Hawaiian Electric Industries, Inc. $HE Shares Bought by Ethos Financial Group LLC

Ethos Financial Group LLC lifted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,782 shares of the utilities provider’s stock after purchasing an additional 4,740 shares during the quarter. Ethos Financial Group LLC’s holdings in Hawaiian Electric Industries were worth $721,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Moors & Cabot Inc. lifted its holdings in Hawaiian Electric Industries by 119.2% in the second quarter. Moors & Cabot Inc. now owns 225,662 shares of the utilities provider’s stock worth $2,399,000 after purchasing an additional 122,737 shares during the period. RFG Bristol Wealth Advisors LLC increased its stake in Hawaiian Electric Industries by 5.1% during the 2nd quarter. RFG Bristol Wealth Advisors LLC now owns 30,910 shares of the utilities provider’s stock valued at $329,000 after buying an additional 1,500 shares during the period. Atlas Wealth Partners LLC bought a new stake in shares of Hawaiian Electric Industries during the 2nd quarter worth about $190,000. Bank of New York Mellon Corp lifted its stake in shares of Hawaiian Electric Industries by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 609,783 shares of the utilities provider’s stock worth $6,482,000 after acquiring an additional 33,497 shares during the period. Finally, Burney Co. bought a new position in shares of Hawaiian Electric Industries in the second quarter valued at approximately $132,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE opened at $11.61 on Friday. The company has a market capitalization of $2.00 billion, a PE ratio of -11.50 and a beta of 0.67. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $11.68 and a 200-day moving average of $11.10. Hawaiian Electric Industries, Inc. has a one year low of $8.14 and a one year high of $13.41.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%.The company had revenue of $746.39 million for the quarter. As a group, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HE has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Hawaiian Electric Industries in a research report on Wednesday, October 8th. Barclays cut their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. Finally, Jefferies Financial Group raised Hawaiian Electric Industries to a “hold” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hawaiian Electric Industries has a consensus rating of “Hold” and an average price target of $11.94.

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.