Marathon Trading Investment Management LLC Has $109,000 Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Marathon Trading Investment Management LLC lessened its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 23.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,100 shares of the utilities provider’s stock after selling 3,700 shares during the period. Marathon Trading Investment Management LLC’s holdings in Hawaiian Electric Industries were worth $109,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Hawaiian Electric Industries by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 11,059,244 shares of the utilities provider’s stock worth $124,638,000 after purchasing an additional 160,815 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Hawaiian Electric Industries by 21.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,621,304 shares of the utilities provider’s stock valued at $23,006,000 after buying an additional 285,955 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Hawaiian Electric Industries by 23.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 638,156 shares of the utilities provider’s stock valued at $5,756,000 after acquiring an additional 120,208 shares in the last quarter. Verition Fund Management LLC bought a new position in Hawaiian Electric Industries during the 4th quarter valued at $8,944,000. Finally, Panagora Asset Management Inc. boosted its holdings in Hawaiian Electric Industries by 716.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 187,690 shares of the utilities provider’s stock worth $1,693,000 after acquiring an additional 164,702 shares during the last quarter. Institutional investors own 59.91% of the company’s stock.

Wall Street Analyst Weigh In

HE has been the topic of a number of recent analyst reports. Wells Fargo & Company raised shares of Hawaiian Electric Industries from an “underweight” rating to an “equal weight” rating and set a $14.00 price target on the stock in a research report on Friday, August 23rd. Evercore ISI reissued an “in-line” rating and set a $16.00 target price on shares of Hawaiian Electric Industries in a research report on Wednesday, August 14th. Finally, StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Monday.

Hawaiian Electric Industries Trading Down 1.6 %

Shares of Hawaiian Electric Industries stock opened at $12.05 on Thursday. The firm has a market cap of $1.33 billion, a PE ratio of 7.13 and a beta of 0.55. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a fifty day moving average price of $13.23 and a 200-day moving average price of $11.40.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Friday, August 9th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). Hawaiian Electric Industries had a positive return on equity of 10.69% and a negative net margin of 31.76%. The company had revenue of $792.30 million during the quarter. The business’s revenue for the quarter was down .2% on a year-over-year basis.

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.