Sagefield Capital LP Sells 28,071 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Sagefield Capital LP trimmed its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 15.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,160 shares of the utilities provider’s stock after selling 28,071 shares during the quarter. Sagefield Capital LP owned 0.14% of Hawaiian Electric Industries worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. New Covenant Trust Company N.A. acquired a new position in Hawaiian Electric Industries during the 1st quarter valued at $32,000. Cape Investment Advisory Inc. acquired a new position in shares of Hawaiian Electric Industries during the fourth quarter valued at about $43,000. Abich Financial Wealth Management LLC lifted its stake in shares of Hawaiian Electric Industries by 54.4% in the first quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock valued at $36,000 after buying an additional 1,137 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Hawaiian Electric Industries during the first quarter worth about $42,000. Finally, Signaturefd LLC increased its stake in Hawaiian Electric Industries by 30.8% during the second quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 1,986 shares during the period. 59.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HE. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. Wells Fargo & Company raised Hawaiian Electric Industries from an “underweight” rating to an “equal weight” rating and set a $14.00 target price for the company in a research report on Friday, August 23rd. Finally, Evercore ISI reiterated an “in-line” rating and set a $16.00 price target on shares of Hawaiian Electric Industries in a research note on Wednesday, August 14th.

Hawaiian Electric Industries Stock Down 0.8 %

Shares of HE opened at $10.89 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 2.62. The company has a 50-day moving average price of $13.25 and a two-hundred day moving average price of $11.39. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 6.44 and a beta of 0.55. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Friday, August 9th. The utilities provider reported $0.44 earnings per share (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 for the quarter. Hawaiian Electric Industries’s revenue for the quarter was down .2% compared to the same quarter last year.

Hawaiian Electric Industries Company Profile

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.