SG Americas Securities LLC Raises Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

SG Americas Securities LLC lifted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 96.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,347 shares of the utilities provider’s stock after acquiring an additional 18,312 shares during the period. SG Americas Securities LLC’s holdings in Hawaiian Electric Industries were worth $362,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its position in Hawaiian Electric Industries by 31.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,265 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 3,156 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Hawaiian Electric Industries during the first quarter worth about $42,000. State Board of Administration of Florida Retirement System grew its holdings in shares of Hawaiian Electric Industries by 18.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 156,734 shares of the utilities provider’s stock worth $1,766,000 after buying an additional 24,328 shares during the last quarter. Vanguard Group Inc. increased its position in Hawaiian Electric Industries by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 11,059,244 shares of the utilities provider’s stock valued at $124,638,000 after acquiring an additional 160,815 shares during the period. Finally, Acadian Asset Management LLC raised its stake in Hawaiian Electric Industries by 470.4% during the 1st quarter. Acadian Asset Management LLC now owns 10,780 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 8,890 shares during the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Price Performance

Shares of HE opened at $10.11 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.62. The stock’s 50 day moving average is $11.02 and its two-hundred day moving average is $11.20. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. The firm has a market capitalization of $1.12 billion, a PE ratio of 5.98 and a beta of 0.54.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Friday, August 9th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). The business had revenue of $792.30 million during the quarter. Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. The company’s quarterly revenue was down .2% compared to the same quarter last year.

Analyst Upgrades and Downgrades

HE has been the topic of several analyst reports. Evercore ISI lowered their target price on Hawaiian Electric Industries from $16.00 to $9.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 24th. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company cut their price objective on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a research report on Monday, September 30th.

Hawaiian Electric Industries 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.