Thrivent Financial for Lutherans Purchases Shares of 230,643 Hawaiian Electric Industries, Inc. (NYSE:HE)

Thrivent Financial for Lutherans bought a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 230,643 shares of the utilities provider’s stock, valued at approximately $2,233,000. Thrivent Financial for Lutherans owned 0.21% of Hawaiian Electric Industries as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of 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 valued at $124,638,000 after acquiring an additional 160,815 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Hawaiian Electric Industries by 17.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,172 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 1,766 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hawaiian Electric Industries by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 79,562 shares of the utilities provider’s stock valued at $897,000 after purchasing an additional 3,551 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Hawaiian Electric Industries by 22.2% during the first quarter. Public Employees Retirement System of Ohio now owns 75,286 shares of the utilities provider’s stock valued at $848,000 after purchasing an additional 13,660 shares during the last quarter. Finally, New Covenant Trust Company N.A. purchased a new stake in Hawaiian Electric Industries in the 1st quarter worth about $32,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Performance

HE opened at $10.53 on Thursday. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19. The firm has a market capitalization of $1.82 billion, a P/E ratio of -0.89 and a beta of 0.53. The stock’s 50 day moving average price is $10.14 and its two-hundred day moving average price is $11.17. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $983.38 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. Hawaiian Electric Industries’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share.

Wall Street Analysts Forecast Growth

HE has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a research note on Monday, September 30th. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Finally, Evercore ISI lowered their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Tuesday, November 19th.

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.