Apollon Wealth Management LLC Invests $98,000 in Hawaiian Electric Industries, Inc. (NYSE:HE)

Apollon Wealth Management LLC acquired a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,052 shares of the utilities provider’s stock, valued at approximately $98,000.

A number of other hedge funds have also bought and sold shares of the company. KBC Group NV boosted its position in Hawaiian Electric Industries by 34.8% during the third quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 1,021 shares during the last quarter. Diversified Trust Co boosted its position in shares of Hawaiian Electric Industries by 2.9% during the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider’s stock valued at $403,000 after purchasing an additional 1,184 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Hawaiian Electric Industries by 5.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,775 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 1,775 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Choreo LLC increased its holdings in Hawaiian Electric Industries by 15.5% in the fourth quarter. Choreo LLC now owns 16,190 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 2,173 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HE. Jefferies Financial Group decreased their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research report on Friday, January 3rd. Evercore ISI decreased their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Tuesday, November 19th. Barclays began coverage on shares of Hawaiian Electric Industries in a research note on Thursday, February 6th. They set an “equal weight” rating and a $10.00 price target for the company. Finally, StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Hawaiian Electric Industries Stock Down 1.9 %

HE stock opened at $10.16 on Friday. The stock’s 50 day moving average is $9.53 and its 200-day moving average is $10.60. 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 $1.75 billion, a PE ratio of -0.86 and a beta of 0.53. 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 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.