Choreo LLC Increases Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Choreo LLC boosted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,190 shares of the utilities provider’s stock after buying an additional 2,173 shares during the quarter. Choreo LLC’s holdings in Hawaiian Electric Industries were worth $158,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake 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 worth $30,000 after purchasing an additional 2,062 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Hawaiian Electric Industries during the fourth quarter valued at about $36,000. KBC Group NV boosted its holdings in shares of Hawaiian Electric Industries by 34.8% in the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after buying an additional 1,021 shares in the last quarter. Quarry LP grew its position in shares of Hawaiian Electric Industries by 156.6% in the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock worth $44,000 after buying an additional 2,748 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of Hawaiian Electric Industries in the 3rd quarter worth approximately $55,000. Institutional investors own 59.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HE. Barclays initiated coverage on shares of Hawaiian Electric Industries in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $10.00 target price for the company. Evercore ISI lowered their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Tuesday, November 19th. Jefferies Financial Group reduced their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research note on Friday, January 3rd. Finally, StockNews.com cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.50.

Hawaiian Electric Industries Stock Down 1.9 %

Shares of HE opened at $10.16 on Friday. The firm has a market cap of $1.75 billion, a P/E ratio of -0.86 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The stock’s 50 day moving average is $9.53 and its two-hundred day moving average is $10.60. The company has a current ratio of 0.18, a quick 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.