US Bancorp DE Decreases Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

US Bancorp DE cut its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 26.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,500 shares of the utilities provider’s stock after selling 5,609 shares during the period. US Bancorp DE’s holdings in Hawaiian Electric Industries were worth $150,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. New Covenant Trust Company N.A. bought a new position in shares of Hawaiian Electric Industries during the 1st quarter valued at $32,000. Abich Financial Wealth Management LLC lifted its holdings in 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 acquiring an additional 1,137 shares during the period. UMB Bank n.a. purchased a new position in Hawaiian Electric Industries in the third quarter worth about $42,000. Signaturefd LLC grew its stake in shares of Hawaiian Electric Industries by 30.8% during the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 1,986 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Hawaiian Electric Industries by 82.3% during the 2nd quarter. GAMMA Investing LLC now owns 9,540 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 4,308 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HE has been the topic of a number of research reports. StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, October 4th. 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. Finally, Evercore ISI raised their target price on Hawaiian Electric Industries from $9.00 to $11.00 and gave the stock an “in-line” rating in a report on Monday, November 11th.

Hawaiian Electric Industries Trading Up 4.4 %

Hawaiian Electric Industries stock opened at $10.28 on Friday. 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 $1.13 billion, a price-to-earnings ratio of -0.87 and a beta of 0.53. The firm has a 50 day moving average of $10.31 and a 200 day moving average of $11.13. The company has a current ratio of 0.18, a quick ratio of 0.11 and a debt-to-equity ratio of 1.80.

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

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.