KBC Group NV Increases Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

KBC Group NV raised its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 34.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,956 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the period. KBC Group NV’s holdings in Hawaiian Electric Industries were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in Hawaiian Electric Industries during the 1st quarter worth $32,000. Abich Financial Wealth Management LLC lifted its holdings in Hawaiian Electric Industries by 54.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,137 shares in the last quarter. UMB Bank n.a. purchased a new position in shares of Hawaiian Electric Industries during the 3rd quarter worth $42,000. Signaturefd LLC increased 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 acquiring an additional 1,986 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake 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 buying an additional 4,308 shares during the period. Institutional investors and hedge funds own 59.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HE shares. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Evercore ISI lowered their target price 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. Finally, Wells Fargo & Company reduced their price target on 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 Stock Up 1.0 %

HE stock opened at $10.61 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market cap of $1.83 billion, a PE ratio of -0.90 and a beta of 0.53. The firm has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $11.15. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last posted 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 for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS.

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.