BNP Paribas Financial Markets Has $1.52 Million Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

BNP Paribas Financial Markets trimmed its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 46.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,449 shares of the utilities provider's stock after selling 136,798 shares during the period. BNP Paribas Financial Markets owned 0.14% of Hawaiian Electric Industries worth $1,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Hawaiian Electric Industries by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,562 shares of the utilities provider's stock worth $897,000 after buying an additional 3,551 shares in the last quarter. Cetera Advisors LLC bought a new stake in Hawaiian Electric Industries during the first quarter worth approximately $182,000. CWM LLC lifted its position in Hawaiian Electric Industries by 153.1% in the second quarter. CWM LLC now owns 23,540 shares of the utilities provider's stock worth $212,000 after purchasing an additional 14,240 shares during the period. SG Americas Securities LLC bought a new position in Hawaiian Electric Industries during the 2nd quarter valued at $172,000. Finally, Diversified Trust Co acquired a new stake in shares of Hawaiian Electric Industries in the second quarter valued at $372,000. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Trading Down 1.1 %

Shares of NYSE:HE traded down $0.12 during mid-day trading on Monday, hitting $10.54. The stock had a trading volume of 2,323,451 shares, compared to its average volume of 3,351,569. The company's 50 day moving average is $10.16 and its 200-day moving average is $11.12. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market cap of $1.82 billion, a PE ratio of -0.89 and a beta of 0.53.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). The business 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%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. On average, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HE shares. Wells Fargo & Company reduced 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. Evercore ISI cut their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating for the company in a research report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on Hawaiian Electric Industries in a research note on Tuesday, December 3rd. They set a "hold" rating and a $11.50 price objective for the company. Finally, StockNews.com lowered Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Friday, October 4th.

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.