Entropy Technologies LP Has $217,000 Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Entropy Technologies LP decreased its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,328 shares of the utilities provider's stock after selling 25,574 shares during the quarter. Entropy Technologies LP's holdings in Hawaiian Electric Industries were worth $217,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HE. Blue Trust Inc. boosted its position in Hawaiian Electric Industries by 203.0% during the fourth 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 period. R Squared Ltd bought a new stake in Hawaiian Electric Industries during the fourth quarter worth approximately $36,000. 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 worth $38,000 after purchasing an additional 1,021 shares during the period. Quarry LP boosted its position in shares of Hawaiian Electric Industries by 156.6% in the third quarter. Quarry LP now owns 4,503 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 2,748 shares during the period. Finally, Millburn Ridgefield Corp bought a new stake in shares of Hawaiian Electric Industries in the third quarter valued at approximately $55,000. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Performance

Shares of NYSE HE traded up $0.28 during trading hours on Tuesday, reaching $10.44. The stock had a trading volume of 844,321 shares, compared to its average volume of 3,061,068. The business's fifty day moving average is $9.52 and its two-hundred day moving average is $10.51. 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 company has a market cap of $1.80 billion, a price-to-earnings ratio of -0.88 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HE shares. Jefferies Financial Group reduced their price objective 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. StockNews.com cut Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Barclays started coverage on Hawaiian Electric Industries in a research report on Thursday, February 6th. They issued an "equal weight" rating and a $10.00 price objective for the company. Finally, Evercore ISI reduced 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.50.

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.