Dimensional Fund Advisors LP Trims Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Dimensional Fund Advisors LP lessened its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 27.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 405,228 shares of the utilities provider's stock after selling 151,043 shares during the period. Dimensional Fund Advisors LP owned 0.37% of Hawaiian Electric Industries worth $3,655,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new position in shares of Hawaiian Electric Industries in the 1st quarter worth $32,000. Abich Financial Wealth Management LLC raised its position in Hawaiian Electric Industries by 54.4% during the first 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. Fidelis Capital Partners LLC bought a new stake in Hawaiian Electric Industries during the first quarter worth about $42,000. Signaturefd LLC boosted its holdings in shares of Hawaiian Electric Industries by 30.8% in the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider's stock worth $76,000 after purchasing an additional 1,986 shares in the last quarter. 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. Institutional investors own 59.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HE shares. Wells Fargo & Company dropped their target price 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. Evercore ISI cut their price objective on shares of Hawaiian Electric Industries from $16.00 to $9.00 and set an "in-line" rating for the company in a research note on Tuesday, September 24th. Finally, StockNews.com cut shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Friday, October 4th.

Hawaiian Electric Industries Trading Down 0.8 %

HE stock traded down $0.08 during midday trading on Friday, hitting $9.73. The company had a trading volume of 1,869,807 shares, compared to its average volume of 3,442,291. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.62. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -0.92 and a beta of 0.54. The stock's 50 day moving average price is $11.71 and its 200 day moving average price is $11.24.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The utilities provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.05). The firm had revenue of $792.30 million for the quarter. Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. Hawaiian Electric Industries's revenue was down .2% on a year-over-year basis.

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.