Quantbot Technologies LP trimmed its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 39.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,924 shares of the utilities provider's stock after selling 94,877 shares during the quarter. Quantbot Technologies LP owned 0.13% of Hawaiian Electric Industries worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in HE. Abich Financial Wealth Management LLC increased its position 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 worth $36,000 after purchasing an additional 1,137 shares during the last quarter. KBC Group NV grew its stake in shares of Hawaiian Electric Industries by 34.8% in the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider's stock valued at $38,000 after buying an additional 1,021 shares in the last quarter. UMB Bank n.a. acquired a new position in Hawaiian Electric Industries in the third quarter worth approximately $42,000. Signaturefd LLC raised its position in Hawaiian Electric Industries by 30.8% during the second 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 in the last quarter. Finally, Quest Partners LLC lifted its stake in Hawaiian Electric Industries by 126.1% in the third quarter. Quest Partners LLC now owns 7,983 shares of the utilities provider's stock valued at $77,000 after acquiring an additional 4,453 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on HE. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Friday, October 4th. Evercore ISI decreased their target price 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. Finally, Wells Fargo & Company dropped their price target on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating on the stock in a research report on Monday, September 30th.
Read Our Latest Stock Report on HE
Hawaiian Electric Industries Price Performance
Shares of Hawaiian Electric Industries stock traded down $0.14 during trading on Friday, hitting $10.39. 1,070,270 shares of the company's stock traded hands, compared to its average volume of 3,371,857. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. 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 $1.79 billion, a PE ratio of -0.88 and a beta of 0.53. The firm's fifty day moving average price is $10.12 and its 200 day moving average price is $11.16.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). The company 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%. Hawaiian Electric Industries's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS.
Hawaiian Electric Industries Company Profile
(
Free Report)
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.
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