Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,788 shares of the utilities provider’s stock after selling 2,181 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hawaiian Electric Industries were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. DGS Capital Management LLC purchased a new position in Hawaiian Electric Industries during the 4th quarter worth $251,000. Hoxton Planning & Management LLC grew its holdings in shares of Hawaiian Electric Industries by 28.4% during the fourth quarter. Hoxton Planning & Management LLC now owns 18,420 shares of the utilities provider’s stock worth $261,000 after buying an additional 4,070 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in Hawaiian Electric Industries in the 4th quarter valued at about $163,000. Meeder Advisory Services Inc. purchased a new stake in Hawaiian Electric Industries during the 4th quarter valued at approximately $170,000. Finally, Nisa Investment Advisors LLC lifted its position in Hawaiian Electric Industries by 13.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 15,100 shares of the utilities provider’s stock worth $214,000 after acquiring an additional 1,820 shares during the period. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Stock Performance

Shares of HE stock opened at $10.44 on Monday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 1.21. The stock has a 50 day simple moving average of $11.03 and a 200-day simple moving average of $12.53. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 5.77 and a beta of 0.55. Hawaiian Electric Industries, Inc. has a 12-month low of $8.74 and a 12-month high of $40.16.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Hawaiian Electric Industries had a return on equity of 9.99% and a net margin of 5.45%. The firm had revenue of $961.40 million during the quarter. During the same quarter in the previous year, the company posted $0.52 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. On average, equities analysts forecast that Hawaiian Electric Industries, Inc. will post 1.98 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on HE. StockNews.com raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Evercore ISI upped their price objective on shares of Hawaiian Electric Industries from $7.00 to $11.00 and gave the stock an “in-line” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

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.