Virtu Financial LLC Sells 63,807 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Virtu Financial LLC lowered its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 75.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,052 shares of the utilities provider’s stock after selling 63,807 shares during the period. Virtu Financial LLC’s holdings in Hawaiian Electric Industries were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HE. Quantbot Technologies LP grew its holdings in shares of Hawaiian Electric Industries by 195.8% during the 4th quarter. Quantbot Technologies LP now owns 428,646 shares of the utilities provider’s stock worth $4,171,000 after acquiring an additional 283,722 shares during the period. Xponance Inc. grew its stake in Hawaiian Electric Industries by 10.9% in the fourth quarter. Xponance Inc. now owns 11,935 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 1,171 shares during the period. Intech Investment Management LLC raised its holdings in Hawaiian Electric Industries by 175.5% in the fourth quarter. Intech Investment Management LLC now owns 67,906 shares of the utilities provider’s stock worth $661,000 after purchasing an additional 43,254 shares in the last quarter. Horizon Kinetics Asset Management LLC purchased a new position in Hawaiian Electric Industries during the fourth quarter valued at $23,153,000. Finally, Cibc World Markets Corp bought a new stake in shares of Hawaiian Electric Industries during the 4th quarter valued at $151,000. 59.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Evercore ISI raised shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $14.00 in a research report on Friday, March 7th. Wells Fargo & Company boosted their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Barclays boosted their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, Jefferies Financial Group reduced their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.00.

Hawaiian Electric Industries Stock Down 0.5 %

Hawaiian Electric Industries stock opened at $11.11 on Friday. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The stock has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $10.17. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -0.94 and a beta of 0.46.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). The business had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. Equities analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

About Hawaiian Electric Industries

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.