Diversified Trust Co Has $469,000 Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Diversified Trust Co increased its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 3.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 42,795 shares of the utilities provider’s stock after acquiring an additional 1,340 shares during the period. Diversified Trust Co’s holdings in Hawaiian Electric Industries were worth $469,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of Hawaiian Electric Industries by 3,797.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,469 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 3,380 shares during the period. Comerica Bank increased its position in Hawaiian Electric Industries by 69.3% during the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider’s stock worth $41,000 after buying an additional 1,715 shares during the last quarter. Byrne Asset Management LLC raised its stake in Hawaiian Electric Industries by 34.0% in the first quarter. Byrne Asset Management LLC now owns 3,887 shares of the utilities provider’s stock valued at $43,000 after buying an additional 987 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Hawaiian Electric Industries by 63.9% in the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider’s stock valued at $47,000 after buying an additional 1,889 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Hawaiian Electric Industries by 816.0% during the 4th quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 4,651 shares during the period. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Price Performance

HE opened at $10.65 on Tuesday. The stock has a fifty day moving average of $10.52 and a 200-day moving average of $10.21. The company has a market capitalization of $1.84 billion, a P/E ratio of -0.83 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.25 and a current ratio of 1.25.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $744.07 million for the quarter. Hawaiian Electric Industries had a negative net margin of 42.60% and a positive return on equity of 12.59%. During the same period in the prior year, the business posted $0.38 earnings per share. On average, equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays increased their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Jefferies Financial Group raised their target price on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock a “hold” rating in a research note on Wednesday, May 28th. Evercore ISI raised shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Finally, Wall Street Zen raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.19.

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.