GAMMA Investing LLC Sells 3,696 Shares of Hawaiian Electric Industries, Inc. $HE

GAMMA Investing LLC lessened its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 14.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,387 shares of the utilities provider’s stock after selling 3,696 shares during the period. GAMMA Investing LLC’s holdings in Hawaiian Electric Industries were worth $227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of HE. Ameriprise Financial Inc. raised its holdings in Hawaiian Electric Industries by 31.7% during the fourth quarter. Ameriprise Financial Inc. now owns 19,318 shares of the utilities provider’s stock worth $188,000 after acquiring an additional 4,649 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Hawaiian Electric Industries by 32.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 359,045 shares of the utilities provider’s stock worth $3,494,000 after acquiring an additional 88,686 shares in the last quarter. California State Teachers Retirement System raised its holdings in Hawaiian Electric Industries by 47.3% during the fourth quarter. California State Teachers Retirement System now owns 153,806 shares of the utilities provider’s stock worth $1,497,000 after acquiring an additional 49,366 shares in the last quarter. Versant Capital Management Inc raised its holdings in Hawaiian Electric Industries by 197.6% during the first quarter. Versant Capital Management Inc now owns 4,672 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 3,102 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Hawaiian Electric Industries by 80.8% during the first quarter. Parallel Advisors LLC now owns 8,431 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 3,769 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Price Performance

Shares of NYSE HE opened at $11.18 on Friday. The business’s 50 day moving average price is $11.61 and its two-hundred day moving average price is $10.92. The company has a market cap of $1.93 billion, a PE ratio of -11.07 and a beta of 0.69. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. Hawaiian Electric Industries, Inc. has a twelve month low of $8.14 and a twelve month high of $13.41.

Hawaiian Electric Industries (NYSE:HE) last posted its earnings results on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. The firm had revenue of $746.39 million during the quarter. On average, analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.94.

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.