63,278 Shares in Hawaiian Electric Industries, Inc. $HE Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,278 shares of the utilities provider’s stock, valued at approximately $673,000.

A number of other institutional investors also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. bought a new position in Hawaiian Electric Industries in the second quarter worth about $201,000. Lesa Sroufe & Co raised its stake in Hawaiian Electric Industries by 3.5% in the second quarter. Lesa Sroufe & Co now owns 188,573 shares of the utilities provider’s stock worth $2,005,000 after buying an additional 6,453 shares in the last quarter. TD Asset Management Inc raised its stake in Hawaiian Electric Industries by 13.1% in the second quarter. TD Asset Management Inc now owns 198,808 shares of the utilities provider’s stock worth $2,113,000 after buying an additional 23,004 shares in the last quarter. Inspire Investing LLC raised its stake in Hawaiian Electric Industries by 18.4% in the second quarter. Inspire Investing LLC now owns 36,948 shares of the utilities provider’s stock worth $393,000 after buying an additional 5,737 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Hawaiian Electric Industries in the second quarter worth about $47,000. 59.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HE has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Hawaiian Electric Industries to a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hawaiian Electric Industries in a research note on Wednesday, October 8th. Finally, Barclays decreased their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of “Hold” and a consensus price target of $11.94.

Hawaiian Electric Industries Price Performance

Shares of HE opened at $11.87 on Friday. The company has a market capitalization of $2.05 billion, a P/E ratio of -11.75 and a beta of 0.66. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average of $11.74 and a 200 day moving average of $10.99. 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 announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $746.39 million for the quarter. Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. As a group, equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share 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.