Hawaiian Electric Industries, Inc. $HE Stock Position Raised by Ethos Financial Group LLC

Ethos Financial Group LLC increased its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 7.5% in the second quarter, HoldingsChannel reports. The firm owned 67,782 shares of the utilities provider’s stock after acquiring an additional 4,740 shares during the period. Ethos Financial Group LLC’s holdings in Hawaiian Electric Industries were worth $721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HE. Allworth Financial LP raised its stake in Hawaiian Electric Industries by 379.3% during the 1st quarter. Allworth Financial LP now owns 2,574 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 2,037 shares during the period. US Bancorp DE grew its holdings in shares of Hawaiian Electric Industries by 51.2% during the first quarter. US Bancorp DE now owns 4,293 shares of the utilities provider’s stock valued at $47,000 after buying an additional 1,453 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Hawaiian Electric Industries during the second quarter valued at $47,000. Byrne Asset Management LLC raised its position in Hawaiian Electric Industries by 28.1% during the second quarter. Byrne Asset Management LLC now owns 4,981 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,094 shares during the period. Finally, Comerica Bank raised its position in Hawaiian Electric Industries by 45.0% during the first quarter. Comerica Bank now owns 6,075 shares of the utilities provider’s stock valued at $67,000 after buying an additional 1,886 shares during the period. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HE shares. Jefferies Financial Group upgraded Hawaiian Electric Industries to a “hold” rating in a research report on Wednesday, October 8th. Barclays reduced their price target on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hawaiian Electric Industries in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hawaiian Electric Industries has a consensus rating of “Hold” and an average target price of $11.94.

Hawaiian Electric Industries Stock Down 0.1%

HE opened at $11.61 on Friday. The company has a market capitalization of $2.00 billion, a PE ratio of -11.50 and a beta of 0.67. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.07. Hawaiian Electric Industries, Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $13.41. The business has a 50-day moving average of $11.68 and a 200-day moving average of $11.10.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The firm had revenue of $746.39 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. Equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

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.