CSM Advisors LLC Raises Stock Holdings in Hawaiian Electric Industries, Inc. $HE

CSM Advisors LLC boosted its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,303 shares of the utilities provider’s stock after purchasing an additional 53,496 shares during the quarter. CSM Advisors LLC’s holdings in Hawaiian Electric Industries were worth $6,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HE. Comerica Bank grew its stake in Hawaiian Electric Industries by 45.0% in the 1st quarter. Comerica Bank now owns 6,075 shares of the utilities provider’s stock worth $67,000 after buying an additional 1,886 shares in the last quarter. Royal Bank of Canada raised its position in shares of Hawaiian Electric Industries by 51.9% during the 1st quarter. Royal Bank of Canada now owns 379,888 shares of the utilities provider’s stock valued at $4,159,000 after buying an additional 129,819 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hawaiian Electric Industries by 16.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,582 shares of the utilities provider’s stock worth $1,331,000 after acquiring an additional 17,158 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Hawaiian Electric Industries by 12.9% during the 1st quarter. Empowered Funds LLC now owns 26,690 shares of the utilities provider’s stock worth $292,000 after acquiring an additional 3,060 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hawaiian Electric Industries by 36.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 491,366 shares of the utilities provider’s stock worth $5,380,000 after acquiring an additional 132,321 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HE shares. Wall Street Zen raised Hawaiian Electric Industries from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Barclays upped their price objective on Hawaiian Electric Industries from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Weiss Ratings upgraded Hawaiian Electric Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Zacks Research raised Hawaiian Electric Industries to a “hold” rating in a report on Monday, February 9th. Finally, Jefferies Financial Group downgraded Hawaiian Electric Industries from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $13.50 to $12.50 in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.25.

Hawaiian Electric Industries Stock Down 0.5%

Shares of NYSE:HE opened at $14.67 on Monday. The stock has a market capitalization of $2.53 billion, a P/E ratio of 20.66 and a beta of 0.62. The stock’s 50-day moving average price is $15.31 and its 200-day moving average price is $12.98. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.74. Hawaiian Electric Industries, Inc. has a 12-month low of $9.06 and a 12-month high of $17.38.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Friday, February 27th. The utilities provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $805.82 million during the quarter. Hawaiian Electric Industries had a return on equity of 9.82% and a net margin of 4.09%. On average, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.