Atlas Wealth Partners LLC Buys 65,227 Shares of Hawaiian Electric Industries, Inc. $HE

Atlas Wealth Partners LLC boosted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 365.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 83,077 shares of the utilities provider’s stock after buying an additional 65,227 shares during the period. Hawaiian Electric Industries comprises 0.9% of Atlas Wealth Partners LLC’s holdings, making the stock its 18th biggest position. Atlas Wealth Partners LLC’s holdings in Hawaiian Electric Industries were worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Hawaiian Electric Industries during the third quarter valued at about $113,000. Y Intercept Hong Kong Ltd boosted its stake in Hawaiian Electric Industries by 72.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 204,200 shares of the utilities provider’s stock valued at $2,254,000 after buying an additional 86,117 shares during the last quarter. Westfuller Advisors LLC bought a new position in Hawaiian Electric Industries during the third quarter valued at approximately $66,000. Strs Ohio grew its holdings in Hawaiian Electric Industries by 529.4% during the 3rd quarter. Strs Ohio now owns 42,800 shares of the utilities provider’s stock valued at $473,000 after buying an additional 36,000 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Hawaiian Electric Industries by 11.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,261 shares of the utilities provider’s stock worth $180,000 after acquiring an additional 1,632 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors.

Hawaiian Electric Industries Stock Performance

NYSE:HE opened at $14.74 on Monday. The stock’s fifty day moving average is $12.48 and its 200 day moving average is $11.83. Hawaiian Electric Industries, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.26. The firm has a market capitalization of $2.54 billion, a PE ratio of 184.19 and a beta of 0.64. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.35 and a current ratio of 1.35.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings data on Friday, November 7th. The utilities provider reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.39. Hawaiian Electric Industries had a net margin of 0.56% and a return on equity of 9.51%. The company had revenue of $790.61 million during the quarter. On average, sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HE shares. Barclays increased their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Jefferies Financial Group downgraded shares of Hawaiian Electric Industries from a “hold” rating to an “underperform” rating and decreased their price target for the company from $13.50 to $12.50 in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Hawaiian Electric Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.50.

Hawaiian Electric Industries Company Profile

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.