Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $4.02 Million Stake in Hawaiian Electric Industries, Inc. $HE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 15.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 326,794 shares of the utilities provider’s stock after buying an additional 42,735 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.19% of Hawaiian Electric Industries worth $4,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of HE. Comerica Bank grew its position in shares of Hawaiian Electric Industries by 45.0% during 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 during the period. Royal Bank of Canada grew 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 worth $4,159,000 after buying an additional 129,819 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 buying an additional 17,158 shares during the period. Empowered Funds LLC grew its position 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 buying an additional 3,060 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Hawaiian Electric Industries by 36.9% during the 1st 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 buying an additional 132,321 shares during the period. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Performance

NYSE HE opened at $13.37 on Thursday. The company has a fifty day simple moving average of $14.63 and a 200 day simple moving average of $14.13. Hawaiian Electric Industries, Inc. has a 12-month low of $10.15 and a 12-month high of $17.38. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.70. The company has a market cap of $2.31 billion, a P/E ratio of 18.06 and a beta of 0.50.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.09). Hawaiian Electric Industries had a net margin of 4.19% and a return on equity of 9.03%. The business had revenue of $746.45 million during the quarter, compared to analyst estimates of $746.45 million. Sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on HE. Zacks Research downgraded shares of Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Hawaiian Electric Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Barclays lifted their price target on shares of Hawaiian Electric Industries from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $13.25.

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.