SG Americas Securities LLC Has $374,000 Stock Holdings in Hawaiian Electric Industries, Inc. $HE

SG Americas Securities LLC trimmed its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 62.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,232 shares of the utilities provider’s stock after selling 42,853 shares during the period. SG Americas Securities LLC’s holdings in Hawaiian Electric Industries were worth $374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HE. Navalign LLC acquired a new position in shares of Hawaiian Electric Industries during the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Hawaiian Electric Industries by 199,800.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,999 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,998 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Hawaiian Electric Industries by 142.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,325 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 1,365 shares during the period. Larson Financial Group LLC grew its position in Hawaiian Electric Industries by 242.2% in the 3rd quarter. Larson Financial Group LLC now owns 2,741 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 1,940 shares during the period. Finally, Tucker Asset Management LLC bought a new stake in Hawaiian Electric Industries during the 4th quarter valued at $32,000. Institutional investors own 59.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HE. Zacks Research lowered shares of Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Jefferies Financial Group decreased their target price on shares of Hawaiian Electric Industries from $13.75 to $11.75 and set an “underperform” rating for the company in a research report on Monday. Wall Street Zen cut shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings downgraded Hawaiian Electric Industries from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. Finally, Barclays decreased their price objective on Hawaiian Electric Industries from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, June 25th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $12.38.

Hawaiian Electric Industries Trading Down 1.2%

Shares of HE stock opened at $13.38 on Friday. Hawaiian Electric Industries, Inc. has a 52-week low of $10.45 and a 52-week high of $17.38. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50-day simple moving average of $13.63 and a two-hundred day simple moving average of $14.45. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.09 and a beta of 0.49.

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