Corient Private Wealth LLC Has $1.43 Million Holdings in Hawaiian Electric Industries, Inc. $HE

Corient Private Wealth LLC grew its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 101.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,927 shares of the utilities provider’s stock after buying an additional 58,387 shares during the period. Corient Private Wealth LLC’s holdings in Hawaiian Electric Industries were worth $1,427,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of HE. Navalign LLC bought a new position in Hawaiian Electric Industries during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its stake in Hawaiian Electric Industries by 199,800.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,999 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,998 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Hawaiian Electric Industries by 142.2% during the third 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 raised its stake in Hawaiian Electric Industries by 242.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,741 shares of the utilities provider’s stock worth $30,000 after buying an additional 1,940 shares during the period. Finally, Tucker Asset Management LLC bought a new position in Hawaiian Electric Industries in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Performance

Shares of Hawaiian Electric Industries stock opened at $13.54 on Wednesday. Hawaiian Electric Industries, Inc. has a 52 week low of $10.45 and a 52 week high of $17.38. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.70. The business has a 50 day moving average price of $13.89 and a 200-day moving average price of $14.37. The company has a market cap of $2.34 billion, a PE ratio of 18.29 and a beta of 0.50.

Hawaiian Electric Industries (NYSE:HE) last announced its 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 company had revenue of $746.45 million for the quarter, compared to analysts’ expectations of $746.45 million. Equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on HE shares. Wall Street Zen cut Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays lowered their target price on Hawaiian Electric Industries from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 25th. Zacks Research cut Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Hawaiian Electric Industries from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $12.75.

Hawaiian Electric Industries 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.