71,518 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Purchased by FORA Capital LLC

FORA Capital LLC bought a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 71,518 shares of the utilities provider’s stock, valued at approximately $692,000. FORA Capital LLC owned about 0.06% of Hawaiian Electric Industries as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC boosted its stake in Hawaiian Electric Industries by 54.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock worth $36,000 after buying an additional 1,137 shares during the last quarter. KBC Group NV raised its position in Hawaiian Electric Industries by 34.8% in the third quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 1,021 shares during the period. UMB Bank n.a. purchased a new stake in shares of Hawaiian Electric Industries during the 3rd quarter valued at about $42,000. Signaturefd LLC lifted its holdings in Hawaiian Electric Industries by 30.8% in the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock worth $76,000 after buying an additional 1,986 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Hawaiian Electric Industries by 126.1% in the 3rd quarter. Quest Partners LLC now owns 7,983 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 4,453 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Analysts Set New Price Targets

HE has been the topic of a number of research analyst reports. Evercore ISI reduced their price objective on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 19th. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company dropped their price target on Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating on the stock in a research report on Monday, September 30th.

Hawaiian Electric Industries Trading Down 0.4 %

NYSE:HE opened at $10.53 on Friday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -0.89 and a beta of 0.53. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The business has a fifty day moving average of $10.13 and a 200-day moving average of $11.16.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The company had revenue of $983.38 million during the quarter. During the same period in the prior year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.