Venturi Wealth Management LLC Raises Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Venturi Wealth Management LLC raised its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 291.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,780 shares of the utilities provider’s stock after acquiring an additional 8,025 shares during the period. Venturi Wealth Management LLC’s holdings in Hawaiian Electric Industries were worth $105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of 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. Diversified Trust Co increased its position in shares of Hawaiian Electric Industries by 2.9% in the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 1,184 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Hawaiian Electric Industries by 5.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,775 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 1,775 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Hawaiian Electric Industries by 203.0% during the fourth quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 2,062 shares during the last quarter. Finally, Choreo LLC lifted its position in shares of Hawaiian Electric Industries by 15.5% during the fourth quarter. Choreo LLC now owns 16,190 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 2,173 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on HE shares. Jefferies Financial Group cut their price objective on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research note on Friday, January 3rd. Barclays started coverage on shares of Hawaiian Electric Industries in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $10.00 price target on the stock. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Finally, Evercore ISI lowered their price target on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, Hawaiian Electric Industries currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Hawaiian Electric Industries Stock Down 1.9 %

HE opened at $10.77 on Monday. The stock’s 50 day moving average price is $9.56 and its 200 day moving average price is $10.36. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market cap of $1.86 billion, a P/E ratio of -0.91 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). The business had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. As a group, research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

About Hawaiian Electric Industries

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.