Paces Ferry Wealth Advisors LLC Lowers Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Paces Ferry Wealth Advisors LLC trimmed its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,236 shares of the utilities provider’s stock after selling 3,861 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Hawaiian Electric Industries were worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. LPL Financial LLC increased its holdings in Hawaiian Electric Industries by 13.1% during the fourth quarter. LPL Financial LLC now owns 47,444 shares of the utilities provider’s stock valued at $462,000 after buying an additional 5,489 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Hawaiian Electric Industries during the 4th quarter valued at $721,000. American Century Companies Inc. boosted its position in Hawaiian Electric Industries by 3.9% during the 4th quarter. American Century Companies Inc. now owns 223,660 shares of the utilities provider’s stock valued at $2,176,000 after acquiring an additional 8,426 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Hawaiian Electric Industries by 195.8% in the 4th quarter. Quantbot Technologies LP now owns 428,646 shares of the utilities provider’s stock valued at $4,171,000 after acquiring an additional 283,722 shares during the period. Finally, Xponance Inc. raised its position in shares of Hawaiian Electric Industries by 10.9% in the 4th quarter. Xponance Inc. now owns 11,935 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 1,171 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Down 0.9 %

HE stock opened at $10.98 on Friday. The stock has a market capitalization of $1.89 billion, a PE ratio of -0.93 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a 50 day moving average of $10.11 and a 200 day moving average of $10.18.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19). The company had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. Sell-side analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

HE has been the topic of several analyst reports. Jefferies Financial Group cut their target price 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. StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Barclays increased their target price on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Evercore ISI raised shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Finally, Wells Fargo & Company increased their price objective on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Hawaiian Electric Industries 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.