Entropy Technologies LP Has $217,000 Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Entropy Technologies LP reduced its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 53.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,328 shares of the utilities provider’s stock after selling 25,574 shares during the quarter. Entropy Technologies LP’s holdings in Hawaiian Electric Industries were worth $217,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Hawaiian Electric Industries during the 3rd quarter worth $821,000. FORA Capital LLC bought a new stake in shares of Hawaiian Electric Industries during the 3rd quarter valued at $692,000. Franklin Resources Inc. raised its position in shares of Hawaiian Electric Industries by 656.7% during the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider’s stock valued at $27,499,000 after acquiring an additional 2,362,863 shares during the last quarter. FMR LLC raised its position in shares of Hawaiian Electric Industries by 7,986.3% during the 3rd quarter. FMR LLC now owns 5,340,679 shares of the utilities provider’s stock valued at $51,698,000 after acquiring an additional 5,274,633 shares during the last quarter. Finally, Fernwood Investment Management LLC raised its position in shares of Hawaiian Electric Industries by 82.8% during the 3rd quarter. Fernwood Investment Management LLC now owns 133,175 shares of the utilities provider’s stock valued at $1,289,000 after acquiring an additional 60,335 shares during the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on HE. Jefferies Financial Group dropped their target price on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research report on Friday, January 3rd. StockNews.com cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays began coverage on shares of Hawaiian Electric Industries in a research report on Thursday, February 6th. They set an “equal weight” rating and a $10.00 target price for the company. Finally, Evercore ISI dropped their target price 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 equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Hawaiian Electric Industries currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Hawaiian Electric Industries Price Performance

HE stock opened at $10.16 on Friday. The stock has a 50-day moving average price of $9.54 and a two-hundred day moving average price of $10.69. The stock has a market cap of $1.75 billion, a PE ratio of -0.86 and a beta of 0.53. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19.

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.