CSM Advisors LLC Takes $5.44 Million Position in Hawaiian Electric Industries, Inc. $HE

CSM Advisors LLC acquired a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 511,807 shares of the utilities provider’s stock, valued at approximately $5,440,000. CSM Advisors LLC owned about 0.30% of Hawaiian Electric Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HE. Optimize Financial Inc purchased a new position in shares of Hawaiian Electric Industries during the first quarter worth approximately $261,000. Arizona State Retirement System boosted its stake in shares of Hawaiian Electric Industries by 3.7% in the 1st quarter. Arizona State Retirement System now owns 49,470 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 1,771 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Hawaiian Electric Industries in the 1st quarter worth $126,000. Moors & Cabot Inc. raised its position in Hawaiian Electric Industries by 119.2% in the 2nd quarter. Moors & Cabot Inc. now owns 225,662 shares of the utilities provider’s stock worth $2,399,000 after purchasing an additional 122,737 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in Hawaiian Electric Industries by 445.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 118,083 shares of the utilities provider’s stock worth $1,255,000 after purchasing an additional 96,425 shares during the last quarter. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Down 0.2%

NYSE HE opened at $11.57 on Monday. Hawaiian Electric Industries, Inc. has a 1 year low of $8.14 and a 1 year high of $13.41. The stock has a market capitalization of $2.00 billion, a PE ratio of -11.45 and a beta of 0.67. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day moving average is $11.65 and its 200 day moving average is $11.12.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Friday, November 7th. The utilities provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.39. The business had revenue of $790.61 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. Sell-side analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HE shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hawaiian Electric Industries in a report on Wednesday, October 8th. Jefferies Financial Group upgraded Hawaiian Electric Industries to a “hold” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.94.

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.