Hawaiian Electric Industries, Inc. $HE Shares Sold by RBF Capital LLC

RBF Capital LLC cut its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 25.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the utilities provider’s stock after selling 70,000 shares during the period. RBF Capital LLC owned approximately 0.12% of Hawaiian Electric Industries worth $2,968,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Comerica Bank increased its holdings in shares of Hawaiian Electric Industries by 45.0% during the 1st quarter. Comerica Bank now owns 6,075 shares of the utilities provider’s stock worth $67,000 after buying an additional 1,886 shares during the last quarter. Royal Bank of Canada raised its position in shares of Hawaiian Electric Industries by 51.9% during the 1st quarter. Royal Bank of Canada now owns 379,888 shares of the utilities provider’s stock valued at $4,159,000 after buying an additional 129,819 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hawaiian Electric Industries by 16.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,582 shares of the utilities provider’s stock valued at $1,331,000 after acquiring an additional 17,158 shares during the last quarter. Empowered Funds LLC lifted its holdings in Hawaiian Electric Industries by 12.9% in the first quarter. Empowered Funds LLC now owns 26,690 shares of the utilities provider’s stock valued at $292,000 after acquiring an additional 3,060 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hawaiian Electric Industries by 36.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 491,366 shares of the utilities provider’s stock worth $5,380,000 after acquiring an additional 132,321 shares during the period. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Stock Down 0.9%

Shares of NYSE HE opened at $13.06 on Thursday. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 17.65 and a beta of 0.49. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.70. Hawaiian Electric Industries, Inc. has a 52-week low of $10.60 and a 52-week high of $17.38. The business’s 50 day moving average is $13.40 and its two-hundred day moving average is $14.54.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.09). The firm had revenue of $746.45 million for the quarter, compared to analysts’ expectations of $746.45 million. Hawaiian Electric Industries had a return on equity of 9.03% and a net margin of 4.19%. Research analysts predict that Hawaiian Electric Industries, Inc. will post 1.06 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on HE. Weiss Ratings raised Hawaiian Electric Industries from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 20th. Barclays decreased their price target on Hawaiian Electric Industries from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 25th. Jefferies Financial Group cut their price objective on Hawaiian Electric Industries from $13.75 to $11.75 and set an “underperform” rating for the company in a research report on Monday, July 6th. Wall Street Zen lowered shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Zacks Research lowered shares of Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hawaiian Electric Industries presently has a consensus rating of “Reduce” and a consensus target price of $12.38.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.