Moors & Cabot Inc. Has $5.65 Million Stock Holdings in Hawaiian Electric Industries, Inc. $HE

Moors & Cabot Inc. boosted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 21.4% in the fourth quarter, Holdings Channel reports. The firm owned 459,651 shares of the utilities provider’s stock after purchasing an additional 80,919 shares during the quarter. Moors & Cabot Inc.’s holdings in Hawaiian Electric Industries were worth $5,654,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Comerica Bank boosted its stake in Hawaiian Electric Industries by 45.0% in the 1st quarter. Comerica Bank now owns 6,075 shares of the utilities provider’s stock valued at $67,000 after buying an additional 1,886 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Hawaiian Electric Industries by 51.9% in the 1st quarter. Royal Bank of Canada now owns 379,888 shares of the utilities provider’s stock valued at $4,159,000 after purchasing an additional 129,819 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hawaiian Electric Industries by 16.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,582 shares of the utilities provider’s stock worth $1,331,000 after purchasing an additional 17,158 shares during the last quarter. Empowered Funds LLC lifted its holdings in Hawaiian Electric Industries by 12.9% during the 1st quarter. Empowered Funds LLC now owns 26,690 shares of the utilities provider’s stock valued at $292,000 after purchasing an additional 3,060 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $5,380,000 after buying an additional 132,321 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors.

Hawaiian Electric Industries Stock Down 0.1%

NYSE:HE opened at $13.53 on Friday. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 18.29 and a beta of 0.54. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s fifty day moving average price is $14.70 and its two-hundred day moving average price is $14.08. Hawaiian Electric Industries, Inc. has a 52-week low of $10.15 and a 52-week high of $17.38.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on HE. Weiss Ratings cut shares of Hawaiian Electric Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Wall Street Zen cut Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Barclays boosted their price objective on Hawaiian Electric Industries from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, Zacks Research lowered Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $13.25.

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.