BTIM Corp. Has $14.55 Million Stake in Hawaiian Electric Industries, Inc. (HE)
BTIM Corp. decreased its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 402,331 shares of the utilities provider’s stock after selling 8,611 shares during the quarter. BTIM Corp.’s holdings in Hawaiian Electric Industries were worth $14,545,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in HE. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of Hawaiian Electric Industries during the second quarter valued at approximately $123,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Hawaiian Electric Industries during the second quarter valued at approximately $201,000. Marshwinds Advisory Co. bought a new position in shares of Hawaiian Electric Industries during the fourth quarter valued at approximately $202,000. Pennsylvania Trust Co bought a new position in shares of Hawaiian Electric Industries during the fourth quarter valued at approximately $205,000. Finally, Vident Investment Advisory LLC bought a new position in shares of Hawaiian Electric Industries during the third quarter valued at approximately $218,000. 49.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hawaiian Electric Industries, Inc. (NYSE:HE) opened at $33.95 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $3,716.13, a P/E ratio of 20.96, a P/E/G ratio of 3.64 and a beta of 0.50. Hawaiian Electric Industries, Inc. has a twelve month low of $31.71 and a twelve month high of $38.72.
A number of brokerages recently issued reports on HE. JPMorgan Chase & Co. lowered their price target on Hawaiian Electric Industries from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Finally, Bank of America began coverage on Hawaiian Electric Industries in a report on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 price target for the company. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Hawaiian Electric Industries currently has a consensus rating of “Hold” and an average price target of $31.67.
In related news, Director Thomas B. Fargo sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $36.46, for a total value of $200,530.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.
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About Hawaiian Electric Industries
Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s subsidiaries include Hawaiian Electric Company, Inc (Hawaiian Electric) and ASB Hawaii, Inc (ASB Hawaii).
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