EagleClaw Capital Managment LLC Buys New Position in Hawaiian Electric Industries, Inc. $HE

EagleClaw Capital Managment LLC bought a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 323,900 shares of the utilities provider’s stock, valued at approximately $3,443,000. EagleClaw Capital Managment LLC owned 0.19% of Hawaiian Electric Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HE. Geode Capital Management LLC boosted its stake in shares of Hawaiian Electric Industries by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 4,093,753 shares of the utilities provider’s stock valued at $43,522,000 after purchasing an additional 48,686 shares during the last quarter. Allworth Financial LP lifted its holdings in Hawaiian Electric Industries by 78.9% in the second quarter. Allworth Financial LP now owns 4,605 shares of the utilities provider’s stock valued at $49,000 after buying an additional 2,031 shares during the period. CSM Advisors LLC bought a new stake in Hawaiian Electric Industries during the second quarter valued at $5,440,000. Savant Capital LLC acquired a new stake in Hawaiian Electric Industries during the 2nd quarter worth about $154,000. Finally, Ethos Financial Group LLC lifted its stake in shares of Hawaiian Electric Industries by 7.5% in the 2nd quarter. Ethos Financial Group LLC now owns 67,782 shares of the utilities provider’s stock valued at $721,000 after purchasing an additional 4,740 shares during the period. Institutional investors and hedge funds own 59.91% of the company’s stock.

Wall Street Analyst Weigh In

HE has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hawaiian Electric Industries in a research note on Wednesday, October 8th. Jefferies Financial Group upgraded Hawaiian Electric Industries to a “hold” rating in a report on Wednesday, October 8th. One equities 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 company’s stock. According to MarketBeat, Hawaiian Electric Industries presently has an average rating of “Hold” and an average target price of $11.94.

Hawaiian Electric Industries Stock Performance

NYSE HE opened at $11.56 on Thursday. The company has a fifty day simple moving average of $11.58 and a 200 day simple moving average of $11.14. Hawaiian Electric Industries, Inc. has a 12-month low of $8.14 and a 12-month high of $13.41. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.52. The company has a market cap of $2.00 billion, a P/E ratio of -11.45 and a beta of 0.67.

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

Hawaiian Electric Industries Company 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.