First Hawaiian Bank decreased its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 3.1% during the first quarter, Holdings Channel reports. The fund owned 13,312 shares of the utilities provider’s stock after selling 432 shares during the period. First Hawaiian Bank’s holdings in Hawaiian Electric Industries were worth $443,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Hawaiian Electric Industries during the fourth quarter valued at about $50,144,000. BlackRock Fund Advisors boosted its position in shares of Hawaiian Electric Industries by 4.0% in the third quarter. BlackRock Fund Advisors now owns 4,040,894 shares of the utilities provider’s stock valued at $120,621,000 after buying an additional 155,491 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Hawaiian Electric Industries by 317.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 70,840 shares of the utilities provider’s stock valued at $2,342,000 after buying an additional 53,890 shares in the last quarter. Comerica Bank boosted its position in shares of Hawaiian Electric Industries by 5.6% in the fourth quarter. Comerica Bank now owns 90,672 shares of the utilities provider’s stock valued at $3,028,000 after buying an additional 4,828 shares in the last quarter. Finally, Pictet North America Advisors SA boosted its position in shares of Hawaiian Electric Industries by 25.0% in the third quarter. Pictet North America Advisors SA now owns 50,000 shares of the utilities provider’s stock valued at $1,493,000 after buying an additional 10,000 shares in the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

Shares of Hawaiian Electric Industries, Inc. (NYSE:HE) traded down 0.48% during trading on Thursday, hitting $33.46. 331,944 shares of the stock traded hands. The company has a 50 day moving average of $33.33 and a 200-day moving average of $31.98. Hawaiian Electric Industries, Inc. has a 1-year low of $28.31 and a 1-year high of $34.98. The company has a market cap of $3.64 billion, a PE ratio of 14.61 and a beta of 0.31.

Hawaiian Electric Industries (NYSE:HE) last posted its earnings results on Tuesday, February 14th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.01. Hawaiian Electric Industries had a return on equity of 9.64% and a net margin of 10.38%. The business had revenue of $617.40 million for the quarter, compared to the consensus estimate of $705.92 million. During the same period in the previous year, the company posted $0.41 earnings per share. Hawaiian Electric Industries’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post $1.65 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on HE shares. Barclays PLC lifted their price objective on shares of Hawaiian Electric Industries from $25.00 to $27.00 and gave the stock a “sell” rating in a research note on Friday, January 20th. Evercore ISI cut shares of Hawaiian Electric Industries to an “underperform” rating in a research note on Monday, March 6th. Finally, Zacks Investment Research cut shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th.

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).

5 Day Chart for NYSE:HE

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