Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC decreased its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 31.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,880 shares of the utilities provider’s stock after selling 1,301 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Hawaiian Electric Industries were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Treasurer of the State of North Carolina lifted its position in Hawaiian Electric Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 159,290 shares of the utilities provider’s stock worth $2,260,000 after acquiring an additional 984 shares during the period. IFM Investors Pty Ltd lifted its position in Hawaiian Electric Industries by 8.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 14,717 shares of the utilities provider’s stock worth $181,000 after acquiring an additional 1,159 shares during the period. Exchange Traded Concepts LLC lifted its position in Hawaiian Electric Industries by 10.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 16,155 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 1,581 shares during the period. Victory Capital Management Inc. lifted its position in Hawaiian Electric Industries by 4.4% during the 4th quarter. Victory Capital Management Inc. now owns 40,311 shares of the utilities provider’s stock worth $572,000 after acquiring an additional 1,700 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in Hawaiian Electric Industries by 3.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 47,800 shares of the utilities provider’s stock worth $588,000 after acquiring an additional 1,742 shares during the period. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Price Performance

Shares of Hawaiian Electric Industries stock traded down $0.11 on Thursday, hitting $10.14. The company’s stock had a trading volume of 2,028,096 shares, compared to its average volume of 2,472,315. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.13 and a current ratio of 0.13. Hawaiian Electric Industries, Inc. has a 1 year low of $8.74 and a 1 year high of $40.16. The firm has a fifty day moving average price of $11.12 and a 200-day moving average price of $12.57. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 5.60 and a beta of 0.55.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hawaiian Electric Industries had a return on equity of 9.99% and a net margin of 5.45%. The firm had revenue of $961.40 million during the quarter. During the same quarter in the prior year, the firm earned $0.52 EPS. Hawaiian Electric Industries’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HE. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Evercore ISI lifted their price objective on Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an “in-line” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Hawaiian Electric Industries 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.