Hawaiian Electric Industries, Inc. $HE Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 73.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 123,301 shares of the utilities provider’s stock after purchasing an additional 52,318 shares during the period. Jefferies Financial Group Inc.’s holdings in Hawaiian Electric Industries were worth $1,361,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in shares of Hawaiian Electric Industries by 1.3% during the 2nd quarter. Federated Hermes Inc. now owns 72,891 shares of the utilities provider’s stock valued at $775,000 after purchasing an additional 910 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Hawaiian Electric Industries by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 26,142 shares of the utilities provider’s stock worth $278,000 after buying an additional 1,005 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Hawaiian Electric Industries by 37.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,125 shares of the utilities provider’s stock worth $46,000 after buying an additional 1,125 shares during the last quarter. Panagora Asset Management Inc. increased its position in Hawaiian Electric Industries by 0.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 212,400 shares of the utilities provider’s stock valued at $2,258,000 after buying an additional 1,132 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in Hawaiian Electric Industries by 6.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 20,217 shares of the utilities provider’s stock valued at $223,000 after buying an additional 1,280 shares in the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Performance

Shares of HE opened at $14.72 on Thursday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50-day moving average of $15.22 and a two-hundred day moving average of $12.95. The stock has a market cap of $2.54 billion, a P/E ratio of 20.73 and a beta of 0.62. Hawaiian Electric Industries, Inc. has a one year low of $9.06 and a one year high of $17.38.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Friday, February 27th. The utilities provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Hawaiian Electric Industries had a return on equity of 9.82% and a net margin of 4.09%.The business had revenue of $805.82 million for the quarter. As a group, research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

HE has been the subject of a number of research analyst reports. Zacks Research upgraded Hawaiian Electric Industries to a “hold” rating in a research note on Monday, February 9th. Jefferies Financial Group downgraded shares of Hawaiian Electric Industries from a “hold” rating to an “underperform” rating and cut their price objective for the company from $13.50 to $12.50 in a report on Tuesday, January 20th. Weiss Ratings raised shares of Hawaiian Electric Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded shares of Hawaiian Electric Industries from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Barclays boosted their target price on shares of Hawaiian Electric Industries from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $13.25.

About Hawaiian Electric Industries

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.