87,900 Shares in Hawaiian Electric Industries, Inc. $HE Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 87,900 shares of the utilities provider’s stock, valued at approximately $1,189,000. Jefferies Financial Group Inc. owned about 0.05% of Hawaiian Electric Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HE. Comerica Bank boosted its holdings in shares of Hawaiian Electric Industries by 45.0% in the first quarter. Comerica Bank now owns 6,075 shares of the utilities provider’s stock worth $67,000 after buying an additional 1,886 shares during the last quarter. Royal Bank of Canada increased its holdings in Hawaiian Electric Industries by 51.9% during the first quarter. Royal Bank of Canada now owns 379,888 shares of the utilities provider’s stock valued at $4,159,000 after buying an additional 129,819 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hawaiian Electric Industries by 16.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,582 shares of the utilities provider’s stock valued at $1,331,000 after buying an additional 17,158 shares during the last quarter. Empowered Funds LLC raised its position in Hawaiian Electric Industries by 12.9% in the first quarter. Empowered Funds LLC now owns 26,690 shares of the utilities provider’s stock worth $292,000 after acquiring an additional 3,060 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Hawaiian Electric Industries by 36.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 491,366 shares of the utilities provider’s stock worth $5,380,000 after acquiring an additional 132,321 shares during the period. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Trading Up 0.1%

Shares of HE stock opened at $11.41 on Monday. Hawaiian Electric Industries, Inc. has a 52-week low of $10.79 and a 52-week high of $17.38. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $1.97 billion, a PE ratio of 8.78 and a beta of 0.50. The stock has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $14.04.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $939.70 million during the quarter, compared to analysts’ expectations of $939.70 million. Hawaiian Electric Industries had a net margin of 6.89% and a return on equity of 7.90%. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, analysts predict that Hawaiian Electric Industries, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HE has been the subject of a number of recent research reports. Barclays cut their price objective on shares of Hawaiian Electric Industries from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Zacks Research downgraded Hawaiian Electric Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Jefferies Financial Group cut their price target on Hawaiian Electric Industries from $13.75 to $11.75 and set an “underperform” rating for the company in a report on Monday, July 6th. Finally, Weiss Ratings upgraded Hawaiian Electric Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $11.88.

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.