DGS Capital Management LLC Has $144,000 Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

DGS Capital Management LLC lowered its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 27.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,776 shares of the utilities provider’s stock after selling 4,908 shares during the quarter. DGS Capital Management LLC’s holdings in Hawaiian Electric Industries were worth $144,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of HE. AQR Capital Management LLC boosted its stake in Hawaiian Electric Industries by 1,470.8% in the third quarter. AQR Capital Management LLC now owns 6,120,053 shares of the utilities provider’s stock worth $75,338,000 after purchasing an additional 5,730,428 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Hawaiian Electric Industries in the fourth quarter worth $19,015,000. Qube Research & Technologies Ltd boosted its stake in Hawaiian Electric Industries by 7,788.3% in the third quarter. Qube Research & Technologies Ltd now owns 1,190,815 shares of the utilities provider’s stock worth $14,659,000 after purchasing an additional 1,175,719 shares in the last quarter. Verition Fund Management LLC acquired a new position in Hawaiian Electric Industries in the fourth quarter worth $8,944,000. Finally, BNP Paribas Financial Markets boosted its stake in Hawaiian Electric Industries by 2,854.9% in the fourth quarter. BNP Paribas Financial Markets now owns 580,931 shares of the utilities provider’s stock worth $8,243,000 after purchasing an additional 561,271 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Analyst Ratings Changes

HE has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an “underweight” rating in a research note on Monday, May 13th. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.63.

Hawaiian Electric Industries Trading Down 2.1 %

HE stock opened at $9.01 on Friday. The company has a market cap of $993.25 million, a P/E ratio of 5.33 and a beta of 0.61. Hawaiian Electric Industries, Inc. has a twelve month low of $8.74 and a twelve month high of $40.16. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19. The business has a fifty day moving average of $10.32 and a 200-day moving average of $11.82.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Friday, May 10th. The utilities provider reported $0.45 earnings per share for the quarter. The company had revenue of $897.16 million during the quarter. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%.

About Hawaiian Electric Industries

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.