PNC Financial Services Group Inc. Raises Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

PNC Financial Services Group Inc. lifted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 44.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,601 shares of the utilities provider’s stock after purchasing an additional 4,515 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Hawaiian Electric Industries were worth $207,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HE. Gladius Capital Management LP grew its stake in shares of Hawaiian Electric Industries by 686.9% in the 4th quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock worth $30,000 after buying an additional 1,841 shares in the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Hawaiian Electric Industries in the 4th quarter valued at about $43,000. GAMMA Investing LLC purchased a new position in Hawaiian Electric Industries in the fourth quarter worth about $67,000. CWM LLC increased its stake in Hawaiian Electric Industries by 40.0% during the fourth quarter. CWM LLC now owns 10,460 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 2,990 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in Hawaiian Electric Industries during the fourth quarter valued at approximately $163,000. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Trading Up 3.9 %

Shares of NYSE HE opened at $8.50 on Wednesday. The business’s 50 day moving average price is $10.18 and its 200-day moving average price is $11.68. Hawaiian Electric Industries, Inc. has a fifty-two week low of $8.04 and a fifty-two week high of $40.16. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $937.55 million, a price-to-earnings ratio of 5.03 and a beta of 0.58.

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 business 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%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HE. StockNews.com raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an “underweight” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Hawaiian Electric Industries presently has an average rating of “Hold” and a consensus price target of $11.63.

Hawaiian Electric Industries Company 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.