Oppenheimer & Co. Inc. Has $317,000 Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Oppenheimer & Co. Inc. increased its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,775 shares of the utilities provider’s stock after purchasing an additional 1,775 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Hawaiian Electric Industries were worth $317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Hawaiian Electric Industries by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,059,244 shares of the utilities provider’s stock valued at $124,638,000 after buying an additional 160,815 shares during the period. AQR Capital Management LLC lifted its stake in shares of Hawaiian Electric Industries by 52.8% in the 2nd quarter. AQR Capital Management LLC now owns 6,693,424 shares of the utilities provider’s stock valued at $60,308,000 after purchasing an additional 2,312,950 shares during the period. Millennium Management LLC lifted its stake in shares of Hawaiian Electric Industries by 79.0% in the 2nd quarter. Millennium Management LLC now owns 1,870,088 shares of the utilities provider’s stock valued at $16,868,000 after purchasing an additional 825,073 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Hawaiian Electric Industries by 23.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 638,156 shares of the utilities provider’s stock worth $5,756,000 after purchasing an additional 120,208 shares during the last quarter. Finally, Seven Grand Managers LLC acquired a new stake in shares of Hawaiian Electric Industries during the third quarter worth $4,888,000. Institutional investors and hedge funds own 59.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HE. StockNews.com cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Evercore ISI cut their price target on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a report on Monday, September 30th.

Hawaiian Electric Industries Stock Up 0.3 %

NYSE:HE opened at $10.51 on Friday. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -0.89 and a beta of 0.53. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The stock has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $11.15. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last posted its earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The business had revenue of $983.38 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share.

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.