KBC Group NV Has $38,000 Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

KBC Group NV boosted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 34.8% in the third quarter, Holdings Channel.com reports. The fund owned 3,956 shares of the utilities provider’s stock after buying an additional 1,021 shares during the quarter. KBC Group NV’s holdings in Hawaiian Electric Industries were worth $38,000 at the end of the most recent quarter.

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

Hawaiian Electric Industries Price Performance

Shares of Hawaiian Electric Industries stock opened at $10.61 on Friday. The business has a 50 day moving average of $10.23 and a 200 day moving average of $11.15. The company has a market cap of $1.83 billion, a PE ratio of -0.90 and a beta of 0.53. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The business had revenue of $983.38 million during 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 revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI dropped their target price 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, November 19th. StockNews.com cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company cut their price target 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.

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.