Sagefield Capital LP Sells 28,071 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Sagefield Capital LP lowered its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 15.2% during the second quarter, Holdings Channel.com reports. The firm owned 157,160 shares of the utilities provider’s stock after selling 28,071 shares during the period. Sagefield Capital LP’s holdings in Hawaiian Electric Industries were worth $1,418,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its position in Hawaiian Electric Industries by 42.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,103 shares of the utilities provider’s stock worth $229,000 after buying an additional 4,834 shares in the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Hawaiian Electric Industries in the fourth quarter worth about $43,000. Treasurer of the State of North Carolina lifted its position in shares of Hawaiian Electric Industries by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 159,290 shares of the utilities provider’s stock worth $2,260,000 after purchasing an additional 984 shares in the last quarter. TFO Wealth Partners LLC grew its stake in shares of Hawaiian Electric Industries by 1,735,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 17,352 shares of the utilities provider’s stock valued at $246,000 after purchasing an additional 17,351 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $235,000. Institutional investors own 59.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. Wells Fargo & Company raised Hawaiian Electric Industries from an “underweight” rating to an “equal weight” rating and set a $14.00 price target on the stock in a research note on Friday, August 23rd. Finally, Evercore ISI reiterated an “in-line” rating and issued a $16.00 price objective on shares of Hawaiian Electric Industries in a research report on Wednesday, August 14th.

Hawaiian Electric Industries Price Performance

Shares of HE stock opened at $10.89 on Tuesday. The firm’s 50 day moving average price is $13.25 and its two-hundred day moving average price is $11.39. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.11 and a current ratio of 0.11. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The stock has a market cap of $1.20 billion, a PE ratio of 6.44 and a beta of 0.55.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Friday, August 9th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. The company had revenue of $792.30 million during the quarter. The business’s quarterly revenue was down .2% on a year-over-year basis.

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.