State Street Corp Has $32.60 Million Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

State Street Corp boosted its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 19.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,368,096 shares of the utilities provider’s stock after buying an additional 556,747 shares during the period. State Street Corp’s holdings in Hawaiian Electric Industries were worth $32,603,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Hawaiian Electric Industries in the second quarter valued at approximately $172,000. Bank of New York Mellon Corp boosted its stake in Hawaiian Electric Industries by 23.2% during the second quarter. Bank of New York Mellon Corp now owns 638,156 shares of the utilities provider’s stock worth $5,756,000 after acquiring an additional 120,208 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Hawaiian Electric Industries by 716.5% in the second quarter. Panagora Asset Management Inc. now owns 187,690 shares of the utilities provider’s stock worth $1,693,000 after purchasing an additional 164,702 shares during the period. Principal Financial Group Inc. acquired a new stake in Hawaiian Electric Industries in the second quarter worth $98,000. Finally, Signaturefd LLC increased its stake in Hawaiian Electric Industries by 30.8% in the second quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 1,986 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Price Performance

HE stock opened at $9.88 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The business has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $11.08. The company has a market capitalization of $1.70 billion, a P/E ratio of -0.84 and a beta of 0.53. 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 earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $983.38 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HE has been the topic of a number of research analyst reports. StockNews.com raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Jefferies Financial Group began coverage on Hawaiian Electric Industries in a report on Tuesday, December 3rd. They issued a “hold” rating and a $11.50 price target on the stock. Wells Fargo & Company decreased their price objective on 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. Finally, Evercore ISI cut their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Tuesday, November 19th.

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.