BNP Paribas Financial Markets Sells 57,025 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

BNP Paribas Financial Markets cut its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,424 shares of the utilities provider's stock after selling 57,025 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of Hawaiian Electric Industries worth $977,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HE. Blue Trust Inc. raised its position in shares of Hawaiian Electric Industries by 203.0% during the fourth quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock worth $30,000 after purchasing an additional 2,062 shares during the period. R Squared Ltd bought a new position in shares of Hawaiian Electric Industries during the 4th quarter worth $36,000. Comerica Bank grew its stake in shares of Hawaiian Electric Industries by 69.3% during the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock worth $41,000 after acquiring an additional 1,715 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Hawaiian Electric Industries by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after acquiring an additional 1,889 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in Hawaiian Electric Industries by 816.0% during the 4th quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock worth $51,000 after purchasing an additional 4,651 shares in the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Up 0.7%

Shares of HE traded up $0.07 on Monday, reaching $10.62. The stock had a trading volume of 1,047,490 shares, compared to its average volume of 3,435,237. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -0.90 and a beta of 0.64. 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 company has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.18. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. The business had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. During the same quarter in the previous year, the firm posted $0.38 EPS. Sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Barclays raised their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Wall Street Zen upgraded Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.00.

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.