Capital Fund Management S.A. Sells 21,821 Shares of Hawaiian Electric Industries, Inc. $HE

Key Points

• Capital Fund Management S.A. reduced its holdings in Hawaiian Electric Industries by 28.3% during the first quarter, now owning 55,182 shares valued at approximately $604,000.
• Other large investors, including Wells Fargo and Invesco, have increased their stakes in Hawaiian Electric Industries, indicating growing institutional interest in the company.
• Hawaiian Electric Industries reported a EPS of $0.20 for the last quarter, missing analyst expectations of $0.24, with a revenue of $746.39 million.

Capital Fund Management S.A. reduced its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 28.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,182 shares of the utilities provider's stock after selling 21,821 shares during the quarter. Capital Fund Management S.A.'s holdings in Hawaiian Electric Industries were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in Hawaiian Electric Industries by 269.7% in the first quarter. Janney Montgomery Scott LLC now owns 67,720 shares of the utilities provider's stock valued at $742,000 after purchasing an additional 49,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Hawaiian Electric Industries by 123.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 88,172 shares of the utilities provider's stock worth $965,000 after purchasing an additional 48,792 shares during the period. Rhumbline Advisers boosted its position in shares of Hawaiian Electric Industries by 1.1% in the first quarter. Rhumbline Advisers now owns 257,191 shares of the utilities provider's stock worth $2,816,000 after buying an additional 2,877 shares during the period. The Manufacturers Life Insurance Company grew its position in Hawaiian Electric Industries by 41.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 82,070 shares of the utilities provider's stock valued at $799,000 after acquiring an additional 24,247 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Hawaiian Electric Industries by 3.7% during the 1st quarter. Arizona State Retirement System now owns 49,470 shares of the utilities provider's stock worth $542,000 after buying an additional 1,771 shares during the period. Institutional investors and hedge funds own 59.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HE. Jefferies Financial Group upped their target price on Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a research report on Wednesday, May 28th. Barclays dropped their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Finally, Wall Street Zen raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.94.

Hawaiian Electric Industries Trading Up 0.6%

Hawaiian Electric Industries stock traded up $0.08 during midday trading on Monday, reaching $12.97. The stock had a trading volume of 4,748,701 shares, compared to its average volume of 2,204,580. Hawaiian Electric Industries, Inc. has a twelve month low of $8.14 and a twelve month high of $13.41. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -12.84 and a beta of 0.69. The firm's fifty day simple moving average is $11.15 and its two-hundred day simple moving average is $10.77.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). The business had revenue of $746.39 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. Equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

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.