Kingswood Wealth Advisors LLC Sells 88,819 Shares of Hawaiian Electric Industries, Inc. $HE

Key Points

• Kingswood Wealth Advisors trimmed its stake in Hawaiian Electric Industries by 83.3%, selling 88,819 shares in Q4 and now holds 17,867 shares worth about $220,000.
• Other institutions largely added to positions—JPMorgan (+153.9% to 1,243,332 shares), Quantinno (+56% to 1,324,999), Jump Financial (+410.7%), and Dimensional—leaving institutional ownership around 59.91%.
• HE trades near $15.34 (1‑year range $10.03–$17.38) with a market cap of ~$2.65B and PE of 21.6; recent EPS of $0.24 met estimates, and analysts hold a consensus Hold rating with a $13.25 price target.

Kingswood Wealth Advisors LLC trimmed its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 83.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,867 shares of the utilities provider's stock after selling 88,819 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Hawaiian Electric Industries were worth $220,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HE. JPMorgan Chase & Co. increased its holdings in shares of Hawaiian Electric Industries by 153.9% in the third quarter. JPMorgan Chase & Co. now owns 1,243,332 shares of the utilities provider's stock worth $13,726,000 after purchasing an additional 753,549 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Hawaiian Electric Industries by 56.0% in the second quarter. Quantinno Capital Management LP now owns 1,324,999 shares of the utilities provider's stock worth $14,085,000 after purchasing an additional 475,443 shares during the last quarter. JCP Investment Management LLC bought a new stake in shares of Hawaiian Electric Industries in the third quarter worth about $3,974,000. Jump Financial LLC increased its holdings in shares of Hawaiian Electric Industries by 410.7% in the third quarter. Jump Financial LLC now owns 426,921 shares of the utilities provider's stock worth $4,713,000 after purchasing an additional 343,321 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hawaiian Electric Industries by 10.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,061,759 shares of the utilities provider's stock worth $22,762,000 after purchasing an additional 195,327 shares during the last quarter. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Stock Up 0.5%

Shares of NYSE:HE opened at $15.34 on Tuesday. Hawaiian Electric Industries, Inc. has a 1 year low of $10.03 and a 1 year high of $17.38. The business has a 50 day simple moving average of $15.26 and a two-hundred day simple moving average of $13.71. The firm has a market capitalization of $2.65 billion, a PE ratio of 21.60 and a beta of 0.55. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.32 and a quick ratio of 1.32.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its earnings results on Friday, February 27th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $805.82 million during the quarter. Hawaiian Electric Industries had a return on equity of 9.82% and a net margin of 4.09%. On average, equities analysts predict that Hawaiian Electric Industries, Inc. will post 1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

HE has been the topic of several research reports. Zacks Research raised Hawaiian Electric Industries from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 7th. Jefferies Financial Group cut Hawaiian Electric Industries from a "hold" rating to an "underperform" rating and reduced their price objective for the stock from $13.50 to $12.50 in a research note on Tuesday, January 20th. Barclays boosted their price objective on Hawaiian Electric Industries from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Monday, March 2nd. Wall Street Zen cut Hawaiian Electric Industries from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Finally, Weiss Ratings raised Hawaiian Electric Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Hawaiian Electric Industries has a consensus rating of "Hold" and a consensus price target of $13.25.

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.

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