Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC lessened its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 26.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,886 shares of the utilities provider’s stock after selling 13,114 shares during the quarter. Deltec Asset Management LLC’s holdings in Hawaiian Electric Industries were worth $359,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its holdings in Hawaiian Electric Industries by 225.3% in the second quarter. The Manufacturers Life Insurance Company now owns 59,640 shares of the utilities provider’s stock valued at $538,000 after buying an additional 41,305 shares during the last quarter. Creative Planning grew its position in shares of Hawaiian Electric Industries by 203.2% in the 2nd quarter. Creative Planning now owns 70,683 shares of the utilities provider’s stock worth $638,000 after acquiring an additional 47,372 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Hawaiian Electric Industries by 87.5% in the 2nd quarter. Truist Financial Corp now owns 44,326 shares of the utilities provider’s stock valued at $400,000 after acquiring an additional 20,680 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Hawaiian Electric Industries by 96.2% during the 3rd quarter. SG Americas Securities LLC now owns 37,347 shares of the utilities provider’s stock valued at $362,000 after acquiring an additional 18,312 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Hawaiian Electric Industries by 236.5% during the 3rd quarter. GAMMA Investing LLC now owns 32,105 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 22,565 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. Jefferies Financial Group lowered their price objective on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research report on Friday, January 3rd. Finally, Evercore ISI cut their target price on shares of 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 Price Performance

Shares of NYSE HE opened at $9.50 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market capitalization of $1.64 billion, a PE ratio of -0.80 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19. The business’s fifty day moving average price is $9.60 and its two-hundred day moving average price is $10.92.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The firm had revenue of $983.38 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

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.