Nisa Investment Advisors LLC Has $214,000 Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Nisa Investment Advisors LLC lifted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,100 shares of the utilities provider’s stock after acquiring an additional 1,820 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hawaiian Electric Industries were worth $214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. acquired a new position in shares of Hawaiian Electric Industries in the 3rd quarter worth approximately $27,000. Lazard Asset Management LLC acquired a new position in Hawaiian Electric Industries during the 2nd quarter worth $34,000. Newbridge Financial Services Group Inc. acquired a new position in Hawaiian Electric Industries during the 3rd quarter worth $35,000. MUFG Americas Holdings Corp acquired a new position in Hawaiian Electric Industries during the 3rd quarter worth $39,000. Finally, Comerica Bank acquired a new position in Hawaiian Electric Industries during the 3rd quarter worth $40,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HE has been the topic of several research reports. StockNews.com raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Evercore ISI upped their price objective on Hawaiian Electric Industries from $7.00 to $11.00 and gave the stock an “in-line” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.50.

Hawaiian Electric Industries Stock Performance

Shares of Hawaiian Electric Industries stock opened at $10.92 on Friday. The firm has a fifty day moving average of $11.56 and a two-hundred day moving average of $12.65. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 6.03 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a 52 week low of $8.74 and a 52 week high of $40.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.13 and a current ratio of 0.13.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Tuesday, February 13th. The utilities provider reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $961.40 million during the quarter. Hawaiian Electric Industries had a net margin of 5.45% and a return on equity of 9.99%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.98 EPS for the current 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.