Westside Investment Management Inc. Has $77,000 Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Westside Investment Management Inc. raised its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 422.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,915 shares of the utilities provider’s stock after purchasing an additional 6,400 shares during the quarter. Westside Investment Management Inc.’s holdings in Hawaiian Electric Industries were worth $77,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. KBC Group NV boosted its holdings in Hawaiian Electric Industries by 34.8% in the third quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 1,021 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of Hawaiian Electric Industries during the third quarter worth about $42,000. Quarry LP raised its holdings in shares of Hawaiian Electric Industries by 156.6% in the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 2,748 shares during the last quarter. Millburn Ridgefield Corp bought a new position in Hawaiian Electric Industries in the 3rd quarter valued at about $55,000. Finally, Quest Partners LLC boosted its stake in Hawaiian Electric Industries by 126.1% during the 3rd quarter. Quest Partners LLC now owns 7,983 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 4,453 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HE has been the topic of several recent analyst reports. StockNews.com raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. Wells Fargo & Company reduced their price objective on Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Evercore ISI lowered their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group reduced their price target 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.

Hawaiian Electric Industries Stock Down 4.0 %

Hawaiian Electric Industries stock opened at $9.19 on Thursday. 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 business has a 50-day simple moving average of $9.86 and a 200 day simple moving average of $11.08. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The company 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%. Hawaiian Electric Industries’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. As a group, sell-side analysts predict 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.