Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lowered its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 15.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 47,902 shares of the utilities provider’s stock after selling 8,827 shares during the period. Entropy Technologies LP’s holdings in Hawaiian Electric Industries were worth $464,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Versor Investments LP acquired a new position in shares of Hawaiian Electric Industries in the third quarter worth $367,000. Fernwood Investment Management LLC increased its position in Hawaiian Electric Industries by 82.8% during the 3rd quarter. Fernwood Investment Management LLC now owns 133,175 shares of the utilities provider’s stock worth $1,289,000 after purchasing an additional 60,335 shares in the last quarter. Van ECK Associates Corp increased its position in Hawaiian Electric Industries by 59.9% during the 3rd quarter. Van ECK Associates Corp now owns 45,536 shares of the utilities provider’s stock worth $443,000 after purchasing an additional 17,055 shares in the last quarter. Deltec Asset Management LLC acquired a new position in Hawaiian Electric Industries in the 3rd quarter valued at about $484,000. Finally, PFG Investments LLC purchased a new position in Hawaiian Electric Industries in the 3rd quarter valued at about $166,000. Institutional investors and hedge funds own 59.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HE shares. Evercore ISI lifted their price target on shares of Hawaiian Electric Industries from $9.00 to $11.00 and gave the stock an “in-line” rating in a report on Monday, November 11th. Wells Fargo & Company lowered their target price on shares of 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. Finally, StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 4th.

Hawaiian Electric Industries Stock Up 4.4 %

HE opened at $10.28 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -0.87 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.11. The business has a 50-day moving average of $10.31 and a two-hundred day moving average of $11.13.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $983.38 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share.

Hawaiian Electric Industries 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.