Shares of Hawaiian Electric Industries Inc. (NYSE:HE) traded down 6.2% on Monday . The company traded as low as $30.41 and last traded at $30.46, with a volume of 1,558,405 shares traded. The stock had previously closed at $32.48.

Separately, Zacks Investment Research upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Monday, April 4th.

The firm has a 50 day moving average price of $33.20 and a 200 day moving average price of $31.50. The firm has a market capitalization of $3.25 billion and a PE ratio of 20.24.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Wednesday, May 4th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.06. The company had revenue of $550.96 million for the quarter, compared to analysts’ expectations of $588.65 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, equities analysts forecast that Hawaiian Electric Industries Inc. will post $1.70 earnings per share for the current year.

A number of hedge funds and institutional investors have recently bought and sold shares of HE. Wells Fargo & Company MN boosted its position in Hawaiian Electric Industries by 23.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,060,005 shares of the company’s stock valued at $30,687,000 after buying an additional 198,437 shares during the period. First Trust Advisors LP boosted its position in Hawaiian Electric Industries by 19.2% in the fourth quarter. First Trust Advisors LP now owns 413,545 shares of the company’s stock valued at $11,972,000 after buying an additional 66,570 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its position in Hawaiian Electric Industries by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 69,226 shares of the company’s stock valued at $2,004,000 after buying an additional 23,500 shares during the period. Russell Frank Co boosted its position in Hawaiian Electric Industries by 20.9% in the fourth quarter. Russell Frank Co now owns 65,793 shares of the company’s stock valued at $1,918,000 after buying an additional 11,373 shares during the period. Finally, Bank of Montreal Can boosted its position in Hawaiian Electric Industries by 3.9% in the fourth quarter. Bank of Montreal Can now owns 112,267 shares of the company’s stock valued at $3,249,000 after buying an additional 4,204 shares during the period.

Hawaiian Electric Industries, Inc (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s segments include Electric utility, Bank and Other. The Company operates its electric utility business through Hawaiian Electric Company, Inc and its subsidiaries, Hawaii Electric Light Company, Inc and Maui Electric Company, Limited (Maui Electric).

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