Hawaiian Electric Industries Inc. (NYSE:HE) shares saw an uptick in trading volume on Tuesday . 1,509,990 shares were traded during trading, an increase of 63% from the previous session’s volume of 926,146 shares.The stock last traded at $30.18 and had previously closed at $30.10.

Separately, Zacks Investment Research downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, March 29th.

The company’s 50-day moving average is $33.13 and its 200-day moving average is $31.55. The company has a market cap of $3.29 billion and a price-to-earnings ratio of 20.53.

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

A number of institutional investors have made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of 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 worth $30,687,000 after buying an additional 198,437 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Hawaiian Electric Industries by 19.2% in the fourth quarter. First Trust Advisors LP now owns 413,545 shares of the company’s stock worth $11,972,000 after buying an additional 66,570 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Hawaiian Electric Industries by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 338,892 shares of the company’s stock worth $9,811,000 after buying an additional 3,342 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Hawaiian Electric Industries by 1.5% in the fourth quarter. Rhumbline Advisers now owns 152,014 shares of the company’s stock worth $4,401,000 after buying an additional 2,289 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Hawaiian Electric Industries by 3.9% in the fourth quarter. Bank of Montreal Can now owns 112,267 shares of the company’s stock worth $3,249,000 after buying an additional 4,204 shares during the last quarter.

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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