Hawaiian Electric Industries, Inc. $HE Stock Holdings Lifted by Voya Investment Management LLC

Voya Investment Management LLC lifted its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 14.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 332,393 shares of the utilities provider’s stock after acquiring an additional 43,056 shares during the quarter. Voya Investment Management LLC owned approximately 0.19% of Hawaiian Electric Industries worth $3,670,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HE. Federated Hermes Inc. raised its stake in Hawaiian Electric Industries by 1.3% during the 2nd quarter. Federated Hermes Inc. now owns 72,891 shares of the utilities provider’s stock valued at $775,000 after purchasing an additional 910 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Hawaiian Electric Industries by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 26,142 shares of the utilities provider’s stock valued at $278,000 after buying an additional 1,005 shares in the last quarter. Byrne Asset Management LLC raised its position in Hawaiian Electric Industries by 28.1% during the second quarter. Byrne Asset Management LLC now owns 4,981 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,094 shares during the period. Panagora Asset Management Inc. lifted its stake in Hawaiian Electric Industries by 0.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 212,400 shares of the utilities provider’s stock worth $2,258,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in Hawaiian Electric Industries by 8.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 17,355 shares of the utilities provider’s stock worth $184,000 after acquiring an additional 1,281 shares during the period. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Price Performance

NYSE HE opened at $12.13 on Friday. The stock has a market capitalization of $2.09 billion, a PE ratio of 151.56 and a beta of 0.64. The stock has a 50-day simple moving average of $11.66 and a 200 day simple moving average of $11.38. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.35 and a current ratio of 1.35. Hawaiian Electric Industries, Inc. has a twelve month low of $8.14 and a twelve month high of $13.41.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.39. Hawaiian Electric Industries had a return on equity of 9.51% and a net margin of 0.56%.The company had revenue of $790.61 million during the quarter. Research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating on shares of Hawaiian Electric Industries in a report on Friday, December 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hawaiian Electric Industries in a research note on Monday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.13.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.