Hawaiian Electric Industries, Inc. (NYSE:HE) Short Interest Update

Hawaiian Electric Industries, Inc. (NYSE:HE) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 25,600,000 shares, a growth of 8.3% from the May 31st total of 23,640,000 shares. Based on an average daily volume of 2,300,000 shares, the short-interest ratio is presently 11.1 days.

Hawaiian Electric Industries Stock Down 0.2 %

NYSE:HE traded down $0.02 during trading hours on Wednesday, reaching $8.49. The company’s stock had a trading volume of 2,793,809 shares, compared to its average volume of 2,513,209. Hawaiian Electric Industries has a one year low of $8.04 and a one year high of $40.16. The company has a market cap of $936.45 million, a price-to-earnings ratio of 5.03 and a beta of 0.58. The business’s 50-day moving average is $10.18 and its 200-day moving average is $11.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.11 and a quick ratio of 0.11.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Friday, May 10th. The utilities provider reported $0.45 earnings per share for the quarter. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%. The business had revenue of $897.16 million for the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an “underweight” rating in a research report on Monday, May 13th. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, Hawaiian Electric Industries presently has an average rating of “Hold” and a consensus target price of $11.63.

Institutional Investors Weigh In On Hawaiian Electric Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $19,015,000. Verition Fund Management LLC bought a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $8,944,000. BNP Paribas Financial Markets raised its stake in shares of Hawaiian Electric Industries by 2,854.9% in the fourth quarter. BNP Paribas Financial Markets now owns 580,931 shares of the utilities provider’s stock valued at $8,243,000 after acquiring an additional 561,271 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Hawaiian Electric Industries by 21.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,621,304 shares of the utilities provider’s stock worth $23,006,000 after purchasing an additional 285,955 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Hawaiian Electric Industries by 1,439.8% in the 4th quarter. International Assets Investment Management LLC now owns 180,867 shares of the utilities provider’s stock worth $2,567,000 after purchasing an additional 169,121 shares during the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Company 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.