Oppenheimer & Co. Inc. Has $317,000 Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Oppenheimer & Co. Inc. raised its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 32,775 shares of the utilities provider’s stock after buying an additional 1,775 shares during the period. Oppenheimer & Co. Inc.’s holdings in Hawaiian Electric Industries were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in Hawaiian Electric Industries in the 1st quarter valued at $32,000. Abich Financial Wealth Management LLC boosted its position in shares of Hawaiian Electric Industries by 54.4% in the first quarter. Abich Financial Wealth Management LLC now owns 3,226 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 1,137 shares during the period. UMB Bank n.a. bought a new stake in shares of Hawaiian Electric Industries in the third quarter valued at about $42,000. Signaturefd LLC grew its stake in shares of Hawaiian Electric Industries by 30.8% in the second quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 1,986 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Hawaiian Electric Industries by 82.3% during the second quarter. GAMMA Investing LLC now owns 9,540 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 4,308 shares during the period. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Price Performance

HE stock opened at $10.51 on Friday. The company’s 50-day moving average price is $10.26 and its two-hundred day moving average price is $11.15. The firm has a market cap of $1.81 billion, a P/E ratio of -0.89 and a beta of 0.53. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data 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 firm had revenue of $983.38 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. Hawaiian Electric Industries’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HE. Wells Fargo & Company cut their price objective on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a report on Monday, September 30th. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Finally, Evercore ISI dropped their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Tuesday.

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.