Ownership Action Don’t Lie: Sentiment Change Report: Hawaiian Electric Industries Inc (NYSE:HE)

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Action Don't Lie: Sentiment Change Report: Hawaiian Electric Industries Inc (NYSE:HE)

Sentiment for Hawaiian Electric Industries Inc (NYSE:HE)

Hawaiian Electric Industries Inc (NYSE:HE) institutional sentiment decreased to 1.52 in 2016 Q2. Its down -0.06, from 1.58 in 2016Q1. The ratio turned negative, as 101 hedge funds opened new and increased positions, while 64 reduced and sold stakes in Hawaiian Electric Industries Inc. The hedge funds in our partner’s database now possess: 43.48 million shares, down from 43.85 million shares in 2016Q1. Also, the number of hedge funds holding Hawaiian Electric Industries Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 13 Reduced: 51 Increased: 79 New Position: 22.

Hawaiian Electric Industries, Inc. is a holding firm with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The company has a market cap of $3.22 billion. The Company’s divisions include Electric utility, Bank and Other. It has a 13.41 P/E ratio. The Firm 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).

About 85,690 shares traded hands. Hawaiian Electric Industries, Inc. (NYSE:HE) has declined 5.00% since April 28, 2016 and is downtrending. It has underperformed by 10.92% the S&P500.

Analysts await Hawaiian Electric Industries, Inc. (NYSE:HE) to report earnings on February, 9. They expect $0.43 earnings per share, up 4.88% or $0.02 from last year’s $0.41 per share. HE’s profit will be $45.38M for 17.74 P/E if the $0.43 EPS becomes a reality. After $0.58 actual earnings per share reported by Hawaiian Electric Industries, Inc. for the previous quarter, Wall Street now forecasts -25.86% negative EPS growth.

According to Zacks Investment Research, “Hawaiian Electric Industries, Inc. is a holding company with subsidiaries engaged in the electric utility, savings bank, freight transportation, real estate development and other businesses, primarily in the State of Hawaii, and in the pursuit of independent power projects in Asia and the Pacific.”

Electron Capital Partners Llc holds 9.48% of its portfolio in Hawaiian Electric Industries, Inc. for 1.17 million shares. Bennicas & Associates Inc. owns 57,017 shares or 1.68% of their US portfolio. Moreover, Gareth Morgan Investments Limited Partnership has 0.82% invested in the company for 255,477 shares. The New York-based Quinn Opportunity Partners Llc has invested 0.75% in the stock. Hyman Charles D, a Florida-based fund reported 101,174 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 insider sales for $2.20 million net activity.

Hawaiian Electric Industries, Inc. (NYSE:HE) Ratings Coverage

Ratings analysis reveals 0 of Hawaiian Electric Industries’s analysts are positive. Out of 3 Wall Street analysts rating Hawaiian Electric Industries, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $28 while the high is $30. The stock’s average target of $29 is -4.95% below today’s ($30.51) share price. HE was included in 5 notes of analysts from August 14, 2015. As per Friday, November 20, the company rating was downgraded by Wells Fargo. As per Friday, August 28, the company rating was downgraded by Zacks. Zacks upgraded Hawaiian Electric Industries, Inc. (NYSE:HE) on Friday, August 14 to “Sell” rating. Barclays Capital maintained it with “Underweight” rating and $28 target price in Friday, March 18 report.

HE Company Profile

Hawaiian Electric Industries, Inc. (HEI), incorporated in 1981, is a holding firm with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s divisions include Electric utility, Bank and Other. The Firm operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Firm operates its Bank segment through its banking subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB).

More notable recent Hawaiian Electric Industries, Inc. (NYSE:HE) news were published by: Forbes.com which released: “Hawaiian Electric Industries (HE) Passes Through 4% Yield Mark” on November 30, 2016, also Prnewswire.com with their article: “Hawaiian Electric Industries Reports Third Quarter 2016 Earnings” published on November 04, 2016, Nasdaq.com published: “Hawaiian Electric Industries (HE) Shares Cross Above 200 DMA” on November 28, 2016. More interesting news about Hawaiian Electric Industries, Inc. (NYSE:HE) were released by: Prnewswire.com and their article: “Hawaiian Electric Industries, Inc. To Announce Third Quarter Financial Results …” published on October 21, 2016 as well as Nasdaq.com‘s news article titled: “Hawaiian Electric Industries, Inc. (HE) Ex-Dividend Date Scheduled for …” with publication date: November 17, 2016.

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By Winifred Garcia


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