Venturi Wealth Management LLC Has $105,000 Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Venturi Wealth Management LLC increased its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 291.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,780 shares of the utilities provider’s stock after buying an additional 8,025 shares during the quarter. Venturi Wealth Management LLC’s holdings in Hawaiian Electric Industries were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HE. Virtu Financial LLC purchased a new position in shares of Hawaiian Electric Industries during the 3rd quarter valued at $821,000. FORA Capital LLC acquired a new stake in Hawaiian Electric Industries during the third quarter valued at $692,000. Franklin Resources Inc. increased its position in Hawaiian Electric Industries by 656.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider’s stock worth $27,499,000 after purchasing an additional 2,362,863 shares during the last quarter. FMR LLC raised its stake in shares of Hawaiian Electric Industries by 7,986.3% during the 3rd quarter. FMR LLC now owns 5,340,679 shares of the utilities provider’s stock worth $51,698,000 after purchasing an additional 5,274,633 shares in the last quarter. Finally, Fernwood Investment Management LLC lifted its holdings in shares of Hawaiian Electric Industries by 82.8% during the 3rd quarter. Fernwood Investment Management LLC now owns 133,175 shares of the utilities provider’s stock valued at $1,289,000 after buying an additional 60,335 shares during the last quarter. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Stock Performance

NYSE HE opened at $10.77 on Monday. The stock has a market cap of $1.86 billion, a P/E ratio of -0.91 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 twelve month low of $7.61 and a twelve month high of $18.19. The company’s 50-day simple moving average is $9.56 and its 200 day simple moving average is $10.36.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19). Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The firm had revenue of $799.18 million during the quarter. As a group, research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HE. Barclays began coverage on Hawaiian Electric Industries in a report on Thursday, February 6th. They issued an “equal weight” rating and a $10.00 price objective on the stock. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Jefferies Financial Group reduced their price objective on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research note on Friday, January 3rd. Finally, Evercore ISI lowered their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Hawaiian Electric Industries presently has an average rating of “Hold” and a consensus price target of $10.50.

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.