Large Outflow of Money Witnessed in Hawaiian Electric Industries

Hawaiian Electric Industries (NYSE:HE) traded on a positive note gaining 0.09 points or 0.27% to be valued at $33.87 per share. Intraday, the shares aggregated $1.45 million in upticks but saw an exodus of $6.05 million in downticks. The net money flow was calculated to be $(-4.6) million with the final up/down ratio coming in at 0.24. The share price has seen a change of 1.35% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $4.56 million in downticks. The net money flow for the block exchange was disappointing at $(-4.56) Million.

Shares of Hawaiian Electric Industries Inc. rose by 1.59% in the last five trading days and 6.15% for the last 4 weeks. Hawaiian Electric Industries Inc. is up 5.72% in the last 3-month period. Year-to-Date the stock performance stands at 19.66%.

Currently the company Insiders own 0.86% of Hawaiian Electric Industries shares according to the proxy statements. Institutional Investors own 43.77% of Hawaiian Electric Industries shares. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Hawaiian Electric Industries Inc, Fowler Peggy Y, had purchased 237 shares in a transaction dated on December 30, 2014. The transaction was executed at $34.32 per share with total amount equaling $8,134.

Hawaiian Electric Industries (NYSE:HE) rose 0.5% or 0.17 points on Friday and made its way into the gainers of the day. After trading began at $33.66 the stock was seen hitting $34.49 as a peak level and $33.66 as the lowest level. The stock ended up at $33.95. The daily volume was measured at 763,384 shares. The 52-week high of the share price is $34.49 and the 52-week low is $27.02. The company has a market cap of $3,663 million.

Hawaiian Electric Industries, Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company, Inc. (Hawaiian Electric) and its wholly owned subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). The Electric utility segment is involved in the business of generating, purchasing, transmitting, distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries, ASB Hawaii, Inc. (ASB Hawaii) and American Savings Bank, F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.

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