Xponance Inc. Acquires 1,171 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Xponance Inc. grew its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,935 shares of the utilities provider’s stock after acquiring an additional 1,171 shares during the period. Xponance Inc.’s holdings in Hawaiian Electric Industries were worth $116,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Hawaiian Electric Industries in the third quarter worth $821,000. Franklin Resources Inc. grew its position in shares of Hawaiian Electric Industries by 656.7% during the third 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 in the last quarter. FMR LLC raised its stake in 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 valued at $51,698,000 after purchasing an additional 5,274,633 shares during the period. MetLife Investment Management LLC lifted its holdings in Hawaiian Electric Industries by 239.6% in the 3rd quarter. MetLife Investment Management LLC now owns 94,991 shares of the utilities provider’s stock worth $920,000 after purchasing an additional 67,020 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Hawaiian Electric Industries by 20.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,021,649 shares of the utilities provider’s stock worth $29,250,000 after purchasing an additional 514,989 shares during the period. 59.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

HE has been the topic of several recent analyst reports. Jefferies Financial Group reduced their price objective on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research report on Friday, January 3rd. StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. Barclays increased their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Evercore ISI raised Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Finally, Wells Fargo & Company raised their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Hawaiian Electric Industries Stock Performance

Shares of NYSE:HE opened at $11.11 on Friday. The firm has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $10.17. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.92 billion, a P/E ratio of -0.94 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly 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 positive return on equity of 11.12% and a negative net margin of 35.38%. The company had revenue of $799.18 million during the quarter. On average, analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

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.