Vanguard Group Inc. Boosts Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Vanguard Group Inc. grew its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,231,969 shares of the utilities provider’s stock after purchasing an additional 1,112,150 shares during the period. Vanguard Group Inc. owned about 0.11% of Hawaiian Electric Industries worth $177,397,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 2,062 shares during the period. R Squared Ltd purchased a new position in shares of Hawaiian Electric Industries in the 4th quarter worth about $36,000. Quarry LP grew its position in Hawaiian Electric Industries by 156.6% during the third quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock valued at $44,000 after buying an additional 2,748 shares during the period. Jones Financial Companies Lllp increased its holdings in Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider’s stock worth $47,000 after buying an additional 1,889 shares during the last quarter. Finally, Amalgamated Bank raised its position in Hawaiian Electric Industries by 50.9% in the fourth quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 1,905 shares during the period. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Trading Down 3.9 %

NYSE:HE opened at $9.97 on Monday. The company has a market cap of $1.72 billion, a P/E ratio of -0.84 and a beta of 0.51. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The stock’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $10.12.

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

Wall Street Analyst Weigh In

HE has been the subject of several research analyst reports. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Evercore ISI raised Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Jefferies Financial Group dropped their price target on 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. Wells Fargo & Company lifted their price objective on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Finally, Barclays upped 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. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.00.

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.