Hawaiian Electric Industries, Inc. (NYSE:HE) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 14.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,471,522 shares of the utilities provider’s stock after buying an additional 449,873 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hawaiian Electric Industries were worth $33,778,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HE. Virtu Financial LLC acquired a new stake in shares of Hawaiian Electric Industries in the third quarter worth $821,000. FORA Capital LLC purchased a new stake in Hawaiian Electric Industries in the 3rd quarter worth about $692,000. Franklin Resources Inc. boosted its position in Hawaiian Electric Industries by 656.7% during the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider’s stock worth $27,499,000 after acquiring an additional 2,362,863 shares during the period. FMR LLC grew 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 acquiring an additional 5,274,633 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of 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 valued at $920,000 after purchasing an additional 67,020 shares during the period. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Performance

HE stock opened at $11.25 on Monday. The firm has a 50 day moving average of $9.89 and a two-hundred day moving average of $10.17. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -0.95 and a beta of 0.46. 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 (NYSE:HE) last issued its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $799.18 million during the quarter. As a group, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Jefferies Financial Group decreased their price target on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lifted their target price on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Evercore ISI raised shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. Finally, Barclays boosted their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hawaiian Electric Industries presently has an average rating of “Hold” and an average target price of $12.00.

About Hawaiian Electric Industries

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.