Aquatic Capital Management LLC Buys 54,281 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Aquatic Capital Management LLC grew its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 68.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,381 shares of the utilities provider's stock after purchasing an additional 54,281 shares during the period. Aquatic Capital Management LLC owned about 0.08% of Hawaiian Electric Industries worth $1,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in Hawaiian Electric Industries in the third quarter worth approximately $821,000. Franklin Resources Inc. increased its stake in shares of 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 purchasing an additional 2,362,863 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Hawaiian Electric Industries by 14.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider's stock valued at $33,778,000 after purchasing an additional 449,873 shares in the last quarter. Mad River Investors acquired a new stake in shares of Hawaiian Electric Industries in the 4th quarter valued at $1,171,000. Finally, Proficio Capital Partners LLC bought a new stake in Hawaiian Electric Industries in the fourth quarter worth $142,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on HE. Wells Fargo & Company raised their target price 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. Barclays raised their price objective 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. StockNews.com cut Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Finally, Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price target for the company from $12.00 to $14.00 in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.00.

Hawaiian Electric Industries Stock Performance

Shares of Hawaiian Electric Industries stock traded up $0.14 during trading on Monday, reaching $10.35. The company's stock had a trading volume of 654,456 shares, compared to its average volume of 2,723,881. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64. The business's fifty day moving average price is $10.54 and its 200-day moving average price is $10.13.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued 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 business had revenue of $799.18 million during the quarter. As a group, equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Hawaiian Electric Industries 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.