55,000 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 55,000 shares of the utilities provider's stock, valued at approximately $535,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Hawaiian Electric Industries by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider's stock worth $177,397,000 after purchasing an additional 1,112,150 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $115,010,000. Geode Capital Management LLC boosted its position in shares of Hawaiian Electric Industries by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider's stock valued at $38,208,000 after acquiring an additional 132,740 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $33,778,000 after acquiring an additional 449,873 shares during the period. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in Hawaiian Electric Industries in the 4th quarter worth approximately $23,153,000. Hedge funds and other institutional investors own 59.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HE shares. Wells Fargo & Company increased their price objective on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Barclays upped their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. StockNews.com raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Hawaiian Electric Industries has an average rating of "Hold" and an average target price of $12.00.

Hawaiian Electric Industries Trading Up 0.7%

NYSE HE traded up $0.07 during trading on Monday, hitting $10.69. 1,362,900 shares of the company's stock traded hands, compared to its average volume of 3,428,384. The stock has a fifty day moving average of $10.48 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 firm has a market cap of $1.84 billion, a P/E ratio of -0.90 and a beta of 0.64. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. 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 $744.07 million for the quarter. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS 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.