Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 283,923 shares of the utilities provider's stock after acquiring an additional 28,305 shares during the quarter. Barclays PLC owned 0.16% of Hawaiian Electric Industries worth $2,763,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Virtu Financial LLC acquired a new stake in Hawaiian Electric Industries during the 3rd quarter worth about $821,000. Sanctuary Advisors LLC acquired a new stake in Hawaiian Electric Industries during the third quarter worth about $112,000. Peapack Gladstone Financial Corp purchased a new position in Hawaiian Electric Industries during the third quarter valued at approximately $184,000. Franklin Resources Inc. lifted its holdings in Hawaiian Electric Industries by 656.7% in the third quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock valued at $27,499,000 after acquiring an additional 2,362,863 shares during the period. Finally, Diversified Trust Co boosted its position in Hawaiian Electric Industries by 2.9% in the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock worth $403,000 after purchasing an additional 1,184 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Trading Up 1.8 %

Shares of HE traded up $0.19 during mid-day trading on Monday, reaching $10.40. The stock had a trading volume of 495,244 shares, compared to its average volume of 3,444,830. 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 business's fifty day moving average is $10.54 and its 200 day moving average is $10.13. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). The business had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. On average, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HE shares. Barclays raised their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Wells Fargo & Company boosted their price objective on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their target price for the company from $12.00 to $14.00 in a research report on Friday, March 7th. Finally, StockNews.com lowered shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Hawaiian Electric Industries currently has an average rating of "Hold" and an average price target 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.