Dimensional Fund Advisors LP Acquires 126,614 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Dimensional Fund Advisors LP grew its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,052,117 shares of the utilities provider's stock after buying an additional 126,614 shares during the period. Dimensional Fund Advisors LP owned approximately 0.61% of Hawaiian Electric Industries worth $10,237,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HE. Farringdon Capital Ltd. bought a new stake in Hawaiian Electric Industries during the 4th quarter worth about $153,000. Gamco Investors INC. ET AL grew its stake in shares of Hawaiian Electric Industries by 116.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 149,100 shares of the utilities provider's stock worth $1,451,000 after acquiring an additional 80,300 shares in the last quarter. Jump Financial LLC bought a new position in shares of Hawaiian Electric Industries in the 4th quarter valued at about $1,207,000. Guggenheim Capital LLC increased its position in shares of Hawaiian Electric Industries by 36.3% during the 4th quarter. Guggenheim Capital LLC now owns 29,901 shares of the utilities provider's stock worth $291,000 after purchasing an additional 7,958 shares during the last quarter. Finally, Barclays PLC lifted its stake in Hawaiian Electric Industries by 11.1% in the fourth quarter. Barclays PLC now owns 283,923 shares of the utilities provider's stock valued at $2,763,000 after acquiring an additional 28,305 shares during the last quarter. 59.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HE. StockNews.com upgraded Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday. Wells Fargo & Company increased their price target on 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 increased their target price for the company from $12.00 to $14.00 in a research report on Friday, March 7th. 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 research note on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Hawaiian Electric Industries currently has a consensus rating of "Hold" and an average target price of $12.00.

Hawaiian Electric Industries Stock Up 1.1%

Shares of Hawaiian Electric Industries stock traded up $0.12 on Thursday, hitting $10.45. The company had a trading volume of 834,382 shares, compared to its average volume of 3,420,768. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The stock has a 50 day moving average of $10.52 and a 200-day moving average of $10.16.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. The firm had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. During the same quarter in the previous year, the company posted $0.38 earnings per share. As a group, sell-side analysts forecast 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.