Eagle Global Advisors LLC Has $11.35 Million Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Eagle Global Advisors LLC increased its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,166,481 shares of the utilities provider's stock after acquiring an additional 135,861 shares during the period. Eagle Global Advisors LLC owned approximately 0.68% of Hawaiian Electric Industries worth $11,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HE. Barclays PLC boosted its stake in shares of Hawaiian Electric Industries by 48.5% during the 3rd quarter. Barclays PLC now owns 255,618 shares of the utilities provider's stock worth $2,475,000 after acquiring an additional 83,496 shares in the last quarter. Franklin Resources Inc. increased its stake in Hawaiian Electric Industries by 656.7% in 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 in the last quarter. Diversified Trust Co raised its holdings in Hawaiian Electric Industries by 2.9% during the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock worth $403,000 after buying an additional 1,184 shares during the period. Brookstone Capital Management purchased a new stake in Hawaiian Electric Industries during the fourth quarter valued at about $101,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Hawaiian Electric Industries in the fourth quarter worth about $119,000. 59.91% of the stock is currently owned by institutional investors.

Hawaiian Electric Industries Stock Up 0.8 %

Shares of NYSE:HE traded up $0.08 during midday trading on Friday, hitting $10.50. 1,958,526 shares of the stock were exchanged, compared to its average volume of 3,445,486. The business's fifty day simple moving average is $10.51 and its two-hundred day simple moving average is $10.14. 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 52-week low of $7.61 and a 52-week high of $18.19. The company has a market capitalization of $1.81 billion, a PE ratio of -0.89 and a beta of 0.64.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $12.00 to $14.00 in a report 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. Wells Fargo & Company lifted their price target 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. Finally, Barclays increased their price objective on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Hawaiian Electric Industries has an average rating of "Hold" and a consensus price target of $12.00.

Hawaiian Electric Industries Company 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.