Ensign Peak Advisors Inc Purchases 25,150 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Ensign Peak Advisors Inc grew its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,298 shares of the utilities provider's stock after acquiring an additional 25,150 shares during the quarter. Ensign Peak Advisors Inc's holdings in Hawaiian Electric Industries were worth $733,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HE. Blue Trust Inc. grew its holdings in Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock worth $30,000 after buying an additional 2,062 shares in the last quarter. R Squared Ltd acquired a new stake in Hawaiian Electric Industries during the 4th quarter valued at $36,000. Comerica Bank boosted its position in Hawaiian Electric Industries by 69.3% during the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock worth $41,000 after acquiring an additional 1,715 shares during the period. Jones Financial Companies Lllp grew its position in Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 1,889 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Hawaiian Electric Industries by 816.0% during the fourth quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock worth $51,000 after acquiring an additional 4,651 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Up 1.0%

Shares of NYSE:HE traded up $0.11 during midday trading on Tuesday, hitting $10.80. 1,332,004 shares of the company's stock were exchanged, compared to its average volume of 3,420,109. The stock has a 50 day moving average price of $10.47 and a 200-day moving average price of $10.17. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The company has a market cap of $1.86 billion, a PE ratio of -0.91 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 announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. The business had revenue of $744.07 million for 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 prior year, the firm posted $0.38 earnings per share. On average, sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HE shares. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price target for the company from $12.00 to $14.00 in a research report on Friday, March 7th. Barclays raised 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 report on Tuesday, March 4th. Wells Fargo & Company boosted their price objective on shares of 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. Finally, StockNews.com raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.