Hawaiian Electric Industries, Inc. (NYSE:HE) Stock Holdings Boosted by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 50.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,298 shares of the utilities provider's stock after acquiring an additional 25,150 shares during the period. Ensign Peak Advisors Inc's holdings in Hawaiian Electric Industries were worth $733,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Barclays raised their price target 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. Wall Street Zen raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, Wells Fargo & Company raised 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 report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.00.

Hawaiian Electric Industries Stock Performance

Hawaiian Electric Industries stock traded down $0.12 during mid-day trading on Thursday, reaching $10.48. The company's stock had a trading volume of 328,753 shares, compared to its average volume of 3,415,242. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. The business has a 50 day moving average price of $10.46 and a 200-day moving average price of $10.18. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -0.89 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, meeting 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 business had revenue of $744.07 million during the quarter. During the same period last year, the firm posted $0.38 earnings per share. Sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal 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.