Algert Global LLC increased its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 23.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 283,675 shares of the utilities provider's stock after purchasing an additional 54,579 shares during the quarter. Algert Global LLC owned about 0.16% of Hawaiian Electric Industries worth $3,106,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Ethos Financial Group LLC acquired a new stake in Hawaiian Electric Industries in the first quarter worth about $690,000. American Century Companies Inc. lifted its holdings in Hawaiian Electric Industries by 19.8% in the first quarter. American Century Companies Inc. now owns 267,865 shares of the utilities provider's stock worth $2,933,000 after purchasing an additional 44,205 shares during the period. Russell Investments Group Ltd. lifted its holdings in Hawaiian Electric Industries by 54.4% in the first quarter. Russell Investments Group Ltd. now owns 6,976 shares of the utilities provider's stock worth $76,000 after purchasing an additional 2,457 shares during the period. HighTower Advisors LLC acquired a new stake in Hawaiian Electric Industries in the first quarter worth about $553,000. Finally, Eagle Global Advisors LLC lifted its holdings in Hawaiian Electric Industries by 7.3% in the first quarter. Eagle Global Advisors LLC now owns 1,251,904 shares of the utilities provider's stock worth $13,708,000 after purchasing an additional 85,423 shares during the period. Institutional investors and hedge funds own 59.91% of the company's stock.
Hawaiian Electric Industries Trading Up 4.6%
HE stock traded up $0.5370 during mid-day trading on Friday, reaching $12.1770. 2,884,973 shares of the stock traded hands, compared to its average volume of 1,793,258. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.52. Hawaiian Electric Industries, Inc. has a 52-week low of $8.14 and a 52-week high of $13.18. The company has a market cap of $2.10 billion, a P/E ratio of -12.06 and a beta of 0.64. The stock's fifty day moving average is $10.88 and its 200-day moving average is $10.66.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. The firm had revenue of $746.39 million for the quarter. As a group, sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.
Analysts Set New Price Targets
HE has been the subject of a number of research analyst reports. Barclays cut their price target on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. 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, Jefferies Financial Group upped their price target on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Hawaiian Electric Industries has an average rating of "Hold" and a consensus price target of $11.94.
Read Our Latest Stock Analysis on Hawaiian Electric Industries
Hawaiian Electric Industries Company Profile
(
Free Report)
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.
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