Deutsche Bank AG Grows Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Deutsche Bank AG raised its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 139.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 687,406 shares of the utilities provider's stock after purchasing an additional 400,002 shares during the period. Deutsche Bank AG owned 0.40% of Hawaiian Electric Industries worth $6,688,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its holdings in shares of Hawaiian Electric Industries by 3.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider's stock valued at $302,000 after purchasing an additional 1,080 shares in the last quarter. Xponance Inc. raised its position in shares of Hawaiian Electric Industries by 10.9% in the fourth quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock valued at $116,000 after buying an additional 1,171 shares during the last quarter. Comerica Bank raised its position in shares of Hawaiian Electric Industries by 69.3% in the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock valued at $41,000 after buying an additional 1,715 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Hawaiian Electric Industries by 63.9% in the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after buying an additional 1,889 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Hawaiian Electric Industries by 50.9% in the fourth quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock valued at $55,000 after buying an additional 1,905 shares during the last quarter. Hedge funds and other institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Trading Up 0.7%

HE stock traded up $0.07 on Friday, hitting $10.62. 1,047,490 shares of the company were exchanged, compared to its average volume of 3,425,573. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The business's fifty day moving average is $10.44 and its two-hundred day moving average is $10.18. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -0.90 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued 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 firm had revenue of $744.07 million during the quarter. During the same period last year, the company posted $0.38 EPS. As a group, research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HE. Barclays boosted 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 report on Tuesday, March 4th. Wall Street Zen raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $12.00 to $14.00 in a research report on Friday, March 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.00.

About Hawaiian Electric Industries

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.