Deutsche Bank AG lifted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 139.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 687,406 shares of the utilities provider's stock after buying an additional 400,002 shares during the quarter. Deutsche Bank AG owned about 0.40% of Hawaiian Electric Industries worth $6,688,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 1,112,150 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in Hawaiian Electric Industries during the 4th quarter worth about $115,010,000. Geode Capital Management LLC boosted its stake in shares of 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 worth $38,208,000 after buying an additional 132,740 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hawaiian Electric Industries by 14.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider's stock valued at $33,778,000 after purchasing an additional 449,873 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC acquired a new position in Hawaiian Electric Industries during the fourth quarter worth $23,153,000. 59.91% of the stock is currently owned by institutional investors and hedge funds.
Hawaiian Electric Industries Stock Performance
Shares of NYSE:HE traded down $0.22 during trading on Wednesday, reaching $10.60. 1,324,283 shares of the stock were exchanged, compared to its average volume of 3,418,601. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The stock has a 50-day moving average price of $10.47 and a 200-day moving average price of $10.17. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a market cap of $1.83 billion, a PE ratio of -0.90 and a beta of 0.64.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $744.07 million during 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 last year, the firm earned $0.38 earnings per share. Research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.
Wall Street Analyst Weigh In
HE has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Barclays increased their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, StockNews.com raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.00.
View Our Latest Stock Report on HE
Hawaiian Electric Industries Profile
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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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