Eagle Global Advisors LLC Acquires 85,423 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Key Points

• Eagle Global Advisors LLC has increased its stake in Hawaiian Electric Industries by 7.3%, acquiring an additional 85,423 shares, which brings its total ownership to 1,251,904 shares valued at approximately $13.7 million.
• Hawaiian Electric Industries reported a loss in earnings per share for the last quarter, posting $0.20 EPS against an expected $0.24, alongside revenue of $746.39 million.
• Several institutional investors, including Zimmer Partners LP and T. Rowe Price, have also adjusted their holdings in Hawaiian Electric Industries, contributing to over 59% institutional ownership of the company.

Eagle Global Advisors LLC lifted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,251,904 shares of the utilities provider's stock after purchasing an additional 85,423 shares during the quarter. Eagle Global Advisors LLC owned 0.73% of Hawaiian Electric Industries worth $13,708,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in Hawaiian Electric Industries during the first quarter worth about $5,895,000. Virtu Financial LLC lifted its position in Hawaiian Electric Industries by 48.9% in the 1st quarter. Virtu Financial LLC now owns 31,352 shares of the utilities provider's stock worth $343,000 after buying an additional 10,300 shares during the last quarter. Invesco Ltd. boosted its stake in Hawaiian Electric Industries by 3.4% in the first quarter. Invesco Ltd. now owns 232,545 shares of the utilities provider's stock worth $2,546,000 after buying an additional 7,706 shares in the last quarter. Swiss National Bank grew its position in Hawaiian Electric Industries by 3.3% during the first quarter. Swiss National Bank now owns 334,100 shares of the utilities provider's stock valued at $3,658,000 after acquiring an additional 10,800 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Hawaiian Electric Industries by 20.6% during the first quarter. Deutsche Bank AG now owns 829,241 shares of the utilities provider's stock worth $9,080,000 after acquiring an additional 141,835 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors.

Hawaiian Electric Industries Stock Down 0.3%

NYSE:HE traded down $0.04 on Thursday, reaching $11.37. 1,375,872 shares of the stock traded hands, compared to its average volume of 2,299,998. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -11.25 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a 12 month low of $8.14 and a 12 month high of $13.88. The company's fifty day simple moving average is $10.74 and its 200 day simple moving average is $10.53.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The business had revenue of $746.39 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. Equities analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. 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 research report on Wednesday, May 28th. Wall Street Zen upgraded Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, Barclays decreased their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Hawaiian Electric Industries currently has a consensus rating of "Hold" and a consensus target price of $11.94.

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.