Charles Schwab Investment Management Inc. boosted its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,687,636 shares of the utilities provider's stock after purchasing an additional 216,114 shares during the period. Charles Schwab Investment Management Inc. owned about 2.14% of Hawaiian Electric Industries worth $40,380,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Zimmer Partners LP lifted its stake in Hawaiian Electric Industries by 1.4% in the fourth quarter. Zimmer Partners LP now owns 15,202,552 shares of the utilities provider's stock valued at $147,921,000 after purchasing an additional 202,552 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hawaiian Electric Industries during the fourth quarter worth $115,010,000. Voloridge Investment Management LLC lifted its position in shares of Hawaiian Electric Industries by 22.6% during the fourth quarter. Voloridge Investment Management LLC now owns 2,398,817 shares of the utilities provider's stock worth $23,340,000 after acquiring an additional 442,504 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Hawaiian Electric Industries by 165.6% during the fourth quarter. Two Sigma Investments LP now owns 2,043,726 shares of the utilities provider's stock worth $19,885,000 after acquiring an additional 1,274,119 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Hawaiian Electric Industries by 7.9% during the fourth quarter. Northern Trust Corp now owns 1,530,418 shares of the utilities provider's stock worth $14,891,000 after acquiring an additional 111,698 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Jefferies Financial Group increased their target price on Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock 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 research report on Monday, May 12th. Finally, Barclays dropped their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $11.94.
Get Our Latest Stock Report on HE
Hawaiian Electric Industries Price Performance
Shares of Hawaiian Electric Industries stock traded up $0.2360 during trading on Friday, hitting $11.8760. The stock had a trading volume of 403,314 shares, compared to its average volume of 2,269,311. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -11.76 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a 12 month low of $8.14 and a 12 month high of $13.18. The business's 50-day moving average is $10.85 and its 200 day moving average is $10.63. 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 (NYSE:HE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm 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%. As a group, sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.
About Hawaiian Electric Industries
(
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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