Cambridge Investment Research Advisors Inc. grew its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 123.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,172 shares of the utilities provider's stock after purchasing an additional 48,792 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.05% of Hawaiian Electric Industries worth $965,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in HE. Farther Finance Advisors LLC lifted its position in Hawaiian Electric Industries by 3,797.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,469 shares of the utilities provider's stock worth $38,000 after buying an additional 3,380 shares in the last quarter. Byrne Asset Management LLC lifted its position in Hawaiian Electric Industries by 34.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,887 shares of the utilities provider's stock worth $43,000 after buying an additional 987 shares in the last quarter. Comerica Bank lifted its position in Hawaiian Electric Industries by 69.3% during the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock worth $41,000 after buying an additional 1,715 shares in the last quarter. Versant Capital Management Inc lifted its position in Hawaiian Electric Industries by 197.6% during the 1st quarter. Versant Capital Management Inc now owns 4,672 shares of the utilities provider's stock worth $51,000 after buying an additional 3,102 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Hawaiian Electric Industries by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after buying an additional 1,889 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company's stock.
Hawaiian Electric Industries Trading Down 0.8%
Hawaiian Electric Industries stock traded down $0.09 during trading hours on Wednesday, reaching $10.72. 1,392,909 shares of the company's stock traded hands, compared to its average volume of 3,277,141. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.25 and a current ratio of 1.25. Hawaiian Electric Industries, Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $18.19. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -0.83 and a beta of 0.64. The firm's 50 day moving average is $10.60 and its 200-day moving average is $10.26.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Hawaiian Electric Industries had a negative net margin of 42.60% and a positive return on equity of 12.59%. The company had revenue of $744.07 million for the quarter. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on HE. Jefferies Financial Group upped their price target on shares of 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 shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.19.
Get Our Latest Analysis on Hawaiian Electric Industries
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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