Cambridge Investment Research Advisors Inc. Raises Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Cambridge Investment Research Advisors Inc. boosted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 123.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,172 shares of the utilities provider's stock after acquiring an additional 48,792 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.05% of Hawaiian Electric Industries worth $965,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HE. Farther Finance Advisors LLC boosted its stake in shares of 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 acquiring an additional 3,380 shares in the last quarter. Comerica Bank raised its holdings in Hawaiian Electric Industries by 69.3% during 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 in the last quarter. Byrne Asset Management LLC raised its holdings in Hawaiian Electric Industries by 34.0% during the first quarter. Byrne Asset Management LLC now owns 3,887 shares of the utilities provider's stock valued at $43,000 after buying an additional 987 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Hawaiian Electric Industries by 63.9% during 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 in the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Hawaiian Electric Industries by 816.0% in the fourth quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock worth $51,000 after purchasing an additional 4,651 shares during the period. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HE has been the topic of a number of recent research reports. Wall Street Zen raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, May 12th. 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 report on Wednesday, May 28th. Four equities research 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, Hawaiian Electric Industries currently has a consensus rating of "Hold" and a consensus target price of $12.19.

Hawaiian Electric Industries Stock Down 0.9%

Shares of NYSE HE traded down $0.10 during trading on Wednesday, hitting $10.72. 683,377 shares of the company traded hands, compared to its average volume of 3,283,679. The business's fifty day moving average is $10.60 and its 200 day moving average is $10.25. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 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 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 (NYSE:HE - Get Free Report) last posted its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, hitting 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 prior year, the company earned $0.38 EPS. Equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

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.