Deutsche Bank AG Acquires 141,835 Shares of Hawaiian Electric Industries, Inc. $HE

Key Points

• Deutsche Bank AG increased its stake in Hawaiian Electric Industries by 20.6% in Q1, holding approximately 0.48% of the company worth $9.08 million.
• Several hedge funds, like Allworth Financial LP and Farther Finance Advisors LLC, significantly increased their positions in the company, with Allworth raising its stake by 379.3%.
• Hawaiian Electric reported a miss on earnings for the last quarter, with a $0.20 EPS compared to analysts' expectations of $0.24, and an average price target of $11.94 from research analysts.

Deutsche Bank AG boosted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 829,241 shares of the utilities provider's stock after purchasing an additional 141,835 shares during the period. Deutsche Bank AG owned 0.48% of Hawaiian Electric Industries worth $9,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Zimmer Partners LP boosted its position in Hawaiian Electric Industries by 1.4% during 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. acquired a new stake in Hawaiian Electric Industries during the fourth quarter valued at $115,010,000. Charles Schwab Investment Management Inc. boosted its position in Hawaiian Electric Industries by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,687,636 shares of the utilities provider's stock valued at $40,380,000 after purchasing an additional 216,114 shares during the last quarter. Voloridge Investment Management LLC boosted its position in 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 valued at $23,340,000 after purchasing an additional 442,504 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in 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 valued at $19,885,000 after purchasing an additional 1,274,119 shares during the last quarter. Institutional investors and hedge funds own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Performance

Shares of Hawaiian Electric Industries stock traded up $0.2350 during trading on Wednesday, reaching $11.6850. The company's stock had a trading volume of 2,028,938 shares, compared to its average volume of 1,745,627. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.07 and a current ratio of 1.07. The business's fifty day moving average price is $10.83 and its 200-day moving average price is $10.61. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -11.57 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a one year low of $8.14 and a one year high of $13.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on HE shares. Barclays reduced their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Jefferies Financial Group lifted their price objective on Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a research report on Wednesday, May 28th. Finally, Wall Street Zen raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Hawaiian Electric Industries has a consensus rating of "Hold" and an average price target 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.