Deutsche Bank AG Has $9.08 Million Holdings in 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 raised its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 829,241 shares of the utilities provider's stock after buying an additional 141,835 shares during the quarter. Deutsche Bank AG owned 0.48% of Hawaiian Electric Industries worth $9,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HE. Allworth Financial LP grew its holdings in shares of Hawaiian Electric Industries by 379.3% in the 1st quarter. Allworth Financial LP now owns 2,574 shares of the utilities provider's stock worth $27,000 after purchasing an additional 2,037 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Hawaiian Electric Industries by 3,797.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,469 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 3,380 shares during the period. Comerica Bank raised its position in shares of Hawaiian Electric Industries by 69.3% in the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 1,715 shares during the period. Byrne Asset Management LLC raised its holdings 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 during the period. Finally, US Bancorp DE raised its holdings in shares of Hawaiian Electric Industries by 51.2% in the first quarter. US Bancorp DE now owns 4,293 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 1,453 shares during the last quarter. Institutional investors own 59.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HE shares. Barclays decreased their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Jefferies Financial Group lifted 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. Finally, Wall Street Zen raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, May 12th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $11.94.

Hawaiian Electric Industries Trading Down 0.0%

Shares of NYSE:HE traded down $0.0050 during midday trading on Tuesday, hitting $11.4450. 596,391 shares of the stock were exchanged, compared to its average volume of 2,283,379. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -11.33 and a beta of 0.64. 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 50-day moving average price is $10.79 and its 200 day moving average price is $10.60. Hawaiian Electric Industries, Inc. has a 12 month low of $8.14 and a 12 month high of $13.18.

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 for the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. Analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Hawaiian Electric Industries Company 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.