Janney Montgomery Scott LLC Buys 49,400 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Janney Montgomery Scott LLC boosted its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 269.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,720 shares of the utilities provider's stock after purchasing an additional 49,400 shares during the quarter. Janney Montgomery Scott LLC's holdings in Hawaiian Electric Industries were worth $742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake 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 purchasing an additional 3,380 shares during the last quarter. Byrne Asset Management LLC raised its stake 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 worth $43,000 after acquiring an additional 987 shares in the last quarter. Comerica Bank raised its stake in Hawaiian Electric Industries by 69.3% during the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock worth $41,000 after acquiring an additional 1,715 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Hawaiian Electric Industries by 197.6% in the first quarter. Versant Capital Management Inc now owns 4,672 shares of the utilities provider's stock worth $51,000 after acquiring an additional 3,102 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Hawaiian Electric Industries by 63.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after purchasing 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 Up 2.0%

Shares of HE stock traded up $0.22 during trading hours on Thursday, hitting $11.02. 1,130,237 shares of the company's stock traded hands, compared to its average volume of 3,318,357. The stock has a market cap of $1.90 billion, a PE ratio of -0.85 and a beta of 0.64. The stock's 50 day simple moving average is $10.56 and its 200 day simple moving average is $10.23. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.77. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, meeting analysts' consensus estimates of $0.23. The firm had revenue of $744.07 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 12.59% and a negative net margin of 42.60%. During the same quarter last year, the firm posted $0.38 EPS. On average, sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $12.00 to $14.00 in a research note on Friday, March 7th. Jefferies Financial Group increased their price target on Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a research note on Wednesday, May 28th. Finally, Wall Street Zen upgraded Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Hawaiian Electric Industries has an average rating of "Hold" and a consensus price target of $12.19.

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.