583,800 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 583,800 shares of the utilities provider's stock, valued at approximately $5,680,000. Jefferies Financial Group Inc. owned about 0.34% of Hawaiian Electric Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Hawaiian Electric Industries by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider's stock worth $177,397,000 after buying an additional 1,112,150 shares during the period. Zimmer Partners LP grew its position in shares of 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 worth $147,921,000 after acquiring an additional 202,552 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Hawaiian Electric Industries in the 4th quarter valued at $115,010,000. Geode Capital Management LLC raised its position in Hawaiian Electric Industries by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider's stock valued at $38,208,000 after purchasing an additional 132,740 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Hawaiian Electric Industries by 14.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider's stock worth $33,778,000 after purchasing an additional 449,873 shares during the period. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE traded down $0.18 during trading hours on Friday, hitting $10.69. 2,076,241 shares of the company's stock traded hands, compared to its average volume of 2,565,950. The company's fifty day simple moving average is $10.41 and its two-hundred day simple moving average is $10.19. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -0.90 and a beta of 0.64. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, meeting analysts' consensus estimates of $0.23. The company had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. During the same period in the prior year, the company posted $0.38 earnings per share. As a group, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HE has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Wells Fargo & Company increased their price objective on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Jefferies Financial Group lifted their price objective on Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock a "hold" rating in a research report on Wednesday. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Finally, Barclays increased their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Hawaiian Electric Industries has a consensus rating of "Hold" and an average target price of $12.19.

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.