Kingswood Wealth Advisors LLC Purchases New Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Kingswood Wealth Advisors LLC purchased a new position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 168,007 shares of the utilities provider's stock, valued at approximately $1,840,000. Kingswood Wealth Advisors LLC owned about 0.10% of Hawaiian Electric Industries as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. raised its position in shares of Hawaiian Electric Industries by 203.0% in the fourth quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock valued at $30,000 after buying an additional 2,062 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in 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 last quarter. Comerica Bank raised its holdings in 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 last quarter. Byrne Asset Management LLC raised its holdings in Hawaiian Electric Industries by 34.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,887 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 987 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in 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 acquiring an additional 1,889 shares during the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays upped their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $12.00 to $14.00 in a research note on Friday, March 7th. Wall Street Zen raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Wells Fargo & Company upped their price target on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group upped their price target on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock a "hold" rating in a research 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. According to data from MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of "Hold" and a consensus target price of $12.19.

Hawaiian Electric Industries Trading Up 0.2%

NYSE:HE traded up $0.03 on Friday, hitting $10.37. 1,865,888 shares of the stock were exchanged, compared to its average volume of 3,420,559. The stock has a market cap of $1.79 billion, a PE ratio of -0.80 and a beta of 0.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.77. The stock has a fifty day moving average of $10.49 and a 200-day moving average of $10.20. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. The firm had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a negative net margin of 42.60% and a positive return on equity of 12.59%. During the same period last year, the company posted $0.38 EPS. As a group, equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

About Hawaiian Electric Industries

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.