Mad River Investors Has $13.31 Million Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Mad River Investors grew its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 910.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,215,900 shares of the utilities provider's stock after purchasing an additional 1,095,600 shares during the period. Hawaiian Electric Industries makes up approximately 5.6% of Mad River Investors' holdings, making the stock its 4th biggest position. Mad River Investors owned 0.70% of Hawaiian Electric Industries worth $13,314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Hawaiian Electric Industries by 14.9% in 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 last quarter. Proficio Capital Partners LLC bought a new position in Hawaiian Electric Industries in the 4th quarter worth about $142,000. Raymond James Financial Inc. bought a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $342,000. Geode Capital Management LLC boosted its holdings in shares of Hawaiian Electric Industries by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider's stock valued at $38,208,000 after acquiring an additional 132,740 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Hawaiian Electric Industries by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider's stock valued at $177,397,000 after acquiring an additional 1,112,150 shares in the last quarter. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Up 0.2%

HE stock opened at $10.37 on Friday. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The firm has a market cap of $1.79 billion, a PE ratio of -0.80 and a beta of 0.64. The firm has a 50 day simple moving average of $10.49 and a 200 day simple moving average of $10.20. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.25 and a quick ratio of 1.25.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its earnings results on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Hawaiian Electric Industries had a negative net margin of 42.60% and a positive return on equity of 12.59%. The business had revenue of $744.07 million during the quarter. During the same period in the prior year, the company earned $0.38 earnings per share. Equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on HE shares. Evercore ISI upgraded 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 report on Friday, March 7th. 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 report on Tuesday, March 4th. Wall Street Zen upgraded shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Wells Fargo & Company increased their price objective on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group increased their price objective on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a report on Wednesday, May 28th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.

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