PharVision Advisers LLC Takes $266,000 Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

PharVision Advisers LLC bought a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,327 shares of the utilities provider's stock, valued at approximately $266,000.

Several other large investors also recently bought and sold shares of HE. Barclays PLC grew its position in Hawaiian Electric Industries by 48.5% in the third quarter. Barclays PLC now owns 255,618 shares of the utilities provider's stock worth $2,475,000 after acquiring an additional 83,496 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Hawaiian Electric Industries by 92.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 313,035 shares of the utilities provider's stock valued at $3,046,000 after purchasing an additional 150,735 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Hawaiian Electric Industries by 422.4% in the 4th quarter. Westside Investment Management Inc. now owns 7,915 shares of the utilities provider's stock worth $77,000 after purchasing an additional 6,400 shares during the period. SG Americas Securities LLC increased its position in shares of Hawaiian Electric Industries by 29.8% during the 4th quarter. SG Americas Securities LLC now owns 48,475 shares of the utilities provider's stock valued at $472,000 after purchasing an additional 11,128 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Hawaiian Electric Industries during the 4th quarter valued at $178,000. Institutional investors own 59.91% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on HE. 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 raised their target price on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Barclays lifted their price target on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Trading Up 3.3%

HE traded up $0.35 during trading hours on Tuesday, reaching $10.96. 585,961 shares of the company's stock traded hands, compared to its average volume of 3,423,908. The firm has a 50-day moving average price of $10.43 and a 200 day moving average price of $10.18. The firm has a market capitalization of $1.89 billion, a PE ratio of -0.93 and a beta of 0.64. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. 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 released its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. During the same quarter last year, the business posted $0.38 earnings per share. As a group, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS 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.