PharVision Advisers LLC Buys New Shares in Hawaiian Electric Industries, Inc. (NYSE:HE)

PharVision Advisers LLC bought a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during 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 institutional investors and hedge funds have also recently added to or reduced their stakes in HE. Commonwealth Equity Services LLC lifted its holdings in shares of Hawaiian Electric Industries by 3.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider's stock valued at $302,000 after acquiring an additional 1,080 shares during the period. Xponance Inc. increased its position in shares of Hawaiian Electric Industries by 10.9% during the 4th quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock worth $116,000 after purchasing an additional 1,171 shares in the last quarter. Comerica Bank lifted its holdings in Hawaiian Electric Industries by 69.3% during the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 1,715 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Hawaiian Electric Industries by 63.9% in the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after buying an additional 1,889 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Hawaiian Electric Industries by 50.9% during the fourth quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after buying an additional 1,905 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors.

Hawaiian Electric Industries Price Performance

Shares of HE stock opened at $10.60 on Thursday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -0.90 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. The stock has a 50-day moving average price of $10.46 and a 200 day moving average price of $10.18.

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

Analysts Set New Price Targets

Several research analysts have recently commented on HE shares. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Wells Fargo & Company lifted their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Barclays increased their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Finally, StockNews.com upgraded shares of 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 given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.00.

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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