Teacher Retirement System of Texas Makes New $275,000 Investment in Hawaiian Electric Industries, Inc. (NYSE:HE)

Teacher Retirement System of Texas acquired a new position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,137 shares of the utilities provider's stock, valued at approximately $275,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. purchased a new position in Hawaiian Electric Industries in the fourth quarter valued at approximately $115,010,000. Two Sigma Investments LP grew its holdings in Hawaiian Electric Industries by 165.6% in the 4th quarter. Two Sigma Investments LP now owns 2,043,726 shares of the utilities provider's stock valued at $19,885,000 after buying an additional 1,274,119 shares during the last quarter. Vanguard Group Inc. raised its position in 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 worth $177,397,000 after purchasing an additional 1,112,150 shares in the last quarter. Mad River Investors lifted its position in Hawaiian Electric Industries by 910.7% during the 1st quarter. Mad River Investors now owns 1,215,900 shares of the utilities provider's stock worth $13,314,000 after buying an additional 1,095,600 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Hawaiian Electric Industries by 196.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,222,532 shares of the utilities provider's stock valued at $11,895,000 after purchasing an additional 809,601 shares during the period. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on HE shares. Barclays reduced their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Jefferies Financial Group boosted their target price 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. Finally, Wall Street Zen upgraded shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $11.94.

Hawaiian Electric Industries Trading Up 1.4%

Shares of Hawaiian Electric Industries stock traded up $0.15 during trading hours on Monday, hitting $10.89. The company's stock had a trading volume of 1,524,087 shares, compared to its average volume of 3,012,193. The business has a fifty day moving average of $10.64 and a 200 day moving average of $10.30. The company has a market capitalization of $1.88 billion, a PE ratio of -0.84 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a 1-year low of $8.14 and a 1-year high of $17.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.77.

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 for the quarter, meeting analysts' consensus estimates 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 for the quarter. During the same period in the previous year, the firm earned $0.38 EPS. As a group, equities analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

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.