UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.49 Million Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,045 shares of the utilities provider's stock after purchasing an additional 88,686 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Hawaiian Electric Industries worth $3,494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HE. Voloridge Investment Management LLC grew its position in shares of Hawaiian Electric Industries by 22.6% in the 4th quarter. Voloridge Investment Management LLC now owns 2,398,817 shares of the utilities provider's stock valued at $23,340,000 after acquiring an additional 442,504 shares during the period. Zimmer Partners LP lifted its stake in Hawaiian Electric Industries by 1.4% in the 4th quarter. Zimmer Partners LP now owns 15,202,552 shares of the utilities provider's stock valued at $147,921,000 after purchasing an additional 202,552 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Hawaiian Electric Industries by 31.5% in the 4th quarter. Two Sigma Advisers LP now owns 963,700 shares of the utilities provider's stock valued at $9,377,000 after purchasing an additional 230,900 shares during the last quarter. Two Sigma Investments LP grew its holdings in Hawaiian Electric Industries by 165.6% during the fourth quarter. Two Sigma Investments LP now owns 2,043,726 shares of the utilities provider's stock worth $19,885,000 after purchasing an additional 1,274,119 shares during the period. Finally, Sagefield Capital LP acquired a new position in Hawaiian Electric Industries during the fourth quarter worth approximately $1,215,000. Institutional investors and hedge funds own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Performance

NYSE:HE traded down $0.02 during mid-day trading on Friday, hitting $10.45. 1,177,278 shares of the stock were exchanged, compared to its average volume of 3,446,414. The firm's 50-day simple moving average is $10.36 and its 200 day simple moving average is $10.20. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $744.07 million for 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 in the previous year, the business earned $0.38 EPS. As a group, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HE shares. Wall Street Zen raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Barclays boosted their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price target for the company from $12.00 to $14.00 in a report on Friday, March 7th. Jefferies Financial Group lifted their price objective 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. Finally, 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 research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.19.

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.