Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Bought by Zimmer Partners LP

Zimmer Partners LP lifted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,202,552 shares of the utilities provider's stock after purchasing an additional 202,552 shares during the period. Hawaiian Electric Industries comprises 2.5% of Zimmer Partners LP's investment portfolio, making the stock its 13th biggest position. Zimmer Partners LP owned about 8.81% of Hawaiian Electric Industries worth $147,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Blue Trust Inc. grew its stake in Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 2,062 shares in the last quarter. R Squared Ltd purchased a new stake in Hawaiian Electric Industries during the 4th quarter valued at about $36,000. Comerica Bank grew its stake 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 acquiring an additional 1,715 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Hawaiian Electric Industries by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in Hawaiian Electric Industries by 816.0% during the 4th quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 4,651 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Trading Up 0.7%

Shares of Hawaiian Electric Industries stock traded up $0.07 during mid-day trading on Friday, hitting $10.62. The stock had a trading volume of 1,047,490 shares, compared to its average volume of 3,435,237. The firm has a 50-day moving average of $10.44 and a two-hundred day moving average of $10.18. 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 firm has a market cap of $1.83 billion, a P/E ratio of -0.90 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The firm had revenue of $744.07 million for the quarter. During the same quarter in the prior year, the company posted $0.38 earnings per share. Sell-side analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on HE. Barclays upped 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 research note on Tuesday, March 4th. 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. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price target for the company from $12.00 to $14.00 in a research note on Friday, March 7th. Finally, Wells Fargo & Company increased their price target on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.