Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 116.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,100 shares of the utilities provider's stock after purchasing an additional 80,300 shares during the period. Gamco Investors INC. ET AL owned approximately 0.09% of Hawaiian Electric Industries worth $1,451,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of Hawaiian Electric Industries in the 3rd quarter worth about $821,000. Franklin Resources Inc. boosted its position in shares of Hawaiian Electric Industries by 656.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock worth $27,499,000 after buying an additional 2,362,863 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Hawaiian Electric Industries by 14.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider's stock worth $33,778,000 after buying an additional 449,873 shares in the last quarter. Mad River Investors purchased a new position in Hawaiian Electric Industries in the 4th quarter valued at about $1,171,000. Finally, Proficio Capital Partners LLC purchased a new position in Hawaiian Electric Industries in the 4th quarter valued at about $142,000. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating on the stock in a report on Friday, January 3rd. Barclays upped their target price on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Wells Fargo & Company upped their target price on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and upped their target price for the company from $12.00 to $14.00 in a report on Friday, March 7th. Finally, StockNews.com lowered shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Stock Up 0.7 %

Hawaiian Electric Industries stock traded up $0.08 during midday trading on Thursday, hitting $10.39. 306,270 shares of the stock were exchanged, compared to its average volume of 3,480,769. The company has a 50 day moving average price of $10.60 and a two-hundred day moving average price of $10.11. The firm has a market cap of $1.79 billion, a P/E ratio of -0.88 and a beta of 0.51. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). The company had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. On average, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal 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.