Hawaiian Electric Industries, Inc. (NYSE:HE) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,925,882 shares of the utilities provider's stock after purchasing an additional 132,740 shares during the quarter. Geode Capital Management LLC owned 2.28% of Hawaiian Electric Industries worth $38,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HE. 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 worth $30,000 after buying an additional 2,062 shares during the last quarter. R Squared Ltd acquired a new position in shares of Hawaiian Electric Industries during the fourth quarter valued at $36,000. Jones Financial Companies Lllp grew its position in shares of Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after acquiring an additional 1,889 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Hawaiian Electric Industries by 50.9% in the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after acquiring an additional 1,905 shares during the period. Finally, Westside Investment Management Inc. lifted its position in Hawaiian Electric Industries by 422.4% in the 4th quarter. Westside Investment Management Inc. now owns 7,915 shares of the utilities provider's stock valued at $77,000 after purchasing an additional 6,400 shares during the last quarter. Institutional investors and hedge funds own 59.91% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HE. Evercore ISI upgraded shares of 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 research note on Friday, March 7th. Jefferies Financial Group cut their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating on the stock in a research note on Friday, January 3rd. StockNews.com cut Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Barclays lifted 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. Finally, Wells Fargo & Company raised 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 research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Price Performance

Shares of HE traded up $0.09 during midday trading on Friday, reaching $10.44. The stock had a trading volume of 1,821,871 shares, compared to its average volume of 3,508,008. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $1.80 billion, a P/E ratio of -0.88 and a beta of 0.51. The firm's 50 day moving average price is $10.61 and its 200-day moving average price is $10.10. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19.

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

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.