Wells Fargo & Company MN Increases Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Wells Fargo & Company MN grew its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 23.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 135,158 shares of the utilities provider's stock after acquiring an additional 25,750 shares during the period. Wells Fargo & Company MN owned about 0.08% of Hawaiian Electric Industries worth $1,315,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in shares of Hawaiian Electric Industries by 3.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider's stock worth $302,000 after purchasing an additional 1,080 shares during the period. Xponance Inc. raised its stake in Hawaiian Electric Industries by 10.9% during the fourth quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock worth $116,000 after buying an additional 1,171 shares during the last quarter. Diversified Trust Co lifted its holdings in Hawaiian Electric Industries by 2.9% in the fourth quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock valued at $403,000 after buying an additional 1,184 shares during the period. Jones Financial Companies Lllp boosted its position in 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 valued at $47,000 after acquiring an additional 1,889 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Hawaiian Electric Industries by 50.9% during 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. Institutional investors and hedge funds own 59.91% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on HE. Wells Fargo & Company upped their target price on 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. Barclays raised their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Jefferies Financial Group dropped 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 research report on Friday, January 3rd. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price target for the stock 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Stock Performance

Shares of Hawaiian Electric Industries stock traded down $0.01 during mid-day trading on Friday, hitting $10.22. 1,316,486 shares of the stock were exchanged, compared to its average volume of 3,456,555. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The company has a 50-day simple moving average of $10.54 and a 200 day simple moving average of $10.13. The company has a market capitalization of $1.76 billion, a P/E ratio of -0.86 and a beta of 0.51. 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 issued its quarterly earnings results on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). The business had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. Sell-side analysts anticipate 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.