Tower Research Capital LLC TRC Has $537,000 Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Tower Research Capital LLC TRC grew its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 191.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 55,141 shares of the utilities provider's stock after purchasing an additional 36,190 shares during the quarter. Tower Research Capital LLC TRC's holdings in Hawaiian Electric Industries were worth $537,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC boosted its holdings in Hawaiian Electric Industries by 3.4% during the fourth quarter. MetLife Investment Management LLC now owns 98,268 shares of the utilities provider's stock worth $956,000 after buying an additional 3,277 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hawaiian Electric Industries by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,052,117 shares of the utilities provider's stock worth $10,237,000 after purchasing an additional 126,614 shares during the period. Farringdon Capital Ltd. purchased a new stake in shares of Hawaiian Electric Industries during the fourth quarter valued at $153,000. Gamco Investors INC. ET AL boosted its position in shares of Hawaiian Electric Industries by 116.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 149,100 shares of the utilities provider's stock valued at $1,451,000 after purchasing an additional 80,300 shares during the period. Finally, Jump Financial LLC purchased a new position in Hawaiian Electric Industries in the 4th quarter worth about $1,207,000. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Down 2.6 %

HE traded down $0.27 during trading on Thursday, reaching $10.23. 1,954,420 shares of the stock traded hands, compared to its average volume of 3,452,501. The stock's 50-day simple moving average is $10.57 and its two-hundred day simple moving average is $10.13. 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, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -0.86 and a beta of 0.51.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced 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). The firm had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. As a group, equities research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on HE shares. Wells Fargo & Company raised their target price on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Barclays boosted 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 research note on Tuesday, March 4th. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Jefferies Financial Group lowered their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating on the stock in a report on Friday, January 3rd. Finally, StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. One 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average 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.