Tower Research Capital LLC TRC Buys 36,190 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Tower Research Capital LLC TRC increased its holdings 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 13F filing with the SEC. The institutional investor owned 55,141 shares of the utilities provider's stock after acquiring an additional 36,190 shares during the period. Tower Research Capital LLC TRC's holdings in Hawaiian Electric Industries were worth $537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HE. Barclays PLC raised its stake in Hawaiian Electric Industries by 48.5% during the third quarter. Barclays PLC now owns 255,618 shares of the utilities provider's stock worth $2,475,000 after acquiring an additional 83,496 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Hawaiian Electric Industries during the 3rd quarter worth about $821,000. Sanctuary Advisors LLC bought a new position in Hawaiian Electric Industries during the 3rd quarter valued at about $112,000. Peapack Gladstone Financial Corp acquired a new position in Hawaiian Electric Industries in the third quarter valued at about $184,000. Finally, Franklin Resources Inc. grew its stake in Hawaiian Electric Industries by 656.7% during the third 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 during the last quarter. Institutional investors own 59.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HE shares. Wells Fargo & Company boosted their target price on 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 price objective on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. StockNews.com cut Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Finally, Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $12.00 to $14.00 in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Hawaiian Electric Industries presently has a consensus rating of "Hold" and an average target price of $12.00.

Hawaiian Electric Industries Trading Down 0.1 %

Shares of NYSE HE traded down $0.01 during midday trading on Friday, hitting $10.22. The stock had a trading volume of 1,316,486 shares, compared to its average volume of 3,456,555. The firm has a market cap of $1.76 billion, a P/E ratio of -0.86 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week 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. The company's 50-day simple moving average is $10.54 and its 200 day simple moving average is $10.13.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $799.18 million during the quarter. Research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current 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.