Hawaiian Electric Industries, Inc. (NYSE:HE) Stock Position Decreased by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lowered its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 91.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208,752 shares of the utilities provider's stock after selling 2,152,073 shares during the quarter. Alyeska Investment Group L.P. owned 0.12% of Hawaiian Electric Industries worth $2,031,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HE. Barclays PLC increased its position in shares of Hawaiian Electric Industries by 48.5% in the third quarter. Barclays PLC now owns 255,618 shares of the utilities provider's stock valued at $2,475,000 after buying an additional 83,496 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of 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 valued at $27,499,000 after acquiring an additional 2,362,863 shares during the last quarter. Diversified Trust Co lifted its holdings in Hawaiian Electric Industries by 2.9% in the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock valued at $403,000 after purchasing an additional 1,184 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Hawaiian Electric Industries during the fourth quarter worth about $101,000. Finally, FNY Investment Advisers LLC purchased a new stake in Hawaiian Electric Industries in the 4th quarter worth approximately $119,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Price Performance

NYSE:HE traded up $0.32 during midday trading on Monday, hitting $10.81. 883,946 shares of the stock were exchanged, compared to its average volume of 3,435,730. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average price of $10.51 and a two-hundred day moving average price of $10.15. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -0.91 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. The business had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. During the same quarter last year, the business earned $0.38 EPS. Sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Evercore ISI raised shares of 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. StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Wells Fargo & Company raised their price target 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. Finally, Barclays raised their target price on 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.00.

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.