Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Sold by Newtyn Management LLC

Newtyn Management LLC lowered its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 75.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 700,000 shares of the utilities provider's stock after selling 2,182,512 shares during the quarter. Hawaiian Electric Industries comprises approximately 1.2% of Newtyn Management LLC's investment portfolio, making the stock its 25th largest holding. Newtyn Management LLC owned about 0.41% of Hawaiian Electric Industries worth $6,811,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Hawaiian Electric Industries by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider's stock worth $177,397,000 after purchasing an additional 1,112,150 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of Hawaiian Electric Industries during the 4th quarter valued at approximately $115,010,000. Geode Capital Management LLC lifted its position in shares of Hawaiian Electric Industries by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider's stock valued at $38,208,000 after buying an additional 132,740 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Hawaiian Electric Industries by 14.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider's stock valued at $33,778,000 after buying an additional 449,873 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC purchased a new position in Hawaiian Electric Industries in the 4th quarter valued at $23,153,000. Institutional investors and hedge funds own 59.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HE. Wells Fargo & Company raised their price objective on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. StockNews.com raised Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Barclays lifted their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Stock Down 0.2%

Shares of HE traded down $0.03 during midday trading on Monday, hitting $10.60. The company had a trading volume of 376,281 shares, compared to its average volume of 3,424,518. The company's 50-day simple moving average is $10.48 and its 200-day simple moving average is $10.17. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $1.83 billion, a P/E ratio of -0.90 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 in the previous year, the business posted $0.38 EPS. As a group, sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

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.