Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 88.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 64,476 shares of the utilities provider's stock after buying an additional 30,244 shares during the quarter. Hsbc Holdings PLC's holdings in Hawaiian Electric Industries were worth $633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC raised 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 acquiring an additional 1,080 shares in the last quarter. Xponance Inc. boosted its holdings in Hawaiian Electric Industries by 10.9% in the fourth quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock worth $116,000 after acquiring an additional 1,171 shares in the last quarter. Diversified Trust Co grew its stake in shares of Hawaiian Electric Industries by 2.9% in the fourth quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock worth $403,000 after acquiring an additional 1,184 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Hawaiian Electric Industries by 63.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Hawaiian Electric Industries by 50.9% in the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after purchasing an additional 1,905 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company's stock.

Wall Street Analyst Weigh In

HE has been the subject of several research reports. Wells Fargo & Company boosted their price objective 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. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. StockNews.com lowered shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Finally, Barclays increased 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Trading Up 0.8%

HE stock traded up $0.08 during trading on Friday, hitting $10.50. The company had a trading volume of 1,958,526 shares, compared to its average volume of 3,445,486. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The company has a 50 day simple moving average of $10.51 and a 200-day simple moving average of $10.15. The firm has a market capitalization of $1.81 billion, a P/E ratio of -0.89 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The company had revenue of $744.07 million for the quarter. During the same quarter in the previous year, the company earned $0.38 earnings per share. As a group, research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal 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.