Invesco Ltd. Buys 28,141 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Invesco Ltd. grew its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,839 shares of the utilities provider's stock after purchasing an additional 28,141 shares during the period. Invesco Ltd. owned approximately 0.13% of Hawaiian Electric Industries worth $2,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Hawaiian Electric Industries by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 135,158 shares of the utilities provider's stock valued at $1,315,000 after buying an additional 25,750 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $525,000. Bryce Point Capital LLC bought a new stake in Hawaiian Electric Industries during the fourth quarter worth $478,000. RFG Bristol Wealth Advisors LLC bought a new position in Hawaiian Electric Industries during the 4th quarter valued at $286,000. Finally, Trexquant Investment LP bought a new stake in shares of Hawaiian Electric Industries in the 4th quarter worth $455,000. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Performance

NYSE:HE traded up $0.27 during trading hours on Monday, reaching $10.48. The stock had a trading volume of 177,841 shares, compared to its average volume of 2,716,727. The stock has a market cap of $1.81 billion, a P/E ratio of -0.89 and a beta of 0.64. The stock has a 50 day simple moving average of $10.54 and a 200 day simple moving average of $10.13. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). 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 $799.18 million for the quarter. On average, research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HE has been the subject of several analyst reports. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $12.00 to $14.00 in a research note on Friday, March 7th. Barclays lifted their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. One equities research 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.