Jefferies Financial Group Inc. Invests $5.68 Million in Hawaiian Electric Industries, Inc. (NYSE:HE)

Jefferies Financial Group Inc. purchased a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 583,800 shares of the utilities provider's stock, valued at approximately $5,680,000. Jefferies Financial Group Inc. owned about 0.34% of Hawaiian Electric Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its position in Hawaiian Electric Industries by 203.0% during the fourth quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 2,062 shares during the last quarter. R Squared Ltd bought a new position in shares of Hawaiian Electric Industries in the fourth quarter worth approximately $36,000. Comerica Bank grew its holdings in shares of Hawaiian Electric Industries by 69.3% in the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock worth $41,000 after purchasing an additional 1,715 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Hawaiian Electric Industries by 63.9% in the fourth 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, Sterling Capital Management LLC grew its holdings in shares of Hawaiian Electric Industries by 816.0% in the fourth quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock worth $51,000 after purchasing an additional 4,651 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors.

Hawaiian Electric Industries Trading Up 0.1%

HE stock traded up $0.02 on Friday, reaching $10.61. The company's stock had a trading volume of 2,315,724 shares, compared to its average volume of 3,436,671. The business has a fifty day simple moving average of $10.48 and a two-hundred day simple moving average of $10.17. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19. The firm has a market cap of $1.83 billion, a PE ratio of -0.90 and a beta of 0.64. 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 (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 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 period in the prior year, the business posted $0.38 EPS. As a group, research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analysts Forecast Growth

HE has been the topic of several recent analyst reports. StockNews.com upgraded shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Barclays raised their price target 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. Wells Fargo & Company raised their price target 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. Finally, Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries 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.