53,938 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 53,938 shares of the utilities provider's stock, valued at approximately $525,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HE. Blue Trust Inc. grew its holdings in Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 2,062 shares in the last quarter. R Squared Ltd purchased a new position in Hawaiian Electric Industries in the 4th quarter valued at about $36,000. Quarry LP boosted its position in Hawaiian Electric Industries by 156.6% in the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider's stock valued at $44,000 after buying an additional 2,748 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Hawaiian Electric Industries by 50.9% during the fourth quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after acquiring an additional 1,905 shares during the last quarter. Institutional investors and hedge funds own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Performance

Shares of HE stock traded up $0.09 on Friday, hitting $9.52. 628,222 shares of the stock traded hands, compared to its average volume of 3,543,798. The company's fifty day moving average is $10.54 and its 200 day moving average is $10.08. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19. The company has a market capitalization of $1.64 billion, a PE ratio of -0.80 and a beta of 0.51. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its 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 business had revenue of $799.18 million for the quarter. On average, equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on HE. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price target for the company from $12.00 to $14.00 in a report on Friday, March 7th. Jefferies Financial Group reduced their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating for the company in a research note on Friday, January 3rd. Barclays lifted their price target on shares of 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 increased 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 research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. One 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 stock currently has a consensus rating of "Hold" and a consensus price target 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.