Legal & General Group Plc Has $4.79 Million Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Legal & General Group Plc lifted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 492,238 shares of the utilities provider's stock after buying an additional 43,998 shares during the period. Legal & General Group Plc owned approximately 0.29% of Hawaiian Electric Industries worth $4,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HE. Invesco Ltd. grew its stake in shares of Hawaiian Electric Industries by 14.3% in the fourth quarter. Invesco Ltd. now owns 224,839 shares of the utilities provider's stock valued at $2,188,000 after buying an additional 28,141 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Hawaiian Electric Industries by 23.5% in 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 Hawaiian Electric Industries during the 4th quarter worth approximately $525,000. Bryce Point Capital LLC acquired a new stake in shares of Hawaiian Electric Industries during the 4th quarter valued at approximately $478,000. Finally, RFG Bristol Wealth Advisors LLC bought a new stake in Hawaiian Electric Industries during the fourth quarter valued at $286,000. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HE shares. Jefferies Financial Group decreased their price target on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating for the company in a report on Friday, January 3rd. Barclays raised their target price on 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. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Wells Fargo & Company increased their price objective on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Finally, StockNews.com cut shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Stock Down 2.8 %

HE stock traded down $0.29 during mid-day trading on Friday, hitting $10.07. The stock had a trading volume of 1,634,353 shares, compared to its average volume of 3,484,289. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -0.85 and a beta of 0.51. The company has a fifty day moving average of $10.60 and a 200 day moving average of $10.12. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. 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 posted its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). The business had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. On average, equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

About Hawaiian Electric Industries

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.