Marshall Wace LLP Sells 2,464,949 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Marshall Wace LLP lowered its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 84.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 440,890 shares of the utilities provider's stock after selling 2,464,949 shares during the quarter. Marshall Wace LLP owned about 0.26% of Hawaiian Electric Industries worth $4,290,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL boosted its stake in Hawaiian Electric Industries by 116.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 149,100 shares of the utilities provider's stock valued at $1,451,000 after purchasing an additional 80,300 shares in the last quarter. Jump Financial LLC bought a new position in Hawaiian Electric Industries during the fourth quarter valued at about $1,207,000. Guggenheim Capital LLC grew its holdings in Hawaiian Electric Industries by 36.3% during the fourth quarter. Guggenheim Capital LLC now owns 29,901 shares of the utilities provider's stock worth $291,000 after acquiring an additional 7,958 shares during the period. Barclays PLC raised its position in Hawaiian Electric Industries by 11.1% in the fourth quarter. Barclays PLC now owns 283,923 shares of the utilities provider's stock worth $2,763,000 after acquiring an additional 28,305 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in 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 acquiring an additional 4,651 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company's stock.

Analyst Upgrades and Downgrades

HE has been the topic of several recent research reports. Jefferies Financial Group lowered their price objective on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating on the stock in a research note on Friday, January 3rd. Barclays upped their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. StockNews.com lowered Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. 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 report on Thursday, February 27th. Finally, Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and upped their target price for the company from $12.00 to $14.00 in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.00.

Hawaiian Electric Industries Price Performance

Shares of HE remained flat at $10.50 during mid-day trading on Wednesday. The stock had a trading volume of 1,952,380 shares, compared to its average volume of 3,458,456. 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 one year low of $7.61 and a one year high of $18.19. The company has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $10.13. The company has a market cap of $1.81 billion, a P/E ratio of -0.89 and a beta of 0.51.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced 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). 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, analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current 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.