International Assets Investment Management LLC Has $2.57 Million Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

International Assets Investment Management LLC grew its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 1,439.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 180,867 shares of the utilities provider's stock after purchasing an additional 169,121 shares during the quarter. International Assets Investment Management LLC owned approximately 0.16% of Hawaiian Electric Industries worth $2,567,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Raymond James & Associates raised its position in shares of Hawaiian Electric Industries by 7.5% in the 1st quarter. Raymond James & Associates now owns 15,301 shares of the utilities provider's stock worth $647,000 after buying an additional 1,065 shares during the period. American Century Companies Inc. increased its stake in Hawaiian Electric Industries by 17.8% during the first quarter. American Century Companies Inc. now owns 15,808 shares of the utilities provider's stock worth $669,000 after acquiring an additional 2,388 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in Hawaiian Electric Industries during the first quarter worth about $465,000. Bank of Montreal Can increased its stake in Hawaiian Electric Industries by 3.0% during the first quarter. Bank of Montreal Can now owns 13,673 shares of the utilities provider's stock worth $584,000 after acquiring an additional 403 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Hawaiian Electric Industries during the first quarter worth about $757,000. Hedge funds and other institutional investors own 59.91% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com upgraded Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday. Evercore ISI increased their target price on Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an "in-line" rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $11.50.

Hawaiian Electric Industries Stock Up 7.0 %

Shares of HE stock traded up $0.71 during trading hours on Friday, reaching $10.92. The company had a trading volume of 3,159,896 shares, compared to its average volume of 2,428,493. The company has a market capitalization of $1.20 billion, a P/E ratio of 6.03 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a twelve month low of $8.74 and a twelve month high of $40.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.13 and a current ratio of 0.13. The stock's fifty day simple moving average is $11.61 and its 200 day simple moving average is $12.66.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $0.48 EPS for the quarter, meeting analysts' consensus estimates of $0.48. The firm had revenue of $961.40 million during the quarter. Hawaiian Electric Industries had a return on equity of 9.99% and a net margin of 5.45%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. As a group, sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.98 earnings per share 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.