35,152 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,152 shares of the utilities provider's stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HE. Barclays PLC lifted its stake in Hawaiian Electric Industries by 48.5% during the third quarter. Barclays PLC now owns 255,618 shares of the utilities provider's stock worth $2,475,000 after purchasing an additional 83,496 shares during the period. Diversified Trust Co raised its stake in shares of Hawaiian Electric Industries by 2.9% in the fourth quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock valued at $403,000 after acquiring an additional 1,184 shares during the last quarter. Brookstone Capital Management bought a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $101,000. FNY Investment Advisers LLC bought a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $119,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Hawaiian Electric Industries by 92.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 313,035 shares of the utilities provider's stock valued at $3,046,000 after acquiring an additional 150,735 shares during the last quarter. Institutional investors own 59.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HE shares. Wells Fargo & Company boosted 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 research report on Thursday, February 27th. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. StockNews.com upgraded shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday. Finally, Barclays boosted their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hawaiian Electric Industries has an average rating of "Hold" and a consensus price target of $12.00.

Hawaiian Electric Industries Trading Up 1.0%

HE stock traded up $0.10 during trading on Thursday, hitting $10.43. The company had a trading volume of 795,781 shares, compared to its average volume of 3,420,470. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average price of $10.52 and a 200-day moving average price of $10.16. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. During the same quarter in the previous year, the firm posted $0.38 EPS. As a group, analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

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.