Voya Investment Management LLC Increases Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Voya Investment Management LLC boosted its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 620.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 395,360 shares of the utilities provider's stock after purchasing an additional 340,496 shares during the period. Voya Investment Management LLC owned about 0.23% of Hawaiian Electric Industries worth $3,847,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HE. Commonwealth Equity Services LLC raised its position in Hawaiian Electric Industries by 3.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider's stock worth $302,000 after acquiring an additional 1,080 shares during the period. Xponance Inc. boosted its position in shares of Hawaiian Electric Industries by 10.9% during the 4th quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock valued at $116,000 after acquiring an additional 1,171 shares during the last quarter. Diversified Trust Co lifted its stake in Hawaiian Electric Industries by 2.9% during the fourth quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock worth $403,000 after purchasing an additional 1,184 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Hawaiian Electric Industries by 63.9% in the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after buying an additional 1,889 shares in the last quarter. Finally, Amalgamated Bank raised its position in Hawaiian Electric Industries by 50.9% in the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after purchasing an additional 1,905 shares during the period. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Trading Up 1.3 %

Hawaiian Electric Industries stock traded up $0.14 during mid-day trading on Monday, reaching $10.35. 1,545,091 shares of the company traded hands, compared to its average volume of 3,448,909. 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, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -0.87 and a beta of 0.64. The firm's 50 day moving average price is $10.54 and its 200 day moving average price is $10.13.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The company had revenue of $799.18 million during the quarter. On average, analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Wells Fargo & Company raised their price target 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. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $12.00 to $14.00 in a research note on Friday, March 7th. Finally, Barclays raised their target price on 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. 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 MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.00.

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.