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

International Assets Investment Management LLC grew its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 1,439.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,867 shares of the utilities provider’s stock after acquiring an additional 169,121 shares during the period. International Assets Investment Management LLC’s holdings in Hawaiian Electric Industries were worth $2,567,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HE. UMB Bank n.a. acquired a new stake in Hawaiian Electric Industries during the 3rd quarter worth about $27,000. Lazard Asset Management LLC acquired a new stake in Hawaiian Electric Industries during the 2nd quarter worth about $34,000. Newbridge Financial Services Group Inc. acquired a new stake in Hawaiian Electric Industries during the 3rd quarter worth about $35,000. MUFG Americas Holdings Corp acquired a new stake in Hawaiian Electric Industries during the 3rd quarter worth about $39,000. Finally, Comerica Bank acquired a new stake in Hawaiian Electric Industries during the 3rd quarter worth about $40,000. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HE shares. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday. Evercore ISI upped their price target on Hawaiian Electric Industries from $7.00 to $11.00 and gave the stock 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.50.

Hawaiian Electric Industries Trading Up 4.6 %

NYSE HE opened at $10.22 on Friday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 5.64 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a 52 week low of $8.74 and a 52 week high of $40.16. The business has a 50 day moving average price of $11.61 and a 200-day moving average price of $12.66. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 1.21.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.48 EPS for the quarter, meeting the consensus estimate 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 was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, equities 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.