American Century Companies Inc. Increases Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

American Century Companies Inc. grew its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,049 shares of the utilities provider’s stock after buying an additional 21,584 shares during the period. American Century Companies Inc. owned 0.16% of Hawaiian Electric Industries worth $1,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Hawaiian Electric Industries by 31.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,265 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 3,156 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Hawaiian Electric Industries in the first quarter worth about $42,000. State Board of Administration of Florida Retirement System grew its holdings in Hawaiian Electric Industries by 18.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 156,734 shares of the utilities provider’s stock worth $1,766,000 after acquiring an additional 24,328 shares during the period. Vanguard Group Inc. boosted its position in Hawaiian Electric Industries by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 11,059,244 shares of the utilities provider’s stock worth $124,638,000 after purchasing an additional 160,815 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Hawaiian Electric Industries by 470.4% during the 1st quarter. Acadian Asset Management LLC now owns 10,780 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 8,890 shares during the period. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HE has been the subject of several research analyst reports. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Evercore ISI lowered their price target on shares of Hawaiian Electric Industries from $16.00 to $9.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company raised Hawaiian Electric Industries from an “underweight” rating to an “equal weight” rating and set a $14.00 target price for the company in a research note on Friday, August 23rd.

Hawaiian Electric Industries Stock Performance

Shares of HE stock opened at $9.95 on Monday. The stock has a 50 day simple moving average of $12.94 and a 200-day simple moving average of $11.34. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 5.89 and a beta of 0.55. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 2.62.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings data on Friday, August 9th. The utilities provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). Hawaiian Electric Industries had a positive return on equity of 10.69% and a negative net margin of 31.76%. The company had revenue of $792.30 million for the quarter. Hawaiian Electric Industries’s revenue was down .2% on a year-over-year basis.

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.