Hawaiian Electric Industries, Inc. (NYSE:HE) Stock Holdings Raised by Blue Trust Inc.

Blue Trust Inc. grew its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 203.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,078 shares of the utilities provider’s stock after purchasing an additional 2,062 shares during the quarter. Blue Trust Inc.’s holdings in Hawaiian Electric Industries were worth $30,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of HE. KBC Group NV boosted its holdings in Hawaiian Electric Industries by 34.8% in the third quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 1,021 shares during the period. Diversified Trust Co boosted its holdings in shares of Hawaiian Electric Industries by 2.9% in the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider’s stock valued at $403,000 after buying an additional 1,184 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Hawaiian Electric Industries by 5.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,775 shares of the utilities provider’s stock valued at $317,000 after buying an additional 1,775 shares during the last quarter. Choreo LLC raised its stake in Hawaiian Electric Industries by 15.5% during the fourth quarter. Choreo LLC now owns 16,190 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 2,173 shares during the period. Finally, Quarry LP lifted its holdings in Hawaiian Electric Industries by 156.6% in the third quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 2,748 shares during the last quarter. Institutional investors own 59.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Thursday. Barclays assumed coverage on Hawaiian Electric Industries in a research note on Thursday, February 6th. They set an “equal weight” rating and a $10.00 price objective for the company. Evercore ISI cut their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 19th. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group cut their price objective on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.75.

Hawaiian Electric Industries Trading Down 0.6 %

NYSE:HE opened at $10.72 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -0.91 and a beta of 0.53. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The business has a fifty day moving average of $9.62 and a 200-day moving average of $10.30.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19). The company had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. Equities 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.