Mercer Global Advisors Inc. ADV Purchases Shares of 11,034 Hawaiian Electric Industries, Inc. (NYSE:HE)

Mercer Global Advisors Inc. ADV purchased a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,034 shares of the utilities provider’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HE. Commonwealth Equity Services LLC grew its holdings in shares of Hawaiian Electric Industries by 3.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider’s stock worth $302,000 after purchasing an additional 1,080 shares during the period. Xponance Inc. grew its holdings 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 worth $116,000 after purchasing an additional 1,171 shares during the period. Comerica Bank grew its holdings in shares of Hawaiian Electric Industries by 69.3% during the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 1,715 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Hawaiian Electric Industries by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 1,889 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Hawaiian Electric Industries by 50.9% during 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. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HE shares. Barclays boosted their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Wells Fargo & Company boosted their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Finally, Evercore ISI raised Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Hawaiian Electric Industries has an average rating of “Hold” and an average target price of $12.00.

Hawaiian Electric Industries Stock Performance

Hawaiian Electric Industries stock opened at $10.61 on Friday. The stock’s 50 day moving average price is $10.48 and its 200 day moving average price is $10.17. The firm has a market capitalization of $1.83 billion, a PE ratio of -0.90 and a beta of 0.64. 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 one year low of $7.61 and a one year high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $744.07 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. During the same period last year, the firm posted $0.38 earnings per share. As a group, sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal 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.