MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 13,933 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,424 shares of the utilities provider’s stock after purchasing an additional 13,933 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Hawaiian Electric Industries worth $1,016,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Blue Trust Inc. increased its stake in Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after buying an additional 2,062 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Hawaiian Electric Industries in the fourth quarter valued at about $36,000. Comerica Bank raised its holdings in Hawaiian Electric Industries by 69.3% during the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 1,715 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in Hawaiian Electric Industries by 816.0% during the fourth quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 4,651 shares during the last quarter. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Up 0.7%

HE stock opened at $10.62 on Monday. The business’s fifty day moving average price is $10.44 and its two-hundred day moving average price is $10.18. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -0.90 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. 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 (NYSE:HE) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates 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 quarter last year, the business earned $0.38 EPS. On average, equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Barclays upped their price target on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Wells Fargo & Company lifted their price objective on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Finally, Evercore ISI upgraded shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.00.

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.