California State Teachers Retirement System Has $1.50 Million Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

California State Teachers Retirement System increased its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 47.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,806 shares of the utilities provider’s stock after acquiring an additional 49,366 shares during the period. California State Teachers Retirement System owned about 0.09% of Hawaiian Electric Industries worth $1,497,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HE. Blue Trust Inc. grew its holdings in shares of Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 2,062 shares in the last quarter. Comerica Bank raised its holdings in shares of 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 boosted its position 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 valued at $47,000 after purchasing an additional 1,889 shares during the last quarter. 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. Finally, Amalgamated Bank grew its stake in Hawaiian Electric Industries by 50.9% in the fourth quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 1,905 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Down 0.2%

Shares of HE stock opened at $10.45 on Monday. The stock’s 50 day simple moving average is $10.36 and its 200 day simple moving average is $10.20. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64.

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, meeting analysts’ consensus estimates of $0.23. The company had revenue of $744.07 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. During the same period in the prior year, the business earned $0.38 EPS. As a group, research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group raised their price target on Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock a “hold” rating in a research note on Wednesday, May 28th. Evercore ISI upgraded Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Wall Street Zen raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Wells Fargo & Company lifted their target price on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Barclays increased 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 note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.19.

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.