Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,191 shares of the utilities provider’s stock after purchasing an additional 2,877 shares during the quarter. Rhumbline Advisers owned 0.15% of Hawaiian Electric Industries worth $2,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its position 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 acquiring an additional 1,080 shares in the last quarter. Xponance Inc. boosted its position 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 acquiring an additional 1,171 shares in the last quarter. Comerica Bank boosted its position 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 acquiring an additional 1,715 shares in the last quarter. Jones Financial Companies Lllp boosted its position 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 acquiring an additional 1,889 shares in the last quarter. Finally, Amalgamated Bank boosted its position 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 acquiring an additional 1,905 shares in the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock a “hold” rating in a research report on Wednesday, May 28th. Evercore ISI upgraded shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $12.00 to $14.00 in a research report on Friday, March 7th. Barclays increased their target price on 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. Wall Street Zen raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company raised their price objective on 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.19.

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE opened at $10.50 on Monday. The business’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $10.20. The stock has a market cap of $1.81 billion, a PE ratio of -0.89 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 posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The business had revenue of $744.07 million for the quarter. During the same quarter last year, the business earned $0.38 EPS. On average, analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

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.