American Century Companies Inc. Increases Holdings in Hawaiian Electric Industries, Inc. $HE

American Century Companies Inc. grew its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 19.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,865 shares of the utilities provider’s stock after acquiring an additional 44,205 shares during the period. American Century Companies Inc. owned about 0.16% of Hawaiian Electric Industries worth $2,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in HE. Two Sigma Investments LP lifted its position in shares of Hawaiian Electric Industries by 165.6% in the fourth quarter. Two Sigma Investments LP now owns 2,043,726 shares of the utilities provider’s stock valued at $19,885,000 after acquiring an additional 1,274,119 shares in the last quarter. Mad River Investors lifted its position in shares of Hawaiian Electric Industries by 910.7% in the first quarter. Mad River Investors now owns 1,215,900 shares of the utilities provider’s stock valued at $13,314,000 after acquiring an additional 1,095,600 shares in the last quarter. Congress Asset Management Co. purchased a new position in shares of Hawaiian Electric Industries in the first quarter valued at about $8,359,000. Foundry Partners LLC purchased a new position in shares of Hawaiian Electric Industries in the first quarter valued at about $6,905,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Hawaiian Electric Industries in the fourth quarter valued at about $5,680,000. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HE shares. Barclays decreased their target price on Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Wall Street Zen upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Finally, Jefferies Financial Group boosted their target price 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. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Hawaiian Electric Industries presently has a consensus rating of “Hold” and a consensus target price of $11.94.

Hawaiian Electric Industries Trading Up 0.6%

Shares of HE stock opened at $12.97 on Monday. Hawaiian Electric Industries, Inc. has a 1 year low of $8.14 and a 1 year high of $13.41. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $11.11 and its two-hundred day simple moving average is $10.75. The company has a market cap of $2.24 billion, a PE ratio of -12.84 and a beta of 0.69.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The company had revenue of $746.39 million for the quarter. Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. Research 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.