Alliancebernstein L.P. Has $1.64 Million Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Alliancebernstein L.P. lifted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 45.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,930 shares of the utilities provider's stock after purchasing an additional 52,580 shares during the period. Alliancebernstein L.P. owned 0.10% of Hawaiian Electric Industries worth $1,644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. boosted its stake 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 worth $30,000 after acquiring an additional 2,062 shares during the last quarter. R Squared Ltd bought a new stake in shares of Hawaiian Electric Industries during the 4th quarter worth approximately $36,000. Jones Financial Companies Lllp increased its holdings in 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. Amalgamated Bank increased its holdings in shares of Hawaiian Electric Industries by 50.9% in the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock valued at $55,000 after acquiring an additional 1,905 shares during the period. Finally, Westside Investment Management Inc. raised its position in shares of Hawaiian Electric Industries by 422.4% in the 4th quarter. Westside Investment Management Inc. now owns 7,915 shares of the utilities provider's stock valued at $77,000 after purchasing an additional 6,400 shares during the last quarter. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Trading Up 1.1 %

HE traded up $0.12 during trading on Wednesday, reaching $10.58. The company had a trading volume of 190,269 shares, compared to its average volume of 3,481,207. The firm's 50-day simple moving average is $10.60 and its 200 day simple moving average is $10.11. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -0.89 and a beta of 0.51. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-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.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.19). The firm had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. Equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HE has been the topic of a number of research reports. Barclays raised their price objective on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Wells Fargo & Company raised 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 report on Thursday, February 27th. Jefferies Financial Group dropped their price objective on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating on the stock in a research note on Friday, January 3rd. StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Finally, Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Hawaiian Electric Industries has a consensus rating of "Hold" and an average target price 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.