Barclays PLC Raises Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Barclays PLC raised its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 48.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,618 shares of the utilities provider's stock after buying an additional 83,496 shares during the quarter. Barclays PLC owned about 0.15% of Hawaiian Electric Industries worth $2,475,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HE. Zimmer Partners LP purchased a new stake in shares of Hawaiian Electric Industries in the third quarter worth approximately $145,200,000. FMR LLC lifted its position in shares of Hawaiian Electric Industries by 7,986.3% during the third quarter. FMR LLC now owns 5,340,679 shares of the utilities provider's stock worth $51,698,000 after purchasing an additional 5,274,633 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Hawaiian Electric Industries by 52.8% during the second quarter. AQR Capital Management LLC now owns 6,693,424 shares of the utilities provider's stock valued at $60,308,000 after purchasing an additional 2,312,950 shares during the period. Millennium Management LLC grew its holdings in shares of Hawaiian Electric Industries by 79.0% in the second quarter. Millennium Management LLC now owns 1,870,088 shares of the utilities provider's stock worth $16,868,000 after purchasing an additional 825,073 shares during the last quarter. Finally, State Street Corp increased its stake in Hawaiian Electric Industries by 19.8% in the 3rd quarter. State Street Corp now owns 3,368,096 shares of the utilities provider's stock worth $32,603,000 after buying an additional 556,747 shares during the period. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Price Performance

Shares of Hawaiian Electric Industries stock traded up $0.05 on Thursday, hitting $9.91. The company's stock had a trading volume of 2,469,428 shares, compared to its average volume of 3,347,296. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of -0.84 and a beta of 0.53. The firm has a fifty day moving average price of $10.22 and a 200-day moving average price of $11.07. 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 1 year low of $7.61 and a 1 year high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). The firm had revenue of $983.38 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. Hawaiian Electric Industries's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. As a group, sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on HE shares. Wells Fargo & Company reduced their price objective on Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating on the stock in a report on Monday, September 30th. StockNews.com upgraded Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Thursday. Jefferies Financial Group initiated coverage on shares of Hawaiian Electric Industries in a research note on Tuesday, December 3rd. They issued a "hold" rating and a $11.50 price objective for the company. Finally, Evercore ISI cut their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating on the stock in a research report on Tuesday, November 19th.

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.