Capital Fund Management S.A. Buys New Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Capital Fund Management S.A. bought a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 77,003 shares of the utilities provider's stock, valued at approximately $749,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Horizon Kinetics Asset Management LLC purchased a new stake in shares of Hawaiian Electric Industries during the fourth quarter valued at approximately $23,153,000. Franklin Resources Inc. grew its holdings in Hawaiian Electric Industries by 656.7% during the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock valued at $27,499,000 after purchasing an additional 2,362,863 shares in the last quarter. Burkehill Global Management LP purchased a new stake in Hawaiian Electric Industries during the 4th quarter worth $19,460,000. Geode Capital Management LLC lifted its holdings in Hawaiian Electric Industries by 49.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,793,142 shares of the utilities provider's stock worth $36,725,000 after buying an additional 1,253,143 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Hawaiian Electric Industries by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider's stock valued at $177,397,000 after buying an additional 1,112,150 shares during the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on HE. Barclays boosted their price target 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. Wells Fargo & Company upped their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their target price for the company from $12.00 to $14.00 in a research note on Friday, March 7th. StockNews.com lowered shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group decreased their price objective on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating for the company in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Stock Performance

Shares of HE stock traded up $0.19 on Tuesday, hitting $10.44. 1,215,653 shares of the stock traded hands, compared to its average volume of 3,494,234. The company's fifty day moving average is $10.60 and its 200 day moving average is $10.11. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19. The company has a market capitalization of $1.80 billion, a PE ratio of -0.88 and a beta of 0.51. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). 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 $799.18 million for the quarter. On average, equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

About Hawaiian Electric Industries

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.