Diametric Capital LP raised its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 628.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,019 shares of the utilities provider's stock after buying an additional 74,207 shares during the period. Diametric Capital LP's holdings in Hawaiian Electric Industries were worth $837,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 2,062 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $36,000. Quarry LP increased its stake in shares of Hawaiian Electric Industries by 156.6% during the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider's stock worth $44,000 after purchasing an additional 2,748 shares in the last quarter. Jones Financial Companies Lllp increased its stake 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 purchasing an additional 1,889 shares in the last quarter. Finally, Amalgamated Bank raised 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 purchasing an additional 1,905 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.
Hawaiian Electric Industries Trading Down 3.9 %
HE traded down $0.41 during midday trading on Friday, hitting $9.97. The company's stock had a trading volume of 2,842,073 shares, compared to its average volume of 3,541,720. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The firm has a 50-day moving average price of $10.48 and a two-hundred day moving average price of $10.13. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a market cap of $1.72 billion, a P/E ratio of -0.84 and a beta of 0.51.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). The company had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. On average, research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.
Analyst Upgrades and Downgrades
HE has been the subject of several recent research reports. Jefferies Financial Group dropped their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating for the company in a research report on Friday, January 3rd. StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Barclays raised their price target on shares of 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. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $12.00 to $14.00 in a research report on Friday, March 7th. Finally, Wells Fargo & Company upped 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 research note on Thursday, February 27th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.00.
Read Our Latest Research Report on Hawaiian Electric Industries
Hawaiian Electric Industries Company Profile
(
Free Report)
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.
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