Evercore Wealth Management LLC Invests $243,000 in Hawaiian Electric Industries, Inc. (NYSE:HE)

Evercore Wealth Management LLC acquired a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 25,000 shares of the utilities provider's stock, valued at approximately $243,000.

Several other large investors also recently made changes to their positions in the stock. Blue Trust Inc. increased its position in Hawaiian Electric Industries by 203.0% during the fourth 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 period. R Squared Ltd acquired a new position in Hawaiian Electric Industries during the 4th quarter worth $36,000. Jones Financial Companies Lllp raised its stake in shares of Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after buying an additional 1,889 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Hawaiian Electric Industries by 816.0% in the fourth quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 4,651 shares during the last quarter. Finally, Amalgamated Bank raised its position 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. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Performance

NYSE:HE opened at $10.31 on Thursday. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week 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. The company has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $10.11. The company has a market capitalization of $1.78 billion, a PE ratio of -0.87 and a beta of 0.51.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its quarterly earnings results 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 business 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%. Research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on HE. Wells Fargo & Company upped their price target 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. Barclays increased their target price 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. Jefferies Financial Group decreased their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating on the stock in a research report on Friday, January 3rd. StockNews.com cut 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 lifted their price target for the company from $12.00 to $14.00 in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.

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