Fernwood Investment Management LLC Increases Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Fernwood Investment Management LLC raised its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,250 shares of the utilities provider's stock after purchasing an additional 33,075 shares during the quarter. Fernwood Investment Management LLC owned 0.10% of Hawaiian Electric Industries worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HE. Vanguard Group Inc. lifted its position in shares of 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 worth $177,397,000 after purchasing an additional 1,112,150 shares during the period. Geode Capital Management LLC grew its stake in shares of Hawaiian Electric Industries by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider's stock worth $38,208,000 after acquiring an additional 132,740 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Hawaiian Electric Industries by 14.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider's stock valued at $33,778,000 after purchasing an additional 449,873 shares during the last quarter. State Street Corp raised its holdings in Hawaiian Electric Industries by 19.8% in the third 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 last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Hawaiian Electric Industries by 656.7% during the third quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock valued at $27,499,000 after buying an additional 2,362,863 shares during the last quarter. Institutional investors own 59.91% of the company's stock.

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Hawaiian Electric Industries Trading Up 2.0 %

HE traded up $0.19 on Monday, reaching $9.86. 669,234 shares of the company traded hands, compared to its average volume of 3,551,082. The firm has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.08. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The company has a market cap of $1.70 billion, a P/E ratio of -0.83 and a beta of 0.51.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating on the stock in a report on Friday, January 3rd. Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Wells Fargo & Company increased 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. Barclays raised their target price on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. 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. According to MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of "Hold" and a consensus 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.