Fmr LLC Boosts Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

FMR LLC boosted its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 7,986.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,340,679 shares of the utilities provider's stock after acquiring an additional 5,274,633 shares during the period. FMR LLC owned 4.84% of Hawaiian Electric Industries worth $51,698,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV lifted its holdings in shares of Hawaiian Electric Industries by 34.8% in the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider's stock worth $38,000 after purchasing an additional 1,021 shares in the last quarter. UMB Bank n.a. bought a new position in Hawaiian Electric Industries in the 3rd quarter worth about $42,000. Signaturefd LLC boosted its stake in Hawaiian Electric Industries by 30.8% in the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider's stock worth $76,000 after purchasing an additional 1,986 shares during the period. Quest Partners LLC boosted its position in shares of Hawaiian Electric Industries by 126.1% during the 3rd quarter. Quest Partners LLC now owns 7,983 shares of the utilities provider's stock valued at $77,000 after acquiring an additional 4,453 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Hawaiian Electric Industries during the 2nd quarter valued at about $91,000. 59.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Evercore ISI decreased their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Tuesday, November 19th. Wells Fargo & Company dropped their price target on Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating on the stock in a research report on Monday, September 30th. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Friday, October 4th. Finally, Jefferies Financial Group began coverage on Hawaiian Electric Industries in a research note on Tuesday, December 3rd. They issued a "hold" rating and a $11.50 price target for the company.

Hawaiian Electric Industries Trading Up 2.8 %

Hawaiian Electric Industries stock traded up $0.29 during mid-day trading on Friday, hitting $10.66. The company's stock had a trading volume of 1,945,917 shares, compared to its average volume of 2,772,471. The stock has a market cap of $1.84 billion, a PE ratio of -0.90 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year 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 moving average of $10.14 and a 200-day moving average of $11.12.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). The business had revenue of $983.38 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. Hawaiian Electric Industries's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. On average, research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Hawaiian Electric Industries Company 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.