Hawaiian Electric Industries, Inc. (NYSE:HE) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,925,882 shares of the utilities provider's stock after purchasing an additional 132,740 shares during the period. Geode Capital Management LLC owned approximately 2.28% of Hawaiian Electric Industries worth $38,208,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HE. HighTower Advisors LLC purchased a new position in Hawaiian Electric Industries during the 3rd quarter valued at about $108,000. Stifel Financial Corp boosted its stake in Hawaiian Electric Industries by 763.4% in the 3rd quarter. Stifel Financial Corp now owns 341,663 shares of the utilities provider's stock worth $3,307,000 after buying an additional 302,091 shares during the last quarter. State Street Corp grew its holdings in Hawaiian Electric Industries by 19.8% in the 3rd quarter. State Street Corp now owns 3,368,096 shares of the utilities provider's stock valued at $32,603,000 after buying an additional 556,747 shares during the period. XTX Topco Ltd acquired a new position in shares of Hawaiian Electric Industries during the 3rd quarter valued at about $143,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Hawaiian Electric Industries during the 3rd quarter worth about $316,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HE. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Barclays boosted their price objective 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 raised their target price for the company from $12.00 to $14.00 in a research note on Friday, March 7th. Wells Fargo & Company upped their price target on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group lowered their price target on 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.00.

Hawaiian Electric Industries Stock Up 0.8 %

Shares of NYSE HE traded up $0.09 during trading on Friday, reaching $10.44. 1,821,871 shares of the stock were exchanged, compared to its average volume of 3,507,543. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -0.88 and a beta of 0.51. The business's 50-day moving average price is $10.60 and its 200 day moving average price is $10.09. 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 twelve month low of $7.61 and a twelve month high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly 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). The company had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. As a group, equities analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS 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.