Charles Schwab Investment Management Inc. Increases Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Charles Schwab Investment Management Inc. increased its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 14.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,471,522 shares of the utilities provider's stock after purchasing an additional 449,873 shares during the period. Charles Schwab Investment Management Inc. owned 2.01% of Hawaiian Electric Industries worth $33,778,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its stake in Hawaiian Electric Industries by 5.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,775 shares of the utilities provider's stock worth $317,000 after purchasing an additional 1,775 shares during the period. KBC Group NV raised its holdings in shares of Hawaiian Electric Industries by 34.8% in the third quarter. KBC Group NV now owns 3,956 shares of the utilities provider's stock valued at $38,000 after buying an additional 1,021 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Hawaiian Electric Industries in the third quarter valued at about $2,233,000. Quest Partners LLC boosted its stake in shares of Hawaiian Electric Industries by 126.1% during the third quarter. Quest Partners LLC now owns 7,983 shares of the utilities provider's stock worth $77,000 after buying an additional 4,453 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Hawaiian Electric Industries during the third quarter worth about $239,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on HE. Wells Fargo & Company increased their price objective on 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. Barclays increased their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. StockNews.com cut shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Jefferies Financial Group reduced their target price on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating for the company in a research note on Friday, January 3rd. Finally, Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Hawaiian Electric Industries presently has a consensus rating of "Hold" and an average price target of $12.00.

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Hawaiian Electric Industries Price Performance

Hawaiian Electric Industries stock traded up $0.16 during midday trading on Thursday, reaching $11.13. The company's stock had a trading volume of 1,404,768 shares, compared to its average volume of 3,452,622. The firm has a market capitalization of $1.92 billion, a PE ratio of -0.94 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The stock's 50 day simple moving average is $10.01 and its 200 day simple moving average is $10.18. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19). Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The company had revenue of $799.18 million during the quarter. On average, equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current 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.