Rhumbline Advisers Has $2.47 Million Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Rhumbline Advisers grew its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 37.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,314 shares of the utilities provider's stock after buying an additional 68,815 shares during the quarter. Rhumbline Advisers owned 0.15% of Hawaiian Electric Industries worth $2,474,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Hawaiian Electric Industries in the 3rd quarter valued at approximately $821,000. FORA Capital LLC bought a new position in shares of Hawaiian Electric Industries during the 3rd quarter worth approximately $692,000. Franklin Resources Inc. raised its holdings in shares of Hawaiian Electric Industries by 656.7% in the third quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock valued at $27,499,000 after purchasing an additional 2,362,863 shares during the last quarter. FMR LLC lifted its position in shares of Hawaiian Electric Industries by 7,986.3% in the third quarter. FMR LLC now owns 5,340,679 shares of the utilities provider's stock worth $51,698,000 after purchasing an additional 5,274,633 shares in the last quarter. Finally, Fernwood Investment Management LLC boosted its holdings in Hawaiian Electric Industries by 82.8% during the third quarter. Fernwood Investment Management LLC now owns 133,175 shares of the utilities provider's stock worth $1,289,000 after purchasing an additional 60,335 shares during the last quarter. Institutional investors own 59.91% of the company's stock.

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Hawaiian Electric Industries Stock Performance

NYSE:HE traded down $0.06 during mid-day trading on Thursday, hitting $10.41. The stock had a trading volume of 2,277,214 shares, compared to its average volume of 3,213,865. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month 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 stock has a market cap of $1.79 billion, a price-to-earnings ratio of -0.88 and a beta of 0.46. The company's 50 day simple moving average is $9.71 and its 200 day simple moving average is $10.20.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted 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 research note on Thursday, February 27th. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Barclays increased their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday. Jefferies Financial Group lowered 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. Finally, Evercore ISI cut their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating for the company in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.00.

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.