Arrowstreet Capital Limited Partnership Has $238,000 Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Arrowstreet Capital Limited Partnership cut its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 79.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,414 shares of the utilities provider's stock after selling 95,107 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Hawaiian Electric Industries were worth $238,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HE. Horizon Kinetics Asset Management LLC acquired a new stake in Hawaiian Electric Industries in the fourth quarter valued at $23,153,000. Franklin Resources Inc. boosted its position in shares of Hawaiian Electric Industries by 656.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock worth $27,499,000 after buying an additional 2,362,863 shares in the last quarter. Burkehill Global Management LP purchased a new position in shares of Hawaiian Electric Industries during the 4th quarter worth approximately $19,460,000. Geode Capital Management LLC increased its position in Hawaiian Electric Industries by 49.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,793,142 shares of the utilities provider's stock worth $36,725,000 after purchasing an additional 1,253,143 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Hawaiian Electric Industries by 6.5% during 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. Institutional investors and hedge funds own 59.91% of the company's stock.

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Hawaiian Electric Industries Stock Up 3.0 %

Shares of HE stock traded up $0.31 during trading hours on Tuesday, hitting $10.36. 2,557,867 shares of the company were exchanged, compared to its average volume of 3,560,640. The company has a market capitalization of $1.79 billion, a PE ratio of -0.88 and a beta of 0.51. The business has a 50 day moving average of $10.56 and a two-hundred day moving average of $10.08. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80.

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

Analysts Set New Price Targets

HE has been the topic of several recent analyst reports. Jefferies Financial Group cut 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. Wells Fargo & Company boosted 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. StockNews.com cut shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Finally, Barclays lifted their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $12.00.

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.