Mitsubishi UFJ Trust & Banking Corp Has $11.90 Million Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 196.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,222,532 shares of the utilities provider's stock after acquiring an additional 809,601 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.71% of Hawaiian Electric Industries worth $11,895,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HE. Blue Trust Inc. lifted its position in Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock worth $30,000 after buying an additional 2,062 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Hawaiian Electric Industries during the fourth quarter worth $36,000. Quarry LP raised its position in shares of Hawaiian Electric Industries by 156.6% in the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider's stock valued at $44,000 after acquiring an additional 2,748 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after buying an additional 1,889 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in shares of Hawaiian Electric Industries during the 3rd quarter worth approximately $55,000. Institutional investors own 59.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HE. Jefferies Financial Group cut their price objective on shares of 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. Wells Fargo & Company raised their price objective on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Evercore ISI raised 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 report on Friday, March 7th. Barclays raised their target price on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Hawaiian Electric Industries currently has a consensus rating of "Hold" and a consensus price target of $12.00.

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Hawaiian Electric Industries Stock Performance

Shares of HE stock traded down $0.16 during trading on Thursday, reaching $10.77. 552,584 shares of the company's stock were exchanged, compared to its average volume of 3,516,778. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. The firm's fifty day moving average price is $10.44 and its 200-day moving average price is $10.16. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.86 billion, a PE ratio of -0.91 and a beta of 0.46.

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 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. As a group, sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS 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.