Intech Investment Management LLC Raises Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Intech Investment Management LLC boosted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 175.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,906 shares of the utilities provider's stock after acquiring an additional 43,254 shares during the quarter. Intech Investment Management LLC's holdings in Hawaiian Electric Industries were worth $661,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV boosted 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 worth $38,000 after buying an additional 1,021 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Hawaiian Electric Industries in the third quarter worth about $2,233,000. Quest Partners LLC grew its stake in shares of Hawaiian Electric Industries by 126.1% during the 3rd quarter. Quest Partners LLC now owns 7,983 shares of the utilities provider's stock valued at $77,000 after acquiring an additional 4,453 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Hawaiian Electric Industries by 20.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,021,649 shares of the utilities provider's stock worth $29,250,000 after acquiring an additional 514,989 shares during the period. Finally, FMR LLC boosted 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 during the period. 59.91% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Barclays increased their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. StockNews.com cut Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $12.00 to $14.00 in a research report on Friday, March 7th. Finally, Jefferies Financial Group dropped 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 report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.00.

Hawaiian Electric Industries Price Performance

Hawaiian Electric Industries stock traded down $0.23 during midday trading on Tuesday, reaching $10.89. 1,008,225 shares of the stock traded hands, compared to its average volume of 3,466,218. 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 cap of $1.88 billion, a P/E ratio of -0.92 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The stock's fifty day moving average is $10.17 and its 200-day moving average is $10.16.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $799.18 million for the quarter. As a group, equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Hawaiian Electric Industries Company 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.