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

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

Several other hedge funds also recently made changes to their positions in HE. Blue Trust Inc. grew its position in shares of Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock valued at $30,000 after buying an additional 2,062 shares during the last quarter. R Squared Ltd acquired a new position in Hawaiian Electric Industries in the fourth quarter valued at approximately $36,000. KBC Group NV raised its position in shares of Hawaiian Electric Industries by 34.8% during the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider's stock worth $38,000 after purchasing an additional 1,021 shares during the period. Quarry LP lifted its holdings 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 worth $44,000 after purchasing an additional 2,748 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Hawaiian Electric Industries by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 1,889 shares during the period. Institutional investors and hedge funds own 59.91% of the company's stock.

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Hawaiian Electric Industries Price Performance

Hawaiian Electric Industries stock traded up $0.24 during trading hours on Thursday, hitting $11.17. 1,669,736 shares of the company traded hands, compared to its average volume of 3,462,220. The firm's 50-day simple moving average is $10.26 and its two-hundred day simple moving average is $10.17. The firm has a market cap of $1.93 billion, a P/E ratio of -0.94 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted 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). The company had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. As a group, analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HE. Jefferies Financial Group dropped their target price 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. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $12.00 to $14.00 in a report on Friday, March 7th. StockNews.com lowered shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. 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 research report on Thursday, February 27th. 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.00.

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.