JPMorgan Chase & Co. Raises Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

JPMorgan Chase & Co. lifted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 192.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 900,831 shares of the utilities provider's stock after buying an additional 592,289 shares during the period. JPMorgan Chase & Co. owned approximately 0.52% of Hawaiian Electric Industries worth $8,765,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its position in shares of Hawaiian Electric Industries by 3.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider's stock valued at $302,000 after purchasing an additional 1,080 shares during the last quarter. Xponance Inc. grew its position in Hawaiian Electric Industries by 10.9% during the fourth quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock valued at $116,000 after buying an additional 1,171 shares during the period. Diversified Trust Co increased its holdings in Hawaiian Electric Industries by 2.9% during the fourth quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock valued at $403,000 after buying an additional 1,184 shares during the last quarter. Jones Financial Companies Lllp raised its position in Hawaiian Electric Industries by 63.9% in the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after acquiring an additional 1,889 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Hawaiian Electric Industries by 50.9% during the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after acquiring an additional 1,905 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on HE shares. StockNews.com lowered Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Jefferies Financial Group lowered 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. Barclays upped their price target on shares of 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. Finally, Wells Fargo & Company lifted their target price 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.00.

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE traded up $0.09 during mid-day trading on Friday, reaching $10.44. The stock had a trading volume of 1,821,871 shares, compared to its average volume of 3,508,008. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The company has a market cap of $1.80 billion, a P/E ratio of -0.88 and a beta of 0.51. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The business's 50 day moving average price is $10.61 and its 200 day moving average price is $10.10.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share 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 business had revenue of $799.18 million during the quarter. Research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal 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.