Potentia Wealth Buys New Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Potentia Wealth acquired a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,004 shares of the utilities provider's stock, valued at approximately $263,000.

Several other large investors have also bought and sold shares of HE. Vanguard Group Inc. raised its stake in shares of Hawaiian Electric Industries by 6.5% in the fourth 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 last quarter. LPL Financial LLC raised its position in Hawaiian Electric Industries by 13.1% in the 4th quarter. LPL Financial LLC now owns 47,444 shares of the utilities provider's stock worth $462,000 after buying an additional 5,489 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Hawaiian Electric Industries during the 4th quarter valued at about $721,000. American Century Companies Inc. boosted its holdings in shares of Hawaiian Electric Industries by 3.9% during the 4th quarter. American Century Companies Inc. now owns 223,660 shares of the utilities provider's stock valued at $2,176,000 after acquiring an additional 8,426 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Hawaiian Electric Industries by 195.8% in the fourth quarter. Quantbot Technologies LP now owns 428,646 shares of the utilities provider's stock worth $4,171,000 after acquiring an additional 283,722 shares during the period. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Stock Performance

Shares of NYSE:HE traded down $0.06 during midday trading on Friday, hitting $11.11. The company had a trading volume of 3,359,793 shares, compared to its average volume of 3,530,494. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19. The company has a fifty day moving average of $10.34 and a two-hundred day moving average of $10.17. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -0.94 and a beta of 0.46. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its quarterly earnings results 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 during the quarter. On average, equities research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HE shares. Jefferies Financial Group lowered 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. Evercore ISI upgraded 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 research note on Friday, March 7th. Barclays lifted their price objective on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company boosted their price target on 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Hawaiian Electric Industries has a consensus rating of "Hold" and a consensus target price 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.