Potentia Wealth Invests $263,000 in Hawaiian Electric Industries, Inc. (NYSE:HE)

Potentia Wealth bought a new position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 27,004 shares of the utilities provider's stock, valued at approximately $263,000.

Several other large investors have also added to or reduced their stakes in HE. Blue Trust Inc. grew its stake in shares of Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock worth $30,000 after acquiring an additional 2,062 shares in the last quarter. R Squared Ltd bought a new stake in Hawaiian Electric Industries in the 4th quarter worth about $36,000. Quarry LP increased its stake in 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 buying an additional 2,748 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Hawaiian Electric Industries by 63.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after buying an additional 1,889 shares during the last quarter. Finally, Amalgamated Bank lifted its position 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 buying an additional 1,905 shares in the last quarter. Institutional investors own 59.91% of the company's stock.

Analysts Set New Price Targets

HE has been the topic of a number of recent analyst reports. 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 boosted their price target for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Barclays raised their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Jefferies Financial Group dropped their target price on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company raised their price target on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock 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 issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.00.

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Hawaiian Electric Industries Price Performance

HE stock traded down $0.06 during mid-day trading on Friday, reaching $11.11. 3,359,793 shares of the company traded hands, compared to its average volume of 3,530,494. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The company has a market capitalization of $1.92 billion, a P/E 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. The company has a fifty day moving average price of $10.34 and a 200-day moving average price of $10.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued 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 firm had revenue of $799.18 million for the quarter. As a group, analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share 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.