State Street Corp Raises Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

State Street Corp grew its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 19.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,368,096 shares of the utilities provider's stock after buying an additional 556,747 shares during the quarter. State Street Corp owned approximately 3.05% of Hawaiian Electric Industries worth $32,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Hawaiian Electric Industries by 52.8% during the second quarter. AQR Capital Management LLC now owns 6,693,424 shares of the utilities provider's stock valued at $60,308,000 after acquiring an additional 2,312,950 shares during the last quarter. FMR LLC increased its holdings in 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 valued at $51,698,000 after purchasing an additional 5,274,633 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 514,989 shares during the last quarter. Millennium Management LLC lifted its holdings in Hawaiian Electric Industries by 79.0% during the 2nd quarter. Millennium Management LLC now owns 1,870,088 shares of the utilities provider's stock worth $16,868,000 after buying an additional 825,073 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Hawaiian Electric Industries by 23.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 638,156 shares of the utilities provider's stock valued at $5,756,000 after buying an additional 120,208 shares during the last quarter. Institutional investors and hedge funds own 59.91% of the company's stock.

Wall Street Analyst Weigh In

HE has been the subject of a number of analyst reports. StockNews.com upgraded Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Hawaiian Electric Industries in a report on Tuesday, December 3rd. They set a "hold" rating and a $11.50 price target for the company. Evercore ISI dropped their price target on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating on the stock in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating for the company in a research report on Monday, September 30th.

Hawaiian Electric Industries Trading Up 1.9 %

NYSE HE traded up $0.18 during trading hours on Friday, hitting $9.88. 8,277,571 shares of the company's stock were exchanged, compared to its average volume of 3,365,501. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -0.84 and a beta of 0.53. The stock has a 50-day simple moving average of $10.24 and a 200 day simple moving average of $11.09. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). 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 $983.38 million for the quarter. During the same period last year, the business posted $0.37 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal 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.