167,035 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 167,035 shares of the utilities provider’s stock, valued at approximately $2,370,000. Wellington Management Group LLP owned 0.15% of Hawaiian Electric Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Hawaiian Electric Industries during the 3rd quarter valued at about $1,670,000. Assenagon Asset Management S.A. purchased a new stake in shares of Hawaiian Electric Industries in the fourth quarter valued at approximately $19,015,000. Amalgamated Bank raised its stake in shares of Hawaiian Electric Industries by 82.2% during the 4th quarter. Amalgamated Bank now owns 30,323 shares of the utilities provider’s stock worth $430,000 after buying an additional 13,681 shares during the period. Bank of Nova Scotia purchased a new position in shares of Hawaiian Electric Industries during the 4th quarter valued at approximately $1,202,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Hawaiian Electric Industries in the 4th quarter valued at $235,000. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Analyst Ratings Changes

HE has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 21st. Wells Fargo & Company upped their price target on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an “underweight” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.63.

Hawaiian Electric Industries Price Performance

Hawaiian Electric Industries stock opened at $9.02 on Monday. The company has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $11.77. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $994.91 million, a price-to-earnings ratio of 5.34 and a beta of 0.61. Hawaiian Electric Industries, Inc. has a 52-week low of $8.74 and a 52-week high of $40.16.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Friday, May 10th. The utilities provider reported $0.45 EPS for the quarter. The company had revenue of $897.16 million during the quarter. Hawaiian Electric Industries had a net margin of 5.16% and a return on equity of 9.58%.

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.