Hawaiian Electric Industries, Inc. (NYSE:HE) Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,471,522 shares of the utilities provider’s stock after acquiring an additional 449,873 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.01% of Hawaiian Electric Industries worth $33,778,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in Hawaiian Electric Industries in the 3rd quarter valued at approximately $821,000. FORA Capital LLC bought a new position in shares of Hawaiian Electric Industries in the third quarter worth $692,000. Franklin Resources Inc. increased its holdings in shares of Hawaiian Electric Industries by 656.7% during the third quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider’s stock valued at $27,499,000 after purchasing an additional 2,362,863 shares during the period. FMR LLC raised its stake in shares of Hawaiian Electric Industries by 7,986.3% during 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 in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Hawaiian Electric Industries by 239.6% during the third quarter. MetLife Investment Management LLC now owns 94,991 shares of the utilities provider’s stock valued at $920,000 after purchasing an additional 67,020 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Up 3.2 %

HE stock opened at $11.25 on Monday. The firm has a market cap of $1.94 billion, a PE ratio of -0.95 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. 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 firm has a 50 day simple moving average of $9.89 and a 200 day simple moving average of $10.17.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). The company had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. Equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays raised their target price on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Evercore ISI upgraded shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $12.00 to $14.00 in a report on Friday, March 7th. StockNews.com cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. Jefferies Financial Group decreased their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company boosted their price objective on 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Hawaiian Electric Industries 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.