Brookstone Capital Management Purchases New Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Brookstone Capital Management acquired a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,357 shares of the utilities provider’s stock, valued at approximately $101,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV raised its stake in shares of Hawaiian Electric Industries by 34.8% in the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 1,021 shares in the last quarter. Diversified Trust Co increased its holdings in Hawaiian Electric Industries by 2.9% in the fourth quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider’s stock valued at $403,000 after buying an additional 1,184 shares during the last quarter. IMS Capital Management raised its stake in Hawaiian Electric Industries by 2.5% during the second quarter. IMS Capital Management now owns 51,957 shares of the utilities provider’s stock valued at $469,000 after buying an additional 1,257 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Hawaiian Electric Industries by 5.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,775 shares of the utilities provider’s stock worth $317,000 after buying an additional 1,775 shares during the last quarter. Finally, Quarry LP lifted its holdings in Hawaiian Electric Industries by 156.6% during the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock worth $44,000 after buying an additional 2,748 shares during the last quarter. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HE has been the topic of several research reports. StockNews.com raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 11th. Evercore ISI lowered their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Tuesday, November 19th. Wells Fargo & Company reduced their price target on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Finally, Jefferies Financial Group decreased their price target on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a report on Friday, January 3rd.

Hawaiian Electric Industries Price Performance

Shares of HE opened at $9.14 on Monday. 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 stock has a fifty day moving average price of $9.88 and a 200 day moving average price of $11.06. The company has a market cap of $1.58 billion, a P/E ratio of -0.77 and a beta of 0.53.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The firm had revenue of $983.38 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. On average, research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

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.