Hawaiian Electric Industries, Inc. $HE Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,744,843 shares of the utilities provider’s stock after buying an additional 34,535 shares during the period. Franklin Resources Inc.’s holdings in Hawaiian Electric Industries were worth $29,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HE. Geode Capital Management LLC increased its position in shares of Hawaiian Electric Industries by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 4,093,753 shares of the utilities provider’s stock valued at $43,522,000 after acquiring an additional 48,686 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Hawaiian Electric Industries by 6.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,687,636 shares of the utilities provider’s stock worth $40,380,000 after acquiring an additional 216,114 shares during the period. Eagle Global Advisors LLC grew its stake in Hawaiian Electric Industries by 7.3% during the 1st quarter. Eagle Global Advisors LLC now owns 1,251,904 shares of the utilities provider’s stock valued at $13,708,000 after purchasing an additional 85,423 shares during the last quarter. Mad River Investors increased its holdings in shares of Hawaiian Electric Industries by 0.8% in the second quarter. Mad River Investors now owns 1,225,900 shares of the utilities provider’s stock valued at $13,031,000 after purchasing an additional 10,000 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Hawaiian Electric Industries by 20.6% in the first quarter. Deutsche Bank AG now owns 829,241 shares of the utilities provider’s stock valued at $9,080,000 after purchasing an additional 141,835 shares during the period. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Up 0.6%

Shares of HE opened at $11.80 on Thursday. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -11.68 and a beta of 0.67. Hawaiian Electric Industries, Inc. has a 52 week low of $8.14 and a 52 week high of $13.41. The stock’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.52.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.39. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%.The company had revenue of $790.61 million during the quarter. On average, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analyst Ratings Changes

HE has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hawaiian Electric Industries in a report on Monday. Jefferies Financial Group raised shares of Hawaiian Electric Industries to a “hold” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hawaiian Electric Industries has a consensus rating of “Hold” and an average target price of $11.94.

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.