Vanguard Group Inc. Has $238.75 Million Position in Hawaiian Electric Industries, Inc. $HE

Vanguard Group Inc. lifted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HEFree Report) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,410,325 shares of the utilities provider’s stock after purchasing an additional 1,628,307 shares during the period. Vanguard Group Inc. owned about 0.11% of Hawaiian Electric Industries worth $238,747,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HE. Northwestern Mutual Wealth Management Co. lifted its position in Hawaiian Electric Industries by 142.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,325 shares of the utilities provider’s stock worth $26,000 after buying an additional 1,365 shares in the last quarter. Larson Financial Group LLC grew its holdings in Hawaiian Electric Industries by 242.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,741 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 1,940 shares during the last quarter. CWM LLC increased its position in Hawaiian Electric Industries by 41.3% in the 4th quarter. CWM LLC now owns 3,210 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 939 shares in the last quarter. Farther Finance Advisors LLC increased its position in Hawaiian Electric Industries by 37.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,125 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Hawaiian Electric Industries in the third quarter worth about $55,000. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Stock Down 3.9%

Shares of NYSE HE opened at $14.83 on Friday. Hawaiian Electric Industries, Inc. has a 1 year low of $10.14 and a 1 year high of $17.38. The firm’s 50-day moving average is $15.18 and its 200-day moving average is $13.88. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $2.56 billion, a PE ratio of 20.04 and a beta of 0.54.

Hawaiian Electric Industries (NYSE:HEGet Free Report) last posted its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.09). Hawaiian Electric Industries had a return on equity of 9.82% and a net margin of 4.09%.The business had revenue of $746.45 million for the quarter, compared to the consensus estimate of $746.45 million. Equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HE. Weiss Ratings upgraded shares of Hawaiian Electric Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Barclays boosted their price objective on shares of Hawaiian Electric Industries from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Zacks Research downgraded Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group cut Hawaiian Electric Industries from a “hold” rating to an “underperform” rating and lowered their target price for the company from $13.50 to $12.50 in a research note on Tuesday, January 20th. Finally, Wall Street Zen downgraded Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $13.25.

Get Our Latest Stock Analysis on HE

Key Hawaiian Electric Industries News

Here are the key news stories impacting Hawaiian Electric Industries this week:

Hawaiian Electric Industries Company Profile

(Free Report)

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.

See Also

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Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

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