182,120 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Purchased by Lesa Sroufe & Co

Lesa Sroufe & Co bought a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 182,120 shares of the utilities provider’s stock, valued at approximately $1,994,000. Hawaiian Electric Industries makes up approximately 2.0% of Lesa Sroufe & Co’s portfolio, making the stock its 19th largest position.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Hawaiian Electric Industries by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider’s stock worth $177,397,000 after buying an additional 1,112,150 shares during the last quarter. Zimmer Partners LP increased its position in Hawaiian Electric Industries by 1.4% during the fourth quarter. Zimmer Partners LP now owns 15,202,552 shares of the utilities provider’s stock worth $147,921,000 after buying an additional 202,552 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in Hawaiian Electric Industries during the fourth quarter worth approximately $115,010,000. Geode Capital Management LLC increased its position in Hawaiian Electric Industries by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider’s stock worth $38,208,000 after buying an additional 132,740 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Hawaiian Electric Industries by 14.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider’s stock worth $33,778,000 after buying an additional 449,873 shares during the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group upped their target price on Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a “hold” rating in a research report on Wednesday, May 28th. Barclays upped their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Evercore ISI raised Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and upped their target price for the company from $12.00 to $14.00 in a research report on Friday, March 7th. Wall Street Zen raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company upped their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Hawaiian Electric Industries has a consensus rating of “Hold” and an average price target of $12.19.

Hawaiian Electric Industries Stock Down 1.2%

NYSE HE opened at $10.36 on Tuesday. The business has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $10.20. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The stock has a market capitalization of $1.79 billion, a PE ratio of -0.88 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The firm had revenue of $744.07 million during the quarter. During the same quarter in the previous year, the company earned $0.38 earnings per share. Equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

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.