16,400 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,400 shares of the utilities provider’s stock, valued at approximately $160,000.

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in Hawaiian Electric Industries by 203.0% during the fourth quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 2,062 shares during the period. R Squared Ltd purchased a new position in shares of Hawaiian Electric Industries during the 4th quarter valued at about $36,000. Comerica Bank grew its stake in shares of Hawaiian Electric Industries by 69.3% during the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 1,715 shares during the period. Jones Financial Companies Lllp increased its holdings in Hawaiian Electric Industries by 63.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in Hawaiian Electric Industries by 816.0% during the 4th quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 4,651 shares during the period. Institutional investors own 59.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HE. Barclays upped their price target on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Evercore ISI raised shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $12.00 to $14.00 in a report on Friday, March 7th. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company boosted their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Hawaiian Electric Industries presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE opened at $10.37 on Friday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64. The firm has a fifty day moving average price of $10.51 and a 200 day moving average price of $10.14. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18.

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