29,410 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Acquired by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC bought a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,410 shares of the utilities provider’s stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trexquant Investment LP purchased a new position in shares of Hawaiian Electric Industries in the fourth quarter worth about $455,000. Geode Capital Management LLC grew its position in Hawaiian Electric Industries by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider’s stock worth $38,208,000 after acquiring an additional 132,740 shares during the last quarter. Diametric Capital LP increased its stake in Hawaiian Electric Industries by 628.2% in the 4th quarter. Diametric Capital LP now owns 86,019 shares of the utilities provider’s stock worth $837,000 after purchasing an additional 74,207 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Hawaiian Electric Industries by 45.2% during the fourth quarter. Alliancebernstein L.P. now owns 168,930 shares of the utilities provider’s stock valued at $1,644,000 after purchasing an additional 52,580 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Hawaiian Electric Industries by 192.0% during the fourth quarter. JPMorgan Chase & Co. now owns 900,831 shares of the utilities provider’s stock valued at $8,765,000 after purchasing an additional 592,289 shares during the period. 59.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on HE shares. Evercore ISI raised shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Jefferies Financial Group dropped their price objective on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a report on Friday, January 3rd. Finally, Barclays boosted their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.00.

Hawaiian Electric Industries Stock Down 0.4 %

Shares of NYSE:HE opened at $10.92 on Thursday. The firm has a market capitalization of $1.88 billion, a P/E ratio of -0.92 and a beta of 0.46. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a 50 day moving average price of $10.44 and a 200-day moving average price of $10.16. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). The firm had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. As a group, equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS 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.