International Assets Investment Management LLC Acquires 169,121 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

International Assets Investment Management LLC boosted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 1,439.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,867 shares of the utilities provider’s stock after acquiring an additional 169,121 shares during the period. International Assets Investment Management LLC owned approximately 0.16% of Hawaiian Electric Industries worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. bought a new position in Hawaiian Electric Industries during the third quarter worth about $27,000. Lazard Asset Management LLC bought a new stake in shares of Hawaiian Electric Industries in the second quarter valued at about $34,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Hawaiian Electric Industries in the third quarter valued at about $35,000. MUFG Americas Holdings Corp bought a new stake in shares of Hawaiian Electric Industries in the third quarter valued at about $39,000. Finally, Comerica Bank bought a new stake in shares of Hawaiian Electric Industries in the third quarter valued at about $40,000. 59.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday. Evercore ISI boosted their price target on Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an “in-line” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, Hawaiian Electric Industries has an average rating of “Hold” and a consensus target price of $11.50.

Hawaiian Electric Industries Price Performance

NYSE:HE opened at $10.22 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.13 and a current ratio of 0.13. The stock’s 50-day simple moving average is $11.61 and its 200 day simple moving average is $12.66. The company has a market cap of $1.13 billion, a P/E ratio of 5.64 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a 52-week low of $8.74 and a 52-week high of $40.16.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Tuesday, February 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $961.40 million for the quarter. Hawaiian Electric Industries had a return on equity of 9.99% and a net margin of 5.45%. Hawaiian Electric Industries’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. As a group, sell-side analysts forecast that Hawaiian Electric Industries, Inc. will post 1.98 EPS 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.