SRS Capital Advisors Inc. Increases Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

SRS Capital Advisors Inc. boosted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 155.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,668 shares of the utilities provider’s stock after buying an additional 5,270 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Hawaiian Electric Industries were worth $84,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HE. Zimmer Partners LP purchased a new position in Hawaiian Electric Industries in the third quarter valued at about $145,200,000. FMR LLC raised its holdings in shares of Hawaiian Electric Industries by 7,986.3% in the 3rd quarter. FMR LLC now owns 5,340,679 shares of the utilities provider’s stock worth $51,698,000 after purchasing an additional 5,274,633 shares during the period. Franklin Resources Inc. raised its holdings in shares of Hawaiian Electric Industries by 656.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider’s stock worth $27,499,000 after purchasing an additional 2,362,863 shares during the period. Geode Capital Management LLC lifted its stake in Hawaiian Electric Industries by 49.3% in the third quarter. Geode Capital Management LLC now owns 3,793,142 shares of the utilities provider’s stock valued at $36,725,000 after purchasing an additional 1,253,143 shares during the last quarter. Finally, State Street Corp grew its holdings in Hawaiian Electric Industries by 19.8% during the third quarter. State Street Corp now owns 3,368,096 shares of the utilities provider’s stock valued at $32,603,000 after purchasing an additional 556,747 shares during the period. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Analysts Set New Price Targets

HE has been the topic of several research reports. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Evercore ISI lowered their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 19th. Barclays increased their target price 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. Wells Fargo & Company boosted their price target on shares of 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. Finally, Jefferies Financial Group dropped their price target on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.00.

Hawaiian Electric Industries Stock Performance

Shares of HE opened at $10.41 on Friday. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The stock’s 50-day simple moving average is $9.71 and its 200 day simple moving average is $10.20. 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 market capitalization of $1.79 billion, a price-to-earnings ratio of -0.88 and a beta of 0.46.

Hawaiian Electric Industries (NYSE:HE) last issued 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). The firm had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. Research analysts forecast 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.