10,902 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,902 shares of the utilities provider’s stock, valued at approximately $98,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Hawaiian Electric Industries by 31.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,265 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 3,156 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Hawaiian Electric Industries during the 1st quarter valued at $42,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Hawaiian Electric Industries by 18.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 156,734 shares of the utilities provider’s stock valued at $1,766,000 after purchasing an additional 24,328 shares in the last quarter. Vanguard Group Inc. lifted its position in Hawaiian Electric Industries by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 11,059,244 shares of the utilities provider’s stock worth $124,638,000 after buying an additional 160,815 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Hawaiian Electric Industries by 470.4% in the 1st quarter. Acadian Asset Management LLC now owns 10,780 shares of the utilities provider’s stock valued at $121,000 after buying an additional 8,890 shares in the last quarter. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Trading Up 4.0 %

NYSE HE opened at $11.62 on Monday. The firm has a market cap of $1.28 billion, a P/E ratio of 6.88 and a beta of 0.55. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.11 and a quick ratio of 0.11. The stock’s 50-day moving average is $13.03 and its 200-day moving average is $11.39. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Friday, August 9th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.05). The company had revenue of $792.30 million during the quarter. Hawaiian Electric Industries had a negative net margin of 31.76% and a positive return on equity of 10.69%. The firm’s quarterly revenue was down .2% compared to the same quarter last year.

Analyst Ratings Changes

A number of research firms have weighed in on HE. StockNews.com raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 24th. Evercore ISI reissued an “in-line” rating and issued a $16.00 target price on shares of Hawaiian Electric Industries in a report on Wednesday, August 14th. Finally, Wells Fargo & Company upgraded Hawaiian Electric Industries from an “underweight” rating to an “equal weight” rating and set a $14.00 price target on the stock in a report on Friday, August 23rd.

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.