Barclays PLC Buys 83,496 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Barclays PLC grew its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 48.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,618 shares of the utilities provider’s stock after acquiring an additional 83,496 shares during the quarter. Barclays PLC’s holdings in Hawaiian Electric Industries were worth $2,475,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. KBC Group NV grew its position in Hawaiian Electric Industries by 34.8% during the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 1,021 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of Hawaiian Electric Industries during the third quarter valued at approximately $42,000. Quarry LP increased its position in shares of Hawaiian Electric Industries by 156.6% during the third quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 2,748 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in Hawaiian Electric Industries in the 3rd quarter worth approximately $55,000. Finally, Signaturefd LLC lifted its position in Hawaiian Electric Industries by 30.8% in the 2nd quarter. Signaturefd LLC now owns 8,437 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 1,986 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Trading Down 0.4 %

Shares of NYSE:HE opened at $9.86 on Thursday. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -0.83 and a beta of 0.53. 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’s 50-day simple moving average is $10.23 and its two-hundred day simple moving average is $11.08.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The business had revenue of $983.38 million for the quarter. During the same period last year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HE shares. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Jefferies Financial Group initiated coverage on shares of Hawaiian Electric Industries in a research note on Tuesday, December 3rd. They issued a “hold” rating and a $11.50 price target for the company. Finally, Evercore ISI lowered their price objective on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 19th.

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.