Great Lakes Advisors LLC Has $166,000 Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Great Lakes Advisors LLC lessened its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 21.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,093 shares of the utilities provider’s stock after selling 4,650 shares during the period. Great Lakes Advisors LLC’s holdings in Hawaiian Electric Industries were worth $166,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 2,062 shares in the last quarter. R Squared Ltd bought a new stake in shares of Hawaiian Electric Industries in the 4th quarter worth $36,000. KBC Group NV grew its stake in shares of Hawaiian Electric Industries by 34.8% in the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 1,021 shares in the last quarter. Quarry LP grew its stake in shares of Hawaiian Electric Industries by 156.6% in the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 2,748 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Hawaiian Electric Industries by 63.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 1,889 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hawaiian Electric Industries Price Performance

NYSE HE opened at $11.18 on Tuesday. The company has a market cap of $1.93 billion, a PE ratio of -0.94 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm’s 50-day simple moving average is $9.93 and its two-hundred day simple moving average is $10.17.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results 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). Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The firm had revenue of $799.18 million during the quarter. Research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current 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.