Ensign Peak Advisors Inc Has $733,000 Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Ensign Peak Advisors Inc lifted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 50.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,298 shares of the utilities provider’s stock after buying an additional 25,150 shares during the period. Ensign Peak Advisors Inc’s holdings in Hawaiian Electric Industries were worth $733,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 2,062 shares during the last quarter. R Squared Ltd acquired a new stake in Hawaiian Electric Industries in the 4th quarter valued at about $36,000. Comerica Bank lifted its stake in Hawaiian Electric Industries by 69.3% in the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 1,715 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in 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 valued at $47,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Hawaiian Electric Industries by 816.0% in the 4th quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 4,651 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Performance

Shares of NYSE:HE opened at $10.61 on Friday. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -0.90 and a beta of 0.64. The company’s 50 day simple moving average is $10.49 and its 200 day simple moving average is $10.16.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The firm had revenue of $744.07 million for the quarter. During the same quarter in the prior year, the business earned $0.38 EPS. As a group, research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HE. Wells Fargo & Company raised their target price on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. StockNews.com upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Barclays raised their price objective 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, March 4th. Finally, Evercore ISI upgraded shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.00.

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.