Invesco Ltd. Has $2.19 Million Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Invesco Ltd. increased its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 14.3% in the 4th quarter, HoldingsChannel reports. The firm owned 224,839 shares of the utilities provider’s stock after acquiring an additional 28,141 shares during the period. Invesco Ltd.’s holdings in Hawaiian Electric Industries were worth $2,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of Hawaiian Electric Industries by 48.5% in the 3rd quarter. Barclays PLC now owns 255,618 shares of the utilities provider’s stock worth $2,475,000 after acquiring an additional 83,496 shares during the last quarter. Virtu Financial LLC bought a new stake in Hawaiian Electric Industries in the 3rd quarter valued at about $821,000. Sanctuary Advisors LLC bought a new position in Hawaiian Electric Industries in the 3rd quarter worth approximately $112,000. Peapack Gladstone Financial Corp purchased a new position in shares of Hawaiian Electric Industries in the third quarter valued at $184,000. Finally, Franklin Resources Inc. increased its position in shares of Hawaiian Electric Industries by 656.7% during the third quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider’s stock valued at $27,499,000 after buying an additional 2,362,863 shares during the period. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Trading Up 2.8 %

Hawaiian Electric Industries stock opened at $10.50 on Wednesday. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The business’s fifty day moving average is $10.58 and its 200 day moving average is $10.13. 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 $1.81 billion, a PE ratio of -0.89 and a beta of 0.51.

Hawaiian Electric Industries (NYSE:HE) last released 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 negative net margin of 35.38% and a positive return on equity of 11.12%. The firm had revenue of $799.18 million for the quarter. On average, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays upped their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. StockNews.com cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. Jefferies Financial Group dropped 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 report on Friday, January 3rd. Evercore ISI raised shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Finally, Wells Fargo & Company raised their price objective on 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Hawaiian Electric Industries has an average rating of “Hold” and a consensus price target of $12.00.

About Hawaiian Electric Industries

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.