Dougherty & Associates LLC bought a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 61,540 shares of the utilities provider’s stock, valued at approximately $757,000.
Several other hedge funds have also recently bought and sold shares of HE. Vanguard Group Inc. grew its stake in shares of Hawaiian Electric Industries by 9.2% during the 4th quarter. Vanguard Group Inc. now owns 19,410,325 shares of the utilities provider’s stock worth $238,747,000 after acquiring an additional 1,628,307 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hawaiian Electric Industries by 10.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,061,759 shares of the utilities provider’s stock worth $22,762,000 after acquiring an additional 195,327 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Hawaiian Electric Industries by 5.2% during the 3rd quarter. Bank of America Corp DE now owns 1,565,958 shares of the utilities provider’s stock worth $17,288,000 after acquiring an additional 76,820 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Hawaiian Electric Industries by 56.0% during the 2nd quarter. Quantinno Capital Management LP now owns 1,324,999 shares of the utilities provider’s stock worth $14,085,000 after acquiring an additional 475,443 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Hawaiian Electric Industries by 153.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,243,332 shares of the utilities provider’s stock worth $13,726,000 after acquiring an additional 753,549 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.
Hawaiian Electric Industries Price Performance
NYSE:HE opened at $13.25 on Monday. Hawaiian Electric Industries, Inc. has a 1-year low of $10.15 and a 1-year high of $17.38. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.70. The firm has a fifty day simple moving average of $14.93 and a 200 day simple moving average of $13.96. The stock has a market capitalization of $2.29 billion, a PE ratio of 17.90 and a beta of 0.54.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on HE. Wall Street Zen cut shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Jefferies Financial Group cut shares of Hawaiian Electric Industries from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $13.50 to $12.50 in a research note on Tuesday, January 20th. Barclays raised their price target on shares of Hawaiian Electric Industries from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Zacks Research cut shares of Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Hawaiian Electric Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $13.25.
Check Out Our Latest Research Report on HE
About Hawaiian Electric Industries
Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.
Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.
Featured Stories
- Five stocks we like better than Hawaiian Electric Industries
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Want to see what other hedge funds are holding HE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawaiian Electric Industries, Inc. (NYSE:HE – Free Report).
Receive News & Ratings for Hawaiian Electric Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Electric Industries and related companies with MarketBeat.com's FREE daily email newsletter.
