Bryce Point Capital LLC Takes Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Bryce Point Capital LLC acquired a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 49,080 shares of the utilities provider’s stock, valued at approximately $478,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Hawaiian Electric Industries by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider’s stock worth $177,397,000 after acquiring an additional 1,112,150 shares in the last quarter. Zimmer Partners LP acquired a new position in Hawaiian Electric Industries in the third quarter valued at approximately $145,200,000. FMR LLC increased its stake in Hawaiian Electric Industries by 7,986.3% in the third quarter. FMR LLC now owns 5,340,679 shares of the utilities provider’s stock valued at $51,698,000 after purchasing an additional 5,274,633 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Hawaiian Electric Industries by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider’s stock worth $38,208,000 after buying an additional 132,740 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Hawaiian Electric Industries by 14.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider’s stock valued at $33,778,000 after buying an additional 449,873 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HE shares. Evercore ISI upgraded shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Jefferies Financial Group decreased their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. Finally, Barclays upped their price target on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.00.

Hawaiian Electric Industries Stock Down 3.9 %

HE opened at $9.97 on Friday. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19. The business has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $10.14. 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 company has a market cap of $1.72 billion, a PE ratio of -0.84 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 EPS for the quarter, missing the consensus estimate 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 company had revenue of $799.18 million for the quarter. As a group, research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Hawaiian Electric Industries 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.