Gamco Investors INC. ET AL Increases Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Gamco Investors INC. ET AL raised its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 116.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,100 shares of the utilities provider’s stock after buying an additional 80,300 shares during the period. Gamco Investors INC. ET AL’s holdings in Hawaiian Electric Industries were worth $1,451,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HE. Blue Trust Inc. grew its position in shares of Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 2,062 shares during the period. R Squared Ltd acquired a new position in Hawaiian Electric Industries in the 4th quarter worth about $36,000. Jones Financial Companies Lllp boosted its position in Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 1,889 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Hawaiian Electric Industries by 816.0% in the fourth 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 period. Finally, Amalgamated Bank increased its position in shares of Hawaiian Electric Industries by 50.9% in the fourth quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider’s stock valued at $55,000 after buying an additional 1,905 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Trading Up 0.8 %

Shares of Hawaiian Electric Industries stock opened at $10.44 on Friday. 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’s 50 day simple moving average is $10.61 and its 200-day simple moving average is $10.10. The stock has a market cap of $1.80 billion, a P/E ratio of -0.88 and a beta of 0.51. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $799.18 million during the quarter. Analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HE. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research 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 on the stock in a research report on Friday, January 3rd. Evercore ISI upgraded shares of Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Barclays lifted their price objective on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company raised their target price 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 assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.00.

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.