Deutsche Bank AG Grows Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Deutsche Bank AG grew its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 139.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 687,406 shares of the utilities provider’s stock after acquiring an additional 400,002 shares during the period. Deutsche Bank AG’s holdings in Hawaiian Electric Industries were worth $6,688,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Eagle Global Advisors LLC grew its holdings in Hawaiian Electric Industries by 13.2% during the fourth quarter. Eagle Global Advisors LLC now owns 1,166,481 shares of the utilities provider’s stock valued at $11,350,000 after purchasing an additional 135,861 shares during the period. Corton Capital Inc. lifted its position in shares of Hawaiian Electric Industries by 37.1% during the 4th quarter. Corton Capital Inc. now owns 20,257 shares of the utilities provider’s stock valued at $197,000 after buying an additional 5,477 shares during the last quarter. Bridgefront Capital LLC grew its stake in shares of Hawaiian Electric Industries by 14.4% during the 4th quarter. Bridgefront Capital LLC now owns 29,883 shares of the utilities provider’s stock worth $291,000 after acquiring an additional 3,760 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Hawaiian Electric Industries in the 4th quarter worth about $535,000. Finally, Bayesian Capital Management LP bought a new stake in Hawaiian Electric Industries in the 4th quarter valued at about $160,000. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays increased their target price 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. Wells Fargo & Company lifted their price objective 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 raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Finally, Evercore ISI raised Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE opened at $10.61 on Friday. The company has a 50 day moving average of $10.48 and a 200 day moving average of $10.17. The stock has a market cap of $1.83 billion, a P/E ratio of -0.90 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80.

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

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.