Westside Investment Management Inc. Purchases 6,400 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Westside Investment Management Inc. boosted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 422.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,915 shares of the utilities provider’s stock after buying an additional 6,400 shares during the quarter. Westside Investment Management Inc.’s holdings in Hawaiian Electric Industries were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HE. American Century Companies Inc. grew its position in shares of Hawaiian Electric Industries by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 177,049 shares of the utilities provider’s stock worth $1,597,000 after buying an additional 21,584 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in Hawaiian Electric Industries in the second quarter valued at $91,000. Marshall Wace LLP increased its position in Hawaiian Electric Industries by 96.8% during the 2nd quarter. Marshall Wace LLP now owns 313,255 shares of the utilities provider’s stock valued at $2,826,000 after purchasing an additional 154,116 shares during the period. Caxton Associates LP raised its holdings in Hawaiian Electric Industries by 13.2% in the 2nd quarter. Caxton Associates LP now owns 137,798 shares of the utilities provider’s stock worth $1,243,000 after purchasing an additional 16,026 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Hawaiian Electric Industries by 52.8% in the 2nd quarter. AQR Capital Management LLC now owns 6,693,424 shares of the utilities provider’s stock worth $60,308,000 after purchasing an additional 2,312,950 shares during the period. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Analyst Upgrades and Downgrades

HE has been the subject of a number of research reports. Jefferies Financial Group decreased their price target on shares of Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company lowered their target price on Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Evercore ISI dropped their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 11th.

Hawaiian Electric Industries Trading Down 4.0 %

Shares of HE opened at $9.19 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The firm’s 50-day simple moving average is $9.86 and its two-hundred day simple moving average is $11.08. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Friday, November 8th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). 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 $983.38 million for the quarter. During the same period last year, the firm earned $0.37 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts forecast 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.