Hawaiian Electric Industries, Inc. $HE Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 30.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,747 shares of the utilities provider’s stock after buying an additional 82,882 shares during the quarter. American Century Companies Inc.’s holdings in Hawaiian Electric Industries were worth $3,728,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Hawaiian Electric Industries by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 269,388 shares of the utilities provider’s stock valued at $2,864,000 after acquiring an additional 12,197 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Hawaiian Electric Industries by 1.3% during the second quarter. Franklin Resources Inc. now owns 2,744,843 shares of the utilities provider’s stock worth $29,178,000 after purchasing an additional 34,535 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Hawaiian Electric Industries by 2.0% during the second quarter. Legal & General Group Plc now owns 530,072 shares of the utilities provider’s stock worth $5,635,000 after purchasing an additional 10,352 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in shares of Hawaiian Electric Industries by 5.9% in the second quarter. Ensign Peak Advisors Inc now owns 84,898 shares of the utilities provider’s stock worth $902,000 after buying an additional 4,700 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of Hawaiian Electric Industries by 35.9% in the second quarter. Intech Investment Management LLC now owns 112,489 shares of the utilities provider’s stock valued at $1,196,000 after buying an additional 29,720 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Price Performance

Shares of NYSE HE opened at $11.93 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.79. Hawaiian Electric Industries, Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $13.41. The business has a 50 day moving average price of $11.47 and a two-hundred day moving average price of $11.27. The firm has a market cap of $2.06 billion, a PE ratio of 149.06 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Friday, November 7th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.39. Hawaiian Electric Industries had a return on equity of 9.51% and a net margin of 0.56%.The company had revenue of $790.61 million for the quarter. Sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HE shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Hawaiian Electric Industries in a report on Monday, December 1st. Jefferies Financial Group dropped their price objective on shares of Hawaiian Electric Industries from $12.25 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hawaiian Electric Industries has an average rating of “Hold” and a consensus price target of $12.13.

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.