Hawaiian Electric Industries (NYSE:HE) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Hawaiian Electric Industries, Inc. (NYSE:HE). In a filing disclosed on February 11th, the Representative disclosed that they had bought between $50,001 and $100,000 in Hawaiian Electric Industries stock on January 31st. The trade occurred in the Representative’s “150 MAIN STREET TRUST > WELLS FARGO ADVISORS” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of ICF International (NASDAQ:ICFI) on 2/3/2025.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 1/31/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Agios Pharmaceuticals (NASDAQ:AGIO) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of SpringWorks Therapeutics (NASDAQ:SWTX) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of U.S. Physical Therapy (NYSE:USPH) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Lantheus (NASDAQ:LNTH) on 1/28/2025.

Hawaiian Electric Industries Trading Down 5.7 %

Shares of HE stock traded down $0.61 on Thursday, reaching $10.24. The company had a trading volume of 3,599,096 shares, compared to its average volume of 3,095,902. The stock has a market cap of $1.77 billion, a PE ratio of -0.87 and a beta of 0.53. The company has a 50-day moving average of $9.54 and a 200-day moving average of $10.69. 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, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19.

Institutional Investors Weigh In On Hawaiian Electric Industries

Several institutional investors have recently bought and sold shares of the company. KBC Group NV lifted its position in shares of Hawaiian Electric Industries by 34.8% in the third quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 1,021 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Hawaiian Electric Industries by 3.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider’s stock valued at $302,000 after buying an additional 1,080 shares during the last quarter. Xponance Inc. lifted its position in Hawaiian Electric Industries by 10.9% during the 4th quarter. Xponance Inc. now owns 11,935 shares of the utilities provider’s stock worth $116,000 after buying an additional 1,171 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Hawaiian Electric Industries by 2.9% during the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider’s stock worth $403,000 after buying an additional 1,184 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Hawaiian Electric Industries by 5.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,775 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HE shares. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays initiated coverage on Hawaiian Electric Industries in a research note on Thursday, February 6th. They set an “equal weight” rating and a $10.00 target price for the company. Evercore ISI cut their price target on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group lowered their price objective on shares of 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. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Hawaiian Electric Industries presently has an average rating of “Hold” and an average target price of $10.50.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Hawaiian Electric Industries

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.