Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 195.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 428,646 shares of the utilities provider’s stock after purchasing an additional 283,722 shares during the period. Quantbot Technologies LP owned 0.25% of Hawaiian Electric Industries worth $4,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HE. Blue Trust Inc. lifted its holdings in shares of Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 2,062 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Hawaiian Electric Industries in the fourth quarter valued at $36,000. KBC Group NV raised its holdings in shares of Hawaiian Electric Industries by 34.8% in the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after buying an additional 1,021 shares during the period. Quarry LP lifted its stake in Hawaiian Electric Industries by 156.6% during the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 2,748 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Hawaiian Electric Industries by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 1,889 shares during the period. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Down 0.9 %

Shares of NYSE HE opened at $10.98 on Friday. The business has a 50-day moving average of $10.11 and a two-hundred day moving average of $10.19. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -0.93 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a 1 year low of $7.61 and a 1 year high of $18.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE) last posted its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). The business had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. On average, analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HE has been the subject of several recent research reports. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Wells Fargo & Company boosted their price target on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Jefferies Financial Group reduced their price objective on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research note on Friday, January 3rd. Barclays boosted their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Finally, Evercore ISI raised Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and increased their price target for the company from $12.00 to $14.00 in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company 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.