Quaero Capital S.A. Invests $341,000 in Hawaiian Electric Industries, Inc. (NYSE:HE)

Quaero Capital S.A. purchased a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 35,010 shares of the utilities provider’s stock, valued at approximately $341,000.

Several other large investors have also recently made changes to their positions in HE. Blue Trust Inc. raised its position 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 in the last quarter. R Squared Ltd bought a new position in shares of Hawaiian Electric Industries in the 4th quarter worth $36,000. KBC Group NV increased its position in Hawaiian Electric Industries by 34.8% during 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 in the last quarter. Quarry LP increased its position in Hawaiian Electric Industries by 156.6% during the 3rd quarter. Quarry LP now owns 4,503 shares of the utilities provider’s stock valued at $44,000 after buying an additional 2,748 shares in the last quarter. Finally, Millburn Ridgefield Corp acquired a new position in Hawaiian Electric Industries during the 3rd quarter valued at about $55,000. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Stock Performance

Hawaiian Electric Industries stock opened at $10.16 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. The business’s 50-day simple moving average is $9.54 and its two-hundred day simple moving average is $10.69. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Evercore ISI reduced their target price 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. Jefferies Financial Group reduced their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a research report on Friday, January 3rd. StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Barclays initiated coverage on Hawaiian Electric Industries in a research report on Thursday, February 6th. They set an “equal weight” rating and a $10.00 target price on the stock. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.50.

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.