Jump Financial LLC Takes Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Jump Financial LLC bought a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 124,042 shares of the utilities provider's stock, valued at approximately $1,207,000. Jump Financial LLC owned 0.07% of Hawaiian Electric Industries at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HE. Commonwealth Equity Services LLC raised its position in Hawaiian Electric Industries by 3.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider's stock valued at $302,000 after purchasing an additional 1,080 shares in the last quarter. Xponance Inc. grew its holdings in shares of Hawaiian Electric Industries by 10.9% during the 4th quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock valued at $116,000 after purchasing an additional 1,171 shares during the last quarter. Diversified Trust Co lifted its stake in Hawaiian Electric Industries by 2.9% in the 4th quarter. Diversified Trust Co now owns 41,455 shares of the utilities provider's stock valued at $403,000 after purchasing an additional 1,184 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Hawaiian Electric Industries by 63.9% in the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after buying an additional 1,889 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Hawaiian Electric Industries by 50.9% during the fourth quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after buying an additional 1,905 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Electric Industries Trading Down 2.8 %

NYSE HE traded down $0.30 during mid-day trading on Friday, reaching $10.07. 1,248,778 shares of the stock were exchanged, compared to its average volume of 3,484,382. The stock has a market cap of $1.74 billion, a P/E ratio of -0.85 and a beta of 0.51. 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, Inc. has a one year low of $7.61 and a one year high of $18.19. The stock has a 50 day simple moving average of $10.61 and a 200-day simple moving average of $10.12.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The business had revenue of $799.18 million during the quarter. On average, analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analysts Set New Price Targets

HE has been the topic of a number of research reports. Barclays boosted their price objective on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Jefferies Financial Group dropped 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 report on Friday, January 3rd. Wells Fargo & Company upped their price target on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. StockNews.com lowered shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Finally, Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.

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.