Wexford Capital LP Takes Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Wexford Capital LP acquired a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 406,423 shares of the utilities provider's stock, valued at approximately $3,934,000. Hawaiian Electric Industries comprises approximately 0.9% of Wexford Capital LP's investment portfolio, making the stock its 27th biggest position. Wexford Capital LP owned 0.37% of Hawaiian Electric Industries at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its stake in Hawaiian Electric Industries by 19.8% in the third quarter. State Street Corp now owns 3,368,096 shares of the utilities provider's stock worth $32,603,000 after acquiring an additional 556,747 shares during the period. Stifel Financial Corp boosted its stake in Hawaiian Electric Industries by 763.4% in the 3rd quarter. Stifel Financial Corp now owns 341,663 shares of the utilities provider's stock worth $3,307,000 after purchasing an additional 302,091 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Hawaiian Electric Industries by 8.8% during the third quarter. Quadrature Capital Ltd now owns 117,131 shares of the utilities provider's stock valued at $1,134,000 after buying an additional 9,481 shares during the last quarter. Quarry LP boosted 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 valued at $44,000 after purchasing an additional 2,748 shares during the last quarter. Finally, RBF Capital LLC increased its holdings in Hawaiian Electric Industries by 650.0% in the 3rd quarter. RBF Capital LLC now owns 300,000 shares of the utilities provider's stock worth $2,904,000 after buying an additional 260,000 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HE. Evercore ISI decreased their price objective on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating for the company in a report on Tuesday, November 19th. Wells Fargo & Company decreased their target price on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating for the company in a research note on Monday, September 30th. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Friday, October 4th. Finally, Jefferies Financial Group began coverage on Hawaiian Electric Industries in a research report on Tuesday. They set a "hold" rating and a $11.50 price objective for the company.

Hawaiian Electric Industries Trading Up 2.8 %

Shares of Hawaiian Electric Industries stock traded up $0.29 on Friday, hitting $10.66. 1,945,917 shares of the company's stock were exchanged, compared to its average volume of 2,772,471. 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 1 year low of $7.61 and a 1 year high of $18.19. The company has a 50-day simple moving average of $10.14 and a 200-day simple moving average of $11.12.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The company had revenue of $983.38 million during the quarter. During the same period last year, the firm posted $0.37 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

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.