Quantbot Technologies LP Purchases 283,722 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Quantbot Technologies LP raised its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 195.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 428,646 shares of the utilities provider's stock after buying an additional 283,722 shares during the period. Quantbot Technologies LP owned about 0.25% of Hawaiian Electric Industries worth $4,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 2,062 shares in the last quarter. R Squared Ltd bought a new stake in shares of Hawaiian Electric Industries during the fourth quarter worth $36,000. KBC Group NV increased its stake 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 valued at $38,000 after buying an additional 1,021 shares in the last quarter. Quarry LP raised its holdings in shares of Hawaiian Electric Industries by 156.6% in the third 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 during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 59.91% of the company's stock.

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Hawaiian Electric Industries Trading Down 1.2 %

Shares of Hawaiian Electric Industries stock traded down $0.14 on Tuesday, hitting $10.98. 756,479 shares of the company's stock traded hands, compared to its average volume of 3,466,218. The firm's 50-day moving average price is $10.17 and its two-hundred day moving average price is $10.16. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $1.89 billion, a PE ratio of -0.93 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). 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 $799.18 million for the quarter. On average, research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on HE shares. 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. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Wells Fargo & Company increased their price objective on 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 downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. Finally, Barclays upped their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.