Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Hawaiian Electric Industries, Inc. (NYSE:HE). In a filing disclosed on February 11th, the Representative disclosed that they had bought between $50,001 and $100,000 in Hawaiian Electric Industries stock on January 31st. The trade occurred in the Representative's "150 MAIN STREET TRUST > WELLS FARGO ADVISORS" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 2/3/2025.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 1/31/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Agios Pharmaceuticals NASDAQ: AGIO on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of U.S. Physical Therapy NYSE: USPH on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Lantheus NASDAQ: LNTH on 1/28/2025.

Hawaiian Electric Industries Stock Performance

HE stock traded down $0.20 during trading on Friday, reaching $10.16. 2,689,166 shares of the company's stock were exchanged, compared to its average volume of 2,512,963. The company has a quick ratio of 0.18, a current 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's fifty day moving average price is $9.53 and its 200-day moving average price is $10.56. The firm has a market cap of $1.75 billion, a PE ratio of -0.86 and a beta of 0.53.

Institutional Trading of Hawaiian Electric Industries

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in shares of Hawaiian Electric Industries by 203.0% during 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 stake in shares of Hawaiian Electric Industries during the 4th quarter worth about $36,000. KBC Group NV boosted its stake 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 purchasing an additional 1,021 shares during the period. Comerica Bank boosted its stake in Hawaiian Electric Industries by 69.3% during the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 1,715 shares during the period. Finally, UMB Bank n.a. bought a new stake in Hawaiian Electric Industries during the 3rd quarter valued at approximately $42,000. Institutional investors own 59.91% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HE shares. Barclays began 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. Evercore ISI dropped their price target 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 dropped their price target 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. Finally, StockNews.com lowered Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.50.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Hawaiian Electric Industries

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.