Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. raised its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 21,000.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 211,000 shares of the utilities provider's stock after buying an additional 210,000 shares during the period. Hussman Strategic Advisors Inc. owned about 0.12% of Hawaiian Electric Industries worth $2,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zimmer Partners LP bought a new position in Hawaiian Electric Industries in the third quarter valued at about $145,200,000. FMR LLC increased its position in shares of Hawaiian Electric Industries by 7,986.3% during the 3rd quarter. FMR LLC now owns 5,340,679 shares of the utilities provider's stock valued at $51,698,000 after purchasing an additional 5,274,633 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Hawaiian Electric Industries by 656.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider's stock worth $27,499,000 after purchasing an additional 2,362,863 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Hawaiian Electric Industries by 49.3% in the third quarter. Geode Capital Management LLC now owns 3,793,142 shares of the utilities provider's stock worth $36,725,000 after buying an additional 1,253,143 shares during the last quarter. Finally, State Street Corp grew its position in Hawaiian Electric Industries by 19.8% during the third quarter. State Street Corp now owns 3,368,096 shares of the utilities provider's stock valued at $32,603,000 after buying an additional 556,747 shares during the period. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Price Performance

Shares of HE traded down $0.21 during trading hours on Friday, reaching $10.77. 2,959,394 shares of the stock traded hands, compared to its average volume of 3,161,248. The company has a market cap of $1.86 billion, a P/E ratio of -0.91 and a beta of 0.53. 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 company's 50-day moving average price is $9.55 and its two-hundred day moving average price is $10.48. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week 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 the consensus estimate 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%. On average, analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Barclays started coverage on Hawaiian Electric Industries in a report on Thursday, February 6th. They issued an "equal weight" rating and a $10.00 target price on the stock. Jefferies Financial Group cut their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating for the company in a report on Friday, January 3rd. Finally, Evercore ISI decreased their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an "in-line" rating on the stock in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.