Maven Securities LTD Purchases Shares of 200,220 Hawaiian Electric Industries, Inc. (NYSE:HE)

Maven Securities LTD purchased a new position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 200,220 shares of the utilities provider's stock, valued at approximately $1,938,000. Maven Securities LTD owned about 0.18% of Hawaiian Electric Industries as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Hawaiian Electric Industries by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 79,562 shares of the utilities provider's stock valued at $897,000 after buying an additional 3,551 shares during the period. Public Employees Retirement System of Ohio lifted its position in Hawaiian Electric Industries by 22.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 75,286 shares of the utilities provider's stock worth $848,000 after acquiring an additional 13,660 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of Hawaiian Electric Industries during the 1st quarter worth about $182,000. GAMMA Investing LLC increased its holdings in shares of Hawaiian Electric Industries by 82.3% during the 2nd quarter. GAMMA Investing LLC now owns 9,540 shares of the utilities provider's stock worth $86,000 after purchasing an additional 4,308 shares during the period. Finally, CWM LLC increased its holdings in shares of Hawaiian Electric Industries by 153.1% during the 2nd quarter. CWM LLC now owns 23,540 shares of the utilities provider's stock worth $212,000 after purchasing an additional 14,240 shares during the period. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on HE. Wells Fargo & Company dropped their price objective on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating on the stock in a report on Monday, September 30th. Evercore ISI lowered their target price on shares of 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. Jefferies Financial Group started coverage on shares of Hawaiian Electric Industries in a research note on Tuesday. They issued a "hold" rating and a $11.50 target price on the stock. Finally, StockNews.com cut shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Friday, October 4th.

Hawaiian Electric Industries Price Performance

Hawaiian Electric Industries stock traded up $0.05 during trading hours on Wednesday, hitting $10.23. 3,432,435 shares of the stock were exchanged, compared to its average volume of 3,365,107. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The business's 50-day moving average is $10.11 and its two-hundred day moving average is $11.14. The stock has a market capitalization of $1.76 billion, a P/E ratio of -0.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its earnings results on Friday, November 8th. The utilities provider reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). The business had revenue of $983.38 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share.

Hawaiian Electric Industries 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.