Quantinno Capital Management LP Cuts Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Quantinno Capital Management LP trimmed its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 21.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 222,168 shares of the utilities provider's stock after selling 59,838 shares during the period. Quantinno Capital Management LP owned about 0.20% of Hawaiian Electric Industries worth $2,151,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HE. FMR LLC raised its stake in shares of Hawaiian Electric Industries by 7,986.3% in the 3rd quarter. FMR LLC now owns 5,340,679 shares of the utilities provider's stock valued at $51,698,000 after acquiring an additional 5,274,633 shares during the period. AQR Capital Management LLC raised its stake in shares of Hawaiian Electric Industries by 52.8% in the 2nd quarter. AQR Capital Management LLC now owns 6,693,424 shares of the utilities provider's stock valued at $60,308,000 after acquiring an additional 2,312,950 shares during the period. Millennium Management LLC increased its stake in Hawaiian Electric Industries by 79.0% during the 2nd quarter. Millennium Management LLC now owns 1,870,088 shares of the utilities provider's stock worth $16,868,000 after buying an additional 825,073 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Hawaiian Electric Industries by 20.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,021,649 shares of the utilities provider's stock worth $29,250,000 after buying an additional 514,989 shares during the period. Finally, Seven Grand Managers LLC purchased a new stake in Hawaiian Electric Industries during the 3rd quarter worth approximately $4,888,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HE has been the topic of several recent research reports. Wells Fargo & Company cut their target price on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an "equal weight" rating on the stock in a research note on Monday, September 30th. Evercore ISI cut 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, December 3rd. They set 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 report on Friday, October 4th.

Hawaiian Electric Industries Stock Down 1.0 %

Shares of Hawaiian Electric Industries stock traded down $0.10 during trading hours on Wednesday, hitting $10.35. The company had a trading volume of 1,903,468 shares, compared to its average volume of 3,339,163. The company's 50-day moving average is $10.19 and its two-hundred day moving average is $11.12. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. 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 company has a market cap of $1.79 billion, a P/E ratio of -0.88 and a beta of 0.53.

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