RBF Capital LLC Has $2.90 Million Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

RBF Capital LLC raised its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 650.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the utilities provider's stock after purchasing an additional 260,000 shares during the quarter. RBF Capital LLC owned 0.27% of Hawaiian Electric Industries worth $2,904,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HE. FMR LLC grew its position 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 worth $51,698,000 after acquiring an additional 5,274,633 shares in the last quarter. AQR Capital Management LLC grew its position 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 worth $60,308,000 after acquiring an additional 2,312,950 shares in the last quarter. Millennium Management LLC grew its position in shares of Hawaiian Electric Industries by 79.0% in the 2nd quarter. Millennium Management LLC now owns 1,870,088 shares of the utilities provider's stock worth $16,868,000 after acquiring an additional 825,073 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hawaiian Electric Industries by 20.5% in 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 purchasing an additional 514,989 shares during the last quarter. Finally, Seven Grand Managers LLC bought a new stake in shares of Hawaiian Electric Industries in the 3rd quarter worth approximately $4,888,000. Institutional investors and hedge funds own 59.91% of the company's stock.

Hawaiian Electric Industries Trading Down 0.2 %

Shares of NYSE HE traded down $0.02 during mid-day trading on Thursday, reaching $10.21. The company had a trading volume of 854,310 shares, compared to its average volume of 3,355,646. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The company has a 50-day moving average price of $10.12 and a two-hundred day moving average price of $11.13. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19.

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 analysts' consensus estimates of $0.53 by ($0.07). The company had revenue of $983.38 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The firm's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS.

Analysts Set New Price Targets

Several brokerages recently issued reports on HE. StockNews.com downgraded Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Friday, October 4th. Jefferies Financial Group assumed coverage on Hawaiian Electric Industries in a research note on Tuesday. They set a "hold" rating and a $11.50 target price on the stock. Wells Fargo & Company cut their target price on 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. Finally, Evercore ISI lowered 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.

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.