Trexquant Investment LP Buys New Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Trexquant Investment LP purchased a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 46,732 shares of the utilities provider's stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of Hawaiian Electric Industries by 203.0% in the fourth 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 during the last quarter. R Squared Ltd purchased a new stake in Hawaiian Electric Industries during the 4th quarter worth about $36,000. Jones Financial Companies Lllp raised its stake in Hawaiian Electric Industries by 63.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 1,889 shares during the last quarter. Amalgamated Bank lifted its holdings in Hawaiian Electric Industries by 50.9% in the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of Hawaiian Electric Industries by 422.4% during the 4th quarter. Westside Investment Management Inc. now owns 7,915 shares of the utilities provider's stock worth $77,000 after purchasing an additional 6,400 shares during the last quarter. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

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Hawaiian Electric Industries Trading Up 3.0 %

Shares of HE traded up $0.31 during trading hours on Tuesday, hitting $10.36. The stock had a trading volume of 2,557,867 shares, compared to its average volume of 3,560,640. The company's fifty day simple moving average is $10.56 and its 200 day simple moving average is $10.08. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19. 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 firm has a market cap of $1.79 billion, a P/E ratio of -0.88 and a beta of 0.51.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). The firm had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. Equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HE. Wells Fargo & Company raised their target price on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $12.00 to $14.00 in a report on Friday, March 7th. Jefferies Financial Group dropped their target price on Hawaiian Electric Industries from $11.50 to $10.50 and set a "hold" rating for the company in a research note on Friday, January 3rd. StockNews.com lowered Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Finally, Barclays upped their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Hawaiian Electric Industries presently has a consensus rating of "Hold" and a consensus price target of $12.00.

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.