Quadrature Capital Ltd Increases Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Quadrature Capital Ltd boosted its stake in Hawaiian Electric Industries, Inc. (NYSE:HEFree Report) by 16.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 157,903 shares of the utilities provider’s stock after buying an additional 22,363 shares during the quarter. Quadrature Capital Ltd’s holdings in Hawaiian Electric Industries were worth $2,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of HE. Swiss National Bank raised its holdings in shares of Hawaiian Electric Industries by 1.0% in the third quarter. Swiss National Bank now owns 240,900 shares of the utilities provider’s stock valued at $2,965,000 after buying an additional 2,300 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Hawaiian Electric Industries by 21.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,269 shares of the utilities provider’s stock valued at $139,000 after buying an additional 2,010 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Hawaiian Electric Industries by 174.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 183,301 shares of the utilities provider’s stock valued at $2,256,000 after buying an additional 116,583 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Hawaiian Electric Industries by 38.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,386 shares of the utilities provider’s stock valued at $116,000 after buying an additional 2,625 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Hawaiian Electric Industries in the third quarter valued at about $812,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Trading Down 0.4 %

Shares of Hawaiian Electric Industries stock opened at $9.60 on Tuesday. Hawaiian Electric Industries, Inc. has a 52-week low of $8.74 and a 52-week high of $40.16. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19. The company’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $12.02. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 5.70 and a beta of 0.61.

Hawaiian Electric Industries (NYSE:HEGet Free Report) last issued its earnings results on Friday, May 10th. The utilities provider reported $0.45 earnings per share for the quarter. Hawaiian Electric Industries had a net margin of 5.16% and a return on equity of 9.58%. The company had revenue of $897.16 million for the quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HE shares. StockNews.com cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Monday, May 27th. Wells Fargo & Company boosted their price target on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an “underweight” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $11.63.

Get Our Latest Report on HE

Hawaiian Electric Industries Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding HE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawaiian Electric Industries, Inc. (NYSE:HEFree Report).

Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

Receive News & Ratings for Hawaiian Electric Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Electric Industries and related companies with MarketBeat.com's FREE daily email newsletter.