Hawaiian Electric Industries, Inc. $HE Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Hawaiian Electric Industries by 40.6% in the first quarter, holding approximately 174,407 shares valued at $1.91 million.
• Hawaiian Electric's latest earnings report showed an EPS of $0.20, which missed analysts' expectations, while the company reported a revenue of $746.39 million for the quarter.
• Institutional investors own 59.91% of Hawaiian Electric's stock, indicating significant interest from major investors in the utility sector.

Jump Financial LLC boosted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 40.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,407 shares of the utilities provider's stock after purchasing an additional 50,365 shares during the period. Jump Financial LLC owned about 0.10% of Hawaiian Electric Industries worth $1,910,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of Hawaiian Electric Industries by 379.3% in the 1st quarter. Allworth Financial LP now owns 2,574 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 2,037 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Hawaiian Electric Industries by 3,797.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,469 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 3,380 shares during the period. Comerica Bank boosted its holdings in Hawaiian Electric Industries by 69.3% in the 4th quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 1,715 shares during the period. Byrne Asset Management LLC increased its stake in Hawaiian Electric Industries by 34.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,887 shares of the utilities provider's stock worth $43,000 after acquiring an additional 987 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Hawaiian Electric Industries by 51.2% in the 1st quarter. US Bancorp DE now owns 4,293 shares of the utilities provider's stock worth $47,000 after buying an additional 1,453 shares during the last quarter. Institutional investors own 59.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a report on Wednesday, May 28th. Wall Street Zen raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Barclays lowered their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $11.94.

Hawaiian Electric Industries Price Performance

HE stock traded up $0.08 during trading on Monday, hitting $12.97. 4,748,701 shares of the company's stock traded hands, compared to its average volume of 2,204,580. The business has a fifty day simple moving average of $11.11 and a 200 day simple moving average of $10.75. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.07 and a current ratio of 1.07. Hawaiian Electric Industries, Inc. has a 52 week low of $8.14 and a 52 week high of $13.41. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -12.84 and a beta of 0.69.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). The company had revenue of $746.39 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. As a group, research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

About Hawaiian Electric Industries

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.