Hawaiian Electric Industries, Inc. $HE Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its position in Hawaiian Electric Industries by 593.7% in the first quarter, now owning approximately 0.19% of the company valued at $3.55 million.
• Hawaiian Electric Industries' stock is currently priced at $12.26, showing a 5.4% decline, with a market cap of $2.12 billion and a negative PE ratio of -12.13.
• Despite the recent earnings miss, several Wall Street analysts have given the stock a consensus “Hold” rating, with a price target averaging $11.94.

Trexquant Investment LP increased its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 593.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,158 shares of the utilities provider's stock after buying an additional 277,426 shares during the period. Trexquant Investment LP owned about 0.19% of Hawaiian Electric Industries worth $3,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HE. Raymond James Financial Inc. purchased a new stake in shares of Hawaiian Electric Industries in the 4th quarter worth about $342,000. Dimensional Fund Advisors LP boosted its position in shares of Hawaiian Electric Industries by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,052,117 shares of the utilities provider's stock worth $10,237,000 after buying an additional 126,614 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Hawaiian Electric Industries by 88.4% in the 4th quarter. Hsbc Holdings PLC now owns 64,476 shares of the utilities provider's stock worth $633,000 after buying an additional 30,244 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hawaiian Electric Industries by 18.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 139,848 shares of the utilities provider's stock worth $1,361,000 after buying an additional 21,873 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Hawaiian Electric Industries by 41.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 82,070 shares of the utilities provider's stock valued at $799,000 after purchasing an additional 24,247 shares during the last quarter. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on HE shares. 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. Jefferies Financial Group boosted their target price on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a research note on Wednesday, May 28th. Finally, Barclays cut their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.94.

Hawaiian Electric Industries Trading Down 0.8%

HE traded down $0.10 on Monday, reaching $12.22. 364,570 shares of the company's stock were exchanged, compared to its average volume of 2,291,676. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -12.09 and a beta of 0.69. Hawaiian Electric Industries, Inc. has a twelve month low of $8.14 and a twelve month high of $13.41. The company's 50 day moving average is $11.29 and its 200-day moving average is $10.82. 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 (NYSE:HE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share 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%. Equities analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current 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.