Quantinno Capital Management LP Raises Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Quantinno Capital Management LP lifted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 141.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 537,177 shares of the utilities provider's stock after acquiring an additional 315,009 shares during the quarter. Quantinno Capital Management LP owned 0.31% of Hawaiian Electric Industries worth $5,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hawaiian Electric Industries by 15.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,424 shares of the utilities provider's stock valued at $1,016,000 after purchasing an additional 13,933 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Hawaiian Electric Industries in the fourth quarter valued at $5,680,000. Graham Capital Management L.P. purchased a new stake in Hawaiian Electric Industries during the 4th quarter worth about $325,000. Ensign Peak Advisors Inc boosted its position in shares of Hawaiian Electric Industries by 50.2% during the 4th quarter. Ensign Peak Advisors Inc now owns 75,298 shares of the utilities provider's stock worth $733,000 after acquiring an additional 25,150 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Hawaiian Electric Industries by 139.2% in the 4th quarter. Deutsche Bank AG now owns 687,406 shares of the utilities provider's stock valued at $6,688,000 after acquiring an additional 400,002 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Performance

NYSE HE traded down $0.22 during trading on Wednesday, reaching $10.60. The company's stock had a trading volume of 1,324,283 shares, compared to its average volume of 3,418,601. The business's fifty day moving average price is $10.46 and its 200-day moving average price is $10.18. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve 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 $1.83 billion, a price-to-earnings ratio of -0.90 and a beta of 0.64.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The firm had revenue of $744.07 million for the quarter. During the same quarter last year, the firm earned $0.38 EPS. As a group, analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HE shares. Wells Fargo & Company boosted their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Barclays boosted their price objective on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Finally, StockNews.com raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.