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

Quantinno Capital Management LP boosted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 141.8% during the fourth quarter, according to the company in its most recent filing 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 period. Quantinno Capital Management LP owned 0.31% of Hawaiian Electric Industries worth $5,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Hawaiian Electric Industries by 203.0% during the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock valued at $30,000 after buying an additional 2,062 shares in the last quarter. R Squared Ltd bought a new position in shares of Hawaiian Electric Industries during the fourth quarter worth $36,000. Comerica Bank grew its stake in Hawaiian Electric Industries by 69.3% during the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 1,715 shares in the last quarter. Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 1,889 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Hawaiian Electric Industries by 816.0% in the 4th quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 4,651 shares during the last quarter. Institutional investors own 59.91% of the company's stock.

Analyst Upgrades and Downgrades

HE has been the topic of several research reports. Wells Fargo & Company lifted their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Barclays increased their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Wall Street Zen upgraded shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $12.00.

Hawaiian Electric Industries Trading Up 0.1%

HE traded up $0.02 on Friday, hitting $10.57. The company had a trading volume of 287,857 shares, compared to its average volume of 3,414,629. Hawaiian Electric Industries, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. The business's fifty day simple moving average is $10.44 and its 200 day simple moving average is $10.18. The company has a market cap of $1.82 billion, a PE ratio of -0.89 and a beta of 0.64.

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