Quantbot Technologies LP Decreases Stake in Hawaiian Electric Industries, Inc. $HE

Key Points

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Quantbot Technologies LP lessened its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,327 shares of the utilities provider's stock after selling 34,319 shares during the quarter. Quantbot Technologies LP owned about 0.23% of Hawaiian Electric Industries worth $4,318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HE. LPL Financial LLC boosted its position in shares of Hawaiian Electric Industries by 13.1% during the 4th quarter. LPL Financial LLC now owns 47,444 shares of the utilities provider's stock worth $462,000 after purchasing an additional 5,489 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Hawaiian Electric Industries by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 135,158 shares of the utilities provider's stock worth $1,315,000 after purchasing an additional 25,750 shares in the last quarter. Invesco Ltd. boosted its position in shares of Hawaiian Electric Industries by 14.3% during the 4th quarter. Invesco Ltd. now owns 224,839 shares of the utilities provider's stock worth $2,188,000 after purchasing an additional 28,141 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Hawaiian Electric Industries by 9.8% during the 4th quarter. Legal & General Group Plc now owns 492,238 shares of the utilities provider's stock worth $4,789,000 after purchasing an additional 43,998 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Hawaiian Electric Industries by 91.8% during the 4th quarter. Renaissance Technologies LLC now owns 500,600 shares of the utilities provider's stock worth $4,871,000 after purchasing an additional 239,600 shares in the last quarter. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Up 4.6%

NYSE:HE traded up $0.5370 on Friday, hitting $12.1770. The stock had a trading volume of 2,884,973 shares, compared to its average volume of 1,870,141. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $2.10 billion, a P/E ratio of -12.06 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a 1 year low of $8.14 and a 1 year high of $13.18. The firm's fifty day simple moving average is $10.88 and its two-hundred day simple moving average is $10.67.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $746.39 million during the quarter. Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. Analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities 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 report on Monday, May 12th. Barclays dropped their price target on shares of 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. Finally, Jefferies Financial Group raised their price target on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the company a "hold" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Hawaiian Electric Industries has an average rating of "Hold" and a consensus target price of $11.94.

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.