Quantbot Technologies LP Sells 34,319 Shares of Hawaiian Electric Industries, Inc. $HE

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Quantbot Technologies LP decreased its holdings 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 firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in Hawaiian Electric Industries by 269.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 67,720 shares of the utilities provider's stock valued at $742,000 after acquiring an additional 49,400 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Hawaiian Electric Industries by 123.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 88,172 shares of the utilities provider's stock worth $965,000 after purchasing an additional 48,792 shares during the period. Rhumbline Advisers increased its holdings in shares of Hawaiian Electric Industries by 1.1% in the first quarter. Rhumbline Advisers now owns 257,191 shares of the utilities provider's stock worth $2,816,000 after purchasing an additional 2,877 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Hawaiian Electric Industries by 41.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 82,070 shares of the utilities provider's stock worth $799,000 after purchasing an additional 24,247 shares during the period. Finally, Arizona State Retirement System increased its holdings in shares of Hawaiian Electric Industries by 3.7% in the first quarter. Arizona State Retirement System now owns 49,470 shares of the utilities provider's stock worth $542,000 after purchasing an additional 1,771 shares during the period. Institutional investors own 59.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Barclays decreased 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 report on Thursday, July 10th. Finally, Jefferies Financial Group upped their price target on shares of Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock a "hold" rating in a report on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of "Hold" and an average price target of $11.94.

Hawaiian Electric Industries Stock Up 0.3%

Shares of NYSE:HE opened at $11.43 on Tuesday. Hawaiian Electric Industries, Inc. has a 52-week low of $8.14 and a 52-week high of $13.46. The firm has a fifty day moving average of $10.79 and a 200 day moving average of $10.60. The firm has a market capitalization of $1.97 billion, a PE ratio of -11.32 and a beta of 0.64. 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 announced its earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. The company had revenue of $746.39 million during the quarter. As a group, research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.

Hawaiian Electric Industries Company 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.

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