Two Sigma Advisers LP Buys 230,900 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Two Sigma Advisers LP boosted its position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 963,700 shares of the utilities provider's stock after buying an additional 230,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.56% of Hawaiian Electric Industries worth $9,377,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP lifted its position in shares of Hawaiian Electric Industries by 165.6% in the fourth quarter. Two Sigma Investments LP now owns 2,043,726 shares of the utilities provider's stock worth $19,885,000 after purchasing an additional 1,274,119 shares in the last quarter. Sagefield Capital LP bought a new position in shares of Hawaiian Electric Industries in the 4th quarter valued at about $1,215,000. ProShare Advisors LLC increased its position in shares of Hawaiian Electric Industries by 50.0% in the fourth quarter. ProShare Advisors LLC now owns 46,660 shares of the utilities provider's stock valued at $454,000 after acquiring an additional 15,543 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Hawaiian Electric Industries by 141.8% during the fourth quarter. Quantinno Capital Management LP now owns 537,177 shares of the utilities provider's stock worth $5,227,000 after acquiring an additional 315,009 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hawaiian Electric Industries by 15.4% during the fourth 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 during the last quarter. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Performance

Shares of NYSE HE traded up $0.03 during mid-day trading on Wednesday, reaching $10.90. 856,512 shares of the company were exchanged, compared to its average volume of 3,418,333. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. The stock has a market capitalization of $1.88 billion, a P/E ratio of -0.92 and a beta of 0.64. The company's 50-day simple moving average is $10.42 and its 200-day simple moving average is $10.18. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. The company 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 quarter last year, the business posted $0.38 EPS. As a group, research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

HE has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Barclays boosted their target price on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Wall Street Zen upgraded shares of Hawaiian Electric Industries from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Evercore ISI upgraded shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. Finally, Jefferies Financial Group lifted their price target on Hawaiian Electric Industries from $11.00 to $11.25 and gave the stock a "hold" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.19.

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.