Two Sigma Investments LP Raises Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Two Sigma Investments LP increased its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 165.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,043,726 shares of the utilities provider's stock after buying an additional 1,274,119 shares during the period. Two Sigma Investments LP owned about 1.18% of Hawaiian Electric Industries worth $19,885,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its stake in shares of Hawaiian Electric Industries by 3.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 31,078 shares of the utilities provider's stock worth $302,000 after purchasing an additional 1,080 shares during the last quarter. Xponance Inc. increased its position in Hawaiian Electric Industries by 10.9% in the fourth quarter. Xponance Inc. now owns 11,935 shares of the utilities provider's stock worth $116,000 after buying an additional 1,171 shares during the last quarter. Comerica Bank raised its stake in shares of Hawaiian Electric Industries by 69.3% in the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock valued at $41,000 after buying an additional 1,715 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Hawaiian Electric Industries by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock valued at $47,000 after buying an additional 1,889 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Hawaiian Electric Industries by 50.9% during the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after acquiring an additional 1,905 shares during the period. Institutional investors own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Down 2.1%

Shares of NYSE HE opened at $10.60 on Thursday. 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 company has a market cap of $1.83 billion, a P/E ratio of -0.90 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a 52 week low of $7.61 and a 52 week high of $18.19. The business has a 50-day simple moving average of $10.46 and a two-hundred day simple moving average of $10.18.

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

Wall Street Analysts Forecast Growth

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

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.

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