Two Sigma Investments LP Buys 1,274,119 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Two Sigma Investments LP raised its stake in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 165.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,043,726 shares of the utilities provider's stock after buying an additional 1,274,119 shares during the quarter. Two Sigma Investments LP owned 1.18% of Hawaiian Electric Industries worth $19,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Hawaiian Electric Industries by 203.0% in the fourth 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 during the period. R Squared Ltd acquired a new stake in shares of Hawaiian Electric Industries during the fourth quarter worth about $36,000. Comerica Bank raised its position in shares of Hawaiian Electric Industries by 69.3% during the fourth quarter. Comerica Bank now owns 4,189 shares of the utilities provider's stock worth $41,000 after purchasing an additional 1,715 shares during the period. Jones Financial Companies Lllp raised its position in shares of Hawaiian Electric Industries by 63.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after purchasing an additional 1,889 shares during the period. Finally, Sterling Capital Management LLC raised its position in shares of Hawaiian Electric Industries by 816.0% during the fourth quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock worth $51,000 after purchasing an additional 4,651 shares during the period. Institutional investors and hedge funds own 59.91% of the company's stock.

Hawaiian Electric Industries Stock Up 3.3%

Shares of NYSE:HE traded up $0.36 during mid-day trading on Tuesday, reaching $10.97. 472,241 shares of the stock were exchanged, compared to its average volume of 3,423,825. 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 $1.89 billion, a P/E ratio of -0.93 and a beta of 0.64. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The stock's 50 day simple moving average is $10.43 and its 200-day simple moving average is $10.18.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. The business had revenue of $744.07 million during 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 in the previous year, the business posted $0.38 earnings per share. As a group, equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen raised 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 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. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $12.00 to $14.00 in a research report on Friday, March 7th. Finally, Barclays raised their price target on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.00.

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.