Quadrature Capital Ltd purchased a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 135,540 shares of the utilities provider's stock, valued at approximately $1,670,000. Quadrature Capital Ltd owned 0.12% of Hawaiian Electric Industries at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC increased its position in shares of Hawaiian Electric Industries by 101.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 40,300 shares of the utilities provider's stock worth $496,000 after purchasing an additional 20,258 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Hawaiian Electric Industries in the 3rd quarter worth about $189,000. Caxton Associates LP bought a new stake in shares of Hawaiian Electric Industries in the 3rd quarter worth about $644,000. Sherbrooke Park Advisers LLC increased its position in shares of Hawaiian Electric Industries by 1,234.9% in the 3rd quarter. Sherbrooke Park Advisers LLC now owns 129,364 shares of the utilities provider's stock worth $1,592,000 after purchasing an additional 119,673 shares during the last quarter. Finally, Clough Capital Partners L P acquired a new position in shares of Hawaiian Electric Industries in the 3rd quarter valued at about $6,176,000. Hedge funds and other institutional investors own 53.64% of the company's stock.
Hawaiian Electric Industries Price Performance
NYSE HE opened at $11.95 on Monday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 1.21. Hawaiian Electric Industries, Inc. has a 12-month low of $9.06 and a 12-month high of $40.18. The company has a market capitalization of $1.32 billion, a PE ratio of 6.60 and a beta of 0.54. The firm's 50 day moving average is $13.45 and its 200-day moving average is $13.11.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. The firm had revenue of $961.40 million during the quarter. Hawaiian Electric Industries had a net margin of 5.45% and a return on equity of 9.99%. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share.
Analyst Ratings Changes
HE has been the subject of several research reports. Evercore ISI lifted their price target on shares of Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an "in-line" rating in a report on Thursday, February 15th. Wells Fargo & Company lowered shares of Hawaiian Electric Industries from an "equal weight" rating to an "underweight" rating and boosted their target price for the company from $8.00 to $8.50 in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to data from MarketBeat.com, Hawaiian Electric Industries currently has an average rating of "Reduce" and a consensus price target of $11.50.
Read Our Latest Research Report on HE
Hawaiian Electric Industries Company Profile
(
Free Report)
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.
Further Reading
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