Schonfeld Strategic Advisors LLC Grows Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Schonfeld Strategic Advisors LLC grew its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 200.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 333,940 shares of the utilities provider's stock after buying an additional 222,968 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.19% of Hawaiian Electric Industries worth $3,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HE. Northern Trust Corp raised its holdings in shares of Hawaiian Electric Industries by 7.9% in the 4th quarter. Northern Trust Corp now owns 1,530,418 shares of the utilities provider's stock valued at $14,891,000 after purchasing an additional 111,698 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Hawaiian Electric Industries by 41.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 82,070 shares of the utilities provider's stock valued at $799,000 after buying an additional 24,247 shares in the last quarter. Quarry LP boosted its position in Hawaiian Electric Industries by 43.3% during the fourth quarter. Quarry LP now owns 6,453 shares of the utilities provider's stock worth $63,000 after purchasing an additional 1,950 shares in the last quarter. Aquatic Capital Management LLC lifted its position in Hawaiian Electric Industries by 68.6% during the fourth quarter. Aquatic Capital Management LLC now owns 133,381 shares of the utilities provider's stock worth $1,298,000 after buying an additional 54,281 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Hawaiian Electric Industries during the fourth quarter worth $3,313,000. 59.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HE has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Evercore ISI raised shares of Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $12.00 to $14.00 in a research note on Friday, March 7th. Wells Fargo & Company raised their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Finally, Barclays increased 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.00.

Hawaiian Electric Industries Stock Up 0.8 %

Shares of HE stock traded up $0.08 on Wednesday, reaching $10.42. 1,356,733 shares of the stock were exchanged, compared to its average volume of 3,437,539. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64. The business's 50 day moving average price is $10.53 and its 200 day moving average price is $10.13. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.19). The business had revenue of $799.18 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. As a group, sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share 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.