Susquehanna Fundamental Investments LLC Takes $3.31 Million Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Susquehanna Fundamental Investments LLC bought a new position in Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 340,491 shares of the utilities provider's stock, valued at approximately $3,313,000. Susquehanna Fundamental Investments LLC owned about 0.20% of Hawaiian Electric Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HE. Blue Trust Inc. increased its stake in Hawaiian Electric Industries by 203.0% in the 4th quarter. Blue Trust Inc. now owns 3,078 shares of the utilities provider's stock worth $30,000 after purchasing an additional 2,062 shares in the last quarter. R Squared Ltd purchased a new position in shares of Hawaiian Electric Industries in the fourth quarter worth approximately $36,000. Jones Financial Companies Lllp raised its holdings 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 valued at $47,000 after acquiring an additional 1,889 shares during the period. Sterling Capital Management LLC lifted its position in shares of Hawaiian Electric Industries by 816.0% in the 4th quarter. Sterling Capital Management LLC now owns 5,221 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 4,651 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Hawaiian Electric Industries by 50.9% in the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock worth $55,000 after purchasing an additional 1,905 shares during the period. 59.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays boosted their target price 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. Evercore ISI raised Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $12.00 to $14.00 in a research note on Friday, March 7th. StockNews.com cut Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company raised their price target 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.00.

Hawaiian Electric Industries Stock Up 1.4 %

Shares of HE traded up $0.15 during midday trading on Monday, reaching $10.36. 654,456 shares of the stock were exchanged, compared to its average volume of 2,723,881. The company has a market cap of $1.79 billion, a price-to-earnings ratio of -0.88 and a beta of 0.64. 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, Inc. has a 12-month low of $7.61 and a 12-month high of $18.19. The firm has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $10.13.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19). The business had revenue of $799.18 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. Research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

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.