Voleon Capital Management LP purchased a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 91,737 shares of the utilities provider's stock, valued at approximately $893,000. Voleon Capital Management LP owned 0.05% of Hawaiian Electric Industries as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Hawaiian Electric Industries by 203.0% during the fourth 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 during the period. R Squared Ltd purchased a new stake in shares of Hawaiian Electric Industries during the 4th quarter valued at approximately $36,000. Jones Financial Companies Lllp boosted its holdings in Hawaiian Electric Industries by 63.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,844 shares of the utilities provider's stock worth $47,000 after buying an additional 1,889 shares during the period. Sterling Capital Management LLC grew its stake in 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 buying an additional 4,651 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in Hawaiian Electric Industries by 50.9% during the 4th quarter. Amalgamated Bank now owns 5,650 shares of the utilities provider's stock valued at $55,000 after acquiring an additional 1,905 shares during the period. Hedge funds and other institutional investors own 59.91% of the company's stock.
Hawaiian Electric Industries Price Performance
NYSE HE traded down $0.01 during trading on Friday, reaching $10.22. The company's stock had a trading volume of 1,316,486 shares, compared to its average volume of 3,456,555. The firm has a fifty day moving average of $10.54 and a 200 day moving average of $10.13. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19. The stock has a market capitalization of $1.76 billion, a PE ratio of -0.86 and a beta of 0.64. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.18.
Hawaiian Electric Industries (NYSE:HE - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The company had revenue of $799.18 million during the quarter. Analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Evercore ISI upgraded Hawaiian Electric Industries from an "in-line" rating to an "outperform" rating and upped their price target for the company from $12.00 to $14.00 in a research report on Friday, March 7th. StockNews.com downgraded shares of Hawaiian Electric Industries from a "hold" rating to a "sell" rating in a report on Tuesday, February 11th. Finally, Barclays boosted 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.00.
Check Out Our Latest Stock Report on Hawaiian Electric Industries
About Hawaiian Electric Industries
(
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.
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