46,732 Shares in Hawaiian Electric Industries, Inc. (NYSE:HE) Bought by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 46,732 shares of the utilities provider’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Hawaiian Electric Industries by 203.0% during 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 acquired a new stake in Hawaiian Electric Industries in the fourth quarter valued at $36,000. Jones Financial Companies Lllp lifted its stake in Hawaiian Electric Industries by 63.9% in 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 last quarter. Amalgamated Bank increased its stake in shares of Hawaiian Electric Industries by 50.9% during 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 last quarter. Finally, Westside Investment Management Inc. raised its holdings in shares of Hawaiian Electric Industries by 422.4% in the 4th quarter. Westside Investment Management Inc. now owns 7,915 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 6,400 shares during the period. 59.91% of the stock is owned by institutional investors.

Hawaiian Electric Industries Stock Performance

NYSE:HE opened at $9.68 on Friday. The stock has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $10.07. The stock has a market cap of $1.67 billion, a P/E ratio of -0.82 and a beta of 0.51. Hawaiian Electric Industries, Inc. has a 1-year low of $7.61 and a 1-year high of $18.19. 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 (NYSE:HE) last posted its earnings results on Friday, February 21st. The utilities provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.19). The firm 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 anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

HE has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lifted their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Barclays increased their price target on 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 raised their price target for the company from $12.00 to $14.00 in a report on Friday, March 7th. Finally, StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.00.

About Hawaiian Electric Industries

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.