Y Intercept Hong Kong Ltd Raises Stock Holdings in Hawaiian Electric Industries, Inc. $HE

Y Intercept Hong Kong Ltd grew its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 445.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,083 shares of the utilities provider’s stock after buying an additional 96,425 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.07% of Hawaiian Electric Industries worth $1,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Foundry Partners LLC purchased a new stake in shares of Hawaiian Electric Industries during the first quarter worth about $6,905,000. Nuveen LLC purchased a new stake in shares of Hawaiian Electric Industries during the first quarter worth about $5,895,000. Allianz Asset Management GmbH grew its position in shares of Hawaiian Electric Industries by 52.1% during the first quarter. Allianz Asset Management GmbH now owns 1,133,574 shares of the utilities provider’s stock worth $12,413,000 after purchasing an additional 388,334 shares in the last quarter. Trexquant Investment LP grew its position in shares of Hawaiian Electric Industries by 593.7% during the first quarter. Trexquant Investment LP now owns 324,158 shares of the utilities provider’s stock worth $3,550,000 after purchasing an additional 277,426 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Hawaiian Electric Industries by 6.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,687,636 shares of the utilities provider’s stock worth $40,380,000 after purchasing an additional 216,114 shares in the last quarter. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Trading Down 0.5%

Shares of NYSE HE opened at $11.57 on Tuesday. The business’s 50 day moving average price is $11.74 and its 200-day moving average price is $11.09. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -11.45 and a beta of 0.66. Hawaiian Electric Industries, Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $13.41. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.07 and a current ratio of 1.07.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $746.39 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. On average, sell-side analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on HE. Weiss Ratings reissued a “sell (e+)” rating on shares of Hawaiian Electric Industries in a research note on Wednesday, October 8th. Barclays dropped their price target on Hawaiian Electric Industries from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Finally, Jefferies Financial Group raised Hawaiian Electric Industries to a “hold” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.94.

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.