Two Sigma Advisers LP Has $9.38 Million Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Two Sigma Advisers LP raised its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 31.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 963,700 shares of the utilities provider’s stock after purchasing an additional 230,900 shares during the quarter. Two Sigma Advisers LP’s holdings in Hawaiian Electric Industries were worth $9,377,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Hawaiian Electric Industries by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider’s stock valued at $177,397,000 after purchasing an additional 1,112,150 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in Hawaiian Electric Industries during the 4th quarter valued at $115,010,000. Geode Capital Management LLC lifted its holdings in Hawaiian Electric Industries by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider’s stock valued at $38,208,000 after purchasing an additional 132,740 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hawaiian Electric Industries by 14.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider’s stock valued at $33,778,000 after purchasing an additional 449,873 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in Hawaiian Electric Industries during the 4th quarter valued at $23,153,000. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Down 0.3%

HE opened at $10.56 on Friday. Hawaiian Electric Industries, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $18.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $1.82 billion, a P/E ratio of -0.89 and a beta of 0.64. The stock has a fifty day moving average of $10.44 and a 200-day moving average of $10.18.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. 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 $744.07 million for the quarter. During the same quarter in the previous year, the business posted $0.38 EPS. On average, equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

HE has been the subject of several research reports. 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. 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 report on Thursday, February 27th. Barclays lifted their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, Wall Street Zen raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Hawaiian Electric Industries presently has a consensus rating of “Hold” and a consensus price target of $12.00.

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.