Caxton Associates LP Has $1.37 Million Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Caxton Associates LP lifted its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 43.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 121,772 shares of the utilities provider’s stock after buying an additional 36,894 shares during the quarter. Caxton Associates LP’s holdings in Hawaiian Electric Industries were worth $1,372,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gladius Capital Management LP raised its position in Hawaiian Electric Industries by 686.9% in the 4th quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 1,841 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Hawaiian Electric Industries in the 1st quarter valued at $42,000. Cape Investment Advisory Inc. acquired a new stake in shares of Hawaiian Electric Industries in the 4th quarter valued at $43,000. GAMMA Investing LLC acquired a new stake in shares of Hawaiian Electric Industries in the 4th quarter valued at $67,000. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Hawaiian Electric Industries by 172.7% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 7,500 shares of the utilities provider’s stock valued at $85,000 after buying an additional 4,750 shares during the period. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Trading Up 2.1 %

Shares of Hawaiian Electric Industries stock traded up $0.34 during trading on Tuesday, reaching $16.69. 763,911 shares of the company were exchanged, compared to its average volume of 3,109,927. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $39.11. The business has a 50-day moving average price of $10.91 and a 200-day moving average price of $11.43. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 9.68 and a beta of 0.58.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings data on Friday, May 10th. The utilities provider reported $0.45 EPS for the quarter. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%. The business had revenue of $897.16 million during the quarter.

Analyst Upgrades and Downgrades

HE has been the subject of several research reports. Wells Fargo & Company lifted their target price on Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an “underweight” rating in a research note on Monday, May 13th. StockNews.com cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. According to MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of “Reduce” and a consensus price target of $11.63.

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.