Maven Securities LTD Takes Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Maven Securities LTD purchased a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 200,220 shares of the utilities provider’s stock, valued at approximately $1,938,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HE. FMR LLC grew its stake in shares of Hawaiian Electric Industries by 7,986.3% in the 3rd quarter. FMR LLC now owns 5,340,679 shares of the utilities provider’s stock valued at $51,698,000 after buying an additional 5,274,633 shares in the last quarter. AQR Capital Management LLC grew its holdings in Hawaiian Electric Industries by 52.8% during the second quarter. AQR Capital Management LLC now owns 6,693,424 shares of the utilities provider’s stock valued at $60,308,000 after purchasing an additional 2,312,950 shares during the last quarter. Millennium Management LLC boosted its holdings in Hawaiian Electric Industries by 79.0% during the second quarter. Millennium Management LLC now owns 1,870,088 shares of the utilities provider’s stock valued at $16,868,000 after acquiring an additional 825,073 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Hawaiian Electric Industries by 20.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,021,649 shares of the utilities provider’s stock valued at $29,250,000 after purchasing an additional 514,989 shares during the period. Finally, Seven Grand Managers LLC acquired a new position in shares of Hawaiian Electric Industries during the third quarter worth approximately $4,888,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Trading Down 1.6 %

Shares of HE stock opened at $10.19 on Wednesday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -0.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.18 and a current ratio of 0.18. Hawaiian Electric Industries, Inc. has a 52-week low of $7.61 and a 52-week high of $18.19. The firm has a fifty day moving average of $10.11 and a 200-day moving average of $11.14.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The firm had revenue of $983.38 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS.

Analysts Set New Price Targets

HE has been the topic of a number of research reports. StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Wells Fargo & Company dropped their price objective on shares of Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Evercore ISI reduced their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group started coverage on Hawaiian Electric Industries in a research note on Tuesday. They set a “hold” rating and a $11.50 price target on the stock.

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.