Quantbot Technologies LP Has $1.86 Million Stock Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Quantbot Technologies LP lifted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 57.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 165,380 shares of the utilities provider’s stock after buying an additional 60,346 shares during the period. Quantbot Technologies LP’s holdings in Hawaiian Electric Industries were worth $1,864,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Gladius Capital Management LP lifted its stake in Hawaiian Electric Industries by 686.9% during the fourth quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 1,841 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Hawaiian Electric Industries during the 1st quarter worth $42,000. Cape Investment Advisory Inc. bought a new stake in shares of Hawaiian Electric Industries during the 4th quarter worth $43,000. GAMMA Investing LLC bought a new stake in shares of Hawaiian Electric Industries during the 4th quarter worth $67,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Hawaiian Electric Industries by 172.7% in the first 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 in the last quarter. Institutional investors own 59.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HE. Wells Fargo & Company boosted their target price on Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an “underweight” rating in a research note on Monday, May 13th. StockNews.com upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, Hawaiian Electric Industries presently has a consensus rating of “Hold” and a consensus price target of $11.63.

Hawaiian Electric Industries Trading Down 4.7 %

Hawaiian Electric Industries stock traded down $0.51 during trading hours on Friday, hitting $10.43. The stock had a trading volume of 5,368,049 shares, compared to its average volume of 2,721,507. The business’s 50 day simple moving average is $10.00 and its 200-day simple moving average is $11.45. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $40.16. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 6.17 and a beta of 0.57. 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 (NYSE:HE) last issued its quarterly earnings data on Friday, May 10th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter. Hawaiian Electric Industries had a net margin of 5.16% and a return on equity of 9.58%. The business had revenue of $897.16 million during the quarter.

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.