Quaero Capital S.A. Makes New Investment in Hawaiian Electric Industries, Inc. (NYSE:HE)

Quaero Capital S.A. acquired a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,010 shares of the utilities provider’s stock, valued at approximately $341,000.

Other large investors have also added to or reduced their stakes in the company. Zimmer Partners LP purchased a new position in shares of Hawaiian Electric Industries in the 3rd quarter worth approximately $145,200,000. FMR LLC boosted its holdings 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 worth $51,698,000 after purchasing an additional 5,274,633 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Hawaiian Electric Industries by 49.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,793,142 shares of the utilities provider’s stock worth $36,725,000 after purchasing an additional 1,253,143 shares during the period. State Street Corp boosted its holdings in shares of Hawaiian Electric Industries by 19.8% in the 3rd quarter. State Street Corp now owns 3,368,096 shares of the utilities provider’s stock worth $32,603,000 after purchasing an additional 556,747 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 514,989 shares during the period. Institutional investors own 59.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HE shares. Jefferies Financial Group dropped their price objective on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating for the company in a report on Friday, January 3rd. StockNews.com cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Evercore ISI dropped their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Tuesday, November 19th. Finally, Barclays started coverage on Hawaiian Electric Industries in a report on Thursday, February 6th. They set an “equal weight” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Hawaiian Electric Industries currently has an average rating of “Hold” and an average price target of $10.50.

Hawaiian Electric Industries Stock Down 1.9 %

Shares of HE stock opened at $10.16 on Friday. Hawaiian Electric Industries, Inc. has a twelve month low of $7.61 and a twelve month high of $18.19. The stock has a fifty day simple moving average of $9.54 and a two-hundred day simple moving average of $10.69. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.80.

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.