Hawaiian Electric Industries, Inc. (NYSE:HE) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 141.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 537,177 shares of the utilities provider’s stock after buying an additional 315,009 shares during the quarter. Quantinno Capital Management LP owned approximately 0.31% of Hawaiian Electric Industries worth $5,227,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Hawaiian Electric Industries by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 18,231,969 shares of the utilities provider’s stock worth $177,397,000 after purchasing an additional 1,112,150 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hawaiian Electric Industries during the fourth quarter worth approximately $115,010,000. Geode Capital Management LLC increased its position in shares of Hawaiian Electric Industries by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,925,882 shares of the utilities provider’s stock worth $38,208,000 after purchasing an additional 132,740 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Hawaiian Electric Industries by 14.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,471,522 shares of the utilities provider’s stock worth $33,778,000 after purchasing an additional 449,873 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in Hawaiian Electric Industries in the 4th quarter valued at $23,153,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Performance

NYSE HE opened at $10.61 on Friday. The stock has a market cap of $1.83 billion, a PE ratio of -0.90 and a beta of 0.64. 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, 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 $10.48 and a 200-day simple moving average of $10.17.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $744.07 million during the quarter. Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. During the same quarter in the prior year, the company posted $0.38 earnings per share. Equities analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on HE. StockNews.com upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Wells Fargo & Company upped their target price on Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Barclays upped their target price on Hawaiian Electric Industries from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, Evercore ISI upgraded Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and upped their target price for the company from $12.00 to $14.00 in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.00.

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.