Aigen Investment Management LP Makes New Investment in Hawaiian Electric Industries, Inc. (NYSE:HE)

Aigen Investment Management LP acquired a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,893 shares of the utilities provider’s stock, valued at approximately $203,000.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in Hawaiian Electric Industries by 59.9% during the 3rd quarter. Van ECK Associates Corp now owns 45,536 shares of the utilities provider’s stock worth $443,000 after acquiring an additional 17,055 shares during the period. Versor Investments LP bought a new stake in shares of Hawaiian Electric Industries during the 3rd quarter valued at $367,000. Oppenheimer & Co. Inc. lifted its stake in shares of Hawaiian Electric Industries by 5.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,775 shares of the utilities provider’s stock valued at $317,000 after buying an additional 1,775 shares in the last quarter. KBC Group NV lifted its stake in shares of Hawaiian Electric Industries by 34.8% during the 3rd quarter. KBC Group NV now owns 3,956 shares of the utilities provider’s stock valued at $38,000 after buying an additional 1,021 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in Hawaiian Electric Industries in the 3rd quarter worth $2,233,000. 59.91% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries Price Performance

NYSE:HE opened at $11.48 on Monday. The business’s 50-day moving average is $9.74 and its 200 day moving average is $10.17. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The company has a market capitalization of $1.98 billion, a P/E ratio of -0.97 and a beta of 0.46. 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 (NYSE:HE) last issued its quarterly earnings data on Friday, February 21st. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.19). Hawaiian Electric Industries had a positive return on equity of 11.12% and a negative net margin of 35.38%. The firm had revenue of $799.18 million for the quarter. On average, equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on HE. Jefferies Financial Group decreased their price target on Hawaiian Electric Industries from $11.50 to $10.50 and set a “hold” rating on the stock in a report on Friday, January 3rd. Evercore ISI raised Hawaiian Electric Industries from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $14.00 in a report on Friday. StockNews.com downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on shares of Hawaiian Electric Industries from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Finally, Barclays upped their target price on shares of Hawaiian Electric Industries from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.00.

Hawaiian Electric Industries Company 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.