Hussman Strategic Advisors Inc. Has $2.05 Million Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)

Hussman Strategic Advisors Inc. boosted its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 21,000.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,000 shares of the utilities provider’s stock after buying an additional 210,000 shares during the quarter. Hussman Strategic Advisors Inc. owned approximately 0.12% of Hawaiian Electric Industries worth $2,053,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Zimmer Partners LP bought a new stake in shares of Hawaiian Electric Industries in the 3rd quarter worth about $145,200,000. FMR LLC grew 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 last quarter. Franklin Resources Inc. grew its holdings in shares of Hawaiian Electric Industries by 656.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,722,668 shares of the utilities provider’s stock worth $27,499,000 after purchasing an additional 2,362,863 shares during the last quarter. Geode Capital Management LLC grew 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 last quarter. Finally, State Street Corp grew 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 last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Hawaiian Electric Industries Stock Up 1.5 %

Shares of NYSE:HE opened at $10.84 on Thursday. Hawaiian Electric Industries, Inc. has a 12 month low of $7.61 and a 12 month high of $18.19. The company’s 50-day moving average price is $9.53 and its two-hundred day moving average price is $10.48. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.80. The firm has a market cap of $1.87 billion, a P/E ratio of -0.92 and a beta of 0.53.

Wall Street Analyst Weigh In

HE has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on shares of 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 lowered their target price on shares of Hawaiian Electric Industries from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Tuesday, November 19th. Barclays initiated coverage on shares of Hawaiian Electric Industries in a report on Thursday, February 6th. They issued an “equal weight” rating and a $10.00 target price on the stock. Finally, StockNews.com lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.

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.