Versor Investments LP Purchases Shares of 11,100 Hawaiian Electric Industries, Inc. $HE

Versor Investments LP purchased a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,100 shares of the utilities provider’s stock, valued at approximately $118,000.

Several other institutional investors and hedge funds have also made changes to their positions in HE. Optimize Financial Inc purchased a new position in Hawaiian Electric Industries in the 1st quarter worth $261,000. Arizona State Retirement System grew its stake in Hawaiian Electric Industries by 3.7% during the 1st quarter. Arizona State Retirement System now owns 49,470 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 1,771 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Hawaiian Electric Industries in the first quarter valued at about $126,000. Y Intercept Hong Kong Ltd raised its stake in shares of Hawaiian Electric Industries by 445.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 118,083 shares of the utilities provider’s stock worth $1,255,000 after purchasing an additional 96,425 shares during the last quarter. Finally, Graham Capital Management L.P. raised its stake in shares of Hawaiian Electric Industries by 216.9% in the first quarter. Graham Capital Management L.P. now owns 105,966 shares of the utilities provider’s stock worth $1,160,000 after purchasing an additional 72,528 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Down 0.2%

HE stock opened at $11.57 on Friday. The firm’s fifty day moving average is $11.65 and its 200 day moving average is $11.11. The firm has a market cap of $2.00 billion, a PE ratio of -11.45 and a beta of 0.67. Hawaiian Electric Industries, Inc. has a one year low of $8.14 and a one year high of $13.41. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.07 and a current ratio of 1.07.

Hawaiian Electric Industries (NYSE:HE) last posted its earnings results on Friday, November 7th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.39. Hawaiian Electric Industries had a negative net margin of 3.66% and a positive return on equity of 10.76%. The business had revenue of $790.61 million for the quarter. On average, research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Jefferies Financial Group upgraded Hawaiian Electric Industries to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Hawaiian Electric Industries in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hawaiian Electric Industries currently has an average rating of “Hold” and an average price target of $11.94.

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.