Versor Investments LP Invests $367,000 in Hawaiian Electric Industries, Inc. (NYSE:HE)

Versor Investments LP bought a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the 3rd quarter, Holdings Channel.com reports. The firm bought 37,900 shares of the utilities provider’s stock, valued at approximately $367,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fernwood Investment Management LLC boosted its position in Hawaiian Electric Industries by 82.8% during the 3rd quarter. Fernwood Investment Management LLC now owns 133,175 shares of the utilities provider’s stock valued at $1,289,000 after buying an additional 60,335 shares during the period. Van ECK Associates Corp raised its stake in shares of Hawaiian Electric Industries by 59.9% during the third quarter. Van ECK Associates Corp now owns 45,536 shares of the utilities provider’s stock valued at $443,000 after acquiring an additional 17,055 shares during the last quarter. Deltec Asset Management LLC bought a new position in shares of Hawaiian Electric Industries during the third quarter valued at about $484,000. PFG Investments LLC purchased a new stake in shares of Hawaiian Electric Industries during the third quarter worth about $166,000. Finally, IFM Investors Pty Ltd grew its stake in shares of Hawaiian Electric Industries by 42.9% in the third quarter. IFM Investors Pty Ltd now owns 21,864 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 6,562 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on HE. Evercore ISI upped their price target on Hawaiian Electric Industries from $9.00 to $11.00 and gave the company an “in-line” rating in a research report on Monday, November 11th. Wells Fargo & Company decreased their target price on Hawaiian Electric Industries from $14.00 to $11.50 and set an “equal weight” rating for the company in a report on Monday, September 30th. Finally, StockNews.com downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 4th.

Hawaiian Electric Industries Stock Performance

Shares of HE opened at $10.28 on Friday. The company has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $11.13. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.18 and a quick ratio of 0.11. The firm has a market capitalization of $1.13 billion, a PE ratio of -0.87 and a beta of 0.53. Hawaiian Electric Industries, Inc. has a one year low of $7.61 and a one year high of $18.19.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Friday, November 8th. The utilities provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The firm had revenue of $983.38 million during the quarter. Hawaiian Electric Industries had a negative net margin of 35.38% and a positive return on equity of 11.12%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS.

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.