WINTON GROUP Ltd Purchases Shares of 90,326 Hawaiian Electric Industries, Inc. $HE

WINTON GROUP Ltd purchased a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 90,326 shares of the utilities provider’s stock, valued at approximately $1,111,000. WINTON GROUP Ltd owned about 0.05% of Hawaiian Electric Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Hawaiian Electric Industries by 37.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the utilities provider’s stock valued at $33,000 after buying an additional 737 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Hawaiian Electric Industries by 9.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 9,523 shares of the utilities provider’s stock valued at $117,000 after buying an additional 816 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Hawaiian Electric Industries by 5.9% in the 4th quarter. Venturi Wealth Management LLC now owns 15,714 shares of the utilities provider’s stock valued at $193,000 after buying an additional 871 shares during the last quarter. Federated Hermes Inc. increased its stake in Hawaiian Electric Industries by 1.3% in the 2nd quarter. Federated Hermes Inc. now owns 72,891 shares of the utilities provider’s stock valued at $775,000 after buying an additional 910 shares during the last quarter. Finally, CWM LLC increased its stake in Hawaiian Electric Industries by 41.3% in the 4th quarter. CWM LLC now owns 3,210 shares of the utilities provider’s stock valued at $39,000 after buying an additional 939 shares during the last quarter. 59.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HE. Weiss Ratings downgraded shares of Hawaiian Electric Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Barclays boosted their price objective on shares of Hawaiian Electric Industries from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, Zacks Research lowered shares of Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $13.25.

Hawaiian Electric Industries Stock Performance

Shares of HE stock opened at $13.43 on Wednesday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.14 and a beta of 0.50. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50-day simple moving average of $14.52 and a 200 day simple moving average of $14.19. Hawaiian Electric Industries, Inc. has a 52 week low of $10.20 and a 52 week high of $17.38.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Friday, May 8th. The utilities provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.09). The company had revenue of $746.45 million for the quarter, compared to the consensus estimate of $746.45 million. Hawaiian Electric Industries had a return on equity of 9.03% and a net margin of 4.19%. On average, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.06 earnings per share for the current year.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.