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

WINTON GROUP Ltd acquired a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 90,326 shares of the utilities provider’s stock, valued at approximately $1,111,000.

A number of other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc bought a new stake in Hawaiian Electric Industries in the 4th quarter valued at about $205,000. Goldman Sachs Group Inc. boosted its holdings in Hawaiian Electric Industries by 16.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,593,550 shares of the utilities provider’s stock valued at $19,601,000 after purchasing an additional 220,879 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Hawaiian Electric Industries by 15.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 326,794 shares of the utilities provider’s stock valued at $4,020,000 after purchasing an additional 42,735 shares during the period. Savant Capital LLC boosted its holdings in Hawaiian Electric Industries by 22.4% in the 4th quarter. Savant Capital LLC now owns 19,746 shares of the utilities provider’s stock valued at $243,000 after purchasing an additional 3,620 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in Hawaiian Electric Industries by 21.4% in the 4th quarter. Moors & Cabot Inc. now owns 459,651 shares of the utilities provider’s stock valued at $5,654,000 after purchasing an additional 80,919 shares during the period. Institutional investors own 59.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hawaiian Electric Industries Stock Performance

Shares of Hawaiian Electric Industries stock opened at $13.43 on Wednesday. The company has a 50 day moving average of $14.52 and a 200-day moving average of $14.19. Hawaiian Electric Industries, Inc. has a 1-year low of $10.20 and a 1-year high of $17.38. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.70. The company has a market cap of $2.32 billion, a PE ratio of 18.14 and a beta of 0.50.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.09). Hawaiian Electric Industries had a return on equity of 9.03% and a net margin of 4.19%.The firm had revenue of $746.45 million for the quarter, compared to the consensus estimate of $746.45 million. As a group, equities research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.06 earnings per share for the current fiscal year.

About Hawaiian Electric Industries

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.