Aigen Investment Management LP Lowers Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Aigen Investment Management LP decreased its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 27.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,963 shares of the utilities provider’s stock after selling 17,999 shares during the quarter. Aigen Investment Management LP’s holdings in Hawaiian Electric Industries were worth $681,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Hawaiian Electric Industries by 1,470.8% during the third quarter. AQR Capital Management LLC now owns 6,120,053 shares of the utilities provider’s stock valued at $75,338,000 after acquiring an additional 5,730,428 shares during the period. Assenagon Asset Management S.A. purchased a new position in Hawaiian Electric Industries in the 4th quarter worth approximately $19,015,000. Qube Research & Technologies Ltd boosted its stake in Hawaiian Electric Industries by 7,788.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,190,815 shares of the utilities provider’s stock worth $14,659,000 after purchasing an additional 1,175,719 shares during the period. Jupiter Asset Management Ltd. boosted its stake in Hawaiian Electric Industries by 636.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,209,258 shares of the utilities provider’s stock worth $14,886,000 after purchasing an additional 1,044,978 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Hawaiian Electric Industries by 2,854.9% during the 4th quarter. BNP Paribas Financial Markets now owns 580,931 shares of the utilities provider’s stock valued at $8,243,000 after buying an additional 561,271 shares in the last quarter. Institutional investors own 59.91% of the company’s stock.

Hawaiian Electric Industries Price Performance

HE stock opened at $10.93 on Thursday. Hawaiian Electric Industries, Inc. has a 52 week low of $8.74 and a 52 week high of $40.16. The firm has a market capitalization of $1.21 billion, a P/E ratio of 6.59 and a beta of 0.55. The company has a fifty day simple moving average of $10.77 and a two-hundred day simple moving average of $12.35. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19.

Wall Street Analysts Forecast Growth

HE has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on shares of Hawaiian Electric Industries from $8.50 to $9.00 and gave the stock an “underweight” rating in a research report on Monday, May 13th. StockNews.com raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Finally, Evercore ISI lifted their target price on Hawaiian Electric Industries from $7.00 to $11.00 and gave the stock an “in-line” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, Hawaiian Electric Industries currently has an average rating of “Hold” and a consensus target price of $11.63.

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.