PDT Partners LLC Invests $6.93 Million in Hawaiian Electric Industries, Inc. $HE

Posted by George Bondi on Aug 26th, 2026

PDT Partners LLC bought a new stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 511,975 shares of the utilities provider’s stock, valued at approximately $6,927,000. PDT Partners LLC owned about 0.30% of Hawaiian Electric Industries as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Hawaiian Electric Industries during the 2nd quarter valued at $358,318,000. State Street Corp boosted its position in shares of Hawaiian Electric Industries by 56.9% in the fourth quarter. State Street Corp now owns 7,005,768 shares of the utilities provider’s stock worth $86,171,000 after buying an additional 2,540,134 shares during the period. 12 West Capital Management LP acquired a new stake in shares of Hawaiian Electric Industries in the fourth quarter worth $22,755,000. Vanguard Group Inc. grew its holdings in shares of Hawaiian Electric Industries by 9.2% during the fourth quarter. Vanguard Group Inc. now owns 19,410,325 shares of the utilities provider’s stock valued at $238,747,000 after buying an additional 1,628,307 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Hawaiian Electric Industries by 111.6% during the first quarter. Bank of America Corp DE now owns 2,734,135 shares of the utilities provider’s stock valued at $40,575,000 after buying an additional 1,442,031 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings raised Hawaiian Electric Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group lowered their target price on Hawaiian Electric Industries from $13.75 to $11.75 and set an “underperform” rating on the stock in a research note on Monday, July 6th. Barclays dropped their target price on Hawaiian Electric Industries from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Finally, Zacks Research lowered shares of Hawaiian Electric Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hawaiian Electric Industries presently has a consensus rating of “Reduce” and a consensus price target of $11.88.

Read Our Latest Research Report on HE

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE opened at $11.37 on Wednesday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 8.75 and a beta of 0.50. Hawaiian Electric Industries, Inc. has a 1 year low of $10.79 and a 1 year high of $17.38. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.57. The business has a fifty day simple moving average of $12.87 and a 200 day simple moving average of $14.16.

Hawaiian Electric Industries (NYSE:HE – Get Free Report) last issued its earnings results on Friday, August 7th. The utilities provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Hawaiian Electric Industries had a net margin of 6.89% and a return on equity of 7.90%. The firm had revenue of $939.70 million during the quarter, compared to analysts’ expectations of $939.70 million. During the same quarter last year, the firm earned $0.15 EPS. As a group, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 0.99 earnings per share for the current fiscal year.

Hawaiian Electric Industries Company Profile

(Free Report)

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.