Hawaiian Electric Industries, Inc. $HE Stock Position Boosted by Renaissance Technologies LLC

Posted by Francis Steltz on Aug 3rd, 2026

Renaissance Technologies LLC raised its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Free Report) by 20.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 663,200 shares of the utilities provider’s stock after buying an additional 112,700 shares during the period. Renaissance Technologies LLC’s holdings in Hawaiian Electric Industries were worth $9,842,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in Hawaiian Electric Industries by 1,548.0% during the fourth quarter. State of Alaska Department of Revenue now owns 93,573 shares of the utilities provider’s stock worth $1,150,000 after purchasing an additional 87,895 shares in the last quarter. Yousif Capital Management LLC acquired a new position in shares of Hawaiian Electric Industries during the 4th quarter valued at $569,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Hawaiian Electric Industries in the 1st quarter worth $2,697,000. Vanguard Group Inc. lifted its holdings in shares of Hawaiian Electric Industries by 9.2% in 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 during the period. Finally, Dougherty & Associates LLC acquired a new position in Hawaiian Electric Industries during the fourth quarter worth about $757,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries Stock Down 0.0%

HE stock opened at $12.91 on Monday. Hawaiian Electric Industries, Inc. has a 52-week low of $10.60 and a 52-week high of $17.38. The company’s 50 day simple moving average is $13.38 and its 200-day simple moving average is $14.52. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $2.23 billion, a P/E ratio of 17.45 and a beta of 0.49.

Hawaiian Electric Industries (NYSE:HE – Get Free Report) last issued its quarterly 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). Hawaiian Electric Industries had a net margin of 4.19% and a return on equity of 9.03%. The firm had revenue of $746.45 million during the quarter, compared to analysts’ expectations of $746.45 million. As a group, equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays cut their price target on shares of Hawaiian Electric Industries from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, June 25th. Weiss Ratings upgraded shares of Hawaiian Electric Industries from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 20th. Jefferies Financial Group cut their target price on shares of Hawaiian Electric Industries from $13.75 to $11.75 and set an “underperform” rating for the company in a research note on Monday, July 6th. Wall Street Zen lowered shares of Hawaiian Electric Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Zacks Research cut Hawaiian Electric Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $12.38.

View Our Latest Analysis on HE

Hawaiian Electric Industries 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.