Teacher Retirement System of Texas Acquires 19,215 Shares of Hawaiian Electric Industries, Inc. (HE)

Teacher Retirement System of Texas lifted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 79.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 43,368 shares of the utilities provider’s stock after buying an additional 19,215 shares during the period. Teacher Retirement System of Texas’ holdings in Hawaiian Electric Industries were worth $1,447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HE. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in shares of Hawaiian Electric Industries in the second quarter worth $123,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Hawaiian Electric Industries by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 297 shares in the last quarter. Ffcm LLC increased its position in shares of Hawaiian Electric Industries by 121.0% in the second quarter. Ffcm LLC now owns 4,826 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 2,642 shares in the last quarter. TLP Group LLC increased its position in shares of Hawaiian Electric Industries by 818.4% in the second quarter. TLP Group LLC now owns 5,391 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 4,804 shares in the last quarter. Finally, CKW Financial Group increased its position in shares of Hawaiian Electric Industries by 41.5% in the second quarter. CKW Financial Group now owns 6,136 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 1,801 shares in the last quarter. 49.26% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Hawaiian Electric Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, November 28th. Bank of America initiated coverage on shares of Hawaiian Electric Industries in a research note on Tuesday, October 24th. They set an “underperform” rating and a $34.00 price objective on the stock. Finally, J P Morgan Chase & Co increased their price objective on shares of Hawaiian Electric Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $32.33.

Shares of Hawaiian Electric Industries, Inc. (NYSE HE) traded down $0.12 during trading hours on Thursday, reaching $37.55. 494,976 shares of the company traded hands, compared to its average volume of 447,071. The company has a market cap of $4,121.90, a P/E ratio of 23.25, a PEG ratio of 5.44 and a beta of 0.50. Hawaiian Electric Industries, Inc. has a 12-month low of $31.03 and a 12-month high of $38.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.83 and a current ratio of 0.83.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.02). The firm had revenue of $673.19 million during the quarter, compared to the consensus estimate of $648.93 million. Hawaiian Electric Industries had a net margin of 7.14% and a return on equity of 8.64%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.24 annualized dividend and a yield of 3.30%. Hawaiian Electric Industries’s payout ratio is 76.07%.

In other Hawaiian Electric Industries news, Director Thomas B. Fargo sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $36.46, for a total transaction of $200,530.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company insiders.

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About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s subsidiaries include Hawaiian Electric Company, Inc (Hawaiian Electric) and ASB Hawaii, Inc (ASB Hawaii).

Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

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