Russell Investments Group Ltd. Has $3.49 Million Position in Hawaiian Electric Industries, Inc. (HE)

Russell Investments Group Ltd. lowered its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 21.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,589 shares of the utilities provider’s stock after selling 29,241 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Hawaiian Electric Industries worth $3,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HE. FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in Hawaiian Electric Industries in the second quarter valued at about $123,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 valued at $125,000 after acquiring an additional 297 shares during the period. Ffcm LLC increased its stake in Hawaiian Electric Industries by 121.0% in the second quarter. Ffcm LLC now owns 4,826 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 2,642 shares during the period. TLP Group LLC increased its stake in Hawaiian Electric Industries by 818.4% in the second quarter. TLP Group LLC now owns 5,391 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 4,804 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Hawaiian Electric Industries in the second quarter valued at about $201,000. 49.26% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Thomas B. Fargo sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $36.46, for a total transaction of $200,530.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

A number of 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 research note on Saturday, August 19th. Zacks Investment Research raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Bank of America assumed coverage on shares of Hawaiian Electric Industries in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 price target on the stock. Finally, J P Morgan Chase & Co boosted their price target on shares of Hawaiian Electric Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research report 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 currently has a consensus rating of “Hold” and a consensus price target of $32.33.

Hawaiian Electric Industries, Inc. (NYSE:HE) opened at $36.93 on Friday. The company has a market cap of $4,017.47, a PE ratio of 22.66, a price-to-earnings-growth ratio of 5.30 and a beta of 0.50. Hawaiian Electric Industries, Inc. has a 12-month low of $31.71 and a 12-month high of $38.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.83 and a quick ratio of 0.83.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The firm had revenue of $673.19 million during the quarter, compared to analyst estimates of $648.93 million. Hawaiian Electric Industries had a net margin of 7.14% and a return on equity of 8.64%. Hawaiian Electric Industries’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.64 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.36%. Hawaiian Electric Industries’s payout ratio is 76.07%.

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Hawaiian Electric Industries Company Profile

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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