Gateway Investment Advisers LLC Has $3.25 Million Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Gateway Investment Advisers LLC reduced its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,941 shares of the utilities provider’s stock after selling 54,004 shares during the period. Gateway Investment Advisers LLC owned 0.08% of Hawaiian Electric Industries worth $3,251,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HE. Janus Henderson Group PLC bought a new position in Hawaiian Electric Industries in the second quarter worth about $9,795,000. WINTON GROUP Ltd bought a new position in Hawaiian Electric Industries in the third quarter worth about $7,074,000. Wells Fargo & Company MN raised its stake in Hawaiian Electric Industries by 5.8% in the third quarter. Wells Fargo & Company MN now owns 2,901,104 shares of the utilities provider’s stock worth $96,810,000 after buying an additional 157,906 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Hawaiian Electric Industries by 48.5% in the third quarter. JPMorgan Chase & Co. now owns 406,788 shares of the utilities provider’s stock worth $13,697,000 after buying an additional 132,935 shares in the last quarter. Finally, FMR LLC bought a new position in Hawaiian Electric Industries in the second quarter worth about $3,520,000. Institutional investors own 49.45% of the company’s stock.

A number of equities analysts recently issued reports on HE shares. Zacks Investment Research raised 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 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Hawaiian Electric Industries from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Finally, UBS Group initiated coverage on shares of Hawaiian Electric Industries in a research note on Friday, February 2nd. They set a “sell” rating and a $29.00 target price for the company. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Sell” and a consensus target price of $31.00.

Shares of Hawaiian Electric Industries, Inc. (NYSE HE) traded down $0.14 during midday trading on Wednesday, hitting $32.62. 718,555 shares of the company’s stock were exchanged, compared to its average volume of 556,746. Hawaiian Electric Industries, Inc. has a fifty-two week low of $31.71 and a fifty-two week high of $38.72. The company has a market capitalization of $3,550.00, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 3.51 and a beta of 0.37. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.77.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Monday, February 12th. The utilities provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $658.60 million during the quarter, compared to the consensus estimate of $547.89 million. Hawaiian Electric Industries had a net margin of 7.14% and a return on equity of 8.64%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. research analysts forecast that Hawaiian Electric Industries, Inc. will post 1.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Thursday, February 22nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Wednesday, February 21st. Hawaiian Electric Industries’s dividend payout ratio (DPR) is currently 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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