Crossmark Global Holdings Inc. decreased its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 19.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,045 shares of the utilities provider’s stock after selling 2,186 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hawaiian Electric Industries were worth $369,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its holdings in shares of Hawaiian Electric Industries by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 29,200 shares of the utilities provider’s stock valued at $1,190,000 after purchasing an additional 300 shares during the last quarter. Ffcm LLC lifted its holdings in shares of Hawaiian Electric Industries by 50.0% during the fourth quarter. Ffcm LLC now owns 1,005 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 335 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Hawaiian Electric Industries by 2.0% during the fourth quarter. Stifel Financial Corp now owns 18,395 shares of the utilities provider’s stock valued at $677,000 after purchasing an additional 365 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Hawaiian Electric Industries by 2.6% during the fourth quarter. D.A. Davidson & CO. now owns 14,943 shares of the utilities provider’s stock valued at $547,000 after purchasing an additional 381 shares during the last quarter. Finally, Raymond James & Associates raised its position in Hawaiian Electric Industries by 2.6% during the fourth quarter. Raymond James & Associates now owns 15,729 shares of the utilities provider’s stock valued at $576,000 after buying an additional 401 shares during the period. Institutional investors and hedge funds own 52.60% of the company’s stock.
NYSE:HE opened at $41.86 on Friday. The firm has a market cap of $4.56 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 3.88 and a beta of 0.26. Hawaiian Electric Industries, Inc. has a 1-year low of $32.59 and a 1-year high of $42.59. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.97.
Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $661.62 million for the quarter, compared to analyst estimates of $563.95 million. Hawaiian Electric Industries had a return on equity of 9.75% and a net margin of 7.27%. Hawaiian Electric Industries’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 earnings per share. Equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Thursday, May 23rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.06%. The ex-dividend date is Wednesday, May 22nd. Hawaiian Electric Industries’s payout ratio is 69.19%.
In related news, Director James K. Scott sold 5,500 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $38.85, for a total transaction of $213,675.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by insiders.
Separately, Zacks Investment Research lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th.
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Hawaiian Electric Industries Profile
Hawaiian Electric Industries, Inc, through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company's Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other bio fuels.
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