Hyman Charles D reduced its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,369 shares of the utilities provider’s stock after selling 250 shares during the period. Hyman Charles D owned about 0.08% of Hawaiian Electric Industries worth $3,761,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Hawaiian Electric Industries by 60.9% in the first quarter. Signaturefd LLC now owns 872 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 330 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of Hawaiian Electric Industries by 153.7% in the second quarter. Flagship Harbor Advisors LLC now owns 1,139 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 690 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Hawaiian Electric Industries in the second quarter worth approximately $52,000. Quadrant Capital Group LLC lifted its stake in shares of Hawaiian Electric Industries by 12,614.3% in the first quarter. Quadrant Capital Group LLC now owns 2,670 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 2,649 shares during the period. Finally, Huntington National Bank lifted its stake in shares of Hawaiian Electric Industries by 643.5% in the first quarter. Huntington National Bank now owns 2,974 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 2,574 shares during the period. Institutional investors own 53.03% of the company’s stock.
HE traded down $0.25 during trading on Friday, hitting $44.36. The company’s stock had a trading volume of 356,836 shares, compared to its average volume of 327,602. Hawaiian Electric Industries, Inc. has a twelve month low of $34.16 and a twelve month high of $45.19. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.07 and a quick ratio of 0.07. The business’s fifty day simple moving average is $44.11. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 4.13 and a beta of 0.23.
Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.05). Hawaiian Electric Industries had a net margin of 7.27% and a return on equity of 9.75%. The business had revenue of $715.49 million during the quarter, compared to analyst estimates of $592.84 million. During the same period last year, the firm posted $0.42 earnings per share. Equities analysts predict that Hawaiian Electric Industries, Inc. will post 1.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, August 21st. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 69.19%.
Separately, Zacks Investment Research lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating and set a $44.00 price target on the stock. in a research note on Wednesday, May 29th.
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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