Strs Ohio Purchases 5,282 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Strs Ohio boosted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HEGet Rating) by 8.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,701 shares of the utilities provider’s stock after acquiring an additional 5,282 shares during the period. Strs Ohio owned 0.06% of Hawaiian Electric Industries worth $2,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in shares of Hawaiian Electric Industries by 414.0% during the second quarter. Quadrant Capital Group LLC now owns 622 shares of the utilities provider’s stock valued at $25,000 after buying an additional 501 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of Hawaiian Electric Industries during the second quarter valued at approximately $30,000. WASHINGTON TRUST Co bought a new stake in shares of Hawaiian Electric Industries during the third quarter valued at approximately $26,000. Ronald Blue Trust Inc. raised its position in shares of Hawaiian Electric Industries by 212.9% during the third quarter. Ronald Blue Trust Inc. now owns 779 shares of the utilities provider’s stock valued at $32,000 after buying an additional 530 shares during the last quarter. Finally, ACG Wealth bought a new stake in shares of Hawaiian Electric Industries during the second quarter valued at approximately $33,000. Institutional investors own 52.99% of the company’s stock.

Hawaiian Electric Industries Stock Down 1.2 %

NYSE HE opened at $41.92 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average of $40.49 and a two-hundred day moving average of $39.64. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 7.37 and a beta of 0.39. Hawaiian Electric Industries, Inc. has a 52 week low of $33.18 and a 52 week high of $44.72.

Hawaiian Electric Industries (NYSE:HEGet Rating) last posted its quarterly earnings data on Monday, November 7th. The utilities provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $1.04 billion during the quarter. Hawaiian Electric Industries had a net margin of 6.88% and a return on equity of 10.57%. On average, analysts predict that Hawaiian Electric Industries, Inc. will post 2.13 earnings per share for the current year.

Hawaiian Electric Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 22nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Monday, November 21st. Hawaiian Electric Industries’s payout ratio is 64.22%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HE shares. Evercore ISI set a $36.00 price target on shares of Hawaiian Electric Industries in a research report on Thursday, November 24th. Guggenheim reduced their price target on shares of Hawaiian Electric Industries from $41.00 to $36.00 in a research report on Monday, October 24th. Wells Fargo & Company boosted their price target on shares of Hawaiian Electric Industries from $39.00 to $42.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, StockNews.com started coverage on shares of Hawaiian Electric Industries in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Hawaiian Electric Industries Profile

(Get Rating)

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.

Further Reading

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

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