Assenagon Asset Management S.A. acquired a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,237 shares of the utilities provider’s stock, valued at approximately $216,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hawaiian Electric Industries by 0.6% in the first quarter. Vanguard Group Inc. now owns 11,527,217 shares of the utilities provider’s stock valued at $487,716,000 after buying an additional 70,591 shares in the last quarter. Nordea Investment Management AB lifted its stake in Hawaiian Electric Industries by 0.3% in the third quarter. Nordea Investment Management AB now owns 4,185,221 shares of the utilities provider’s stock valued at $148,533,000 after buying an additional 14,535 shares in the last quarter. State Street Corp lifted its stake in Hawaiian Electric Industries by 0.5% in the second quarter. State Street Corp now owns 3,738,067 shares of the utilities provider’s stock valued at $152,887,000 after buying an additional 19,379 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hawaiian Electric Industries by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,205,918 shares of the utilities provider’s stock valued at $51,023,000 after buying an additional 31,283 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Hawaiian Electric Industries by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,178,517 shares of the utilities provider’s stock valued at $49,864,000 after buying an additional 114,232 shares in the last quarter. Institutional investors own 52.99% of the company’s stock.
Wall Street Analysts Forecast Growth
HE has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Hawaiian Electric Industries from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday, January 10th. Evercore ISI set a $36.00 price objective on shares of Hawaiian Electric Industries in a research report on Thursday, November 24th. StockNews.com began coverage on shares of Hawaiian Electric Industries in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Guggenheim cut their price objective on shares of Hawaiian Electric Industries from $41.00 to $36.00 in a research report on Monday, October 24th.
Hawaiian Electric Industries Price Performance
Hawaiian Electric Industries (NYSE:HE – Get Rating) last released its quarterly earnings data on Monday, November 7th. The utilities provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Hawaiian Electric Industries had a net margin of 6.88% and a return on equity of 10.57%. The firm had revenue of $1.04 billion for the quarter. On average, research analysts forecast that Hawaiian Electric Industries, Inc. will post 2.13 earnings per share for the current fiscal year.
Hawaiian Electric Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 22nd were issued a $0.35 dividend. The ex-dividend date was Monday, November 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.39%. Hawaiian Electric Industries’s dividend payout ratio is currently 64.22%.
Hawaiian Electric Industries Profile
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.
- Get a free copy of the StockNews.com research report on Hawaiian Electric Industries (HE)
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