Hawaiian Electric Industries, Inc. (NYSE:HE) Position Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its position in Hawaiian Electric Industries, Inc. (NYSE:HEGet Rating) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,900 shares of the utilities provider’s stock after purchasing an additional 634 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Hawaiian Electric Industries were worth $1,106,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HE. State Street Corp increased its stake in shares of Hawaiian Electric Industries by 17.6% during the 1st quarter. State Street Corp now owns 3,718,688 shares of the utilities provider’s stock worth $157,338,000 after purchasing an additional 557,341 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Hawaiian Electric Industries by 82.7% in the first quarter. Allianz Asset Management GmbH now owns 528,645 shares of the utilities provider’s stock worth $22,367,000 after buying an additional 239,242 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Hawaiian Electric Industries by 95.5% during the 2nd quarter. Renaissance Technologies LLC now owns 400,100 shares of the utilities provider’s stock worth $16,364,000 after acquiring an additional 195,400 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Hawaiian Electric Industries by 643.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 201,400 shares of the utilities provider’s stock valued at $8,237,000 after acquiring an additional 174,300 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Hawaiian Electric Industries by 33.9% in the 2nd quarter. FMR LLC now owns 687,985 shares of the utilities provider’s stock valued at $28,138,000 after acquiring an additional 174,025 shares in the last quarter. 52.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their target price on Hawaiian Electric Industries from $39.00 to $42.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 10th. Guggenheim lowered their target price on shares of Hawaiian Electric Industries from $41.00 to $36.00 in a research note on Monday, October 24th. Evercore ISI set a $36.00 target price on shares of Hawaiian Electric Industries in a research report on Thursday, November 24th. Finally, StockNews.com began coverage on Hawaiian Electric Industries in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Hawaiian Electric Industries Trading Up 0.6 %

Shares of HE stock opened at $41.24 on Tuesday. The firm has a market capitalization of $4.51 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 7.09 and a beta of 0.39. Hawaiian Electric Industries, Inc. has a 1 year low of $33.18 and a 1 year high of $44.72. The firm’s fifty day simple moving average is $41.12 and its 200 day simple moving average is $39.69. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.12.

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

Hawaiian Electric Industries Announces Dividend

The company also recently declared 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 yield of 3.39%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is 64.22%.

Hawaiian Electric Industries Company Profile

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Hawaiian Electric Industries, Inc is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service on the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai.

See Also

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

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