Morgan Stanley increased its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 97.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 593,605 shares of the utilities provider’s stock after buying an additional 293,329 shares during the period. Morgan Stanley owned 0.55% of Hawaiian Electric Industries worth $19,772,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in Hawaiian Electric Industries by 108.1% in the first quarter. Acadian Asset Management LLC now owns 46,484 shares of the utilities provider’s stock worth $1,548,000 after buying an additional 24,142 shares during the period. Nationwide Fund Advisors increased its position in Hawaiian Electric Industries by 0.9% in the first quarter. Nationwide Fund Advisors now owns 181,561 shares of the utilities provider’s stock worth $6,048,000 after buying an additional 1,631 shares during the period. State of Alaska Department of Revenue increased its position in shares of Hawaiian Electric Industries by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 6,823 shares of the utilities provider’s stock worth $227,000 after buying an additional 306 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Hawaiian Electric Industries by 1.1% in the first quarter. Nisa Investment Advisors LLC now owns 92,500 shares of the utilities provider’s stock worth $3,081,000 after buying an additional 1,000 shares during the last quarter. Finally, Evanson Asset Management LLC purchased a new position in shares of Hawaiian Electric Industries during the first quarter worth about $256,000. Institutional investors own 48.23% of the company’s stock.

Hawaiian Electric Industries, Inc. (NYSE HE) traded up 0.94% during mid-day trading on Monday, reaching $33.29. 374,404 shares of the company were exchanged. Hawaiian Electric Industries, Inc. has a 1-year low of $28.31 and a 1-year high of $34.08. The stock has a 50-day moving average of $32.71 and a 200 day moving average of $33.10. The firm has a market capitalization of $3.62 billion, a P/E ratio of 14.49 and a beta of 0.46.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The company had revenue of $556.90 million during the quarter, compared to analysts’ expectations of $568 million. Hawaiian Electric Industries had a net margin of 9.91% and a return on equity of 8.83%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. Equities research analysts forecast that Hawaiian Electric Industries, Inc. will post $1.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 23rd will be paid a $0.31 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.24 annualized dividend and a yield of 3.72%. Hawaiian Electric Industries’s dividend payout ratio is currently 55.11%.

COPYRIGHT VIOLATION NOTICE: “Morgan Stanley Boosts Stake in Hawaiian Electric Industries, Inc. (NYSE:HE)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/07/morgan-stanley-buys-293329-shares-of-hawaiian-electric-industries-inc-nysehe-updated-updated-updated.html.

A number of brokerages have recently issued reports on HE. BidaskClub downgraded shares of Hawaiian Electric Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Hawaiian Electric Industries in a research report on Sunday, April 23rd.

About Hawaiian Electric Industries

Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s subsidiaries include Hawaiian Electric Company, Inc (Hawaiian Electric) and ASB Hawaii, Inc (ASB Hawaii).

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

Receive News & Stock Ratings for Hawaiian Electric Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Electric Industries Inc. and related stocks with our FREE daily email newsletter.