State Board of Administration of Florida Retirement System Has $5.76 Million Position in Hawaiian Electric Industries, Inc. (HE)
State Board of Administration of Florida Retirement System increased its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 27.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,858 shares of the utilities provider’s stock after acquiring an additional 38,310 shares during the period. State Board of Administration of Florida Retirement System owned about 0.16% of Hawaiian Electric Industries worth $5,759,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of HE. CKW Financial Group raised its holdings in shares of Hawaiian Electric Industries by 41.5% in the 2nd quarter. CKW Financial Group now owns 6,136 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 1,801 shares during the last quarter. Airain ltd bought a new stake in Hawaiian Electric Industries in the 1st quarter worth about $203,000. World Asset Management Inc grew its position in Hawaiian Electric Industries by 2.2% in the 2nd quarter. World Asset Management Inc now owns 6,873 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 150 shares in the last quarter. State of Alaska Department of Revenue grew its position in Hawaiian Electric Industries by 4.7% in the 1st quarter. State of Alaska Department of Revenue now owns 6,823 shares of the utilities provider’s stock worth $227,000 after purchasing an additional 306 shares in the last quarter. Finally, US Bancorp DE grew its position in Hawaiian Electric Industries by 19.0% in the 2nd quarter. US Bancorp DE now owns 7,291 shares of the utilities provider’s stock worth $236,000 after purchasing an additional 1,162 shares in the last quarter. Institutional investors own 48.60% of the company’s stock.
Shares of Hawaiian Electric Industries, Inc. (NYSE HE) opened at 33.51 on Tuesday. The firm has a 50-day moving average of $32.97 and a 200-day moving average of $33.08. Hawaiian Electric Industries, Inc. has a 12 month low of $28.31 and a 12 month high of $34.08. The company has a market capitalization of $3.65 billion, a P/E ratio of 14.92 and a beta of 0.47.
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 analysts’ consensus estimates of $0.39 by $0.03. Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. The company had revenue of $556.90 million during the quarter, compared to the consensus estimate of $568 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts predict that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.70%. Hawaiian Electric Industries’s dividend payout ratio is presently 55.11%.
A number of brokerages have issued reports on HE. BidaskClub raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. 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.
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Hawaiian Electric Industries Company Profile
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).
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