Legal & General Group Plc grew its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 12.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,558 shares of the utilities provider’s stock after buying an additional 21,628 shares during the quarter. Legal & General Group Plc owned 0.18% of Hawaiian Electric Industries worth $6,495,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CKW Financial Group boosted its stake in shares of Hawaiian Electric Industries by 41.5% during the second quarter. CKW Financial Group now owns 6,136 shares of the utilities provider’s stock valued at $199,000 after acquiring an additional 1,801 shares during the last quarter. Airain ltd acquired a new stake in shares of Hawaiian Electric Industries during the first quarter valued at $203,000. World Asset Management Inc boosted its stake in shares of Hawaiian Electric Industries by 2.2% during the second quarter. World Asset Management Inc now owns 6,873 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 150 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Hawaiian Electric Industries by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 7,279 shares of the utilities provider’s stock valued at $235,000 after acquiring an additional 456 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Hawaiian Electric Industries by 19.0% during the second quarter. US Bancorp DE now owns 7,291 shares of the utilities provider’s stock valued at $236,000 after acquiring an additional 1,162 shares during the last quarter. Institutional investors and hedge funds own 48.60% of the company’s stock.

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A number of analysts recently commented on HE shares. Zacks Investment Research lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. BidaskClub lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th.

Shares of Hawaiian Electric Industries, Inc. (HE) opened at 33.48 on Thursday. The company’s 50 day moving average price is $33.09 and its 200-day moving average price is $33.10. Hawaiian Electric Industries, Inc. has a 1-year low of $28.31 and a 1-year high of $34.08. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 14.91 and a beta of 0.47.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.03. The business had revenue of $556.90 million for the quarter, compared to analyst estimates of $568 million. Hawaiian Electric Industries had a net margin of 9.91% and a return on equity of 8.83%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. Equities analysts expect that Hawaiian Electric Industries, Inc. will post $1.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, August 21st. Hawaiian Electric Industries’s payout ratio is 55.11%.

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).

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

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