State of Wisconsin Investment Board maintained its position in Hawaiian Electric Industries, Inc. (NYSE:HE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,457 shares of the utilities provider’s stock at the close of the 2nd quarter. State of Wisconsin Investment Board’s holdings in Hawaiian Electric Industries were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in HE. LS Investment Advisors LLC increased its stake in Hawaiian Electric Industries by 0.5% in the 1st quarter. LS Investment Advisors LLC now owns 7,387 shares of the utilities provider’s stock worth $246,000 after acquiring an additional 38 shares during the last quarter. IFP Advisors Inc increased its stake in Hawaiian Electric Industries by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 9,320 shares of the utilities provider’s stock worth $302,000 after acquiring an additional 42 shares during the last quarter. Capstone Asset Management Co. increased its stake in Hawaiian Electric Industries by 0.8% in the 1st quarter. Capstone Asset Management Co. now owns 10,215 shares of the utilities provider’s stock worth $340,000 after acquiring an additional 80 shares during the last quarter. World Asset Management Inc increased its stake in Hawaiian Electric Industries by 2.0% in the 1st quarter. World Asset Management Inc now owns 6,723 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 135 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in Hawaiian Electric Industries by 2.5% in the 1st quarter. Private Advisor Group LLC now owns 8,284 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 48.60% of the company’s stock.

A number of brokerages have weighed in on HE. BidaskClub upgraded Hawaiian Electric Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Zacks Investment Research lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, May 26th.

Hawaiian Electric Industries, Inc. (HE) opened at 34.13 on Monday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 15.20 and a beta of 0.47. The stock’s 50 day moving average price is $33.19 and its 200 day moving average price is $33.11. Hawaiian Electric Industries, Inc. has a 12 month low of $28.31 and a 12 month high of $34.13.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $556.90 million during the quarter, compared to the consensus estimate of $568 million. During the same period last year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Wednesday, August 23rd will be issued a $0.31 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is 55.11%.

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

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