FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in Hawaiian Electric Industries, Inc. (NYSE:HE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,800 shares of the utilities provider’s stock, valued at approximately $123,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in Hawaiian Electric Industries by 0.5% in the second quarter. IFP Advisors Inc now owns 9,320 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 42 shares during the period. World Asset Management Inc increased its holdings in Hawaiian Electric Industries by 2.0% in the first quarter. World Asset Management Inc now owns 6,723 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 135 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Hawaiian Electric Industries by 0.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,710 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hawaiian Electric Industries by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 297 shares during the period. Finally, Utah Retirement Systems increased its holdings in Hawaiian Electric Industries by 1.5% in the second quarter. Utah Retirement Systems now owns 19,776 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 300 shares during the period. Institutional investors own 48.49% of the company’s stock.

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Hawaiian Electric Industries, Inc. (NYSE HE) traded up 0.18% during mid-day trading on Thursday, reaching $33.88. The company had a trading volume of 37,274 shares. Hawaiian Electric Industries, Inc. has a 12-month low of $28.31 and a 12-month high of $34.64. The firm has a 50-day moving average price of $33.54 and a 200 day moving average price of $33.20. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.08 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 during the quarter, compared to the consensus estimate of $568.00 million. Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. Analysts expect that Hawaiian Electric Industries, Inc. will post $1.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 23rd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.67%. The ex-dividend date was Monday, August 21st. Hawaiian Electric Industries’s dividend payout ratio is presently 55.11%.

A number of analysts recently weighed in on the company. BidaskClub upgraded Hawaiian Electric Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th.

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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