California Public Employees Retirement System lowered its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,515 shares of the utilities provider’s stock after selling 7,600 shares during the quarter. California Public Employees Retirement System owned 0.34% of Hawaiian Electric Industries worth $11,997,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Hawaiian Electric Industries by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 297 shares during the period. Ffcm LLC raised its holdings in shares of Hawaiian Electric Industries by 121.0% during the second quarter. Ffcm LLC now owns 4,826 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 2,642 shares during the period. CKW Financial Group raised its holdings 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 period. World Asset Management Inc raised its holdings 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 period. Finally, State of Alaska Department of Revenue raised its holdings 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 period. Institutional investors and hedge funds own 48.49% of the company’s stock.

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Hawaiian Electric Industries, Inc. (HE) opened at 33.78 on Friday. The firm has a 50-day moving average of $33.55 and a 200 day moving average of $33.21. Hawaiian Electric Industries, Inc. has a 1-year low of $28.35 and a 1-year high of $34.64. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 15.04 and a beta of 0.47.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $556.90 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Analysts expect that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current fiscal year.

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

A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Hawaiian Electric Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of 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).

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

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