Hawaiian Electric Industries, Inc. (NYSE:HE) Director Thomas B. Fargo sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $36.46, for a total value of $200,530.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hawaiian Electric Industries, Inc. (NYSE:HE) opened at $36.23 on Friday. The company has a market capitalization of $3,941.32, a P/E ratio of 22.23, a PEG ratio of 5.23 and a beta of 0.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.83 and a quick ratio of 0.83. Hawaiian Electric Industries, Inc. has a 12-month low of $28.92 and a 12-month high of $36.81.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $673.19 million during the quarter, compared to analyst estimates of $648.93 million. Hawaiian Electric Industries had a return on equity of 8.64% and a net margin of 7.14%. Hawaiian Electric Industries’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. research analysts expect that Hawaiian Electric Industries, Inc. will post 1.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Wednesday, November 22nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.24 annualized dividend and a dividend yield of 3.42%. Hawaiian Electric Industries’s payout ratio is 76.07%.

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Several institutional investors and hedge funds have recently modified their holdings of HE. Wellington Management Group LLP acquired a new position in Hawaiian Electric Industries during the 1st quarter valued at approximately $752,000. Teachers Advisors LLC boosted its position in Hawaiian Electric Industries by 5.7% during the 1st quarter. Teachers Advisors LLC now owns 125,323 shares of the utilities provider’s stock valued at $4,175,000 after purchasing an additional 6,805 shares during the period. Dimensional Fund Advisors LP boosted its position in Hawaiian Electric Industries by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 994,176 shares of the utilities provider’s stock valued at $33,116,000 after purchasing an additional 49,130 shares during the period. Morgan Stanley boosted its position in Hawaiian Electric Industries by 97.7% during the 1st quarter. Morgan Stanley now owns 593,605 shares of the utilities provider’s stock valued at $19,772,000 after purchasing an additional 293,329 shares during the period. Finally, State Street Corp boosted its position in Hawaiian Electric Industries by 9.1% during the 1st quarter. State Street Corp now owns 3,154,471 shares of the utilities provider’s stock valued at $105,075,000 after purchasing an additional 262,357 shares during the period. Institutional investors own 48.22% of the company’s stock.

A number of equities research analysts have weighed in on HE shares. J P Morgan Chase & Co raised their price objective on Hawaiian Electric Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. BidaskClub lowered Hawaiian Electric Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Bank of America Corporation assumed coverage on Hawaiian Electric Industries in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 target price for the company. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock currently has an average rating of “Sell” and a consensus target price of $32.33.

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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