Asset Management One Co. Ltd. decreased its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 50.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 98,800 shares of the utilities provider’s stock after selling 100,000 shares during the period. Asset Management One Co. Ltd. owned approximately 0.09% of Hawaiian Electric Industries worth $3,327,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HE. Raymond James Financial Services Advisors Inc. boosted its position in Hawaiian Electric Industries by 0.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,146 shares of the utilities provider’s stock valued at $329,000 after buying an additional 70 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position 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 buying an additional 217 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 buying an additional 297 shares during the last quarter. Utah Retirement Systems boosted its position 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 buying an additional 300 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in Hawaiian Electric Industries by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 32,544 shares of the utilities provider’s stock valued at $1,054,000 after buying an additional 488 shares during the last quarter. Institutional investors and hedge funds own 49.23% of the company’s stock.

In other Hawaiian Electric Industries news, Director Thomas B. Fargo sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $36.46, for a total value of $200,530.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

HE has been the topic of a number of recent research reports. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. BidaskClub upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. J P Morgan Chase & Co upped their target price on Hawaiian Electric Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Bank of America initiated coverage on Hawaiian Electric Industries in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Hawaiian Electric Industries presently has an average rating of “Hold” and an average price target of $32.33.

Shares of Hawaiian Electric Industries, Inc. (NYSE:HE) opened at $36.00 on Thursday. The company has a market capitalization of $3,951.11, a P/E ratio of 22.28, a P/E/G ratio of 5.22 and a beta of 0.50. Hawaiian Electric Industries, Inc. has a 52-week low of $31.71 and a 52-week high of $38.72. 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 (NYSE:HE) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). Hawaiian Electric Industries had a net margin of 7.14% and a return on equity of 8.64%. The firm had revenue of $673.19 million during the quarter, compared to analysts’ expectations of $648.93 million. During the same quarter in the prior year, the company earned $0.58 EPS. Hawaiian Electric Industries’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.64 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Wednesday, November 22nd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Tuesday, November 21st. Hawaiian Electric Industries’s payout ratio is presently 76.07%.

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

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