Bokf Na increased its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 117.1% during the third quarter, Holdings Channel reports. The institutional investor owned 143,441 shares of the company’s stock after buying an additional 77,378 shares during the period. Bokf Na owned about 0.13% of Hawaiian Electric Industries worth $4,281,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of HE. UBS Asset Management Americas Inc. raised its stake in shares of Hawaiian Electric Industries by 1.9% in the second quarter. UBS Asset Management Americas Inc. now owns 113,498 shares of the company’s stock worth $3,722,000 after buying an additional 2,112 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Hawaiian Electric Industries by 3.0% in the second quarter. Nationwide Fund Advisors now owns 182,671 shares of the company’s stock worth $5,990,000 after buying an additional 5,373 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Hawaiian Electric Industries by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 276,660 shares of the company’s stock worth $9,071,000 after buying an additional 9,462 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Hawaiian Electric Industries by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 30,447 shares of the company’s stock worth $998,000 after buying an additional 158 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Hawaiian Electric Industries during the second quarter worth about $1,829,000. Institutional investors and hedge funds own 44.12% of the company’s stock.
Hawaiian Electric Industries, Inc. (NYSE:HE) traded up 1.34% during mid-day trading on Friday, hitting $33.33. The stock had a trading volume of 481,250 shares. The company has a 50 day moving average price of $32.26 and a 200-day moving average price of $30.87. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 14.68 and a beta of 0.29. Hawaiian Electric Industries, Inc. has a one year low of $27.30 and a one year high of $34.98.
Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Wednesday, November 9th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.08. Hawaiian Electric Industries had a net margin of 10.38% and a return on equity of 9.64%. The firm had revenue of $646.05 million for the quarter, compared to analyst estimates of $728.12 million. During the same quarter last year, the business earned $0.49 earnings per share. Hawaiian Electric Industries’s revenue was down 9.9% compared to the same quarter last year. Equities analysts expect that Hawaiian Electric Industries, Inc. will post $1.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Investors of record on Tuesday, November 22nd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 3.72%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is currently 54.63%.
Separately, Zacks Investment Research raised Hawaiian Electric Industries from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday, November 15th.
Hawaiian Electric Industries Company Profile
Hawaiian Electric Industries, Inc (HEI) 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 segments include Electric utility, Bank and Other. The Company operates its electric utility business through Hawaiian Electric Company, Inc and its subsidiaries, Hawaii Electric Light Company, Inc and Maui Electric Company, Limited (Maui Electric).
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