Bartlett & Co. LLC continued to hold its stake in shares of Hawaiian Electric Industries Inc. (NYSE:HE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the company’s stock at the end of the second quarter. Bartlett & Co. LLC’s holdings in Hawaiian Electric Industries were worth $131,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the stock. Retirement Systems of Alabama increased its stake in shares of Hawaiian Electric Industries by 0.3% in the second quarter. Retirement Systems of Alabama now owns 139,174 shares of the company’s stock valued at $4,564,000 after buying an additional 396 shares during the period. Prospera Financial Services Inc purchased a new stake in Hawaiian Electric Industries during the second quarter worth about $200,000. Bank of Montreal Can purchased a new stake in Hawaiian Electric Industries during the second quarter worth about $2,168,000. LS Investment Advisors LLC increased its stake in Hawaiian Electric Industries by 72.8% in the second quarter. LS Investment Advisors LLC now owns 6,430 shares of the company’s stock worth $211,000 after buying an additional 2,708 shares during the last quarter. Finally, Creative Planning increased its stake in Hawaiian Electric Industries by 26.8% in the second quarter. Creative Planning now owns 42,021 shares of the company’s stock worth $1,378,000 after buying an additional 8,888 shares during the last quarter. 43.80% of the stock is currently owned by institutional investors.
Hawaiian Electric Industries Inc. (NYSE:HE) traded down 1.94% during mid-day trading on Friday, reaching $29.85. The company’s stock had a trading volume of 719,086 shares. The firm’s 50 day moving average is $30.23 and its 200-day moving average is $31.86. Hawaiian Electric Industries Inc. has a 12-month low of $27.30 and a 12-month high of $34.98. The company has a market cap of $3.23 billion, a PE ratio of 18.95 and a beta of 0.23.
Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $566.24 million for the quarter, compared to the consensus estimate of $622.85 million. Hawaiian Electric Industries had a return on equity of 9.26% and a net margin of 6.97%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. Equities analysts anticipate that Hawaiian Electric Industries Inc. will post $1.67 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Wednesday, August 24th were paid a $0.31 dividend. The ex-dividend date was Monday, August 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.15%. Hawaiian Electric Industries’s payout ratio is 78.98%.
Separately, Zacks Investment Research downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 8th.
In other news, Director Thomas B. Fargo sold 7,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $30.60, for a total value of $214,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barry K. Taniguchi sold 14,942 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $30.29, for a total value of $452,593.18. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.
About Hawaiian Electric Industries
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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