Federated Investors Inc. PA cut its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 18.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,451 shares of the utilities provider’s stock after selling 12,624 shares during the quarter. Federated Investors Inc. PA owned approximately 0.05% of Hawaiian Electric Industries worth $1,796,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. CKW Financial Group lifted its holdings in Hawaiian Electric Industries by 41.5% in 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. Airain ltd acquired a new position in Hawaiian Electric Industries in the first quarter valued at approximately $203,000. World Asset Management Inc lifted its holdings in Hawaiian Electric Industries by 2.2% in 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. State of Alaska Department of Revenue lifted its holdings in Hawaiian Electric Industries by 6.7% in 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. Finally, US Bancorp DE lifted its holdings in Hawaiian Electric Industries by 19.0% in the second quarter. US Bancorp DE now owns 7,291 shares of the utilities provider’s stock valued at $236,000 after acquiring an additional 1,162 shares during the period. 48.60% of the stock is owned by institutional investors.
Hawaiian Electric Industries, Inc. (HE) opened at 34.13 on Monday. The firm has a 50-day moving average price of $33.19 and a 200-day moving average price of $33.11. Hawaiian Electric Industries, Inc. has a one year low of $28.31 and a one year high of $34.13. The firm has a market capitalization of $3.71 billion, a P/E ratio of 15.20 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 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.03. Hawaiian Electric Industries had a net margin of 9.91% and a return on equity of 8.83%. The company had revenue of $556.90 million during the quarter, compared to analysts’ expectations of $568 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts anticipate that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 23rd will be paid a $0.31 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is currently 55.11%.
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A number of brokerages have issued reports on HE. BidaskClub raised Hawaiian Electric Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, May 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).
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