Hawaiian Electric Industries, Inc. (NYSE:HE) Holdings Boosted by Tyers Asset Management LLC

Tyers Asset Management LLC boosted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,666 shares of the utilities provider’s stock after buying an additional 1,342 shares during the quarter. Tyers Asset Management LLC’s holdings in Hawaiian Electric Industries were worth $720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc boosted its holdings in shares of Hawaiian Electric Industries by 2.1% during the third quarter. Vanguard Group Inc now owns 10,794,377 shares of the utilities provider’s stock worth $384,172,000 after acquiring an additional 220,546 shares during the period. BlackRock Inc. boosted its holdings in shares of Hawaiian Electric Industries by 3.1% during the first quarter. BlackRock Inc. now owns 10,144,712 shares of the utilities provider’s stock worth $413,600,000 after acquiring an additional 305,064 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hawaiian Electric Industries by 3,562.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,567,995 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 1,525,177 shares during the period. ValueAct Holdings L.P. boosted its holdings in shares of Hawaiian Electric Industries by 25.9% during the fourth quarter. ValueAct Holdings L.P. now owns 1,507,295 shares of the utilities provider’s stock worth $55,197,000 after acquiring an additional 310,034 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Hawaiian Electric Industries by 6.6% during the first quarter. Acadian Asset Management LLC now owns 1,435,359 shares of the utilities provider’s stock worth $58,519,000 after acquiring an additional 88,818 shares during the period. 52.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:HE opened at $43.45 on Friday. Hawaiian Electric Industries, Inc. has a 12-month low of $32.59 and a 12-month high of $43.61. The company has a market cap of $4.73 billion, a PE ratio of 22.99, a PEG ratio of 4.02 and a beta of 0.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.07 and a quick ratio of 0.07.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Hawaiian Electric Industries had a return on equity of 9.75% and a net margin of 7.27%. The company had revenue of $661.62 million during the quarter, compared to analysts’ expectations of $563.95 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Hawaiian Electric Industries, Inc. will post 1.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Wednesday, May 22nd. Hawaiian Electric Industries’s dividend payout ratio is presently 69.19%.

Separately, Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Tuesday, February 26th.

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Hawaiian Electric Industries Profile

Hawaiian Electric Industries, Inc, through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company's Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other bio fuels.

Further Reading: Average Daily Trade Volume – ADTV

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

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