Hawaiian Electric Industries, Inc. (NYSE:HE) Director Sells $124,880.00 in Stock

Hawaiian Electric Industries, Inc. (NYSE:HE) Director Micah A. Kane sold 2,800 shares of Hawaiian Electric Industries stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $44.60, for a total transaction of $124,880.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NYSE:HE traded down $0.48 during midday trading on Friday, reaching $44.12. 240,908 shares of the company were exchanged, compared to its average volume of 358,351. Hawaiian Electric Industries, Inc. has a fifty-two week low of $34.78 and a fifty-two week high of $45.60. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $44.39 and a two-hundred day simple moving average of $42.45. The firm has a market cap of $4.74 billion, a PE ratio of 23.85, a P/E/G ratio of 5.83 and a beta of 0.21.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). Hawaiian Electric Industries had a return on equity of 9.47% and a net margin of 7.07%. The company had revenue of $715.49 million for the quarter, compared to analyst estimates of $592.84 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. As a group, analysts forecast that Hawaiian Electric Industries, Inc. will post 1.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.90%. Hawaiian Electric Industries’s payout ratio is 69.19%.

Large investors have recently modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of Hawaiian Electric Industries by 60.9% during the first quarter. Signaturefd LLC now owns 872 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 330 shares during the period. Personal Wealth Partners acquired a new stake in shares of Hawaiian Electric Industries during the second quarter worth $48,000. Flagship Harbor Advisors LLC raised its holdings in shares of Hawaiian Electric Industries by 153.7% during the second quarter. Flagship Harbor Advisors LLC now owns 1,139 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 690 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Hawaiian Electric Industries during the second quarter worth $52,000. Finally, CWM LLC raised its holdings in shares of Hawaiian Electric Industries by 40.0% during the second quarter. CWM LLC now owns 1,329 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 54.14% of the company’s stock.

A number of equities analysts have recently weighed in on HE shares. UBS Group lifted their price target on shares of Hawaiian Electric Industries from $35.00 to $37.00 and gave the stock a “sell” rating in a research report on Friday. Zacks Investment Research raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating and set a $47.00 price target on the stock in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. cut shares of Hawaiian Electric Industries from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $37.00 to $38.00 in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has an average rating of “Sell” and a consensus target price of $38.60.

Hawaiian Electric Industries Company 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.

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