Hawaiian Electric Industries, Inc. (HE) Shares Bought by Parkwood LLC

Parkwood LLC raised its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 80.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,927 shares of the utilities provider’s stock after buying an additional 6,652 shares during the period. Parkwood LLC’s holdings in Hawaiian Electric Industries were worth $483,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Hawaiian Electric Industries by 25.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,057 shares of the utilities provider’s stock worth $101,000 after buying an additional 628 shares during the last quarter. Teachers Advisors LLC boosted its stake in Hawaiian Electric Industries by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 118,518 shares of the utilities provider’s stock worth $3,919,000 after buying an additional 5,258 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Hawaiian Electric Industries by 2.8% in the fourth quarter. Macquarie Group Ltd. now owns 21,800 shares of the utilities provider’s stock worth $721,000 after buying an additional 600 shares in the last quarter. Creative Planning boosted its stake in Hawaiian Electric Industries by 1.3% in the first quarter. Creative Planning now owns 43,508 shares of the utilities provider’s stock worth $1,449,000 after buying an additional 568 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Hawaiian Electric Industries by 0.8% in the first quarter. Capstone Asset Management Co. now owns 10,215 shares of the utilities provider’s stock worth $340,000 after buying an additional 80 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Hawaiian Electric Industries, Inc. (NYSE HE) opened at 33.18 on Friday. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 14.77 and a beta of 0.46. The stock’s 50 day moving average price is $32.67 and its 200 day moving average price is $33.10. Hawaiian Electric Industries, Inc. has a 12-month low of $28.31 and a 12-month high of $34.08.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data 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 the consensus estimate of $568 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Analysts forecast that Hawaiian Electric Industries, Inc. will post $1.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Wednesday, August 23rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.24 annualized dividend and a dividend yield of 3.74%. Hawaiian Electric Industries’s dividend payout ratio is currently 55.11%.

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HE has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Barclays PLC reaffirmed an “underweight” rating and set a $29.00 target price (up previously from $27.00) on shares of Hawaiian Electric Industries in a research note on Sunday, April 23rd. Finally, BidaskClub cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th.

Hawaiian Electric Industries Company 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).

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

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