Hawaiian Electric Industries, Inc. (HE) Position Reduced by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 13.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,376 shares of the utilities provider’s stock after selling 1,396 shares during the quarter. ProShare Advisors LLC’s holdings in Hawaiian Electric Industries were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of HE. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hawaiian Electric Industries by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the utilities provider’s stock valued at $125,000 after buying an additional 297 shares during the last quarter. Ffcm LLC raised its holdings in Hawaiian Electric Industries by 121.0% in the 2nd quarter. Ffcm LLC now owns 4,826 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 2,642 shares in the last quarter. CKW Financial Group raised its holdings in Hawaiian Electric Industries by 41.5% in the 2nd quarter. CKW Financial Group now owns 6,136 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 1,801 shares in the last quarter. World Asset Management Inc raised its holdings in Hawaiian Electric Industries by 2.2% in the 2nd quarter. World Asset Management Inc now owns 6,873 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 150 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Hawaiian Electric Industries by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,279 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 48.49% of the company’s stock.

Several brokerages have commented on HE. BidaskClub upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th.

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Hawaiian Electric Industries, Inc. (NYSE HE) opened at 34.07 on Wednesday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 15.17 and a beta of 0.47. The firm has a 50-day moving average of $33.62 and a 200 day moving average of $33.21. Hawaiian Electric Industries, Inc. has a one year low of $28.37 and a one year high of $34.64.

Hawaiian Electric Industries (NYSE:HE) last released 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 return on equity of 8.83% and a net margin of 9.91%. The business had revenue of $556.90 million for the quarter, compared to the consensus estimate of $568.00 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts predict that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Wednesday, August 23rd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.24 annualized dividend and a dividend yield of 3.64%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is 55.11%.

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).

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

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