Hawaiian Electric Industries, Inc. (HE) Position Boosted by LS Investment Advisors LLC

LS Investment Advisors LLC boosted its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,387 shares of the utilities provider’s stock after buying an additional 38 shares during the period. LS Investment Advisors LLC’s holdings in Hawaiian Electric Industries were worth $246,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Martingale Asset Management L P raised its stake in shares of Hawaiian Electric Industries by 947.1% in the fourth quarter. Martingale Asset Management L P now owns 226,189 shares of the utilities provider’s stock worth $7,481,000 after buying an additional 204,587 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Hawaiian Electric Industries by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,067 shares of the utilities provider’s stock worth $531,000 after buying an additional 63 shares during the period. Comerica Bank raised its position in shares of Hawaiian Electric Industries by 5.6% in the fourth quarter. Comerica Bank now owns 90,672 shares of the utilities provider’s stock valued at $3,028,000 after buying an additional 4,828 shares during the period. Cadence Capital Management LLC acquired a new position in shares of Hawaiian Electric Industries during the fourth quarter valued at approximately $260,000. Finally, Russell Investments Group Ltd. purchased a new stake in Hawaiian Electric Industries during the fourth quarter valued at about $6,607,000. 48.87% of the stock is currently owned by hedge funds and other institutional investors.

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

Hawaiian Electric Industries, Inc. (NYSE:HE) opened at 33.59 on Friday. The stock has a market cap of $3.65 billion, a P/E ratio of 14.62 and a beta of 0.46. Hawaiian Electric Industries, Inc. has a 12-month low of $28.31 and a 12-month high of $34.98. The stock has a 50 day moving average price of $33.13 and a 200-day moving average price of $33.13.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Friday, May 5th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $591.56 million during the quarter, compared to analysts’ expectations of $555.45 million. Hawaiian Electric Industries had a net margin of 10.41% and a return on equity of 9.35%. On average, equities analysts expect that Hawaiian Electric Industries, Inc. will post $1.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Wednesday, May 24th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Monday, May 22nd. Hawaiian Electric Industries’s dividend payout ratio (DPR) is 53.91%.

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HE has been the topic of several research analyst reports. Evercore ISI downgraded Hawaiian Electric Industries to an “underperform” rating in a report on Monday, March 6th. Barclays PLC reiterated an “underweight” rating and issued a $29.00 price objective (up previously from $27.00) on shares of Hawaiian Electric Industries in a report on Sunday, April 23rd. Finally, 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 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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