Breton Hill Capital Ltd. decreased its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 13.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,611 shares of the utilities provider’s stock after selling 2,572 shares during the quarter. Breton Hill Capital Ltd.’s holdings in Hawaiian Electric Industries were worth $554,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Hawaiian Electric Industries by 2.1% in the 2nd quarter. State Street Corp now owns 3,219,420 shares of the utilities provider’s stock valued at $104,245,000 after buying an additional 64,949 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Hawaiian Electric Industries by 4.3% in the 2nd quarter. Wells Fargo & Company MN now owns 2,743,198 shares of the utilities provider’s stock valued at $88,823,000 after buying an additional 113,307 shares in the last quarter. First Trust Advisors LP raised its position in shares of Hawaiian Electric Industries by 30.5% in the 2nd quarter. First Trust Advisors LP now owns 2,430,078 shares of the utilities provider’s stock valued at $78,686,000 after buying an additional 568,063 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hawaiian Electric Industries by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 994,176 shares of the utilities provider’s stock valued at $33,116,000 after buying an additional 49,130 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Hawaiian Electric Industries by 10.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 575,026 shares of the utilities provider’s stock valued at $18,620,000 after buying an additional 52,847 shares in the last quarter. Institutional investors and hedge funds own 48.22% of the company’s stock.

Hawaiian Electric Industries, Inc. (NYSE HE) traded down $0.17 during mid-day trading on Friday, reaching $36.23. 913,300 shares of the company were exchanged, compared to its average volume of 406,426. The firm has a market cap of $3,941.32, a PE ratio of 22.23, a price-to-earnings-growth ratio of 5.23 and a beta of 0.49. Hawaiian Electric Industries, Inc. has a twelve month low of $28.92 and a twelve month high of $36.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.83 and a current ratio of 0.83.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The company had revenue of $673.19 million for the quarter, compared to analyst estimates of $648.93 million. Hawaiian Electric Industries had a return on equity of 8.64% and a net margin of 7.14%. Hawaiian Electric Industries’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share. analysts predict 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, December 12th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Tuesday, November 21st. Hawaiian Electric Industries’s dividend payout ratio is 76.07%.

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Several equities analysts have recently commented on the stock. Bank of America Corporation assumed coverage on shares of Hawaiian Electric Industries in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 target price for the company. BidaskClub upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, J P Morgan Chase & Co boosted their target price on shares of Hawaiian Electric Industries from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Hawaiian Electric Industries has a consensus rating of “Sell” and an average price target of $32.33.

In related news, Director Thomas B. Fargo sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $36.46, for a total transaction of $200,530.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by corporate insiders.

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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