JPMorgan Chase & Co. raised its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 48.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 406,788 shares of the utilities provider’s stock after purchasing an additional 132,935 shares during the quarter. JPMorgan Chase & Co. owned about 0.37% of Hawaiian Electric Industries worth $13,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HE. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Hawaiian Electric Industries by 0.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,146 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 70 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Hawaiian Electric Industries by 0.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,710 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hawaiian Electric Industries by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 297 shares in the last quarter. Utah Retirement Systems lifted its holdings in shares of Hawaiian Electric Industries by 1.5% in the second quarter. Utah Retirement Systems now owns 19,776 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 300 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Hawaiian Electric Industries by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 32,544 shares of the utilities provider’s stock valued at $1,054,000 after purchasing an additional 488 shares in the last quarter. 49.23% of the stock is owned by hedge funds and other institutional investors.

Hawaiian Electric Industries, Inc. (HE) opened at $36.00 on Thursday. Hawaiian Electric Industries, Inc. has a one year low of $31.71 and a one year high of $38.72. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.77. The firm has a market cap of $3,951.11, a price-to-earnings ratio of 22.28, a PEG ratio of 5.22 and a beta of 0.50.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). Hawaiian Electric Industries had a return on equity of 8.64% and a net margin of 7.14%. The company had revenue of $673.19 million during the quarter, compared to analyst estimates of $648.93 million. During the same period last year, the company posted $0.58 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. research analysts predict that Hawaiian Electric Industries, Inc. will post 1.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Wednesday, November 22nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, November 21st. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 76.07%.

A number of research firms have recently weighed in on HE. Zacks Investment Research raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, November 28th. J P Morgan Chase & Co upped their price target on shares of Hawaiian Electric Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. BidaskClub raised shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Bank of America began coverage on shares of Hawaiian Electric Industries in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $32.33.

In other news, Director Thomas B. Fargo sold 5,500 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $36.46, for a total value of $200,530.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

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Hawaiian Electric Industries 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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