Swiss National Bank grew its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,000 shares of the utilities provider’s stock after buying an additional 2,500 shares during the quarter. Swiss National Bank owned 0.17% of Hawaiian Electric Industries worth $5,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Great West Life Assurance Co. Can grew its holdings in shares of Hawaiian Electric Industries by 12.9% during the second quarter. Great West Life Assurance Co. Can now owns 72,717 shares of the utilities provider’s stock valued at $2,353,000 after buying an additional 8,324 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of Hawaiian Electric Industries by 124.5% during the second quarter. First Hawaiian Bank now owns 29,887 shares of the utilities provider’s stock valued at $968,000 after buying an additional 16,575 shares during the last quarter. Lucus Advisors LLC purchased a new stake in shares of Hawaiian Electric Industries during the first quarter valued at approximately $408,000. World Asset Management Inc grew its holdings in shares of Hawaiian Electric Industries by 2.0% during the first quarter. World Asset Management Inc now owns 6,723 shares of the utilities provider’s stock valued at $224,000 after buying an additional 135 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Hawaiian Electric Industries by 12.1% during the second quarter. Legal & General Group Plc now owns 200,558 shares of the utilities provider’s stock valued at $6,495,000 after buying an additional 21,628 shares during the last quarter. Hedge funds and other institutional investors own 48.49% of the company’s stock.

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

Shares of Hawaiian Electric Industries, Inc. (HE) opened at 33.49 on Tuesday. The company has a 50-day moving average of $33.37 and a 200 day moving average of $33.14. Hawaiian Electric Industries, Inc. has a one year low of $28.31 and a one year high of $34.64. The stock has a market cap of $3.64 billion, a PE ratio of 14.91 and a beta of 0.47.

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). The company had revenue of $556.90 million for the quarter, compared to analysts’ expectations of $568.00 million. Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. On average, analysts predict that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.70%. The ex-dividend date was Monday, August 21st. Hawaiian Electric Industries’s dividend payout ratio is presently 55.11%.

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).

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

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