Hawaiian Electric Industries Inc. (NYSE:HE)’s share price fell 1.1% during mid-day trading on Monday . The stock traded as low as $30.55 and last traded at $30.60, with a volume of 411,025 shares trading hands. The stock had previously closed at $30.94.

Separately, Zacks Investment Research downgraded shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 8th.

The stock has a market cap of $3.30 billion and a P/E ratio of 19.35. The stock’s 50 day moving average price is $31.59 and its 200 day moving average price is $31.85.

Hawaiian Electric Industries (NYSE:HE) last announced its earnings results on Thursday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $566.24 million for the quarter, compared to the consensus estimate of $622.85 million. During the same period in the prior year, the business earned $0.39 EPS. Hawaiian Electric Industries’s quarterly revenue was down 9.2% on a year-over-year basis. Equities analysts predict that Hawaiian Electric Industries Inc. will post $1.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Wednesday, August 24th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Monday, August 22nd.

In related news, Director Thomas B. Fargo sold 7,000 shares of Hawaiian Electric Industries stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $30.60, for a total transaction of $214,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

An institutional investor recently raised its position in Hawaiian Electric Industries stock. Bank of Montreal Can increased its stake in shares of Hawaiian Electric Industries Inc. (NYSE:HE) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,267 shares of the company’s stock after buying an additional 4,204 shares during the period. Bank of Montreal Can owned about 0.10% of Hawaiian Electric Industries worth $3,249,000 as of its most recent SEC filing.

Hawaiian Electric Industries, Inc (HEI) 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 segments include Electric utility, Bank and Other. The Company operates its electric utility business through Hawaiian Electric Company, Inc and its subsidiaries, Hawaii Electric Light Company, Inc and Maui Electric Company, Limited (Maui Electric).

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