Paloma Partners Management Co raised its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 285.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,568 shares of the utilities provider’s stock after buying an additional 44,847 shares during the period. Paloma Partners Management Co’s holdings in Hawaiian Electric Industries were worth $2,017,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Hawaiian Electric Industries by 25.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,057 shares of the utilities provider’s stock valued at $101,000 after buying an additional 628 shares during the last quarter. Airain ltd acquired a new position in Hawaiian Electric Industries during the first quarter valued at $203,000. NTV Asset Management LLC acquired a new position in Hawaiian Electric Industries during the first quarter valued at $209,000. World Asset Management Inc raised its position in Hawaiian Electric Industries by 2.0% in 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, State of Alaska Department of Revenue raised its position in Hawaiian Electric Industries by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 6,823 shares of the utilities provider’s stock valued at $227,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 48.33% of the company’s stock.

Shares of Hawaiian Electric Industries, Inc. (NYSE HE) traded down 0.15% during trading on Monday, reaching $32.95. 60,138 shares of the company’s stock were exchanged. Hawaiian Electric Industries, Inc. has a 52-week low of $28.31 and a 52-week high of $34.98. The firm has a market capitalization of $3.58 billion, a P/E ratio of 14.34 and a beta of 0.46. The company has a 50 day moving average of $33.13 and a 200 day moving average of $33.19.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Wednesday, May 24th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, May 22nd. Hawaiian Electric Industries’s dividend payout ratio is currently 53.91%.

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Several research firms recently weighed in on HE. Zacks Investment Research lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Evercore ISI lowered shares of Hawaiian Electric Industries to an “underperform” rating in a report on Monday, March 6th. Finally, Barclays PLC restated an “underweight” rating and set a $29.00 target price (up previously from $27.00) on shares of Hawaiian Electric Industries in a report on Sunday, April 23rd.

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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