Utah Retirement Systems increased its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,776 shares of the utilities provider’s stock after acquiring an additional 300 shares during the period. Utah Retirement Systems’ holdings in Hawaiian Electric Industries were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HE. BlackRock Inc. grew its holdings in Hawaiian Electric Industries by 6,287.3% during the first quarter. BlackRock Inc. now owns 9,095,425 shares of the utilities provider’s stock worth $302,969,000 after acquiring an additional 8,953,026 shares during the period. Bank of New York Mellon Corp grew its holdings in Hawaiian Electric Industries by 26.2% during the first quarter. Bank of New York Mellon Corp now owns 2,874,592 shares of the utilities provider’s stock worth $95,753,000 after acquiring an additional 596,759 shares during the period. First Trust Advisors LP grew its holdings in Hawaiian Electric Industries by 30.5% during the second quarter. First Trust Advisors LP now owns 2,430,078 shares of the utilities provider’s stock worth $78,686,000 after acquiring an additional 568,063 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Hawaiian Electric Industries by 631.8% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 591,407 shares of the utilities provider’s stock worth $19,700,000 after acquiring an additional 510,595 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Hawaiian Electric Industries by 5.3% during the first quarter. Vanguard Group Inc. now owns 9,685,627 shares of the utilities provider’s stock worth $322,628,000 after acquiring an additional 489,152 shares during the period. 48.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hawaiian Electric Industries, Inc. (NYSE HE) opened at 33.74 on Thursday. Hawaiian Electric Industries, Inc. has a one year low of $28.31 and a one year high of $34.64. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 15.02 and a beta of 0.47. The firm has a 50-day moving average price of $33.27 and a 200 day moving average price of $33.13.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 9.91% and a return on equity of 8.83%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. Equities analysts forecast that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Monday, August 21st. Hawaiian Electric Industries’s dividend payout ratio is presently 55.11%.

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HE has been the topic of several analyst reports. BidaskClub lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, May 26th.

About Hawaiian Electric Industries

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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