LPL Financial LLC increased its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 44.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,679 shares of the utilities provider’s stock after acquiring an additional 4,799 shares during the period. LPL Financial LLC’s holdings in Hawaiian Electric Industries were worth $567,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HE. New York State Common Retirement Fund raised its holdings in Hawaiian Electric Industries by 3.2% during the third quarter. New York State Common Retirement Fund now owns 229,200 shares of the utilities provider’s stock worth $7,648,000 after acquiring an additional 7,000 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Hawaiian Electric Industries by 1.6% during the third quarter. Ameriprise Financial Inc. now owns 310,956 shares of the utilities provider’s stock worth $10,376,000 after acquiring an additional 4,878 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Hawaiian Electric Industries by 48.5% during the third quarter. JPMorgan Chase & Co. now owns 406,788 shares of the utilities provider’s stock worth $13,697,000 after acquiring an additional 132,935 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Hawaiian Electric Industries by 6.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 612,436 shares of the utilities provider’s stock worth $20,437,000 after acquiring an additional 37,410 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Hawaiian Electric Industries by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,014,372 shares of the utilities provider’s stock worth $33,851,000 after acquiring an additional 29,468 shares in the last quarter. Institutional investors and hedge funds own 49.00% of the company’s stock.

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In other Hawaiian Electric Industries news, Director Jeffrey N. Watanabe sold 9,300 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $33.18, for a total value of $308,574.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.87% of the stock is owned by corporate insiders.

NYSE:HE opened at $34.62 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $3,720.19, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.70 and a beta of 0.34. Hawaiian Electric Industries, Inc. has a 12-month low of $31.71 and a 12-month high of $38.72.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Wednesday, February 14th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $658.60 million for the quarter, compared to analyst estimates of $547.89 million. Hawaiian Electric Industries had a return on equity of 8.69% and a net margin of 6.54%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. equities research analysts predict that Hawaiian Electric Industries, Inc. will post 1.88 EPS for the current fiscal year.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. JPMorgan Chase dropped their price objective on Hawaiian Electric Industries from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Finally, UBS assumed coverage on Hawaiian Electric Industries in a research note on Friday, February 2nd. They issued a “sell” rating and a $29.00 price objective on the stock. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Hawaiian Electric Industries presently has an average rating of “Hold” and a consensus price target of $31.00.

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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).

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

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