Schwab Charles Investment Management Inc. boosted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 741,264 shares of the utilities provider’s stock after purchasing an additional 59,593 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Hawaiian Electric Industries were worth $25,426,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Atria Investments LLC bought a new stake in Hawaiian Electric Industries in the 2nd quarter valued at $216,000. Signition LP bought a new stake in Hawaiian Electric Industries in the 2nd quarter valued at $238,000. Regentatlantic Capital LLC bought a new stake in Hawaiian Electric Industries in the 2nd quarter valued at $247,000. WINTON GROUP Ltd bought a new stake in Hawaiian Electric Industries in the 1st quarter valued at $252,000. Finally, Stevens Capital Management LP bought a new stake in Hawaiian Electric Industries in the 1st quarter valued at $283,000. Hedge funds and other institutional investors own 50.77% of the company’s stock.

Shares of Hawaiian Electric Industries stock opened at $36.15 on Friday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.88 and a beta of 0.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.08 and a current ratio of 0.08. Hawaiian Electric Industries, Inc. has a 52-week low of $31.72 and a 52-week high of $38.72.

Hawaiian Electric Industries (NYSE:HE) last announced its quarterly earnings results on Friday, August 3rd. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $685.28 million for the quarter, compared to analyst estimates of $637.52 million. Hawaiian Electric Industries had a net margin of 6.78% and a return on equity of 9.28%. analysts expect that Hawaiian Electric Industries, Inc. will post 1.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Tuesday, August 21st will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Monday, August 20th. Hawaiian Electric Industries’s payout ratio is 75.15%.

HE has been the topic of several analyst reports. Zacks Investment Research raised shares of Hawaiian Electric Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Tuesday, May 22nd. Bank of America raised shares of Hawaiian Electric Industries from an “underperform” rating to a “neutral” rating in a report on Monday, July 2nd.

Hawaiian Electric Industries Profile

Hawaiian Electric Industries, Inc, through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company's Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, sugarcane waste, municipal waste, and other bio fuels.

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

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