JPMorgan Chase & Co. decreased its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 38.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,666 shares of the utilities provider’s stock after selling 112,952 shares during the period. JPMorgan Chase & Co.’s holdings in Hawaiian Electric Industries were worth $6,501,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HE. Oregon Public Employees Retirement Fund boosted its position in shares of Hawaiian Electric Industries by 3.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,281 shares of the utilities provider’s stock worth $1,450,000 after purchasing an additional 1,479 shares during the period. Arizona State Retirement System boosted its position in shares of Hawaiian Electric Industries by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 77,309 shares of the utilities provider’s stock worth $2,751,000 after purchasing an additional 1,743 shares during the period. Raymond James & Associates boosted its position in shares of Hawaiian Electric Industries by 18.5% during the 2nd quarter. Raymond James & Associates now owns 14,765 shares of the utilities provider’s stock worth $506,000 after purchasing an additional 2,305 shares during the period. Creative Planning boosted its position in shares of Hawaiian Electric Industries by 5.0% during the 3rd quarter. Creative Planning now owns 48,905 shares of the utilities provider’s stock worth $1,741,000 after purchasing an additional 2,346 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Hawaiian Electric Industries by 0.3% during the 2nd quarter. Northern Trust Corp now owns 880,318 shares of the utilities provider’s stock worth $30,196,000 after purchasing an additional 2,792 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

HE has been the subject of a number of research analyst reports. Wells Fargo & Co increased their price objective on shares of Hawaiian Electric Industries from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Zacks Investment Research cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Bank of America cut shares of Hawaiian Electric Industries from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $35.00 to $34.00 in a research report on Thursday, November 15th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company has an average rating of “Sell” and a consensus target price of $34.00.

Hawaiian Electric Industries stock opened at $38.75 on Friday. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 3.19 and a beta of 0.19. Hawaiian Electric Industries, Inc. has a 52-week low of $31.72 and a 52-week high of $39.35. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.84.

Hawaiian Electric Industries (NYSE:HE) last released its earnings results on Wednesday, November 7th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). The business had revenue of $768.05 million for the quarter, compared to analyst estimates of $709.02 million. Hawaiian Electric Industries had a return on equity of 9.52% and a net margin of 6.76%. Hawaiian Electric Industries’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. Equities analysts expect that Hawaiian Electric Industries, Inc. will post 1.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 11th. Shareholders of record on Wednesday, November 21st were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, November 20th. This represents a $1.24 dividend on an annualized basis and a yield of 3.20%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 75.15%.

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Hawaiian Electric Industries Company 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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