Hawaiian Electric Industries, Inc. (HE) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC cut its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 81.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,999 shares of the utilities provider’s stock after selling 21,546 shares during the quarter. SG Americas Securities LLC’s holdings in Hawaiian Electric Industries were worth $167,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in shares of Hawaiian Electric Industries during the 2nd quarter worth $123,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hawaiian Electric Industries by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 297 shares in the last quarter. Ffcm LLC boosted its stake in shares of Hawaiian Electric Industries by 121.0% during the 2nd quarter. Ffcm LLC now owns 4,826 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 2,642 shares in the last quarter. TLP Group LLC boosted its stake in shares of Hawaiian Electric Industries by 818.4% during the 2nd quarter. TLP Group LLC now owns 5,391 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 4,804 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Hawaiian Electric Industries during the 2nd quarter worth $201,000. Institutional investors own 49.23% of the company’s stock.
In related news, Director Thomas B. Fargo sold 5,500 shares of Hawaiian Electric Industries stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $36.46, for a total transaction of $200,530.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by company insiders.
A number of equities analysts have recently commented on HE shares. Zacks Investment Research upgraded Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Bank of America started coverage on Hawaiian Electric Industries in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $34.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Hawaiian Electric Industries from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Hawaiian Electric Industries has a consensus rating of “Hold” and an average target price of $32.33.
Hawaiian Electric Industries, Inc. (HE) opened at $36.32 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $3,903.24, a PE ratio of 22.28, a PEG ratio of 5.15 and a beta of 0.50. 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 posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Hawaiian Electric Industries had a return on equity of 8.64% and a net margin of 7.14%. The business had revenue of $673.19 million during the quarter, compared to the consensus estimate of $648.93 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts predict that Hawaiian Electric Industries, Inc. will post 1.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Wednesday, November 22nd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Tuesday, November 21st. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 76.07%.
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).
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