Louisiana State Employees Retirement System Has $1.27 Million Position in Hawaiian Electric Industries, Inc. (NYSE:HE)



Louisiana State Employees Retirement System grew its stake in Hawaiian Electric Industries, Inc. (NYSE:HE – Get Rating) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,600 shares of the utilities provider’s stock after purchasing an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Hawaiian Electric Industries were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in shares of Hawaiian Electric Industries by 11.0% in the 1st quarter. Nordea Investment Management AB now owns 4,166,696 shares of the utilities provider’s stock valued at $179,418,000 after purchasing an additional 412,957 shares in the last quarter. State Street Corp boosted its position in Hawaiian Electric Industries by 3.4% during the 4th quarter. State Street Corp now owns 3,161,347 shares of the utilities provider’s stock worth $131,196,000 after buying an additional 105,153 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Hawaiian Electric Industries during the 4th quarter worth approximately $98,569,000. First Trust Advisors LP boosted its position in Hawaiian Electric Industries by 4.7% during the 4th quarter. First Trust Advisors LP now owns 1,811,182 shares of the utilities provider’s stock worth $75,164,000 after buying an additional 80,589 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Hawaiian Electric Industries by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. Now owns 1,174,635 shares of the utilities provider’s stock worth $48,748,000 after buying an additional 38,994 shares during the period. Institutional investors own 52.08% of the company’s stock.

Separately, StockNews.com upgraded shares of Hawaiian Electric Industries from a “hold” rating to a “buy” rating in a research report on Thursday, May 19th.

NYSE:HE opened at $40.09 on Friday. The firm’s 50 day simple moving average is $41.42 and its 200 day simple moving average is $41.77. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.08 and a quick ratio of 0.08. Hawaiian Electric Industries, Inc. has a one year low of $37.94 and a one year high of $45.53. The company has a market cap of $4.39 billion, a PE ratio of 17.51, a P/E/G ratio of 5.80 and a beta of 0.30.

Hawaiian Electric Industries (NYSE:HE – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.21. The firm had revenue of $785.07 million for the quarter. Hawaiian Electric Industries had a net margin of 8.45% and a return on equity of 10.71%. During the same quarter last year, the firm posted $0.59 EPS. Equities research analysts expect that Hawaiian Electric Industries, Inc. will post 2.19 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 20th were given a $0.35 dividend. The ex-dividend date was Thursday, May 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.49%. Hawaiian Electric Industries’ dividend payout ratio (DPR) is currently 61.14%.

In other news, CFO Gregory C. Hazelton sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $42.25, for a total value of $929,500.00. Following the transaction, the chief financial officer now owns 14,576 shares in the company, valued at approximately $615,836. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by insiders.

Hawaiian Electric Industries Profile (Get Rating)

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.

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



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