Marshall Wace North America L.P. Invests $1.03 Million in Hawaiian Electric Industries, Inc. (NYSE:HE) Stock

Marshall Wace North America L.P. bought a new position in Hawaiian Electric Industries, Inc. (NYSE:HE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,215 shares of the utilities provider’s stock, valued at approximately $1,031,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Hawaiian Electric Industries by 6,287.3% during the 1st quarter. BlackRock Inc. now owns 9,095,425 shares of the utilities provider’s stock valued at $302,969,000 after buying an additional 8,953,026 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Hawaiian Electric Industries by 26.2% in the 1st quarter. Bank of New York Mellon Corp now owns 2,874,592 shares of the utilities provider’s stock worth $95,753,000 after purchasing an additional 596,759 shares during the last quarter. First Trust Advisors LP raised its position in shares of Hawaiian Electric Industries by 30.5% in the 2nd quarter. First Trust Advisors LP now owns 2,430,078 shares of the utilities provider’s stock worth $78,686,000 after purchasing an additional 568,063 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Hawaiian Electric Industries by 631.8% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 591,407 shares of the utilities provider’s stock worth $19,700,000 after purchasing an additional 510,595 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Hawaiian Electric Industries by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 9,685,627 shares of the utilities provider’s stock worth $322,628,000 after purchasing an additional 489,152 shares during the last quarter. Institutional investors and hedge funds own 48.60% of the company’s stock.

A number of equities analysts have weighed in on the company. BidaskClub downgraded Hawaiian Electric Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, May 26th.

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Shares of Hawaiian Electric Industries, Inc. (HE) opened at 33.72 on Friday. The stock’s 50 day moving average price is $33.34 and its 200 day moving average price is $33.15. The stock has a market capitalization of $3.67 billion, a PE ratio of 15.01 and a beta of 0.47. Hawaiian Electric Industries, Inc. has a one year low of $28.31 and a one year high of $34.64.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). Hawaiian Electric Industries had a net margin of 9.91% and a return on equity of 8.83%. The company had revenue of $556.90 million during the quarter, compared to analysts’ expectations of $568.00 million. During the same period last year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts predict that Hawaiian Electric Industries, Inc. will post $1.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Wednesday, August 23rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Monday, August 21st. Hawaiian Electric Industries’s payout ratio is 55.11%.

Hawaiian Electric Industries Company 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).

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

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