Hawaiian Electric Industries, Inc. (HE) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC boosted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 34.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 402,613 shares of the utilities provider’s stock after acquiring an additional 103,736 shares during the period. Parametric Portfolio Associates LLC owned about 0.37% of Hawaiian Electric Industries worth $13,037,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Hawaiian Electric Industries by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,685,627 shares of the utilities provider’s stock valued at $322,628,000 after buying an additional 489,152 shares during the last quarter. BlackRock Inc. raised its position in shares of Hawaiian Electric Industries by 6,287.3% in the first 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 during the last quarter. State Street Corp raised its position in shares of Hawaiian Electric Industries by 9.1% in the first quarter. State Street Corp now owns 3,154,471 shares of the utilities provider’s stock valued at $105,075,000 after buying an additional 262,357 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Hawaiian Electric Industries by 4.3% in the second quarter. Wells Fargo & Company MN now owns 2,743,198 shares of the utilities provider’s stock valued at $88,823,000 after buying an additional 113,307 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Hawaiian Electric Industries by 30.5% in the second quarter. First Trust Advisors LP now owns 2,430,078 shares of the utilities provider’s stock valued at $78,686,000 after buying an additional 568,063 shares during the last quarter. Institutional investors own 48.49% of the company’s stock.

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HE has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.

Hawaiian Electric Industries, Inc. (HE) opened at 33.80 on Tuesday. Hawaiian Electric Industries, Inc. has a 1-year low of $28.35 and a 1-year high of $34.64. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 15.05 and a beta of 0.47. The stock has a 50 day moving average of $33.59 and a 200 day moving average of $33.21.

Hawaiian Electric Industries (NYSE:HE) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The business had revenue of $556.90 million for the quarter, compared to analyst estimates of $568.00 million. Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. T

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Hawaiian Electric Industries by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,685,627 shares of the utilities provider’s stock valued at $322,628,000 after buying an additional 489,152 shares during the last quarter. BlackRock Inc. raised its position in shares of Hawaiian Electric Industries by 6,287.3% in the first 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 during the last quarter. State Street Corp raised its position in shares of Hawaiian Electric Industries by 9.1% in the first quarter. State Street Corp now owns 3,154,471 shares of the utilities provider’s stock valued at $105,075,000 after buying an additional 262,357 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Hawaiian Electric Industries by 4.3% in the second quarter. Wells Fargo & Company MN now owns 2,743,198 shares of the utilities provider’s stock valued at $88,823,000 after buying an additional 113,307 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Hawaiian Electric Industries by 30.5% in the second quarter. First Trust Advisors LP now owns 2,430,078 shares of the utilities provider’s stock valued at $78,686,000 after buying an additional 568,063 shares during the last quarter. Institutional investors own 48.49% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Hawaiian Electric Industries, Inc. (HE) Shares Bought by Parametric Portfolio Associates LLC” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/hawaiian-electric-industries-inc-he-shares-bought-by-parametric-portfolio-associates-llc.html.

HE has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.

Hawaiian Electric Industries, Inc. (HE) opened at 33.80 on Tuesday. Hawaiian Electric Industries, Inc. has a 1-year low of $28.35 and a 1-year high of $34.64. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 15.05 and a beta of 0.47. The stock has a 50 day moving average of $33.59 and a 200 day moving average of $33.21.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 23rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Monday, August 21st. Hawaiian Electric Industries’s dividend payout ratio is presently 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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