Strs Ohio holds a $2.68 million stake in Hawaiian Electric Industries, Inc. (NYSE:HE)



Strs Ohio raised its position in Hawaiian Electric Industries, Inc. (NYSE: HE – Get Rating) 6.1% in the first quarter, HoldingsChannel.com reports. The company held 63,342 shares of the utility provider after acquiring an additional 3,657 shares during the period. Strs Ohio’s holdings in Hawaiian Electric Industries were worth $2,680,000 when it was last filed with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently changed their stock holdings. Inspire Investing LLC acquired a new position in Hawaiian Electric Industries stock in the first quarter worth $235,000. Bank of New Hampshire acquired a new position in Hawaiian Electric Industries during the first quarter worth $36,000. IFM Investors Pty Ltd acquired a new position in Hawaiian Electric Industries during the first quarter worth $592,000. First Affirmative Financial Network increased its stake in Hawaiian Electric Industries by 3.7% during the first quarter. First Affirmative Financial Network now owns 7,406 shares of the utility provider worth $313,000 after acquiring 261 additional shares in the last quarter. Finally, Veriti Management LLC acquired a new position in Hawaiian Electric Industries during the first quarter at a value of $248,000. Institutional investors and hedge funds hold 52.08% of the company’s shares.

Hawaiian Electric Industries stock opened Friday at $40.09. The company has a debt ratio of 1.01, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a fifty-day moving average price of $41.42 and a two-hundred-day moving average price of $41.77. Hawaiian Electric Industries, Inc. has a 52-week low of $37.94 and a 52-week high of $45.53. The company has a market capitalization of $4.39 billion, a P/E 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 reported results on Monday, May 9. The utility company reported EPS of $0.63 for the quarter, beating the consensus estimate of $0.42 by $0.21. The company posted revenue of $785.07 million for the quarter. Hawaiian Electric Industries achieved a return on equity of 10.71% and a net margin of 8.45%. In the same quarter a year earlier, the company posted EPS of $0.59. On average, equity research analysts expect Hawaiian Electric Industries, Inc. to post EPS of 2.19 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Friday, May 20 received a dividend of $0.35 per share. This represents an annualized dividend of $1.40 and a dividend yield of 3.49%. The ex-dividend date was Thursday, May 19. Hawaiian Electric Industries’ payout ratio is currently 61.14%.

Separately, StockNews.com upgraded Hawaiian Electric Industries from a “hold” rating to a “buy” rating in a Thursday, May 19 research note.

Separately, CFO Gregory C. Hazelton sold 22,000 shares in a trade on Thursday, May 19. The stock was sold at an average price of $42.25, for a total transaction of $929,500.00. Following the sale, the CFO now owns 14,576 shares of the company, valued at $615,836. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 0.86% of the shares are currently held by insiders.

About Hawaiian Electrical Industries (Get an evaluation)

Hawaiian Electric Industries, Inc, together with its subsidiaries, is engaged in investing in electric utilities, banking, and renewable/sustainable infrastructure in the State of Hawaii. It operates in three segments: Electric Utility, Bank and Other. The Electric Utilities segment is engaged in the generation, purchase, transmission, distribution and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai and of Molokai.

Further reading

Want to see which other hedge funds hold HE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Hawaiian Electric Industries, Inc. (NYSE:HE – Get Rating).

Institutional ownership by quarter for Hawaiian Electric Industries (NYSE:HE)



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