Meeder Asset Management Inc. grew its position in Hawaiian Electric Industries, Inc. (NYSE:HE) by 66.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,503 shares of the utilities provider’s stock after buying an additional 599 shares during the quarter. Meeder Asset Management Inc.’s holdings in Hawaiian Electric Industries were worth $64,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of HE. Lazard Asset Management LLC boosted its position in Hawaiian Electric Industries by 1,333.3% during the 1st quarter. Lazard Asset Management LLC now owns 731 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 680 shares during the period. Eaton Vance Management acquired a new position in Hawaiian Electric Industries during the 1st quarter valued at approximately $58,000. Twin Lakes Capital Management LLC acquired a new position in Hawaiian Electric Industries during the 1st quarter valued at approximately $70,000. Regency Capital Management Inc. DE acquired a new position in Hawaiian Electric Industries during the 1st quarter valued at approximately $135,000. Finally, Captrust Financial Advisors boosted its position in Hawaiian Electric Industries by 149.3% during the 1st quarter. Captrust Financial Advisors now owns 3,318 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 1,987 shares during the period. 52.63% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:HE opened at $41.27 on Wednesday. Hawaiian Electric Industries, Inc. has a 12-month low of $31.83 and a 12-month high of $45.97. The firm has a market capitalization of $4.51 billion, a P/E ratio of 18.59, a P/E/G ratio of 2.66 and a beta of 0.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50 day simple moving average of $43.37 and a 200 day simple moving average of $42.86.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Thursday, August 19th were issued a $0.34 dividend. The ex-dividend date was Wednesday, August 18th. This represents a $1.36 annualized dividend and a dividend yield of 3.30%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is 75.14%.
About Hawaiian Electric Industries
Hawaiian Electric Industries, Inc is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service in the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai.
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