Pacer Advisors Inc. Boosts Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

Pacer Advisors Inc. lifted its holdings in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,918 shares of the utilities provider’s stock after buying an additional 1,586 shares during the period. Pacer Advisors Inc.’s holdings in Hawaiian Electric Industries were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LS Investment Advisors LLC grew its holdings in Hawaiian Electric Industries by 0.5% during the 1st quarter. LS Investment Advisors LLC now owns 7,387 shares of the utilities provider’s stock valued at $246,000 after buying an additional 38 shares during the last quarter. IFP Advisors Inc grew its holdings in Hawaiian Electric Industries by 0.5% during the 2nd quarter. IFP Advisors Inc now owns 9,320 shares of the utilities provider’s stock valued at $302,000 after buying an additional 42 shares during the last quarter. Capstone Asset Management Co. grew its holdings in Hawaiian Electric Industries by 0.8% during the 1st quarter. Capstone Asset Management Co. now owns 10,215 shares of the utilities provider’s stock valued at $340,000 after buying an additional 80 shares during the last quarter. World Asset Management Inc grew its holdings in Hawaiian Electric Industries by 2.0% during the 1st quarter. World Asset Management Inc now owns 6,723 shares of the utilities provider’s stock valued at $224,000 after buying an additional 135 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Hawaiian Electric Industries by 2.5% during the 1st quarter. Private Advisor Group LLC now owns 8,284 shares of the utilities provider’s stock valued at $280,000 after buying an additional 200 shares during the last quarter. 48.49% of the stock is owned by hedge funds and other institutional investors.

HE has been the topic of several analyst reports. Zacks Investment Research cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Friday, May 26th. BidaskClub cut Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th.

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Hawaiian Electric Industries, Inc. (NYSE HE) traded down 0.24% on Friday, reaching $33.48. The company’s stock had a trading volume of 324,997 shares. The stock has a 50 day moving average price of $33.38 and a 200-day moving average price of $33.14. Hawaiian Electric Industries, Inc. has a 1-year low of $28.31 and a 1-year high of $34.64. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 14.91 and a beta of 0.47.

Hawaiian Electric Industries (NYSE:HE) last released its quarterly earnings data 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). Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. The company had revenue of $556.90 million for the quarter, compared to analyst estimates of $568.00 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. Hawaiian Electric Industries’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts predict that Hawaiian Electric Industries, Inc. will post $1.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 23rd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.70%. 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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