Utah Retirement Systems boosted its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Get Rating) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,800 shares of the utilities provider’s stock after buying an additional 300 shares during the quarter. Utah Retirement Systems’ holdings in Hawaiian Electric Industries were worth $201,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in Hawaiian Electric Industries by 3.6% during the 3rd quarter. International Assets Investment Management LLC now owns 7,910 shares of the utilities provider’s stock worth $274,000 after buying an additional 273 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Hawaiian Electric Industries by 0.3% during the 3rd quarter. New York State Common Retirement Fund now owns 100,888 shares of the utilities provider’s stock worth $3,497,000 after buying an additional 274 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Hawaiian Electric Industries by 42.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 968 shares of the utilities provider’s stock worth $40,000 after buying an additional 288 shares in the last quarter. InterOcean Capital Group LLC lifted its holdings in Hawaiian Electric Industries by 4.8% during the 2nd quarter. InterOcean Capital Group LLC now owns 6,494 shares of the utilities provider’s stock worth $266,000 after buying an additional 300 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Hawaiian Electric Industries by 33.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,220 shares of the utilities provider’s stock worth $41,000 after buying an additional 308 shares in the last quarter. Institutional investors and hedge funds own 52.99% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HE. Wells Fargo & Company increased their price target on Hawaiian Electric Industries from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday, January 10th. Guggenheim cut their price target on Hawaiian Electric Industries from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 15th. Finally, Evercore ISI set a $36.00 price target on Hawaiian Electric Industries in a research note on Thursday, November 24th.
Hawaiian Electric Industries Stock Performance
Hawaiian Electric Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Thursday, February 23rd were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, February 22nd. This is an increase from Hawaiian Electric Industries’s previous quarterly dividend of $0.35. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 65.45%.
Insider Buying and Selling
In related news, Director Keith P. Russell sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $39.21, for a total transaction of $392,100.00. Following the sale, the director now owns 23,447 shares of the company’s stock, valued at approximately $919,356.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by company insiders.
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 on the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai.
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