JPMorgan Chase & Co. cut its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Get Rating) by 10.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 607,738 shares of the utilities provider’s stock after selling 68,944 shares during the period. JPMorgan Chase & Co.’s holdings in Hawaiian Electric Industries were worth $25,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp bought a new stake in shares of Hawaiian Electric Industries in the third quarter worth about $39,000. Ronald Blue Trust Inc. boosted its stake in Hawaiian Electric Industries by 90.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,482 shares of the utilities provider’s stock worth $52,000 after buying an additional 703 shares in the last quarter. Signaturefd LLC lifted its position in Hawaiian Electric Industries by 60.7% during the fourth quarter. Signaturefd LLC now owns 1,720 shares of the utilities provider’s stock valued at $72,000 after buying an additional 650 shares during the period. Quadrant Capital Group LLC increased its position in shares of Hawaiian Electric Industries by 1,719.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,183 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 2,063 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Hawaiian Electric Industries by 326.0% during the 1st quarter. Covestor Ltd now owns 2,969 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 2,272 shares during the last quarter. 52.99% of the stock is currently owned by institutional investors and hedge funds.
Hawaiian Electric Industries Stock Down 0.7 %
Shares of NYSE:HE opened at $37.85 on Monday. The business has a fifty day simple moving average of $37.85 and a 200 day simple moving average of $39.72. Hawaiian Electric Industries, Inc. has a 12-month low of $33.18 and a 12-month high of $44.01. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.11. The firm has a market cap of $4.15 billion, a P/E ratio of 18.29, a P/E/G ratio of 3.88 and a beta of 0.42.
Hawaiian Electric Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 19th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Thursday, May 18th. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 69.57%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on HE shares. Guggenheim decreased their price objective on Hawaiian Electric Industries from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, February 15th. StockNews.com started coverage on shares of Hawaiian Electric Industries in a report on Thursday, May 18th. They set a “hold” rating on the stock.
Hawaiian Electric Industries Profile
Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility, banking, and non-regulated renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates through three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.
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