SG Americas Securities LLC reduced its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Free Report) by 57.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,507 shares of the utilities provider’s stock after selling 61,204 shares during the quarter. SG Americas Securities LLC’s holdings in Hawaiian Electric Industries were worth $1,709,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HE. Raymond James & Associates lifted its holdings in Hawaiian Electric Industries by 7.5% during the 1st quarter. Raymond James & Associates now owns 15,301 shares of the utilities provider’s stock valued at $647,000 after purchasing an additional 1,065 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Hawaiian Electric Industries by 17.8% in the 1st quarter. American Century Companies Inc. now owns 15,808 shares of the utilities provider’s stock worth $669,000 after acquiring an additional 2,388 shares in the last quarter. Natixis Advisors L.P. acquired a new position in shares of Hawaiian Electric Industries in the 1st quarter worth approximately $465,000. Bank of Montreal Can grew its position in Hawaiian Electric Industries by 3.0% during the 1st quarter. Bank of Montreal Can now owns 13,673 shares of the utilities provider’s stock worth $584,000 after acquiring an additional 403 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Hawaiian Electric Industries during the 1st quarter valued at $757,000. 53.15% of the stock is owned by institutional investors.
Hawaiian Electric Industries Price Performance
Shares of HE stock opened at $39.30 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.11. Hawaiian Electric Industries, Inc. has a 12 month low of $33.18 and a 12 month high of $44.01. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 4.03 and a beta of 0.41. The stock has a 50-day moving average price of $36.89 and a 200 day moving average price of $38.87.
Hawaiian Electric Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, May 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.66%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 69.57%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on HE. Guggenheim decreased their target price on Hawaiian Electric Industries from $39.00 to $37.00 in a report on Friday, July 7th. StockNews.com initiated coverage on shares of Hawaiian Electric Industries in a research report on Thursday, May 18th. They issued a “hold” rating for the company.
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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