Cadinha & Co. LLC Continues to Hold Stake in Hawaiian Electric Industries, Inc. (HE)

Cadinha & Co. LLC maintained its position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) during the second quarter, Holdings Channel reports. The institutional investor owned 6,816 shares of the utilities provider’s stock at the end of the second quarter. Cadinha & Co. LLC’s holdings in Hawaiian Electric Industries were worth $221,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HE. Airain ltd bought a new position in Hawaiian Electric Industries during the first quarter worth about $203,000. CKW Financial Group boosted its position in Hawaiian Electric Industries by 41.5% in the second quarter. CKW Financial Group now owns 6,136 shares of the utilities provider’s stock worth $199,000 after buying an additional 1,801 shares in the last quarter. NTV Asset Management LLC bought a new position in Hawaiian Electric Industries during the first quarter worth about $209,000. World Asset Management Inc boosted its position in Hawaiian Electric Industries by 2.0% in the first quarter. World Asset Management Inc now owns 6,723 shares of the utilities provider’s stock worth $224,000 after buying an additional 135 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Hawaiian Electric Industries by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 6,823 shares of the utilities provider’s stock worth $227,000 after buying an additional 306 shares in the last quarter. Institutional investors own 48.23% of the company’s stock.

Hawaiian Electric Industries, Inc. (NYSE:HE) opened at 32.91 on Thursday. Hawaiian Electric Industries, Inc. has a 52-week low of $28.31 and a 52-week high of $34.08. The firm has a market capitalization of $3.58 billion, a PE ratio of 14.33 and a beta of 0.46. The company’s 50-day moving average is $32.63 and its 200-day moving average is $33.09.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by $0.03. The business had revenue of $556.90 million for the quarter, compared to analysts’ expectations of $568 million. Hawaiian Electric Industries had a return on equity of 8.83% and a net margin of 9.91%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Analysts forecast that Hawaiian Electric Industries, Inc. will post $1.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Monday, August 21st. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 55.11%.

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HE has been the subject of a number of research analyst reports. Barclays PLC reiterated an “underweight” rating and set a $29.00 price objective (up from $27.00) on shares of Hawaiian Electric Industries in a research report on Sunday, April 23rd. BidaskClub cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Zacks Investment Research cut shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research report on Friday, May 26th.

About Hawaiian Electric Industries

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).

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Institutional Ownership by Quarter for Hawaiian Electric Industries (NYSE:HE)

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