SG Americas Securities LLC Sells 8,259 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

SG Americas Securities LLC trimmed its holdings in Hawaiian Electric Industries, Inc. (NYSE:HEGet Rating) by 30.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,427 shares of the utilities provider’s stock after selling 8,259 shares during the quarter. SG Americas Securities LLC’s holdings in Hawaiian Electric Industries were worth $639,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. State of New Jersey Common Pension Fund D increased its stake in shares of Hawaiian Electric Industries by 10.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 69,632 shares of the utilities provider’s stock worth $2,413,000 after buying an additional 6,758 shares during the period. State of Alaska Department of Revenue increased its position in Hawaiian Electric Industries by 2.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 22,960 shares of the utilities provider’s stock valued at $939,000 after purchasing an additional 515 shares during the period. Bank of Hawaii boosted its holdings in shares of Hawaiian Electric Industries by 31.1% during the 2nd quarter. Bank of Hawaii now owns 17,889 shares of the utilities provider’s stock valued at $732,000 after buying an additional 4,242 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in Hawaiian Electric Industries by 24.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 84,084 shares of the utilities provider’s stock worth $3,440,000 after purchasing an additional 16,520 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Hawaiian Electric Industries by 2.1% in the 2nd quarter. Texas Permanent School Fund now owns 79,094 shares of the utilities provider’s stock worth $3,235,000 after purchasing an additional 1,598 shares in the last quarter. 52.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HE shares. Wells Fargo & Company upped their price target on shares of Hawaiian Electric Industries from $39.00 to $42.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 10th. Guggenheim lowered their target price on shares of Hawaiian Electric Industries from $41.00 to $36.00 in a research note on Monday, October 24th. Evercore ISI set a $36.00 target price on shares of Hawaiian Electric Industries in a research note on Thursday, November 24th. Finally, StockNews.com initiated coverage on shares of Hawaiian Electric Industries in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

Hawaiian Electric Industries Price Performance

NYSE HE opened at $40.99 on Friday. Hawaiian Electric Industries, Inc. has a 52 week low of $33.18 and a 52 week high of $44.72. The firm has a market capitalization of $4.49 billion, a P/E ratio of 18.80, a PEG ratio of 7.34 and a beta of 0.39. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of $41.07 and a 200-day moving average price of $39.69.

Hawaiian Electric Industries (NYSE:HEGet Rating) last released its quarterly earnings results on Monday, November 7th. The utilities provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $1.04 billion during the quarter. Hawaiian Electric Industries had a net margin of 6.88% and a return on equity of 10.57%. Equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post 2.13 earnings per share for the current year.

Hawaiian Electric Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 22nd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.42%. The ex-dividend date was Monday, November 21st. Hawaiian Electric Industries’s dividend payout ratio is 64.22%.

Hawaiian Electric Industries Profile

(Get Rating)

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

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