Truist Financial Corp Has $651,000 Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Truist Financial Corp boosted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Get Rating) by 13.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,788 shares of the utilities provider’s stock after buying an additional 2,155 shares during the period. Truist Financial Corp’s holdings in Hawaiian Electric Industries were worth $651,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of Hawaiian Electric Industries by 414.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 622 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 501 shares in the last quarter. WASHINGTON TRUST Co bought a new position in shares of Hawaiian Electric Industries during the 3rd quarter worth approximately $26,000. Trust Co. of Vermont bought a new position in shares of Hawaiian Electric Industries during the 2nd quarter worth approximately $30,000. Lazard Asset Management LLC grew its stake in shares of Hawaiian Electric Industries by 1,468.6% during the 2nd quarter. Lazard Asset Management LLC now owns 800 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 749 shares in the last quarter. Finally, Ronald Blue Trust Inc. grew its stake in shares of Hawaiian Electric Industries by 212.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 779 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 530 shares in the last quarter. 52.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HE has been the subject of several analyst reports. Guggenheim decreased 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. Wells Fargo & Company raised their target price on shares of Hawaiian Electric Industries from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday, January 10th. Finally, StockNews.com initiated coverage on shares of Hawaiian Electric Industries in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Hawaiian Electric Industries Trading Down 0.1 %

HE stock opened at $40.99 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.08 and a quick ratio of 0.08. The company has a fifty day moving average price of $41.07 and a two-hundred day moving average price of $39.69. Hawaiian Electric Industries, Inc. has a one year low of $33.18 and a one year high of $44.72. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 7.09 and a beta of 0.39.

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

Hawaiian Electric Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 22nd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.42%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is 64.22%.

About Hawaiian Electric Industries

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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.