Russell Investments Group Ltd. Purchases 15,600 Shares of Hawaiian Electric Industries, Inc. (NYSE:HE)

Russell Investments Group Ltd. grew its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Get Rating) by 91.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,717 shares of the utilities provider’s stock after acquiring an additional 15,600 shares during the period. Russell Investments Group Ltd.’s holdings in Hawaiian Electric Industries were worth $1,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its stake in shares of Hawaiian Electric Industries by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,973 shares of the utilities provider’s stock valued at $1,004,000 after buying an additional 264 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Hawaiian Electric Industries by 0.3% during the 3rd quarter. New York State Common Retirement Fund now owns 100,888 shares of the utilities provider’s stock valued at $3,497,000 after buying an additional 274 shares in the last quarter. Utah Retirement Systems raised its position in shares of Hawaiian Electric Industries by 5.5% during the 3rd quarter. Utah Retirement Systems now owns 5,800 shares of the utilities provider’s stock valued at $201,000 after buying an additional 300 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Hawaiian Electric Industries by 1.1% during the 4th quarter. State of Michigan Retirement System now owns 27,848 shares of the utilities provider’s stock valued at $1,165,000 after purchasing an additional 300 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Hawaiian Electric Industries by 33.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,220 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 308 shares during the last quarter. 52.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on HE shares. Guggenheim reduced their target price on shares of Hawaiian Electric Industries from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, February 15th. StockNews.com started coverage on shares of Hawaiian Electric Industries in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

Insider Transactions at Hawaiian Electric Industries

In related news, Director Keith P. Russell sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $39.21, for a total transaction of $392,100.00. Following the completion of the transaction, the director now owns 23,447 shares in the company, valued at $919,356.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Hawaiian Electric Industries Stock Down 1.0 %

Shares of HE stock opened at $35.92 on Thursday. Hawaiian Electric Industries, Inc. has a 12 month low of $33.18 and a 12 month high of $44.01. The stock has a market cap of $3.94 billion, a P/E ratio of 17.35, a P/E/G ratio of 3.72 and a beta of 0.41. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.11. The company has a 50 day simple moving average of $38.10 and a two-hundred day simple moving average of $39.92.

Hawaiian Electric Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.01%. Hawaiian Electric Industries’s dividend payout ratio (DPR) is presently 69.57%.

Hawaiian Electric Industries Profile

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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.