State of Alaska Department of Revenue Has $980,000 Holdings in Hawaiian Electric Industries, Inc. (NYSE:HE)

State of Alaska Department of Revenue lowered its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) by 54.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 22,532 shares of the utilities provider’s stock after selling 27,216 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hawaiian Electric Industries were worth $980,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Hawaiian Electric Industries by 3.1% in the first quarter. BlackRock Inc. now owns 10,144,712 shares of the utilities provider’s stock worth $413,600,000 after buying an additional 305,064 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Hawaiian Electric Industries by 6.6% in the first quarter. Acadian Asset Management LLC now owns 1,435,359 shares of the utilities provider’s stock worth $58,519,000 after purchasing an additional 88,818 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hawaiian Electric Industries by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,348,562 shares of the utilities provider’s stock worth $49,383,000 after purchasing an additional 14,127 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Hawaiian Electric Industries by 0.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,304,124 shares of the utilities provider’s stock worth $56,795,000 after purchasing an additional 11,575 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Hawaiian Electric Industries by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 1,080,009 shares of the utilities provider’s stock worth $39,549,000 after purchasing an additional 66,153 shares during the period. 52.94% of the stock is owned by institutional investors.

Shares of Hawaiian Electric Industries stock traded up $0.20 during trading on Friday, reaching $44.55. The company’s stock had a trading volume of 13,621 shares, compared to its average volume of 326,728. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a fifty day moving average price of $43.83. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 4.11 and a beta of 0.26. Hawaiian Electric Industries, Inc. has a one year low of $34.16 and a one year high of $45.19.

Hawaiian Electric Industries (NYSE:HE) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $661.62 million for the quarter, compared to analyst estimates of $563.95 million. Hawaiian Electric Industries had a return on equity of 9.75% and a net margin of 7.27%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. On average, equities research analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.94 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc, through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company's Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other bio fuels.

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

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