The most recent Form 13F filing that Hawaiian Electric Industries, Inc. made with the Securities and Exchange Commission revealed that during the third quarter of 2018, Assenagon Asset Management S.A. made a new investment in the company. Hawaiian Electric Industries, Inc. Shares were purchased with the money invested (NYSE: HE). The corporation spent approximately $216,000 to acquire 6,237 shares of the utility company’s stock, which is equivalent to the total cost of the purchase being around $216,000.
There have also been transactions involving purchases and sales of corporate stock by other institutional investors and hedge funds. Vanguard Group Inc. added 0.6% more shares of Hawaiian Electric Industries to its portfolio during the first three months of the year. Vanguard Group Inc. has increased its holdings in the stock of the utility service provider by purchasing an additional 70,591 shares. This brings the total number of shares Vanguard Group Inc. owns to 11,527,217, with a total market value of $487,716,000. Nordea Investment Management AB’s ownership in Hawaiian Electric Industries went up by 0.3% during the third quarter. Following the acquisition of 14,535 shares during the most recent fiscal quarter, Nordea Investment Management AB now has a total of 4,185,221 stock held by the utility provider. The value of these shares on the market as of right now is $148,533,000. During the second quarter, State Street Corporation increased the proportion of its holdings in Hawaiian Electric Industries by 0.5 percentage points. State Street Corp now owns 3,738,067 utility provider stock, valued at $152,887,000, after purchasing an additional 19,379 shares during the most recent quarter. Charles Schwab Investment Management Inc. acquired an additional 2.7% of Hawaiian Electric Industries stock during the first three months of the year, which increased the company’s ownership percentage. Charles Schwab Investment Management Inc. now has 1,205,918 shares of the utilities provider’s stock, valued at $51,023,000 after the company made an additional purchase of 31,283 shares during the most recent quarter.
Last but not least, during the first quarter, Dimensional Fund Advisors L.P. increased the amount of Hawaiian Electric Industries stock owned by 10.7%. This certainly should not be considered the least important item. After making an additional purchase of 114,232 shares during the most recent quarter, Dimensional Fund Advisors L.P. now directly owns 1,178,517 shares of the utility provider’s stock, which has a value of $49,864,000. These shares were acquired to bring the total number of shares owned by the firm to 1. The company now has a total of 1 share in its possession, bringing the total number of shares owned to 1. The majority of the company’s stock, or 52.99%, is owned by various institutional investors.
Many researchers have focused on him to gather information for their studies. On the trading day of Tuesday, January 10, Wells Fargo & Co. increased their price objective for Hawaiian Electric Industries from $39.00 to $42.00 while maintaining their “underweight” rating for the company. The new price objective was announced. On November 24, Evercore ISI published a research report on the shares of Hawaiian Electric Industries. The report anticipated a price of $36.00 for the company over the following twelve months. On October 12, StockNews.com announced the launch of its coverage of shares of Hawaiian Electric Industries by publishing a research report. This publication marked the first day of coverage. They advised their clients to “hold” the stock moving forward. In a research report published on Monday, October 24, Guggenheim lowered their price target on shares of Hawaiian Electric Industries from $41.00 to $36.00. The report was about the company’s performance.
On Thursday, the price of one share of HE stock was set at $41.31 when trading began. The price-to-earnings ratio for this company is 18.95; the price-to-earnings-to-growth ratio for this company is 7.34; and the beta value for this company is 0.39. The company has a market capitalization of $4.52 billion at present. Hawaiian Electric Industries, Inc. posted a one-year low of $33.18, while the company posted a one-year high of $44.72 during the same period. The simple moving average of the company’s stock price over the past 200 days is $39.70, and the simple moving average over the last fifty days is $41.02. The debt-to-equity ratio was calculated to be 1.12, the current ratio was calculated to be 0.08, and the quick ratio was also calculated to be 0.08.
The quarterly earnings report for Hawaiian Electric Industries (NYSE: HE) was released to the public on November 7, a Monday. This report was the most recent one. The company that provides utilities reported earnings per share for the quarter of $0.57, which was $0.03 higher than the consensus estimate of $0.54. The company also provided utilities. Hawaiian Electric Industries had a return on equity of 10.57 percent and a net margin of 6.88 percent. During the period under consideration, the company generated total revenue of $1.04 billion. The projections of market analysts indicate that during the current fiscal year, Hawaiian Electric Industries, Inc. shareholders will receive $2.13 in earnings per share as compensation for their holdings in the company.
In addition, the business disclosed that it would be paying a quarterly dividend to its shareholders on December 9 of this year. The payment was made. On November 22, a dividend payment to shareholders of record was made in the amount of $0.35. The record date for shareholders was November 22. The dividend was distributed on Monday, November 21, which was also the month of November. This results in a dividend yield of 3.39 percent and an annual dividend payment of 1.40 dollars. Currently, 64.22% of Hawaiian Electric Industries’ earnings are distributed to shareholders as dividends.
In Hawaii, Hawaiian Electric Industries, Inc. and its affiliates are involved in various industries, including banking, renewable and sustainable infrastructure investments, and electric utility services. The operations of this company can be segmented into the following three distinct business categories: electric utilities, banking, and other activities. The Electricity Sector of the Hawaiian economy is responsible for the generation, acquisition, transmission, distribution, and sale of electricity. This sector also provides service to Oahu, Hawaii, Maui, Lanai, and Molokai.