Candriam Luxembourg S.C.A. Takes $203,000 Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

Candriam Luxembourg S.C.A. acquired a new position in shares of Hawaiian Electric Industries, Inc. (NYSE:HE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,544 shares of the utilities provider’s stock, valued at approximately $203,000.

Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Hawaiian Electric Industries by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 223,316 shares of the utilities provider’s stock valued at $7,948,000 after buying an additional 2,859 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Hawaiian Electric Industries by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 1,565,307 shares of the utilities provider’s stock worth $55,709,000 after acquiring an additional 26,641 shares during the last quarter. BlackRock Inc. lifted its position in Hawaiian Electric Industries by 1.8% during the third quarter. BlackRock Inc. now owns 9,464,115 shares of the utilities provider’s stock valued at $336,830,000 after buying an additional 164,235 shares in the last quarter. American International Group Inc. lifted its position in Hawaiian Electric Industries by 1.0% during the third quarter. American International Group Inc. now owns 221,316 shares of the utilities provider’s stock valued at $7,877,000 after buying an additional 2,270 shares in the last quarter. Finally, Credit Suisse AG lifted its position in Hawaiian Electric Industries by 10.3% during the third quarter. Credit Suisse AG now owns 108,910 shares of the utilities provider’s stock valued at $3,877,000 after buying an additional 10,160 shares in the last quarter. Hedge funds and other institutional investors own 52.63% of the company’s stock.

Hawaiian Electric Industries stock traded down $0.09 during trading hours on Friday, reaching $41.01. 297,710 shares of the company were exchanged, compared to its average volume of 299,127. Hawaiian Electric Industries, Inc. has a 12 month low of $32.59 and a 12 month high of $41.71. The stock has a market capitalization of $4.47 billion, a P/E ratio of 22.17, a PEG ratio of 3.40 and a beta of 0.26. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.87.

Hawaiian Electric Industries (NYSE:HE) last issued its earnings results on Friday, February 15th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The firm had revenue of $761.65 million during the quarter, compared to analyst estimates of $524.89 million. Hawaiian Electric Industries had a net margin of 7.12% and a return on equity of 9.60%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. Sell-side analysts anticipate that Hawaiian Electric Industries, Inc. will post 1.94 earnings per share for the current year.

Separately, Zacks Investment Research lowered shares of Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Friday, April 5th.

In other Hawaiian Electric Industries news, Director James K. Scott sold 5,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $38.85, for a total transaction of $213,675.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.94% of the company’s stock.

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Hawaiian Electric Industries 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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