NTV Asset Management LLC Holds Position in Hawaiian Electric Industries, Inc. (HE)

NTV Asset Management LLC held its stake in Hawaiian Electric Industries, Inc. (NYSE:HE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,300 shares of the utilities provider’s stock at the end of the second quarter. NTV Asset Management LLC’s holdings in Hawaiian Electric Industries were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HE. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hawaiian Electric Industries by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the utilities provider’s stock valued at $125,000 after buying an additional 297 shares during the last quarter. CKW Financial Group boosted its stake in Hawaiian Electric Industries by 41.5% in the second quarter. CKW Financial Group now owns 6,136 shares of the utilities provider’s stock valued at $199,000 after buying an additional 1,801 shares during the last quarter. Airain ltd purchased a new stake in Hawaiian Electric Industries during the first quarter valued at $203,000. World Asset Management Inc boosted its stake in Hawaiian Electric Industries by 2.2% in the second quarter. World Asset Management Inc now owns 6,873 shares of the utilities provider’s stock valued at $223,000 after buying an additional 150 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Hawaiian Electric Industries by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 6,823 shares of the utilities provider’s stock valued at $227,000 after buying an additional 306 shares during the last quarter. 48.60% of the stock is owned by institutional investors and hedge funds.

Hawaiian Electric Industries, Inc. (NYSE:HE) opened at 33.56 on Tuesday. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 14.94 and a beta of 0.46. The firm’s 50-day moving average price is $32.80 and its 200-day moving average price is $33.09. Hawaiian Electric Industries, Inc. has a 1-year low of $28.31 and a 1-year high of $34.08.

Hawaiian Electric Industries (NYSE:HE) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.03. Hawaiian Electric Industries had a net margin of 9.91% and a return on equity of 8.83%. The business had revenue of $556.90 million for the quarter, compared to the consensus estimate of $568 million. During the same period in the previous year, the firm earned $0.43 EPS. The company’s revenue was up 12.4% on a year-over-year basis. Equities research analysts forecast that Hawaiian Electric Industries, Inc. will post $1.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, August 21st. Hawaiian Electric Industries’s payout ratio is 55.11%.

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Several analysts recently weighed in on HE shares. Zacks Investment Research raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub raised Hawaiian Electric Industries from a “sell” rating to a “hold” rating in a report on Saturday.

Hawaiian Electric Industries Company Profile

Hawaiian Electric Industries, Inc is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company’s subsidiaries include Hawaiian Electric Company, Inc (Hawaiian Electric) and ASB Hawaii, Inc (ASB Hawaii).

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

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