Hawaiian Electric Industries (HE) : Electron Capital Partners scooped up 571,813 additional shares in Hawaiian Electric Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,061,159 shares of Hawaiian Electric Industries which is valued at $32,832,259.Hawaiian Electric Industries makes up approximately 13.05% of Electron Capital Partners’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd boosted its stake in HE in the latest quarter, The investment management firm added 51,450 additional shares and now holds a total of 68,626 shares of Hawaiian Electric Industries which is valued at $2,123,288. Hawaiian Electric Industries makes up approx 0.17% of Bluecrest Capital Management Ltd’s portfolio. Genovese Burford Brothers Wealth Retirement Plan Mana… added HE to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $6,200. Klingenstein Fields Co added HE to its portfolio by purchasing 6,115 company shares during the most recent quarter which is valued at $187,425. Hawaiian Electric Industries makes up approx 0.01% of Klingenstein Fields Co’s portfolio.
Hawaiian Electric Industries closed down -0.52 points or -1.73% at $29.49 with 6,11,709 shares getting traded on Thursday. Post opening the session at $29.85, the shares hit an intraday low of $29.39 and an intraday high of $29.99 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Hawaiian Electric Industries reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.40. The company had revenue of $566.24 million for the quarter, compared to analysts expectations of $622.85 million. The company’s revenue was down -9.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.
Hawaiian Electric Industries Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company operates through two segments: Electric utility and Bank. The Company operates its electric utility business through Hawaiian Electric Company Inc. (Hawaiian Electric) and its wholly owned subsidiaries Hawaii Electric Light Company Inc. (Hawaii Electric Light) and Maui Electric Company Limited (Maui Electric). The Electric utility segment is involved in the business of generating purchasing transmitting distributing and selling electric energy on all principal islands in Hawaii other than Kauai and operates on five separate grids. The Company operates its Bank segment through its bank subsidiaries ASB Hawaii Inc. (ASB Hawaii) and American Savings Bank F.S.B. (ASB). ASB provides a range of banking and other financial services to consumers and businesses.