TD Asset Management Inc Has $2.11 Million Position in Hawaiian Electric Industries, Inc. $HE

Key Points

• TD Asset Management Inc increased its stake in Hawaiian Electric Industries by 13.1%, now owning 198,808 shares worth approximately $2.11 million.
• Other investors like Janney Montgomery Scott LLC boosted their positions significantly, with Janney increasing by 269.7% in the first quarter.
• Analysts currently have a consensus rating of "Hold" on Hawaiian Electric Industries, with a consensus price target of $11.94.

TD Asset Management Inc boosted its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,808 shares of the utilities provider's stock after purchasing an additional 23,004 shares during the period. TD Asset Management Inc owned 0.12% of Hawaiian Electric Industries worth $2,113,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Hawaiian Electric Industries by 269.7% during the first quarter. Janney Montgomery Scott LLC now owns 67,720 shares of the utilities provider's stock valued at $742,000 after purchasing an additional 49,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Hawaiian Electric Industries by 123.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 88,172 shares of the utilities provider's stock valued at $965,000 after purchasing an additional 48,792 shares during the last quarter. Optimize Financial Inc acquired a new position in Hawaiian Electric Industries during the first quarter valued at approximately $261,000. Arizona State Retirement System boosted its position in Hawaiian Electric Industries by 3.7% during the first quarter. Arizona State Retirement System now owns 49,470 shares of the utilities provider's stock valued at $542,000 after purchasing an additional 1,771 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Hawaiian Electric Industries during the first quarter valued at approximately $126,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on HE shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Hawaiian Electric Industries in a research report on Wednesday, October 8th. Jefferies Financial Group raised Hawaiian Electric Industries to a "hold" rating in a research report on Wednesday, October 8th. Finally, Barclays cut their price objective on Hawaiian Electric Industries from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.94.

Hawaiian Electric Industries Stock Performance

HE opened at $11.85 on Wednesday. Hawaiian Electric Industries, Inc. has a 12-month low of $8.14 and a 12-month high of $13.41. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -11.73 and a beta of 0.66. The business has a 50 day moving average of $11.72 and a 200-day moving average of $10.95. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.52.

Hawaiian Electric Industries (NYSE:HE - Get Free Report) last announced its earnings results on Thursday, August 7th. The utilities provider reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). The firm had revenue of $746.39 million for the quarter. Hawaiian Electric Industries had a positive return on equity of 10.76% and a negative net margin of 3.66%. On average, equities research analysts expect that Hawaiian Electric Industries, Inc. will post 1.71 earnings per share for the current year.

Hawaiian Electric Industries Profile

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.

Want to see what other hedge funds are holding HE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawaiian Electric Industries, Inc. (NYSE:HE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.