TFO Wealth Partners LLC Has $246,000 Stock Position in Hawaiian Electric Industries, Inc. (NYSE:HE)

TFO Wealth Partners LLC increased its stake in Hawaiian Electric Industries, Inc. (NYSE:HEFree Report) by 1,735,100.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,352 shares of the utilities provider’s stock after acquiring an additional 17,351 shares during the quarter. TFO Wealth Partners LLC’s holdings in Hawaiian Electric Industries were worth $246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladius Capital Management LP lifted its stake in shares of Hawaiian Electric Industries by 686.9% in the fourth quarter. Gladius Capital Management LP now owns 2,109 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 1,841 shares during the period. Cape Investment Advisory Inc. acquired a new position in shares of Hawaiian Electric Industries in the fourth quarter worth approximately $43,000. GAMMA Investing LLC acquired a new position in shares of Hawaiian Electric Industries in the fourth quarter worth approximately $67,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Hawaiian Electric Industries by 38.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,386 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 2,625 shares during the period. Finally, Cowen AND Company LLC acquired a new position in Hawaiian Electric Industries in the third quarter valued at approximately $123,000. 59.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HE has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Hawaiian Electric Industries from $8.50 to $9.00 and gave the company an “underweight” rating in a research note on Monday, May 13th. Evercore ISI boosted their price target on Hawaiian Electric Industries from $7.00 to $11.00 and gave the company an “in-line” rating in a research note on Thursday, February 15th. Finally, StockNews.com lowered Hawaiian Electric Industries from a “hold” rating to a “sell” rating in a research note on Monday, May 27th. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $11.63.

Check Out Our Latest Stock Report on HE

Hawaiian Electric Industries Price Performance

Shares of NYSE:HE opened at $10.99 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.19. Hawaiian Electric Industries, Inc. has a twelve month low of $8.74 and a twelve month high of $40.16. The stock’s 50 day moving average is $10.69 and its 200-day moving average is $12.23. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 6.50 and a beta of 0.61.

Hawaiian Electric Industries (NYSE:HEGet Free Report) last issued its earnings results on Friday, May 10th. The utilities provider reported $0.45 earnings per share for the quarter. Hawaiian Electric Industries had a return on equity of 9.58% and a net margin of 5.16%. The company had revenue of $897.16 million for the quarter.

About Hawaiian Electric Industries

(Free Report)

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.

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

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