Hawaiian Electric Industries (HE) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hawaiian Electric Industries in the last twelve months. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "sell" HE shares.
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3 brokers have issued 12-month price objectives for Hawaiian Electric Industries' stock. Their HE share price forecasts range from $36.00 to $43.00. On average, they expect the company's share price to reach $40.75 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
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Hawaiian Electric Industries' stock was trading at $41.85 at the start of the year. Since then, HE shares have decreased by 14.0% and is now trading at $36.01.
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Hawaiian Electric Industries saw a decline in short interest in April. As of April 30th, there was short interest totaling 1,810,000 shares, a decline of 8.1% from the April 15th total of 1,970,000 shares. Based on an average trading volume of 442,700 shares, the short-interest ratio is presently 4.1 days. Approximately 1.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our HE earnings forecast.

Hawaiian Electric Industries, Inc. (NYSE:HE) issued its earnings results on Friday, November, 5th. The utilities provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.59 by $0.01. The utilities provider earned $756.90 million during the quarter. Hawaiian Electric Industries had a trailing twelve-month return on equity of 10.35% and a net margin of 5.88%. During the same quarter in the prior year, the firm posted $0.59 earnings per share.

Hawaiian Electric Industries declared a quarterly dividend on Thursday, May 4th. Investors of record on Friday, May 19th will be paid a dividend of $0.36 per share on Friday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, May 18th.
Read our dividend analysis for HE.

ETFs with the largest weight of Hawaiian Electric Industries (NYSE:HE) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Changebridge Long/Short Equity ETF (CBLS), Changebridge Select Equity ETF (CBSE), First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P MidCap Low Volatility ETF (XMLV), iShares U.S. Infrastructure ETF (IFRA), First Trust Value Line Dividend Index Fund (FVD) and iShares Factors US Value Style ETF (STLV).

Hawaiian Electric Industries (NYSE:HE) pays an annual dividend of $1.44 per share and currently has a dividend yield of 4.00%. HE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 69.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HE will have a dividend payout ratio of 60.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HE.

Hawaiian Electric Industries issued an update on its FY 2023 earnings guidance on Wednesday, May, 10th. The company provided EPS guidance of $2.15-$2.25 for the period, compared to the consensus EPS estimate of $2.27. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hawaiian Electric Industries investors own include AT&T (T), Verizon Communications (VZ), Gilead Sciences (GILD), Bank of America (BAC), Exxon Mobil (XOM), Costco Wholesale (COST), Johnson & Johnson (JNJ), Occidental Petroleum (OXY), JPMorgan Chase & Co. (JPM) and Caterpillar (CAT).

Hawaiian Electric Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "HE."

Hawaiian Electric Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.45%), Nordea Investment Management AB (3.75%), State Street Corp (3.46%), First Trust Advisors LP (1.91%), Geode Capital Management LLC (1.49%) and Bank of New York Mellon Corp (1.46%). Insiders that own company stock include Constance H Lau, Gregory C Hazelton, Gregory C Hazelton and Keith P Russell.
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Shares of HE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HE stock can currently be purchased for approximately $36.01.

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $3.95 billion and generates $3.74 billion in revenue each year. The utilities provider earns $243.03 million in net income (profit) each year or $2.07 on an earnings per share basis.

The company employs 3,756 workers across the globe.

Hawaiian Electric Industries' mailing address is 1001 Bishop Street Suite 2900, Honolulu HI, 96813. The official website for the company is www.hei.com. The utilities provider can be reached via phone at (808) 543-5662, via email at ir@hei.com, or via fax at 808-543-7966.