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NYSE:HE

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

$12.59
-0.18 (-1.41%)
(As of 09/22/2023 ET)
Compare
Today's Range
$12.55
$12.93
50-Day Range
$9.65
$39.72
52-Week Range
$9.06
$43.71
Volume
2.50 million shs
Average Volume
2.90 million shs
Market Capitalization
$1.38 billion
P/E Ratio
6.02
Dividend Yield
11.44%
Price Target
$17.63

Hawaiian Electric Industries MarketRank™ Forecast

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
40.0% Upside
$17.63 Price Target
Short Interest
Bearish
12.85% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
0.33mentions of Hawaiian Electric Industries in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
34.88%
From $1.72 to $2.32 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Utilities Sector

39th out of 86 stocks

Electric Services Industry

20th out of 41 stocks


HE stock logo

About Hawaiian Electric Industries (NYSE:HE) Stock

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and non-regulated renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates through 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. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates branches in Oahu, Maui, Hawaii, Kauai, and Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.

HE Price History

HE Stock News Headlines

Hawaiian Electric: How To Profit From Current Uncertainty
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
UPDATE 2-Hawaiian Electric names Paul Ito as CFO
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Why Is HEI (HE) Down 65.1% Since Last Earnings Report?
Hawaiian Electric Industries (NYSE: HE)
Why Hawaiian Electric Stock Surged This Week
Maui Fires: A Lesson For Utility Companies?
See More Headlines
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HE Company Calendar

Last Earnings
8/07/2023
Ex-Dividend for 9/8 Dividend
8/17/2023
Dividend Payable
9/08/2023
Today
9/22/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
41987010
Employees
3,756
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$17.63
High Stock Price Forecast
$36.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+37.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$243.03 million
Pretax Margin
7.47%

Debt

Sales & Book Value

Annual Sales
$3.74 billion
Cash Flow
$4.73 per share
Book Value
$20.12 per share

Miscellaneous

Free Float
109,316,000
Market Cap
$1.41 billion
Optionable
Optionable
Beta
0.51

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Key Executives

  • Mr. Scott W. H. Seu (Age 57)
    Pres, CEO & Director
    Comp: $1.74M
  • Mr. Paul K. Ito (Age 52)
    Exec. VP, Treasurer & CFO
    Comp: $571.38k
  • Mr. Kurt K. Murao (Age 53)
    Exec. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec.
    Comp: $699.42k
  • Ms. Shelee M. T. Kimura (Age 50)
    Pres & CEO of Hawaiian Electric Company, Inc.
    Comp: $699.91k
  • Ms. Ann C. Teranishi (Age 48)
    CEO, Pres & Director of American Savings Bank
    Comp: $1.43M
  • Bruce Tamashiro
    Controller & Principal Accounting Officer
  • Mateo Garcia
    Director of Investor Relations
  • Ms. Erin P. Kippen
    VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.
  • James P. Kelly
    VP of Gov., Community Relations & Corp. Communications
  • Ms. Jacqueline I. U. Ingamells
    VP of HR & Chief People Strategist













HE Stock - Frequently Asked Questions

Should I buy or sell Hawaiian Electric Industries stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hawaiian Electric Industries in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" HE shares.
View HE analyst ratings
or view top-rated stocks.

What is Hawaiian Electric Industries' stock price forecast for 2023?

3 brokerages have issued 12-month price objectives for Hawaiian Electric Industries' stock. Their HE share price forecasts range from $8.00 to $36.00. On average, they anticipate the company's stock price to reach $17.63 in the next year. This suggests a possible upside of 37.5% from the stock's current price.
View analysts price targets for HE
or view top-rated stocks among Wall Street analysts.

How have HE shares performed in 2023?

Hawaiian Electric Industries' stock was trading at $41.85 at the beginning of the year. Since then, HE shares have decreased by 69.4% and is now trading at $12.82.
View the best growth stocks for 2023 here
.

Are investors shorting Hawaiian Electric Industries?

Hawaiian Electric Industries saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 14,090,000 shares, an increase of 626.3% from the August 15th total of 1,940,000 shares. Based on an average daily trading volume, of 6,680,000 shares, the short-interest ratio is currently 2.1 days.
View Hawaiian Electric Industries' Short Interest
.

When is Hawaiian Electric Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our HE earnings forecast
.

How were Hawaiian Electric Industries' earnings last quarter?

Hawaiian Electric Industries, Inc. (NYSE:HE) posted its quarterly earnings results on Monday, August, 7th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by $0.04. The utilities provider earned $895.69 million during the quarter. Hawaiian Electric Industries had a net margin of 5.94% and a trailing twelve-month return on equity of 10.42%.

How often does Hawaiian Electric Industries pay dividends? What is the dividend yield for Hawaiian Electric Industries?

Hawaiian Electric Industries announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, August 18th will be paid a dividend of $0.36 per share on Friday, September 8th. This represents a $1.44 annualized dividend and a yield of 11.23%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for HE
.

Is Hawaiian Electric Industries a good dividend stock?

Hawaiian Electric Industries (NYSE:HE) pays an annual dividend of $1.44 per share and currently has a dividend yield of 10.83%. 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 68.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HE will have a dividend payout ratio of 62.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HE.

What guidance has Hawaiian Electric Industries issued on next quarter's earnings?

Hawaiian Electric Industries issued an update on its FY 2023 earnings guidance on Friday, August, 11th. The company provided earnings per share guidance of $2.00-$2.10 for the period, compared to the consensus estimate of $2.06. The company issued revenue guidance of -.

What other stocks do shareholders of Hawaiian Electric Industries own?

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).

What is Hawaiian Electric Industries' stock symbol?

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

Who are Hawaiian Electric Industries' major shareholders?

Hawaiian Electric Industries' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.36%), Nordea Investment Management AB (3.64%), State Street Corp (3.43%), Geode Capital Management LLC (1.57%), Bank of New York Mellon Corp (1.44%) and Allspring Global Investments Holdings LLC (1.30%). Insiders that own company stock include Constance H Lau, Gregory C Hazelton, Gregory C Hazelton and Keith P Russell.
View institutional ownership trends
.

How do I buy shares of Hawaiian Electric Industries?

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.
Compare Top Brokerages Here.

What is Hawaiian Electric Industries' stock price today?

One share of HE stock can currently be purchased for approximately $12.82.

How much money does Hawaiian Electric Industries make?

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $1.41 billion and generates $3.74 billion in revenue each year. The utilities provider earns $243.03 million in net income (profit) each year or $2.09 on an earnings per share basis.

How many employees does Hawaiian Electric Industries have?

The company employs 3,756 workers across the globe.

Does Hawaiian Electric Industries have any subsidiaries?
The following companies are subsidiares of Hawaiian Electric Industries: ASB Hawaii Inc., American Savings Bank F.S.B., HECO Capital Trust III (a statutory trust), Hamakua Energy LLC, Hamakua Holdings LLC, Hawaii Electric Light Company Inc., Hawaiian Electric Company Inc., Maui Electric Company Limited, Mauo Holdings LLC, Mauo LLC, Pacific Current LLC, Renewable Hawaii Inc., The Old Oahu Tug Service Inc., and Uluwehiokama Biofuels Corp..
Read More
How can I contact Hawaiian Electric Industries?

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.

This page (NYSE:HE) was last updated on 9/22/2023 by MarketBeat.com Staff

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