Hawaiian Electric Industries Stock Price, News & Analysis (NYSE:HE)

3 Wall Street equities research 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 equities research analysts is that investors should "sell" HE shares.
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3 analysts have issued 1-year price objectives for Hawaiian Electric Industries' shares. Their HE share price targets range from $8.50 to $18.00. On average, they anticipate the company's share price to reach $11.67 in the next twelve months. This suggests that the stock has a possible downside of 11.8%.
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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 68.4% and is now trading at $13.2250.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
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Hawaiian Electric Industries, Inc. (NYSE:HE) posted its quarterly earnings results on Thursday, November, 9th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The utilities provider earned $901.87 million during the quarter. Hawaiian Electric Industries had a net margin of 5.60% and a trailing twelve-month return on equity of 10.32%.

Hawaiian Electric Industries declared a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, August 18th will be given a dividend of $0.36 per share on Friday, September 8th. This represents a $1.44 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for HE.

Hawaiian Electric Industries (NYSE:HE) pays an annual dividend of $1.44 per share and currently has a dividend yield of 11.15%. 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 76.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HE will have a dividend payout ratio of 70.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HE.

ETFs with the largest weight of Hawaiian Electric Industries (NYSE:HE) stock in their portfolio include Clough Long/Short Equity ETF (CBLS), Clough Select Equity ETF (CBSE), First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P MidCap Low Volatility ETF (XMLV), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Fidelity MSCI Utilities Index ETF (FUTY), Vanguard Utilities ETF (VPU) and iShares U.S. Utilities ETF (IDU).

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' stock is owned by a number of retail and institutional investors. Top institutional shareholders include AQR Capital Management LLC (5.58%), Morgan Stanley (2.02%), JPMorgan Chase & Co. (1.41%), Charles Schwab Investment Management Inc. (1.22%), Jupiter Asset Management Ltd. (1.10%) and Northern Trust Corp (1.10%). 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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