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NYSE:HE

Hawaiian Electric Industries Stock Forecast, Price & News

$40.54
+1.54 (+3.95%)
(As of 06/24/2022 12:00 AM ET)
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Compare
Today's Range
$39.08
$40.77
50-Day Range
$38.41
$44.46
52-Week Range
$37.94
$45.53
Volume
840,928 shs
Average Volume
404,729 shs
Market Capitalization
$4.44 billion
P/E Ratio
17.70
Dividend Yield
3.59%
Price Target
$41.00
30 days | 90 days | 365 days | Advanced Chart

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HE Stock Forecast (MarketRank)

Overall MarketRank

2.02 out of 5 stars

Utilities Sector

73rd out of 120 stocks

Electric Services Industry

32nd out of 56 stocks

Analyst Opinion: 1.0Community Rank: 3.5Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
Hawaiian Electric Industries logo

About Hawaiian Electric Industries (NYSE:HE)

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. 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. 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 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in 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 Stock News Headlines

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Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
41987010
Employees
2,504
Year Founded
1891

Company Calendar

Last Earnings
5/09/2022
Ex-Dividend for 6/10 Dividend
5/19/2022
Dividend Payable
6/10/2022
Today
6/24/2022
Next Earnings (Estimated)
8/08/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$41.00
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+1.1%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
1 Analysts

Profitability

Net Income
$248.06 million
Pretax Margin
10.63%

Debt

Sales & Book Value

Annual Sales
$2.85 billion
Cash Flow
$5.02 per share
Book Value
$21.87 per share

Miscellaneous

Free Float
108,490,000
Market Cap
$4.44 billion
Optionable
Optionable
Beta
0.27

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Hawaiian Electric Industries Frequently Asked Questions

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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hawaiian Electric Industries in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Hawaiian Electric Industries stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HE, but not buy additional shares or sell existing shares.
View analyst ratings for Hawaiian Electric Industries
or view top-rated stocks.

What is Hawaiian Electric Industries' stock price forecast for 2022?

1 equities research analysts have issued 1 year price targets for Hawaiian Electric Industries' shares. Their HE stock forecasts range from $41.00 to $41.00. On average, they anticipate Hawaiian Electric Industries' stock price to reach $41.00 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for Hawaiian Electric Industries
or view top-rated stocks among Wall Street analysts.

How has Hawaiian Electric Industries' stock performed in 2022?

Hawaiian Electric Industries' stock was trading at $41.50 on January 1st, 2022. Since then, HE shares have decreased by 2.3% and is now trading at $40.54.
View the best growth stocks for 2022 here
.

Are investors shorting Hawaiian Electric Industries?

Hawaiian Electric Industries saw a increase in short interest in May. As of May 31st, there was short interest totaling 1,450,000 shares, an increase of 26.1% from the May 15th total of 1,150,000 shares. Based on an average daily trading volume, of 392,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.3% of the shares of the company are sold short.
View Hawaiian Electric Industries' Short Interest
.

When is Hawaiian Electric Industries' next earnings date?

Hawaiian Electric Industries is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Hawaiian Electric Industries
.

How were Hawaiian Electric Industries' earnings last quarter?

Hawaiian Electric Industries, Inc. (NYSE:HE) posted its earnings results on Monday, May, 9th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.21. The utilities provider earned $785.07 million during the quarter. Hawaiian Electric Industries had a trailing twelve-month return on equity of 10.71% and a net margin of 8.45%. During the same quarter in the previous year, the firm earned $0.59 earnings per share.
View Hawaiian Electric Industries' earnings history
.

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, May 5th. Shareholders of record on Friday, May 20th will be paid a dividend of $0.35 per share on Friday, June 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Thursday, May 19th.
View Hawaiian Electric Industries' dividend history
.

Is Hawaiian Electric Industries a good dividend stock?

Hawaiian Electric Industries(NYSE:HE) pays an annual dividend of $1.40 per share and currently has a dividend yield of 3.59%. Hawaiian Electric Industries has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Hawaiian Electric Industries is 61.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hawaiian Electric Industries will have a dividend payout ratio of 61.14% next year. This indicates that Hawaiian Electric Industries will be able to sustain or increase its dividend.
View Hawaiian Electric Industries' dividend history.

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

Hawaiian Electric Industries updated its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of $2.00-$2.20 for the period, compared to the consensus earnings per share estimate of $2.12. The company issued revenue guidance of -.

Who are Hawaiian Electric Industries' key executives?

Hawaiian Electric Industries' management team includes the following people:
  • Mr. Scott W. H. Seu, Pres, CEO & Director (Age 56, Pay $1.11M)
  • Mr. Gregory C. Hazelton, Exec. VP & CFO (Age 58, Pay $1.23M) (LinkedIn Profile)
  • Mr. Kurt K. Murao, Exec. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec. (Age 52, Pay $860.51k)
  • Ms. Ann C. Teranishi, CEO, Pres & Director of American Savings Bank (Age 47, Pay $1.1M)
  • Julie R. Smolinski, VP of Investor Relations & Corp. Sustainability
  • Ms. Tayne S. Y. Sekimura, Sr. VP, CFO & Treasurer of Hawaiian Electric Company Inc. (Age 59)
  • Avelino J. Halagao Jr., VP of Corp. and Community Advancement & Pres of HEI Charitable Foundation
  • Mr. Paul K. Ito, VP of Tax, Controller & Treasurer (Age 51)
  • Mr. Scott Valentino, Pres of Pacific Current
  • Mr. Clifford H. Chen, Mang. of Investor Relations & Strategic Planning (Age 49)

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.53%), BlackRock Inc. (8.54%), Nordea Investment Management AB (3.81%), State Street Corp (3.40%), First Trust Advisors LP (1.62%) and Bank of New York Mellon Corp (1.36%). Company insiders that own Hawaiian Electric Industries stock include Constance H Lau, Gregory C Hazelton, Gregory C Hazelton, Holdings LP Valueact, Jeffrey N Watanabe, Micah A Kane and Richard F Wacker.
View institutional ownership trends for Hawaiian Electric Industries
.

Which major investors are selling Hawaiian Electric Industries stock?

HE stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, First Trust Advisors LP, Assenagon Asset Management S.A., Martingale Asset Management L P, Bank of America Corp DE, Engineers Gate Manager LP, and The Manufacturers Life Insurance Company . Company insiders that have sold Hawaiian Electric Industries company stock in the last two years include Constance H Lau, and Gregory C Hazelton.
View insider buying and selling activity for Hawaiian Electric Industries
or view top insider-selling stocks.

Which major investors are buying Hawaiian Electric Industries stock?

HE stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Nordea Investment Management AB, Allianz Asset Management GmbH, Los Angeles Capital Management LLC, Invesco Ltd., Dimensional Fund Advisors LP, Qube Research & Technologies Ltd, and Bank of Nova Scotia.
View insider buying and selling activity for Hawaiian Electric Industries
or or view top insider-buying stocks.

How do I buy shares of Hawaiian Electric Industries?

Shares of HE 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 $40.54.

How much money does Hawaiian Electric Industries make?

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $4.44 billion and generates $2.85 billion in revenue each year. The utilities provider earns $248.06 million in net income (profit) each year or $2.289990 on an earnings per share basis.

How many employees does Hawaiian Electric Industries have?

Hawaiian Electric Industries employs 2,504 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

When was Hawaiian Electric Industries founded?

Hawaiian Electric Industries was founded in 1891.

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 Hawaiian Electric Industries is www.hei.com. The utilities provider can be reached via phone at (808) 543-5662, via email at [email protected], or via fax at 808-543-7966.

This page (NYSE:HE) was last updated on 6/24/2022 by MarketBeat.com Staff

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