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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
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Stock market today: US futures mostly higher ahead of debt ceiling vote, oil falls again
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Taiwan Semiconductor Well Positioned for the AI Rush
New "Mined in America" Lithium Opportunities? (Ad)
Economic boost or big business hand-out? Nevada lawmakers consider A's stadium financing
Krystal Clear: Krystal Biotech Clears Resistance in Good Volume
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Did SOFI Technologies Deserve a Price Target Cut to $2.50?
New "Mined in America" Lithium Opportunities? (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Stock market today: US futures mostly higher ahead of debt ceiling vote, oil falls again
New "Mined in America" Lithium Opportunities? (Ad)
Workday: Another AI Winner Melting-Up 
Taiwan Semiconductor Well Positioned for the AI Rush
New "Mined in America" Lithium Opportunities? (Ad)
Economic boost or big business hand-out? Nevada lawmakers consider A's stadium financing
Krystal Clear: Krystal Biotech Clears Resistance in Good Volume

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

$36.01
+0.16 (+0.45%)
(As of 05/26/2023 07:00 PM ET)
Compare
Today's Range
$35.60
$36.09
50-Day Range
$35.85
$39.64
52-Week Range
$33.18
$44.01
Volume
377,300 shs
Average Volume
348,449 shs
Market Capitalization
$3.95 billion
P/E Ratio
17.40
Dividend Yield
4.00%
Price Target
$40.75

Hawaiian Electric Industries MarketRank™ Forecast

Analyst Rating
Reduce
1.33 Rating Score
Upside/​Downside
13.2% Upside
$40.75 Price Target
Short Interest
Bearish
1.71% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
1.58mentions of Hawaiian Electric Industries in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$392,100 Sold Last Quarter
Proj. Earnings Growth
6.25%
From $2.24 to $2.38 Per Share

Overall MarketRank

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

1.97 out of 5 stars

Utilities Sector

70th out of 84 stocks

Electric Services Industry

36th out of 40 stocks


HE stock logo

About Hawaiian Electric Industries (NYSE:HE) Stock

Hawaiian Electric Industries, Inc. is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service on the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment delivers banking and other financial services to Hawaii consumers and businesses. The Other segment consists of corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

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HE Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
8-K: HAWAIIAN ELECTRIC INDUSTRIES INC
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
HEI Reports First Quarter 2023 Results
Hawaiian Electric bills lower than a year ago
See More Headlines
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HE Company Calendar

Last Earnings
11/05/2021
Ex-Dividend for 3/10 Dividend
2/22/2023
Dividend Payable
3/10/2023
Ex-Dividend for 6/9 Dividend
5/18/2023
Today
5/30/2023
Dividend Payable
6/09/2023
Next Earnings (Estimated)
8/14/2023
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
$40.75
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+13.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.33
Research Coverage
3 Analysts

Profitability

Net Income
$243.03 million
Pretax Margin
7.39%

Debt

Sales & Book Value

Annual Sales
$3.74 billion
Cash Flow
$4.91 per share
Book Value
$20.12 per share

Miscellaneous

Free Float
108,630,000
Market Cap
$3.95 billion
Optionable
Optionable
Beta
0.41

Social Links


Key Executives

  • Scott W.H. Seu
    President, Chief Executive Officer & Director
  • Paul K. Ito
    Chief Financial Officer & Executive Vice President
  • Kurt K. Murao
    Secretary, Chief Administrative Officer & EVP
  • Julie R. Smolinski
    VP-Investor Relations & Corporate Sustainability
  • Christine Nutaitis Ohashi
    Vice President-Internal Audit













HE Stock - Frequently Asked Questions

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

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.
View HE analyst ratings
or view top-rated stocks.

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

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.
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 start of the year. Since then, HE shares have decreased by 14.0% and is now trading at $36.01.
View the best growth stocks for 2023 here
.

Are investors shorting Hawaiian Electric Industries?

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.
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, August 14th 2023.
View our HE earnings forecast
.

How were Hawaiian Electric Industries' earnings last quarter?

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.

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

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
.

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 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.

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 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 -.

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 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.
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 $36.01.

How much money does Hawaiian Electric Industries make?

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.

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 5/30/2023 by MarketBeat.com Staff

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