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

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.
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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.

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.
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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.

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

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%.

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.

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).

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.

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 -.

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 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.
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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 $12.82.

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.

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.