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

$13.22
-0.09 (-0.68%)
(As of 12/8/2023 ET)
Compare
Today's Range
$13.00
$13.37
50-Day Range
$11.44
$13.99
52-Week Range
$9.06
$43.71
Volume
2.70 million shs
Average Volume
2.83 million shs
Market Capitalization
$1.46 billion
P/E Ratio
7.00
Dividend Yield
10.89%
Price Target
$11.67

Hawaiian Electric Industries MarketRank™ Stock Analysis

Analyst Rating
Sell
1.33 Rating Score
Upside/​Downside
11.8% Downside
$11.67 Price Target
Short Interest
Bearish
14.73% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
0.25mentions of Hawaiian Electric Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.50%
From $2.02 to $2.03 Per Share

Overall MarketRank

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

1.49 out of 5 stars

Utilities Sector

80th out of 86 stocks

Electric Services Industry

35th out of 37 stocks


HE stock logo

About Hawaiian Electric Industries Stock (NYSE:HE)

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 Stock Price History

HE Stock News Headlines

15 Best Falling Stocks To Buy Now
The Top and Bottom Stocks of 2023
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
PRESS DIGEST-Wall Street Journal - Nov 29
Hawaiian Electric: No Turnaround In Sight
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
What 5 Analyst Ratings Have To Say About Hawaiian Electric Indus
HEI Reports Third Quarter 2023 Results
Hawaiian Electric Final Deadline Alert
Hawaiian Electric 48 Hour Deadline Alert
See More Headlines
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Company Calendar

Last Earnings
11/09/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024

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 Target
$11.67
High Stock Price Target
$18.00
Low Stock Price Target
$8.50
Potential Upside/Downside
-11.8%
Consensus Rating
Sell
Rating Score (0-4)
1.33
Research Coverage
3 Analysts

Profitability

Net Income
$243.03 million
Pretax Margin
6.93%

Debt

Sales & Book Value

Annual Sales
$3.74 billion
Cash Flow
$5.03 per share
Book Value
$20.12 per share

Miscellaneous

Free Float
109,177,000
Market Cap
$1.46 billion
Optionable
Optionable
Beta
0.52

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Key Executives

  • Mr. Scott W. H. Seu (Age 57)
    President, CEO & Director
    Comp: $1.74M
  • Mr. Kurt K. Murao (Age 53)
    Executive VP, General Counsel, Chief Administrative Officer & Corporate Secretary
    Comp: $699.42k
  • Ms. Shelee M. T. Kimura (Age 50)
    President & CEO of Hawaiian Electric Company, Inc.
    Comp: $699.91k
  • Ms. Ann C. Teranishi (Age 48)
    CEO, President & Director of American Savings Bank
    Comp: $1.43M
  • Mr. Scott Deghetto (Age 60)
    Executive VP, CFO & Treasurer
  • Bruce Tamashiro
    Controller & Principal Accounting Officer
  • Mateo Garcia
    Director of Investor Relations
  • Ms. Erin P. Kippen
    VP, General Counsel, Chief Compliance Officer & Corporate Secretary
  • James P. Kelly
    Vice President of Government, Community Relations & Corporate Communications
  • Ms. Jacqueline I. U. Ingamells
    VP of Human Resources & Chief People Strategist














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

What is Hawaiian Electric Industries' stock price target for 2024?

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%.
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 68.4% and is now trading at $13.2250.
View the best growth stocks for 2023 here
.

When is Hawaiian Electric Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
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 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%.

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, 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
.

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 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.

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).

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 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.
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.

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
This page (NYSE:HE) was last updated on 12/8/2023 by MarketBeat.com Staff

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