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

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 predict the company's stock price to reach $17.63 in the next twelve months. This suggests a possible upside of 44.5% 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 on January 1st, 2023. Since then, HE shares have decreased by 70.8% and is now trading at $12.20.
View the best growth stocks for 2023 here.

Hawaiian Electric Industries saw a increase in short interest in September. As of September 15th, there was short interest totaling 17,140,000 shares, an increase of 21.6% from the August 31st total of 14,090,000 shares. Based on an average daily volume of 7,470,000 shares, the short-interest ratio is presently 2.3 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 EPS for the quarter, missing the consensus estimate 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. Investors 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 dividend yield of 11.80%. 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 11.64%. 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 updated its FY 2023 earnings guidance on Friday, August, 11th. The company provided earnings per share (EPS) guidance of $2.00-$2.10 for the period, compared to the consensus earnings per share 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."

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.

One share of HE stock can currently be purchased for approximately $12.20.

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $1.34 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.