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

3 Wall Street 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 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 Wall Street research analysts have issued 1-year price targets for Hawaiian Electric Industries' shares. Their HE share price targets range from $8.50 to $18.00. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 17.2% 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 2024?

Hawaiian Electric Industries' stock was trading at $14.19 on January 1st, 2024. Since then, HE shares have decreased by 30.9% and is now trading at $9.81. View the best growth stocks for 2024 here .

When is Hawaiian Electric Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024. View our HE earnings forecast .

How can I listen to Hawaiian Electric Industries' earnings call?

Hawaiian Electric Industries will be holding an earnings conference call on Friday, May 10th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "2393042".

How were Hawaiian Electric Industries' earnings last quarter?

Hawaiian Electric Industries, Inc. (NYSE:HE) released its earnings results on Tuesday, February, 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. The utilities provider earned $961.40 million during the quarter. Hawaiian Electric Industries had a trailing twelve-month return on equity of 9.99% and a net margin of 5.45%. The firm's revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 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, 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 dividend yield of 14.68%. The ex-dividend date of this dividend is Thursday, August 17th. Read our dividend analysis for HE .

What ETFs hold Hawaiian Electric Industries' stock?

ETFs with the largest weight of Hawaiian Electric Industries (NYSE:HE) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU) and iShares U.S. Utilities ETF (IDU) . iShares ESG Aware MSCI USA Small-Cap ETF (ESML) .

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 many different institutional and retail investors. Top institutional shareholders include Arden Trust Co (0.14%), Alaska Permanent Fund Corp (0.12%), Counterpoint Mutual Funds LLC (0.06%), IMC Chicago LLC (0.00%), DGS Capital Management LLC (0.01%) and CWM LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. 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

NYSE:HE

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

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Free HE Stock Alerts

$9.95

+0.18 (+1.84%)

(As of 10:16 AM ET)

Compare

Today's Range: $9.89
▼
$10.24
50-Day Range: $9.52
▼
$13.64
52-Week Range: $8.74
▼
$40.16

Volume: 743,195 shs
Average Volume: 2.38 million shs
Market Capitalization: $1.10 billion

P/E Ratio: 5.50
Dividend Yield: N/A
Price Target: $11.50

Get Hawaiian Electric Industries alerts:

Hawaiian Electric Industries MarketRank™ Stock Analysis

Analyst Rating: Sell
1.33 Rating Score
Upside/Downside: 17.2% Upside
$11.50 Price Target
Short Interest: Bearish
14.57% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -5.63
Upright™ Environmental Score
News Sentiment: -0.20
Based on 24 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.06%
From $1.98 to $2.10 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.07 out of 5 stars

Utilities Sector

71st out of 94 stocks

Electric Services Industry

31st out of 41 stocks

1.7

Analyst's Opinion

Consensus Rating
Hawaiian Electric Industries has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.
Amount of Analyst Coverage
Hawaiian Electric Industries has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
14.57% of the outstanding shares of Hawaiian Electric Industries have been sold short.
Short Interest Ratio / Days to Cover
Hawaiian Electric Industries has a short interest ratio ("days to cover") of 7.3.
Change versus previous month
Short interest in Hawaiian Electric Industries has recently decreased by 3.25%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Hawaiian Electric Industries does not currently pay a dividend.
Dividend Growth
Hawaiian Electric Industries does not have a long track record of dividend growth.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hawaiian Electric Industries has received a -59.85% net impact score from Upright. The largest negative impact of Hawaiian in category "GHG emissions" seems to be driven mostly by its "Economy air travel on international flights", "Business class air travel on international flights", and "Domestic air travel with airplanes using aviation fuel" products. See details.
Environmental Sustainability
The Environmental Impact score for Hawaiian Electric Industries is -5.63.

1.6

News and Social Media Coverage

News Sentiment
Hawaiian Electric Industries has a news sentiment score of -0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 24 news articles for Hawaiian Electric Industries this week, compared to 7 articles on an average week.
Search Interest
39 people have searched for HE on MarketBeat in the last 30 days. This is an increase of 129% compared to the previous 30 days.
MarketBeat Follows
Only 10 people have added Hawaiian Electric Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -47% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hawaiian Electric Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Hawaiian Electric Industries is held by insiders.
Percentage Held by Institutions
59.91% of the stock of Hawaiian Electric Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Hawaiian Electric Industries are expected to grow by 6.06% in the coming year, from $1.98 to $2.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hawaiian Electric Industries is 5.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hawaiian Electric Industries is 5.42, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 77.37.
Price to Book Value per Share Ratio
Hawaiian Electric Industries has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Hawaiian Electric Industries Stock (NYSE:HE)

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility businesses in the United States. 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 federally chartered savings 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. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.

HE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HE Stock News Headlines

April 17, 2024 | msn.com

Hawaiian Electric Industries (HE) Price Target Increased by 14.71% to 9.95

April 17, 2024 | finance.yahoo.com

New Maui Fire Report Shows the Role Hawaiian Electric Power Line Played in Deadly Blaze

April 18, 2024 | Birch Gold (Ad)

IRS Loophole Gives Americans An Escape From Inflation

April 17, 2024 | markets.businessinsider.com

Hawaiian Electric Faces Potential Liabilities Amid Wildfire Aftermath and Investor Concerns

April 17, 2024 | seekingalpha.com

Hawaiian Electric Industries: Very Strong Finances, But Litigation Risks Cast A Shadow

April 17, 2024 | seekingalpha.com

Wall Street Breakfast Podcast: Fed's Restrictive Policy Needs More Time To Work

April 17, 2024 | americanbankingnews.com

Hawaiian Electric Industries Target of Unusually High Options Trading (NYSE:HE)

April 17, 2024 | abcnews.go.com

Maui Fire Department report on deadly wildfire details need for more equipment and mutual aid plans

April 18, 2024 | Birch Gold (Ad)

IRS Loophole Gives Americans An Escape From Inflation

April 16, 2024 | msn.com

Power restored in east Honolulu, but HECO warns longer-term fix will be needed

April 16, 2024 | finance.yahoo.com

Hawaiian Electric falls to 40-year low amid Maui fire report

April 16, 2024 | finance.yahoo.com

Maui Fire Officials Defend Response to Deadly Lahaina Blaze

April 16, 2024 | msn.com

Maui fire officials to release new report on deadly wildfires

April 16, 2024 | marketwatch.com

Hawaiian Electric Shares Slip 12% Ahead of Wildfire Reports

April 16, 2024 | msn.com

Hawaiian Electric hits 40-year low as wildfire probe does not fault first responders

April 16, 2024 | businesswire.com

Hawaiian Electric Industries to Announce First Quarter 2024 Results May 10; American Savings Bank to Announce First Quarter 2024 Results April 30

April 16, 2024 | msn.com

Antitrust lawsuit aims to stop Alaska-Hawaiian merger

April 16, 2024 | americanbankingnews.com

Hawaiian Electric Industries (NYSE:HE) Upgraded by StockNews.com to Hold

April 16, 2024 | msn.com

HECO initiates rolling blackouts on Big Island, lack of generation shortfall to blame

April 15, 2024 | investorplace.com

Hawaiian Electric Power Outages: What to Know About Widespread O'ahu Outages

April 15, 2024 | finance.yahoo.com

UPDATE 2-Hawaiian Electric urges Hawaii Island customers to conserve power

April 12, 2024 | investorplace.com

3 Utility Stocks Short Sellers Are Pulling the Plug On: Is a Power Outage Looming?

April 11, 2024 | news.yahoo.com

Hawaii lawmakers push electric utilities to reduce wildfire risks

April 8, 2024 | msn.com

Cramer's Lighting Round: Vertex Pharmaceuticals is ‘terrific'

April 7, 2024 | yahoo.com

Big power supply problems continue to plague Hawaii island

April 3, 2024 | msn.com

Hawaiian Electric Company, Inc. PFD SER E 5% goes ex dividend tomorrow

March 29, 2024 | msn.com

HECO could be fined for power outages in Mililani meant to prevent wildfires

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/10/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Utilities
Industry: Electric services
Sub-Industry: Electric Utilities
Current Symbol: NYSE:HE
CUSIP: 41987010
CIK: 354707
Web: www.hei.com
Phone: (808) 543-5662
Fax: 808-543-7966
Employees: 3,706
Year Founded: 1891

Price Target and Rating

Average Stock Price Target: $11.50
High Stock Price Target: $18.00
Low Stock Price Target: $8.50
Potential Upside/Downside: +17.6%
Consensus Rating: Sell
Rating Score (0-4): 1.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.81
Trailing P/E Ratio: 5.40
Forward P/E Ratio: 4.94
P/E Growth: N/A
Net Income: $201.13 million
Net Margins: 5.45%
Pretax Margin: 6.67%
Return on Equity: 9.99%
Return on Assets: 1.35%

Debt

Debt-to-Equity Ratio: 1.21
Current Ratio: 0.13
Quick Ratio: 0.13

Sales & Book Value

Annual Sales: $3.68 billion
Price / Sales: 0.29
Cash Flow: $2.83 per share
Price / Cash Flow: 3.45
Book Value: $21.29 per share
Price / Book: 0.46

Miscellaneous

Outstanding Shares: 110,303,000
Free Float: 109,994,000
Market Cap: $1.08 billion
Optionable: Optionable
Beta: 0.53

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Key Executives

Mr. Scott W. H. Seu (Age 58)
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 51)
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 T. Deghetto (Age 60)
Executive VP, CFO & Treasurer
Bruce K. 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

HE Stock Analysis - Frequently Asked Questions

Should I buy or sell Hawaiian Electric Industries stock right now?: 3 Wall Street 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 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 Wall Street research analysts have issued 1-year price targets for Hawaiian Electric Industries' shares. Their HE share price targets range from $8.50 to $18.00. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 17.2% 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 2024?: Hawaiian Electric Industries' stock was trading at $14.19 on January 1st, 2024. Since then, HE shares have decreased by 30.9% and is now trading at $9.81.
View the best growth stocks for 2024 here.
When is Hawaiian Electric Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our HE earnings forecast.
How can I listen to Hawaiian Electric Industries' earnings call?: Hawaiian Electric Industries will be holding an earnings conference call on Friday, May 10th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "2393042".
How were Hawaiian Electric Industries' earnings last quarter?: Hawaiian Electric Industries, Inc. (NYSE:HE) released its earnings results on Tuesday, February, 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. The utilities provider earned $961.40 million during the quarter. Hawaiian Electric Industries had a trailing twelve-month return on equity of 9.99% and a net margin of 5.45%. The firm's revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 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, 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 dividend yield of 14.68%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for HE.
What ETFs hold Hawaiian Electric Industries' stock?: ETFs with the largest weight of Hawaiian Electric Industries (NYSE:HE) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU) and iShares U.S. Utilities ETF (IDU).iShares ESG Aware MSCI USA Small-Cap ETF (ESML).
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 many different institutional and retail investors. Top institutional shareholders include Arden Trust Co (0.14%), Alaska Permanent Fund Corp (0.12%), Counterpoint Mutual Funds LLC (0.06%), IMC Chicago LLC (0.00%), DGS Capital Management LLC (0.01%) and CWM LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 4/18/2024 by MarketBeat.com Staff

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

Hawaiian Electric Industries MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Hawaiian Electric Industries Stock (NYSE:HE)

HE Stock Price History

HE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

HE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™