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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Blowout Earnings Reports That Could Mark Turning Points
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Companies facing 1st tax on stock buybacks in Biden bill
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
MUST WATCH: Unusual 3-second financial maneuver (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NYSE:HE

Hawaiian Electric Industries - HE Stock Forecast, Price & News

$43.98
+0.31 (+0.71%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$43.51
$44.01
50-Day Range
$38.41
$43.98
52-Week Range
$37.94
$45.24
Volume
417,743 shs
Average Volume
390,696 shs
Market Capitalization
$4.81 billion
P/E Ratio
20.08
Dividend Yield
3.21%
Price Target
$41.00

Hawaiian Electric Industries MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.9% Downside
$40.50 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
-0.39mentions of Hawaiian Electric Industries in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$929,500 Sold Last Quarter
Proj. Earnings Growth
4.57%
From $2.19 to $2.29 Per Share

Overall MarketRank

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

1.66 out of 5 stars

Utilities Sector

85th out of 92 stocks

Electric Services Industry

38th out of 42 stocks

HE stock logo

About Hawaiian Electric Industries (NYSE:HE) Stock

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. 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 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 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in 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.

Hawaiian Electric Industries Stock Performance

Hawaiian Electric Industries stock opened at $43.98 on Wednesday. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 6.21 and a beta of 0.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.07 and a current ratio of 0.07. Hawaiian Electric Industries has a fifty-two week low of $37.94 and a fifty-two week high of $45.24. The stock has a fifty day moving average of $40.95 and a two-hundred day moving average of $41.72.

Hawaiian Electric Industries (NYSE:HE - Get Rating) last announced its quarterly earnings data on Monday, August 8th. The utilities provider reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.04). Hawaiian Electric Industries had a net margin of 7.53% and a return on equity of 10.38%. During the same period in the previous year, the company posted $0.58 earnings per share. On average, analysts anticipate that Hawaiian Electric Industries will post 2.19 EPS for the current fiscal year.

Hawaiian Electric Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Thursday, August 18th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, August 17th. Hawaiian Electric Industries's dividend payout ratio is currently 63.93%.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com cut Hawaiian Electric Industries from a "buy" rating to a "hold" rating in a report on Tuesday, August 9th. Evercore ISI reduced their price objective on Hawaiian Electric Industries to $40.00 in a report on Monday.

Insider Activity at Hawaiian Electric Industries

In related news, CFO Gregory C. Hazelton sold 22,000 shares of Hawaiian Electric Industries stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $42.25, for a total value of $929,500.00. Following the transaction, the chief financial officer now owns 14,576 shares in the company, valued at $615,836. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by insiders.

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HE Stock News Headlines

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HE Company Calendar

Ex-Dividend for 6/10 Dividend
5/19/2022
Dividend Payable
6/10/2022
Last Earnings
8/08/2022
Today
8/16/2022
Ex-Dividend for 9/9 Dividend
8/17/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
CUSIP
41987010
Employees
2,504
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$40.50
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
-6.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$248.06 million
Pretax Margin
9.40%

Debt

Sales & Book Value

Annual Sales
$2.85 billion
Cash Flow
$4.90 per share
Book Value
$21.87 per share

Miscellaneous

Free Float
108,528,000
Market Cap
$4.81 billion
Optionable
Optionable
Beta
0.30

Social Links


Key Executives

  • Mr. Scott W. H. Seu (Age 56)
    Pres, CEO & Director
    Comp: $1.11M
  • Mr. Kurt K. Murao (Age 52)
    Exec. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec.
    Comp: $860.51k
  • Ms. Ann C. Teranishi (Age 47)
    CEO, Pres & Director of American Savings Bank
    Comp: $1.1M
  • Julie R. Smolinski
    VP of Investor Relations & Corp. Sustainability
  • Ms. Tayne S. Y. Sekimura (Age 59)
    Sr. VP, CFO & Treasurer of Hawaiian Electric Company Inc.
  • Avelino J. Halagao Jr.
    VP of Corp. and Community Advancement & Pres of HEI Charitable Foundation
  • Mr. Paul K. Ito (Age 51)
    VP of Tax, Controller & Treasurer
  • Mr. Scott Valentino
    Pres of Pacific Current
  • Mr. Clifford H. Chen (Age 49)
    Mang. of Investor Relations & Strategic Planning
  • Richard K. McQuain
    Pres, HEI Power Corp.













HE Stock - Frequently Asked Questions

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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hawaiian Electric Industries in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HE, but not buy additional shares or sell existing shares.
View HE analyst ratings
or view top-rated stocks.

What is Hawaiian Electric Industries' stock price forecast for 2022?

1 Wall Street analysts have issued 1-year price targets for Hawaiian Electric Industries' stock. Their HE share price forecasts range from $40.00 to $41.00. On average, they predict the company's stock price to reach $40.50 in the next twelve months. This suggests that the stock has a possible downside of 7.9%.
View analysts price targets for HE
or view top-rated stocks among Wall Street analysts.

How have HE shares performed in 2022?

Hawaiian Electric Industries' stock was trading at $41.50 at the beginning of the year. Since then, HE shares have increased by 6.0% and is now trading at $43.98.
View the best growth stocks for 2022 here
.

When is Hawaiian Electric Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our HE earnings forecast
.

How were Hawaiian Electric Industries' earnings last quarter?

Hawaiian Electric Industries, Inc. (NYSE:HE) released its quarterly earnings results on Monday, August, 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by $0.04. Hawaiian Electric Industries had a net margin of 7.53% and a trailing twelve-month return on equity of 10.38%. During the same quarter in the previous year, the business earned $0.58 earnings per share.

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

Hawaiian Electric Industries announced a quarterly dividend on Thursday, August 4th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.35 per share on Friday, September 9th. This represents a $1.40 annualized dividend and a yield of 3.18%. The ex-dividend date is Wednesday, 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 $1.40 per share and currently has a dividend yield of 3.21%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 63.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HE will have a dividend payout ratio of 61.14% 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 2022 earnings guidance on Tuesday, August, 16th. The company provided EPS guidance of $2.00-$2.20 for the period, compared to the consensus earnings per share estimate of $2.14. 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 variety of institutional and retail investors. Top institutional investors include Nordea Investment Management AB (3.81%), State Street Corp (3.41%), Allspring Global Investments Holdings LLC (1.41%), Northern Trust Corp (0.75%), FMR LLC (0.63%) and JPMorgan Chase & Co. (0.61%). Insiders that own company stock include Constance H Lau, Gregory C Hazelton, Gregory C Hazelton, Holdings LP Valueact, Micah A Kane and Richard F Wacker.
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 $43.98.

How much money does Hawaiian Electric Industries make?

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $4.81 billion and generates $2.85 billion in revenue each year. The utilities provider earns $248.06 million in net income (profit) each year or $2.19 on an earnings per share basis.

How many employees does Hawaiian Electric Industries have?

The company employs 2,504 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
When was Hawaiian Electric Industries founded?

Hawaiian Electric Industries was founded in 1891.

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 8/17/2022 by MarketBeat.com Staff

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