Hawaiian Electric Industries - HE Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hawaiian Electric Industries in the last year. There are currently 2 sell ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" HE shares.
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2 Wall Street analysts have issued twelve-month target prices for Hawaiian Electric Industries' shares. Their HE share price forecasts range from $36.00 to $43.00. On average, they predict the company's stock price to reach $39.25 in the next year. This suggests that the stock has a possible downside of 5.6%.
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Hawaiian Electric Industries' stock was trading at $41.85 at the beginning of the year. Since then, HE shares have decreased by 0.6% and is now trading at $41.59.
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Hawaiian Electric Industries saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 1,670,000 shares, an increase of 18.4% from the December 15th total of 1,410,000 shares. Based on an average daily volume of 362,800 shares, the days-to-cover ratio is presently 4.6 days. Currently, 1.5% of the shares of the company are short sold.
View Hawaiian Electric Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our HE earnings forecast.

Hawaiian Electric Industries will be holding an earnings conference call on Tuesday, February 14th at 4:15 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "326110".

Hawaiian Electric Industries, Inc. (NYSE:HE) released its quarterly earnings data on Monday, November, 7th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The utilities provider had revenue of $1.04 billion for the quarter. Hawaiian Electric Industries had a net margin of 6.88% and a trailing twelve-month return on equity of 10.57%.

Hawaiian Electric Industries declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.35 per share on Friday, December 9th. This represents a $1.40 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Monday, November 21st.
Read our dividend analysis for HE.

Hawaiian Electric Industries (NYSE:HE) pays an annual dividend of $1.40 per share and currently has a dividend yield of 3.38%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 64.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HE will have a dividend payout ratio of 62.22% 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 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $2.08-$2.20 for the period, compared to the consensus estimate of $2.12. 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 a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.19%), PATRIZIA Pty Ltd (0.25%), First Hawaiian Bank (0.04%), Exchange Traded Concepts LLC (0.01%), Xponance Inc. (0.01%) and Fifth Third Bancorp (0.01%). Insiders that own company stock include Constance H Lau, Gregory C Hazelton, Gregory C Hazelton, Holdings LP Valueact and Richard F Wacker.
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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 $41.59.

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $4.55 billion and generates $2.85 billion in revenue each year. The utilities provider earns $248.06 million in net income (profit) each year or $2.18 on an earnings per share basis.

The company employs 2,504 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.