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NYSE:HEHawaiian Electric Industries Stock Price, Forecast & News

$39.67
+0.77 (+1.98 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$39.37
Now: $39.67
$40.76
50-Day Range
$36.11
MA: $38.67
$41.98
52-Week Range
$33.51
Now: $39.67
$55.15
Volume463,559 shs
Average Volume514,869 shs
Market Capitalization$4.33 billion
P/E Ratio20.99
Dividend Yield3.39%
Beta0.18
Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company's Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other bio fuels. This segment distributes and sells electricity on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai; and serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. Its Bank segment operates a savings bank that offers banking and other financial services, including deposit products, such as savings accounts 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 to consumers and business. This segment operates 49 branches, including 34 branches in Oahu, 6 branches in Maui, 5 branches in Hawaii, 3 branches in Kauai, and 1 branch in Molokai. The company's Other segment focuses on investing in non-regulated renewable energy and infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.7Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.13 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
CUSIP41987010
Phone808-543-7771

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.87 billion
Cash Flow$4.66 per share
Book Value$20.92 per share

Profitability

Net Income$219.77 million

Miscellaneous

Employees3,841
Market Cap$4.33 billion
Next Earnings Date8/7/2020 (Estimated)
OptionableOptionable

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Hawaiian Electric Industries (NYSE:HE) Frequently Asked Questions

How has Hawaiian Electric Industries' stock been impacted by COVID-19 (Coronavirus)?

Hawaiian Electric Industries' stock was trading at $42.00 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, HE stock has decreased by 5.5% and is now trading at $39.67. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Hawaiian Electric Industries?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hawaiian Electric Industries in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Hawaiian Electric Industries.

When is Hawaiian Electric Industries' next earnings date?

Hawaiian Electric Industries is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Hawaiian Electric Industries.

How were Hawaiian Electric Industries' earnings last quarter?

Hawaiian Electric Industries, Inc. (NYSE:HE) issued its quarterly earnings results on Tuesday, May, 5th. The utilities provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by $0.14. The utilities provider had revenue of $677.20 million for the quarter, compared to analysts' expectations of $686.36 million. Hawaiian Electric Industries had a return on equity of 9.19% and a net margin of 7.16%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. View Hawaiian Electric Industries' earnings history.

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 Tuesday, May 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.33 per share on Wednesday, June 10th. This represents a $1.32 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, May 21st. View Hawaiian Electric Industries' dividend history.

What price target have analysts set for HE?

5 equities research analysts have issued twelve-month target prices for Hawaiian Electric Industries' stock. Their forecasts range from $32.00 to $85.00. On average, they anticipate Hawaiian Electric Industries' share price to reach $47.80 in the next year. This suggests a possible upside of 20.5% from the stock's current price. View analysts' price targets for Hawaiian Electric Industries.

Has Hawaiian Electric Industries been receiving favorable news coverage?

Media coverage about HE stock has trended very negative this week, InfoTrie reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hawaiian Electric Industries earned a media sentiment score of -3.1 on InfoTrie's scale. They also gave news headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutHawaiian Electric Industries.

Are investors shorting Hawaiian Electric Industries?

Hawaiian Electric Industries saw a drop in short interest in April. As of April 30th, there was short interest totaling 2,570,000 shares, a drop of 12.3% from the April 15th total of 2,930,000 shares. Based on an average daily volume of 750,400 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.4% of the company's shares are sold short. View Hawaiian Electric Industries' Current Options Chain.

Who are some of Hawaiian Electric Industries' key competitors?

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), Costco Wholesale (COST), Exxon Mobil (XOM), Gilead Sciences (GILD), Bank of America (BAC), Home Depot (HD), Occidental Petroleum (OXY), Caterpillar (CAT) and Johnson & Johnson (JNJ).

Who are Hawaiian Electric Industries' key executives?

Hawaiian Electric Industries' management team includes the following people:
  • Ms. Constance Hee Lau, Pres, CEO & Director (Age 66)
  • Mr. Gregory C. Hazelton, CFO, Exec. VP & Treasurer (Age 55)
  • Mr. Richard F. Wacker, Pres, CEO & Director of American Savings Bank FSB (Age 57)
  • Mr. Alan M. Oshima, Pres, CEO & Director of Hawaiian Electric Company Inc. (Age 71)
  • Kurt K. Murao, VP of Legal & Admin. and Corp. Sec.

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.19%), State Street Corp (3.13%), ValueAct Holdings L.P. (2.97%), Wells Fargo & Company MN (2.82%), Acadian Asset Management LLC (1.85%) and Invesco Ltd. (1.51%). Company insiders that own Hawaiian Electric Industries stock include Gregory C Hazelton, Holdings LP Valueact, James K Scott, Jeffrey N Watanabe, Micah A Kane and Richard F Wacker. View institutional ownership trends for Hawaiian Electric Industries.

Which major investors are selling Hawaiian Electric Industries stock?

HE stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Robeco Institutional Asset Management B.V., WINTON GROUP Ltd, Principal Financial Group Inc., First Trust Advisors LP, AQR Capital Management LLC, and Squarepoint Ops LLC. Company insiders that have sold Hawaiian Electric Industries company stock in the last year include Gregory C Hazelton, Jeffrey N Watanabe, Micah A Kane, and Richard F Wacker. View insider buying and selling activity for Hawaiian Electric Industries.

Which major investors are buying Hawaiian Electric Industries stock?

HE stock was acquired by a variety of institutional investors in the last quarter, including ValueAct Holdings L.P., Wells Fargo & Company MN, Bessemer Group Inc., Acadian Asset Management LLC, Geode Capital Management LLC, Gateway Investment Advisers LLC, State Street Corp, and Wellington Management Group LLP. View insider buying and selling activity for Hawaiian Electric Industries.

How do I buy shares of Hawaiian Electric Industries?

Shares of HE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Hawaiian Electric Industries' stock price today?

One share of HE stock can currently be purchased for approximately $39.67.

How big of a company is Hawaiian Electric Industries?

Hawaiian Electric Industries has a market capitalization of $4.33 billion and generates $2.87 billion in revenue each year. The utilities provider earns $219.77 million in net income (profit) each year or $1.99 on an earnings per share basis. Hawaiian Electric Industries employs 3,841 workers across the globe.

What is Hawaiian Electric Industries' official website?

The official website for Hawaiian Electric Industries is www.hei.com.

How can I contact Hawaiian Electric Industries?

Hawaiian Electric Industries' mailing address is 1001 Bishop Street Suite 2900, Honolulu HI, 96813. The utilities provider can be reached via phone at 808-543-7771 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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