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 year. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" HE shares.
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3 Wall Street research analysts have issued 12 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 share price to reach $40.75 in the next twelve months. This suggests a possible upside of 10.2% 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 11.7% and is now trading at $36.97.
View the best growth stocks for 2023 here.

Hawaiian Electric Industries saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,960,000 shares, an increase of 11.4% from the February 13th total of 1,760,000 shares. Based on an average daily volume of 368,500 shares, the days-to-cover ratio is presently 5.3 days. Approximately 1.8% of the company's stock are sold short.
View Hawaiian Electric Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our HE earnings forecast.

Hawaiian Electric Industries, Inc. (NYSE:HE) issued its quarterly earnings data on Friday, November, 5th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by $0.01. The utilities provider had revenue of $756.90 million for the quarter. Hawaiian Electric Industries had a net margin of 6.49% and a trailing twelve-month return on equity of 10.92%. During the same period in the previous year, the business posted $0.59 earnings per share.

Hawaiian Electric Industries announced a quarterly dividend on Friday, February 10th. Shareholders of record on Thursday, February 23rd will be paid a dividend of $0.36 per share on Friday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, February 22nd. This is a positive change from the stock's previous quarterly dividend of $0.35.
Read our dividend analysis for HE.

ETFs with the largest weight of Hawaiian Electric Industries (NYSE:HE) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P MidCap Low Volatility ETF (XMLV), iShares U.S. Infrastructure ETF (IFRA), iShares Factors US Value Style ETF (STLV), First Trust Value Line Dividend Index Fund (FVD), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), SEI Enhanced Low Volatility U.S. Large Cap ETF (SELV) and Cultivar ETF (CVAR).

Hawaiian Electric Industries (NYSE:HE) pays an annual dividend of $1.44 per share and currently has a dividend yield of 3.92%. 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 65.45%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for HE.

Hawaiian Electric Industries updated its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share (EPS) guidance of $2.15-$2.35 for the period, compared to the consensus earnings per share estimate of $2.32. 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 Nordea Investment Management AB (3.79%), First Trust Advisors LP (1.86%), Geode Capital Management LLC (1.46%), Charles Schwab Investment Management Inc. (1.24%), Allspring Global Investments Holdings LLC (1.19%) and Dimensional Fund Advisors LP (1.14%). Insiders that own company stock include Constance H Lau, Gregory C Hazelton, Gregory C Hazelton and Keith P Russell.
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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 $36.97.

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $4.05 billion and generates $3.74 billion in revenue each year. The utilities provider earns $243.03 million in net income (profit) each year or $2.20 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.