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 twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities 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.
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2 Wall Street analysts have issued 1 year price targets for Hawaiian Electric Industries' stock. Their HE share price forecasts range from $40.00 to $43.00. On average, they expect the company's stock price to reach $41.33 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
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Hawaiian Electric Industries' stock was trading at $41.50 at the beginning of 2022. Since then, HE shares have decreased by 11.2% and is now trading at $36.87.
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Hawaiian Electric Industries saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 1,230,000 shares, a drop of 16.3% from the July 31st total of 1,470,000 shares. Based on an average daily trading volume, of 411,100 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.1% of the company's stock are short sold.
View Hawaiian Electric Industries' Short Interest.

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

Hawaiian Electric Industries, Inc. (NYSE:HE) released its quarterly earnings results 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 trailing twelve-month return on equity of 10.38% and a net margin of 7.53%. During the same period in the prior year, the business earned $0.58 EPS.

Hawaiian Electric Industries declared a quarterly dividend on Thursday, August 4th. Investors 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 dividend yield of 3.80%. The ex-dividend date is Wednesday, August 17th.
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 3.73%. 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 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, September, 6th. The company provided earnings per share guidance of $2.00-$2.20 for the period, compared to the consensus EPS estimate of $2.14. 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 number of retail and institutional investors. Top institutional shareholders 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 and Richard F Wacker.
View institutional ownership trends.

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 $36.87.

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $4.04 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.

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.