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 1 year target prices for Hawaiian Electric Industries' stock. Their HE share price forecasts range from $36.00 to $43.00. On average, they anticipate the company's stock price to reach $40.75 in the next year. This suggests a possible upside of 7.3% 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 at the beginning of the year. Since then, HE shares have decreased by 9.3% and is now trading at $37.97.
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Hawaiian Electric Industries saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 1,740,000 shares, a decrease of 11.2% from the February 28th total of 1,960,000 shares. Based on an average daily volume of 418,600 shares, the short-interest ratio is presently 4.2 days. Approximately 1.6% 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) posted 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 earned $756.90 million during the quarter. Hawaiian Electric Industries had a trailing twelve-month return on equity of 10.92% and a net margin of 6.49%. During the same period in the prior year, the business posted $0.59 EPS.

Hawaiian Electric Industries announced a quarterly dividend on Friday, February 10th. Investors of record on Thursday, February 23rd will be given a dividend of $0.36 per share on Friday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 3.79%. 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 SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).

Hawaiian Electric Industries (NYSE:HE) pays an annual dividend of $1.44 per share and currently has a dividend yield of 3.89%. 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 issued an update on its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share guidance of $2.15-$2.35 for the period, compared to the consensus EPS 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 institutional and retail investors. Top institutional investors 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 $37.97.

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $4.16 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.