About Hawaiian Electric Industries (NYSE:HE)
Hawaiian Electric Industries, Inc. is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. The Company's subsidiaries include Hawaiian Electric Company, Inc. (Hawaiian Electric) and ASB Hawaii, Inc. (ASB Hawaii). Its segments include Electric utility, Bank and Other. It operates its electric utility business through Hawaiian Electric and its subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric). It operates its Bank segment through ASB Hawaii's subsidiary, American Savings Bank, F.S.B. (ASB). Its electric public utilities are in the business of generating, purchasing, transmitting, distributing and selling electric energy. ASB is a federally chartered savings bank providing a range of banking services to individual and business customers.
Industry, Sector and Symbol
Industry Electric services
Sub-IndustryElectric Utilities
SectorUtilities
SymbolNYSE:HE
CUSIP41987010
Phone808-543-5662
Debt
Debt-to-Equity Ratio0.80%
Current Ratio0.08%
Quick Ratio0.08%
Price-To-Earnings
Trailing P/E Ratio20.79
Forward P/E Ratio18.24
P/E Growth2.71
Sales & Book Value
Annual Sales$2.56 billion
Price / Sales1.46
Cash Flow$3.7081 per share
Price / Cash9.25
Book Value$19.28 per share
Price / Book1.78
Profitability
EPS (Most Recent Fiscal Year)$1.65
Net Income$167.18 million
Net Margins6.54%
Return on Equity8.69%
Return on Assets1.42%
Miscellaneous
Employees3,880
Outstanding Shares108,840,000
Hawaiian Electric Industries (NYSE:HE) Frequently Asked Questions
What is Hawaiian Electric Industries' stock symbol?
Hawaiian Electric Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "HE."
How often does Hawaiian Electric Industries pay dividends? What is the dividend yield for Hawaiian Electric Industries?
Hawaiian Electric Industries announced a quarterly dividend on Friday, February 2nd. Investors of record on Thursday, February 22nd will be given a dividend of $0.31 per share on Tuesday, March 13th. This represents a $1.24 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Wednesday, February 21st. View Hawaiian Electric Industries' Dividend History.
How were Hawaiian Electric Industries' earnings last quarter?
Hawaiian Electric Industries, Inc. (NYSE:HE) posted its quarterly earnings data on Wednesday, February, 14th. The utilities provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The utilities provider earned $658.60 million during the quarter, compared to analyst estimates of $547.89 million. Hawaiian Electric Industries had a net margin of 6.54% and a return on equity of 8.69%. The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. View Hawaiian Electric Industries' Earnings History.
When is Hawaiian Electric Industries' next earnings date?
What price target have analysts set for HE?
4 brokerages have issued 1-year price targets for Hawaiian Electric Industries' shares. Their predictions range from $29.00 to $34.00. On average, they anticipate Hawaiian Electric Industries' share price to reach $31.00 in the next year. View Analyst Ratings for Hawaiian Electric Industries.
Who are some of Hawaiian Electric Industries' key competitors?
Some companies that are related to Hawaiian Electric Industries include CPFL Energia (CPL), Great Plains Energy (GXP), Enel Generación Chile (EOCC), OGE Energy (OGE), Enel Chile (ENIC), Brookfield Renewable Partners (BEP), Idacorp (IDA), Algonquin Power & Utilities (AQN), Pampa Energia (PAM), Portland General Electric (POR), NRG Yield (NYLD), CEMIG (CIG), PNM Resources (PNM), Ormat Technologies (ORA), Black Hills (BKH), Edenor (EDN), NextEra Energy Partners (NEP) and Atlantica Yield (AY).
Who are Hawaiian Electric Industries' key executives?
Hawaiian Electric Industries' management team includes the folowing people:
- Constance H. Lau, President, Chief Executive Officer, Director (Age 65)
- Gregory C. Hazelton, Chief Financial Officer, Executive Vice President (Age 52)
- Richard F. Wacker, President, Chief Executive Officer, Director of American Savings Bank, F.S.B. (Age 54)
- Alan M. Oshima, President, Chief Executive Officer of Hawaiian Electric (Age 69)
- Jeffrey N. Watanabe, Non-Executive Independent Chairman of the Board (Age 74)
- Richard J. Dahl CPA, Independent Director (Age 65)
- Thomas Boulton Fargo, Independent Director (Age 69)
- Peggy Y. Fowler, Independent Director (Age 65)
- Keith P. Russell, Independent Director (Age 71)
Has Hawaiian Electric Industries been receiving favorable news coverage?
News coverage about HE stock has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hawaiian Electric Industries earned a media sentiment score of 0.14 on Accern's scale. They also assigned media headlines about the utilities provider an impact score of 45.91 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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, Scottrade, Fidelity and Charles Schwab.
What is Hawaiian Electric Industries' stock price today?
One share of HE stock can currently be purchased for approximately $34.30.
How big of a company is Hawaiian Electric Industries?
Hawaiian Electric Industries has a market capitalization of $3.73 billion and generates $2.56 billion in revenue each year. The utilities provider earns $167.18 million in net income (profit) each year or $1.65 on an earnings per share basis. Hawaiian Electric Industries employs 3,880 workers across the globe.
How can I contact Hawaiian Electric Industries?
Hawaiian Electric Industries' mailing address is 1001 Bishop Street Suite 2900, Honolulu HI, 96808. The utilities provider can be reached via phone at 808-543-5662 or via email at [email protected]
MarketBeat Community Rating for Hawaiian Electric Industries (HE)
MarketBeat's community ratings are surveys of what our community members think about Hawaiian Electric Industries and other stocks. Vote "Outperform" if you believe HE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HE will underperform the S&P 500 over the long term. You may vote once every thirty days.
Hawaiian Electric Industries (NYSE:HE) Dividend Information
Hawaiian Electric Industries pays an annual dividend of $1.24 per share, with a dividend yield of 3.62%. HE's most recent quarterly dividend payment was Tuesday, March 13. Hawaiian Electric Industries pays out 75.15% of its earnings out as a dividend.
| Most Recent Dividend: | 3/13/2018 |
| Annual Dividend: | $1.24 |
| Dividend Yield: | 3.62% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 75.15% (Trailing 12 Months of Earnings)
65.96% (Based on This Year's Estimates)
61.69% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Hawaiian Electric Industries (NYSE:HE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/2/2018 | quarterly | $0.31 | 3.61% | 2/21/2018 | 2/22/2018 | 3/13/2018 |
| 11/1/2017 | quarterly | $0.31 | 3.42% | 11/21/2017 | 11/22/2017 | 12/12/2017 |
| 8/2/2017 | quarterly | $0.31 | 3.75% | 8/21/2017 | 8/23/2017 | 9/12/2017 |
| 5/4/2017 | quarterly | $0.31 | 3.7% | 5/22/2017 | 5/24/2017 | 6/12/2017 |
| 2/14/2017 | Quarterly | $0.31 | 3.81% | 2/22/2017 | 2/24/2017 | 3/10/2017 |
| 11/2/2016 | quarterly | $0.31 | | 11/18/2016 | 11/22/2016 | 12/13/2016 |
| 8/3/2016 | quarterly | $0.31 | | 8/22/2016 | 8/24/2016 | 9/12/2016 |
| 5/4/2016 | quarterly | $0.31 | | 5/26/2016 | 5/31/2016 | 6/15/2016 |
| 2/10/2016 | quarterly | $0.31 | | 2/18/2016 | 2/22/2016 | 3/10/2016 |
| 11/5/2015 | quarterly | $0.31 | | 11/19/2015 | 11/23/2015 | 12/10/2015 |
| 8/10/2015 | quarterly | $0.31 | 4.05% | 8/20/2015 | 8/24/2015 | 9/10/2015 |
| 5/6/2015 | quarterly | $0.31 | 4.02% | 5/20/2015 | 5/22/2015 | 6/10/2015 |
| 2/11/2015 | quarterly | $0.31 | 3.72% | 2/20/2015 | 2/24/2015 | 3/10/2015 |
| 11/6/2014 | quarterly | $0.31 | 4.38% | 11/19/2014 | 11/21/2014 | 12/10/2014 |
| 8/8/2014 | quarterly | $0.31 | 5.25% | 8/20/2014 | 8/22/2014 | 9/10/2014 |
| 5/7/2014 | quarterly | $0.31 | 5.22% | 5/20/2014 | 5/22/2014 | 6/10/2014 |
| 2/11/2014 | quarterly | $0.31 | 4.75% | 2/21/2014 | 2/25/2014 | 3/12/2014 |
| 11/8/2013 | quarterly | $0.31 | 4.65% | 11/18/2013 | 11/20/2013 | 12/11/2013 |
| 8/7/2013 | quarterly | $0.31 | 4.69% | 8/19/2013 | 8/21/2013 | 9/11/2013 |
| 5/9/2013 | quarterly | $0.31 | 4.52% | 5/20/2013 | 5/22/2013 | 6/12/2013 |
| 5/8/2013 | special | $0.31 | | 5/20/2013 | 5/22/2013 | 6/12/2013 |
| 2/7/2013 | quarterly | $0.31 | 4.5% | 2/19/2013 | 2/21/2013 | 3/13/2013 |
(Data available from 1/1/2013 forward)
Hawaiian Electric Industries (NYSE HE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.87%
Institutional Ownership Percentage: 49.00%
Hawaiian Electric Industries (NYSE HE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/5/2018 | Jeffrey N Watanabe | Director | Sell | 9,300 | $33.18 | $308,574.00 | |  |
| 11/7/2017 | Thomas B Fargo | Director | Sell | 5,500 | $36.46 | $200,530.00 | | |
| 9/8/2016 | Barry K. Taniguchi | Director | Sell | 14,942 | $30.29 | $452,593.18 | | |
| 8/25/2016 | Chester A. Richardson | EVP | Sell | 15,921 | $30.16 | $480,177.36 | | |
| 8/15/2016 | A Maurice Myers | Director | Sell | 34,500 | $30.47 | $1,051,215.00 | | |
| 8/10/2016 | Thomas B Fargo | Director | Sell | 7,000 | $30.60 | $214,200.00 | | |
| 12/30/2014 | Peggy Y Fowler | Director | Buy | 237 | $34.32 | $8,133.84 | | |
| 9/30/2014 | Peggy Y Fowler | Director | Buy | 304 | $26.72 | $8,122.88 | | |
| 12/3/2013 | Jeffrey Watanabe | Director | Sell | 4,000 | $25.33 | $101,320.00 | 14,144 | |
(Data available from 1/1/2013 forward)
Hawaiian Electric Industries (NYSE HE) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | BidaskClub Lowers Hawaiian Electric Industries (HE) to Sell
www.americanbankingnews.com - April 20 at 12:11 PM |
 | Custodial Receipts (Barclays) -- Moody's assigns enhanced Aa3 to Custodial Receipts, Series 2018-XL0068 A & B
finance.yahoo.com - April 19 at 5:56 PM |
| Moody's Fully Supported Municipal & IRB Deals
finance.yahoo.com - April 19 at 5:56 PM |
| Hawaiian Electric Industries (HE) Downgraded to "Strong Sell" at BidaskClub
www.americanbankingnews.com - April 17 at 3:03 PM |
| Hawaiian Electric Industries, Inc. (HE) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - April 17 at 1:48 AM |
 | First Week of May 18th Options Trading For Hawaiian Electric Industries (HE)
www.nasdaq.com - April 9 at 5:37 PM |
| Hawaiian Electric Industries (HE) Research Coverage Started at Bank of America
www.americanbankingnews.com - April 5 at 9:37 PM |
| Zacks Investment Research Upgrades Hawaiian Electric Industries (HE) to "Hold"
www.americanbankingnews.com - March 30 at 12:42 PM |
 | What's Happening With These Electric Utilities Stocks? -- CMS Energy, Great Plains Energy, Hawaiian Electric Industries, and PPL Corp.
www.bizjournals.com - March 28 at 8:06 AM |
 | BRIEF-Hawaiian Electric Industries Says Hawaiian Electric Co CEO Alan Oshima's 2017 Compensation Was $2.8 Mln Vs $1.6 Mln
www.reuters.com - March 28 at 8:06 AM |
 | Hawaiian Electric: A Very Solid Utility
seekingalpha.com - March 28 at 8:06 AM |
| Hawaiian Electric Industries, Inc. (HE) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - March 23 at 1:32 AM |
| Hawaiian Electric launches largest renewable energy procurement effort in state history
finance.yahoo.com - March 8 at 7:03 PM |
| Hawaiian Electric Industries, Inc. (HE) Director Jeffrey N. Watanabe Sells 9,300 Shares
www.americanbankingnews.com - March 6 at 3:11 PM |
| State of Tennessee Treasury Department Has $2.53 Million Holdings in Hawaiian Electric Industries, Inc. (HE)
www.americanbankingnews.com - March 6 at 1:14 PM |
| Arizona State Retirement System Raises Holdings in Hawaiian Electric Industries, Inc. (HE)
www.americanbankingnews.com - March 6 at 4:36 AM |
| Hawaiian Electric Industries, Inc. (HE) Shares Sold by Rhumbline Advisers
www.americanbankingnews.com - March 4 at 10:30 AM |
| Comparing ITC (ITC) & Hawaiian Electric Industries (HE)
www.americanbankingnews.com - March 2 at 7:12 PM |
| Hawaiian Electric Industries, Inc. (HE) Shares Sold by Bank of New York Mellon Corp
www.americanbankingnews.com - March 2 at 4:50 AM |
| Hawaiian Electric Industries, Inc. (HE) Shares Bought by American International Group Inc.
www.americanbankingnews.com - March 1 at 4:24 AM |
| Systematic Financial Management LP Sells 4,675 Shares of Hawaiian Electric Industries, Inc. (HE)
www.americanbankingnews.com - February 27 at 11:28 AM |
| Martingale Asset Management L P Acquires 20,800 Shares of Hawaiian Electric Industries, Inc. (HE)
www.americanbankingnews.com - February 26 at 3:26 PM |
| Hawaiian Electric Industries, Inc. (HE) Receives Average Rating of "Sell" from Analysts
www.americanbankingnews.com - February 26 at 1:34 AM |
| Swiss National Bank Purchases 3,300 Shares of Hawaiian Electric Industries, Inc. (HE)
www.americanbankingnews.com - February 25 at 6:40 AM |
| California Public Employees Retirement System Boosts Stake in Hawaiian Electric Industries, Inc. (HE)
www.americanbankingnews.com - February 25 at 4:46 AM |
| Teacher Retirement System of Texas Increases Stake in Hawaiian Electric Industries, Inc. (HE)
www.americanbankingnews.com - February 24 at 5:14 AM |
| FY2018 EPS Estimates for Hawaiian Electric Industries, Inc. Increased by Gabelli (HE)
www.americanbankingnews.com - February 19 at 5:58 AM |
| Analysts Anticipate Hawaiian Electric Industries, Inc. (HE) Will Announce Earnings of $0.36 Per Share
www.americanbankingnews.com - February 18 at 3:14 AM |
| Hawaiian Electric Industries Inc. 2017 Q4 - Results - Earnings Call Slides
seekingalpha.com - February 15 at 5:31 PM |
| Hawaiian Electric Industries (HE) Posts Earnings Results, Beats Expectations By $0.03 EPS
www.americanbankingnews.com - February 14 at 9:46 PM |
| Hawaiian Electric Industries Reports 2017 Year-End & Fourth Quarter Earnings
finance.yahoo.com - February 14 at 3:35 PM |
| Hawaiian Electric Industries, Inc. to Host Earnings Call
finance.yahoo.com - February 14 at 3:35 PM |
| HEI beats 4Q profit forecasts
finance.yahoo.com - February 14 at 3:35 PM |
| Head-To-Head Analysis: Hawaiian Electric Industries (HE) and NRG Yield, Inc. Class C (NYLD)
www.americanbankingnews.com - February 9 at 3:44 PM |
| Hawaiian Electric Industries (HE) Set to Announce Earnings on Monday
www.americanbankingnews.com - February 5 at 3:44 AM |
| Hawaiian Electric Industries (HE) Now Covered by Analysts at UBS Group
www.americanbankingnews.com - February 3 at 4:22 PM |
 | Hawaiian Electric Industries (HE) Declares $0.31 Quarterly Dividend; 3.7% Yield
www.streetinsider.com - February 2 at 3:34 PM |
| Hawaiian Electric Industries, Inc. (HE) Plans $0.31 Quarterly Dividend
www.americanbankingnews.com - February 2 at 10:09 AM |
| Hawaiian Electric Industries, Inc. (HE) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - February 1 at 1:28 AM |
| American Savings Bank Reports 2017 Year-End And Fourth Quarter Earnings
finance.yahoo.com - January 31 at 7:49 AM |
| Hawaiian Electric Industries Breaks Below 200-Day Moving Average - Notable for HE
www.nasdaq.com - January 27 at 7:40 AM |
| JPMorgan Chase & Co. Lowers Hawaiian Electric Industries (HE) Price Target to $32.00
www.americanbankingnews.com - January 25 at 8:34 PM |
| NRG Energy breaks ground on 3 grid-scale solar projects in Hawaii
finance.yahoo.com - January 25 at 7:45 AM |
| Hawaiian Electric Industries, Inc. To Announce Fourth Quarter And Year-End 2017 Earnings And 2018 EPS Guidance On February 14, 2018; American Savings Bank To Announce 2017 Earnings On January 30, 2018
finance.yahoo.com - January 24 at 3:38 PM |
| HE Crosses Critical Technical Indicator
www.nasdaq.com - January 12 at 3:18 PM |
| Hawaiian Electric Co. seeks developer for plan to put Honolulu real ... - Pacific Business News (Honolulu)
www.bizjournals.com - January 11 at 6:23 AM |
| HECO considers putting Ward Ave site on the market, move to new campus
finance.yahoo.com - January 10 at 3:20 PM |
| Hawaiian Electric Industries, Inc. (HE) Given Consensus Recommendation of "Sell" by Analysts
www.americanbankingnews.com - January 7 at 1:40 AM |
| Hawaiian Electric Industries (HE) Downgraded by Zacks Investment Research
www.americanbankingnews.com - January 2 at 12:44 PM |
| Cash Dividend On The Way From Hawaiian Electric Industries Cumulative Quarterly Income Preferred Securities, Series 2004
www.nasdaq.com - December 26 at 11:27 PM |
Hawaiian Electric Industries (NYSE:HE) SEC Filings
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Hawaiian Electric Industries (NYSE:HE) Income Statement, Balance Sheet and Cash Flow Statement
Hawaiian Electric Industries (NYSE HE) Stock Chart for Monday, April, 23, 2018
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