Hawaiian Electric Industries - HE Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hawaiian Electric Industries in the last twelve months. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "sell" HE shares.
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3 brokerages have issued 12 month price targets for Hawaiian Electric Industries' stock. Their HE share price forecasts range from $36.00 to $43.00. On average, they predict the company's stock price to reach $37.75 in the next year. This suggests that the stock has a possible downside of 7.5%.
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Hawaiian Electric Industries' stock was trading at $41.50 at the start of the year. Since then, HE shares have decreased by 1.6% and is now trading at $40.83.
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Hawaiian Electric Industries saw a increase in short interest in October. As of October 31st, there was short interest totaling 1,560,000 shares, an increase of 19.1% from the October 15th total of 1,310,000 shares. Based on an average daily volume of 380,100 shares, the short-interest ratio is presently 4.1 days. Approximately 1.4% of the shares of the company are sold short.
View Hawaiian Electric Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our HE earnings forecast.

Hawaiian Electric Industries, Inc. (NYSE:HE) announced its quarterly earnings results 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 10.57% and a net margin of 6.88%. During the same period in the prior year, the firm posted $0.59 EPS.

Hawaiian Electric Industries announced a quarterly dividend on Thursday, November 3rd. Stockholders of record on Tuesday, November 22nd will be paid a dividend of $0.35 per share on Friday, December 9th. This represents a $1.40 annualized dividend and a yield of 3.43%. The ex-dividend date is Monday, November 21st.
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 3.48%. 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 64.22%. 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, November, 8th. The company provided earnings per share guidance of $2.08-$2.20 for the period, compared to the consensus earnings per share estimate of $2.12. 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 Vanguard Group Inc. (10.98%), BlackRock Inc. (8.91%), Nordea Investment Management AB (3.82%), State Street Corp (3.44%), First Trust Advisors LP (1.81%) and Bank of New York Mellon Corp (1.43%). Insiders that own company stock include Constance H Lau, Gregory C Hazelton, Gregory C Hazelton, Holdings LP Valueact and Richard F Wacker.
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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 $40.83.

Hawaiian Electric Industries (NYSE:HE) has a market capitalization of $4.47 billion and generates $2.85 billion in revenue each year. The utilities provider earns $248.06 million in net income (profit) each year or $2.18 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.