Should I buy or sell Hawaiian Electric Industries stock right now?

3 Wall Street equities research 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 equities research analysts is that investors should "sell" HE shares. View HE analyst ratings or view top-rated stocks .

What is Hawaiian Electric Industries' stock price target for 2024?

3 Wall Street analysts have issued 1-year price targets for Hawaiian Electric Industries' stock. Their HE share price targets range from $8.50 to $18.00. On average, they anticipate the company's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price. View analysts price targets for HE or view top-rated stocks among Wall Street analysts .

How have HE shares performed in 2024?

Hawaiian Electric Industries' stock was trading at $14.19 at the start of the year. Since then, HE shares have decreased by 30.4% and is now trading at $9.88. View the best growth stocks for 2024 here .

Are investors shorting Hawaiian Electric Industries?

Hawaiian Electric Industries saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 17,950,000 shares, an increase of 11.7% from the March 31st total of 16,070,000 shares. Based on an average daily volume of 2,400,000 shares, the days-to-cover ratio is presently 7.5 days. View Hawaiian Electric Industries' Short Interest .

When is Hawaiian Electric Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024. View our HE earnings forecast .

How can I listen to Hawaiian Electric Industries' earnings call?

Hawaiian Electric Industries will be holding an earnings conference call on Friday, May 10th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "2393042".

How were Hawaiian Electric Industries' earnings last quarter?

Hawaiian Electric Industries, Inc. (NYSE:HE) announced its earnings results on Tuesday, February, 13th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.48. The utilities provider had revenue of $961.40 million for the quarter. Hawaiian Electric Industries had a net margin of 5.45% and a trailing twelve-month return on equity of 9.99%. The firm's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS.

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 Thursday, August 3rd. Investors of record on Friday, August 18th will be given a dividend of $0.36 per share on Friday, September 8th. This represents a $1.44 annualized dividend and a dividend yield of 14.57%. The ex-dividend date of this dividend is Thursday, August 17th. Read our dividend analysis for HE .

Is Hawaiian Electric Industries a good dividend stock?

Hawaiian Electric Industries (NYSE:HE) pays an annual dividend of $1.44 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 79.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HE will have a dividend payout ratio of 68.57% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HE .

What ETFs hold Hawaiian Electric Industries' stock?

ETFs with the largest weight of Hawaiian Electric Industries (NYSE:HE) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU) , Counterpoint Quantitative Equity ETF (CPAI) and First Trust Small Cap Value AlphaDEX Fund (FYT) . iShares U.S. Utilities ETF (IDU) .

What other stocks do shareholders of Hawaiian Electric Industries own?

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) .

Who are Hawaiian Electric Industries' major shareholders?

Hawaiian Electric Industries' stock is owned by a number of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (1.34%), Arden Trust Co (0.14%), Alaska Permanent Fund Corp (0.12%), Counterpoint Mutual Funds LLC (0.06%), IMC Chicago LLC (0.00%) and Oak Thistle LLC (0.03%). Insiders that own company stock include Constance H Lau , Gregory C Hazelton, Gregory C Hazelton and Keith P Russell. View institutional ownership trends .

How do I buy shares of Hawaiian Electric Industries?

Shares of HE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Hawaiian Electric Industries have any subsidiaries?

The following companies are subsidiares of Hawaiian Electric Industries: ASB Hawaii Inc., American Savings Bank F.S.B., HECO Capital Trust III (a statutory trust), Hamakua Energy LLC, Hamakua Holdings LLC, Hawaii Electric Light Company Inc., Hawaiian Electric Company Inc., Maui Electric Company Limited, Mauo Holdings LLC, Mauo LLC, Pacific Current LLC, Renewable Hawaii Inc., The Old Oahu Tug Service Inc., and Uluwehiokama Biofuels Corp.. Read More

NYSE:HE

Hawaiian Electric Industries (HE) Stock Price, News & Analysis

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Free HE Stock Alerts

$9.88

-0.62 (-5.90%)

(As of 04/26/2024 ET)

Compare

Today's Range: $9.44
▼
$10.39
50-Day Range: $9.52
▼
$13.30
52-Week Range: $8.74
▼
$40.16

Volume: 5.65 million shs
Average Volume: 2.46 million shs
Market Capitalization: $1.09 billion

P/E Ratio: 5.46
Dividend Yield: N/A
Price Target: $11.50

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Hawaiian Electric Industries MarketRank™ Stock Analysis

Analyst Rating: Sell
1.33 Rating Score
Upside/Downside: 16.4% Upside
$11.50 Price Target
Short Interest: Bearish
16.27% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -5.63
Upright™ Environmental Score
News Sentiment: 0.06
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.06%
From $1.98 to $2.10 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.23 out of 5 stars

Utilities Sector

80th out of 90 stocks

Electric Services Industry

38th out of 41 stocks

1.7

Analyst's Opinion

Consensus Rating
Hawaiian Electric Industries has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.
Amount of Analyst Coverage
Hawaiian Electric Industries has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
16.27% of the outstanding shares of Hawaiian Electric Industries have been sold short.
Short Interest Ratio / Days to Cover
Hawaiian Electric Industries has a short interest ratio ("days to cover") of 7.5.
Change versus previous month
Short interest in Hawaiian Electric Industries has recently increased by 11.70%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Hawaiian Electric Industries does not currently pay a dividend.
Dividend Growth
Hawaiian Electric Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Hawaiian Electric Industries is 79.56%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Hawaiian Electric Industries will have a dividend payout ratio of 68.57% next year. This indicates that Hawaiian Electric Industries will be able to sustain or increase its dividend.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hawaiian Electric Industries has received a -59.85% net impact score from Upright. The largest negative impact of Hawaiian in category "GHG emissions" seems to be driven mostly by its "Economy air travel on international flights", "Business class air travel on international flights", and "Domestic air travel with airplanes using aviation fuel" products. See details.
Environmental Sustainability
The Environmental Impact score for Hawaiian Electric Industries is -5.63.

1.7

News and Social Media Coverage

News Sentiment
Hawaiian Electric Industries has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.39 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Hawaiian Electric Industries this week, compared to 7 articles on an average week.
Search Interest
Only 23 people have searched for HE on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added Hawaiian Electric Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hawaiian Electric Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Hawaiian Electric Industries is held by insiders.
Percentage Held by Institutions
59.91% of the stock of Hawaiian Electric Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Hawaiian Electric Industries are expected to grow by 6.06% in the coming year, from $1.98 to $2.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hawaiian Electric Industries is 5.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hawaiian Electric Industries is 5.46, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 81.45.
Price to Book Value per Share Ratio
Hawaiian Electric Industries has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Hawaiian Electric Industries Stock (NYSE:HE)

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. The Bank segment operates a federally chartered savings bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.

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