Hawaiian Electric Industries, Inc. (NYSE: HE) Shares Are Down -67.74% Year To Date.

In the last trading session, 2.44 million Hawaiian Electric Industries, Inc. (NYSE:HE) shares changed hands as the company’s beta touched 0.58. With the company’s per share price at $13.50 changed hands at -$0.41 or -2.95% during last session, the market valuation stood at $1.49B. HE’s last price was a discount, traded about -223.78% off its 52-week high of $43.71. The share price had its 52-week low at $9.06, which suggests the last value was 32.89% up since then. When we look at Hawaiian Electric Industries, Inc.’s average trading volume, we note the 10-day average is 4.15 million shares, with the 3-month average coming to 6.71 million.

Analysts gave the Hawaiian Electric Industries, Inc. (HE) stock a consensus recommendation rating of an Underweight, calculated at a mean rating of 3.75. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended HE as a Hold, 0 felt it is a Buy and 1 rated the stock as Underweight. Hawaiian Electric Industries, Inc.’s EPS for the current quarter is expected to be $0.5.

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Hawaiian Electric Industries, Inc. (NYSE:HE) trade information

Instantly HE was in red as seen at the end of in last trading. With action 17.90%, the performance over the past five days has been green. The drop to weekly highs of 14.02 on Monday, 11/20/23 subtracted -2.95% to the stock’s daily price. The company’s shares are showing year-to-date downside of -67.74%, with the 5-day performance at 17.90% in the green. However, in the 30-day time frame, Hawaiian Electric Industries, Inc. (NYSE:HE) is 9.31% up. Looking at the short shares, we see there were 15.92 million shares sold at short interest cover period of 7.28 days.

The consensus price target for the stock as assigned by Wall Street analysts is $7.50, meaning bulls need a downside of -80.0% from its current market value. According to analyst projections, HE’s forecast low is $7.00 with $8.50 as the target high. To hit the forecast high, the stock’s price needs a 37.04% surge from its current level, while the stock would need to tank 48.15% for it to hit the projected low.

Hawaiian Electric Industries, Inc. (HE) estimates and forecasts

Data shows that the Hawaiian Electric Industries, Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -62.80% over the past 6 months, a -8.18% in annual growth rate that is considerably lower than the industry average of 6.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Hawaiian Electric Industries, Inc. will fall -3.80%, while the growth in revenue is estimated to hit -28.00% for the next quarter. Year-over-year growth is forecast to reach 2.60% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $418.16 million. 1 analysts are of the opinion that Hawaiian Electric Industries, Inc.’s revenue for the quarter ending Mar 2024 will be $944.14 million. The company’s revenue for the corresponding quarters a year ago was $1.02 billion and $928.24 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -59.00%. The estimates for the next quarter sales put growth at 1.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.68%. The 2023 estimates are for Hawaiian Electric Industries, Inc. earnings to decrease by -8.03%, but the outlook for the next 5-year period is at 4.20% per year.

HE Dividends

Hawaiian Electric Industries, Inc. is expected to release its next quarterly earnings report between February 12 and February 16. The 9.33% annual yield figure for the share gives it an annual dividend of 1.26. It is important to note, however, that the 9.33% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Hawaiian Electric Industries, Inc. (NYSE:HE)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.33% of Hawaiian Electric Industries, Inc. shares while 58.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.47%. There are 58.28% institutions holding the Hawaiian Electric Industries, Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 11.57% of the shares, roughly 12.69 million HE shares worth $459.28 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 9.35% or 10.25 million shares worth $371.2 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 3.41 million shares estimated at $123.44 million under it, the former controlled 3.11% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.58% of the shares, roughly 2.83 million shares worth around $102.41 million.

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