Hawaiian Electric Industries, Inc. (NYSE:HE) has a beta value of 0.59 and has seen 5.34 million shares traded in the recent trading session. The company, currently valued at $1.46B, closed the recent trade at $13.27 per share which meant it lost -$2.23 on the day or -14.38% during that session. The HE stock price is -168.05% off its 52-week high price of $35.57 and 42.65% above the 52-week low of $7.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.7 million shares traded. The 3-month trading volume is 4.05 million shares.
The consensus among analysts is that Hawaiian Electric Industries, Inc. (HE) is Sell stock at the moment, with a recommendation rating of 3.67. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.55.
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Hawaiian Electric Industries, Inc. (NYSE:HE) trade information
Sporting -14.38% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HE stock price touched $13.27 or saw a rise of 20.68%. Year-to-date, Hawaiian Electric Industries, Inc. shares have moved -6.48%, while the 5-day performance has seen it change -20.86%. Over the past 30 days, the shares of Hawaiian Electric Industries, Inc. (NYSE:HE) have changed 27.24%. Short interest in the company has seen 26.87 million shares shorted with days to cover at 5.3.
Wall Street analysts have a consensus price target for the stock at $29, which means that the shares’ value could jump 54.24% from the levels at last check today. The projected low price target is $16.0 while the price target rests at a high of $42.0. In that case, then, we find that the latest price level in today’s session is -216.5% off the targeted high while a plunge would see the stock gain -20.57% from the levels at last check today.
Hawaiian Electric Industries, Inc. (HE) estimates and forecasts
The company’s shares have gained 1.38% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -0.60%.
1 analysts offering their estimates for the company have set an average revenue estimate of 917.15M for the current quarter. 1 have an estimated revenue figure of 1.16B for the next ending quarter. Year-ago sales stood 901.87M and 961.35M respectively for this quarter and the next, and analysts expect sales will grow by 1.70% for the current quarter and -0.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.42% over the past 5 years. Earnings growth for 2024 is a modest -2.45% while over the next 5 years, the company’s earnings are expected to increase by 4.20%.
HE Dividends
The forward dividend is 0.36 at a share yield of 2.71%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.46%.
Hawaiian Electric Industries, Inc. (NYSE:HE)’s Major holders
Insiders own 0.33% of the company shares, while shares held by institutions stand at 59.18% with a share float percentage of 59.38%. Investors are also buoyed by the number of investors in a company, with Hawaiian Electric Industries, Inc. having a total of 383.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 11.06 million shares worth more than $124.64 million. As of 2024-03-31, VANGUARD GROUP INC held 10.0416% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.71 million shares as of 2024-03-31. The firm’s total holdings are worth over $75.59 million and represent 6.09% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 31, 2024, the former fund manager holds about 3.11% shares in the company for having 3.43 shares of worth $44.5 million while later fund manager owns 2.8 shares of worth $36.38 million as of Mar 31, 2024, which makes it owner of about 2.54% of company’s outstanding stock.
