In last trading session, Hawaiian Electric Industries, Inc. (NYSE:HE) saw 4.14 million shares changing hands with its beta currently measuring 0.60. Company’s recent per share price level of $13.55 trading at -$0.22 or -1.60% at ring of the bell on the day assigns it a market valuation of $1.49B. That closing price of HE’s stock is at a discount of -65.68% from its 52-week high price of $22.45 and is indicating a premium of 43.84% from its 52-week low price of $7.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.71 million shares which gives us an average trading volume of 4.12 million if we extend that period to 3-months.
For Hawaiian Electric Industries, Inc. (HE), analysts’ consensus is at an average recommendation of Sell while assigning it a mean rating of 3.67. Splitting up the data highlights that, out of 1 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.57 in the current quarter.
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Hawaiian Electric Industries, Inc. (NYSE:HE) trade information
Upright in the red during last session for losing -1.60%, in the last five days HE remained trading in the red while hitting it’s week-highest on Thursday, 08/08/24 when the stock touched $13.55 price level, adding 16.0% to its value on the day. Hawaiian Electric Industries, Inc.’s shares saw a change of -4.51% in year-to-date performance and have moved -11.78% in past 5-day. Hawaiian Electric Industries, Inc. (NYSE:HE) showed a performance of 11.43% in past 30-days. Number of shares sold short was 15.88 million shares which calculate 2.36 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 29 to the stock, which implies a rise of 53.28% to its current value. Analysts have been projecting 16 as a low price target for the stock while placing it at a high target of 42. It follows that stock’s current price would drop -18.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -18.08% for stock’s current value.
Hawaiian Electric Industries, Inc. (HE) estimates and forecasts
This year revenue growth is estimated to fall -0.60% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 917.15M for the same. And 1 analysts are in estimates of company making revenue of 1.16B in the next quarter. Company posted 901.87M and 961.35M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.42% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -2.45% while estimates for its earnings growth in next 5 years are of 4.20%.
HE Dividends
Hawaiian Electric Industries, Inc. is more likely to be releasing its next quarterly report on September and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.66%, the share has a forward dividend of 0.36 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.46%.
Hawaiian Electric Industries, Inc. (NYSE:HE)’s Major holders
Insiders are in possession of 0.33% of company’s total shares while institution are holding 63.92 percent of that, with stock having share float percentage of 64.13%. Investors also watch the number of corporate investors in a company very closely, which is 63.92% institutions for Hawaiian Electric Industries, Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at HE for having 11.06 million shares of worth $124.64 million. And as of 2024-03-31, it was holding 10.034 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 6.71 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.0854 of outstanding shares, having a total worth of $75.59 million.
