In the latest trading session, 0.83 million Hawaiian Electric Industries, Inc. (NYSE:HE) shares changed hands as the company’s beta touched 0.58. With the company’s most recent per share price at $12.64 changed hands at -$0.73 or -5.46% at last look, the market valuation stands at $1.39B. HE’s current price is a discount, trading about -43.91% off its 52-week high of $18.19. The share price had its 52-week low at $7.61, which suggests the last value was 39.79% up since then. When we look at Hawaiian Electric Industries, Inc.’s average trading volume, we note the 10-day average is 3.66 million shares, with the 3-month average coming to 4.14 million.
Analysts gave the Hawaiian Electric Industries, Inc. (HE) stock a consensus recommendation rating of Sell, calculated at a mean rating of 3.67. If we narrow down to specifics, the data shows that 1 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended HE as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Hawaiian Electric Industries, Inc.’s EPS for the current quarter is expected to be 0.57.
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Hawaiian Electric Industries, Inc. (NYSE:HE) trade information
Instantly HE was in red as seen in intraday trades today. With action -4.68%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -10.92%, with the 5-day performance at -4.68% in the red. However, in the 30-day time frame, Hawaiian Electric Industries, Inc. (NYSE:HE) is -27.81% down. Looking at the short shares, we see there were 15.88 million shares sold at short interest cover period of 2.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 29, meaning bulls need an upside of 56.41% from its recent market value. According to analyst projections, HE’s forecast low is 16 with 42 as the target high. To hit the forecast high, the stock’s price needs a -232.28% plunge from its current level, while the stock would need to soar -26.58% for it to hit the projected low.
Hawaiian Electric Industries, Inc. (HE) estimates and forecasts
Year-over-year growth is forecast to reach 1.40% 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 917.15M. 1 analysts are of the opinion that Hawaiian Electric Industries, Inc.’s revenue for the current quarter will be 1.16B. The company’s revenue for the corresponding quarters a year ago was 901.87M and 961.35M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.70%. The estimates for the next quarter sales put growth at 20.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.42%. The 2024 estimates are for Hawaiian Electric Industries, Inc. earnings to decrease by -2.45%, 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 on 2024-Nov-07. The 2.85% annual yield figure for the share gives it an annual dividend of 0.36. It is important to note, however, that the 2.85% 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. During the past 5 years, the average dividend yield was 4.46 per year.
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 65.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.52%. There are 65.30% institutions holding the Hawaiian Electric Industries, Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-03-31, the company held 10.034% of the shares, roughly 11.06 million HE shares worth $124.64 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.0854% or 6.71 million shares worth $75.59 million as of 2024-03-31.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 3.43 shares estimated at $44.0 million under it, the former controlled 3.11% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.54% of the shares, roughly 2.8 shares worth around $35.97 million.
