Hawaiian Electric Industries, Inc.’s (NYSE: HE) Stock Prices May Increase Drastically In The Near Future.

In the last trading session, 2.33 million shares of the Hawaiian Electric Industries, Inc. (NYSE:HE) were traded, and its beta was 0.57. Most recently the company’s share price was $10.90, and it changed around -$0.54 or -4.72% from the last close, which brings the market valuation of the company to $1.20B. HE currently trades at a discount to its 52-week high of $18.19, offering almost -66.88% off that amount. The share price’s 52-week low was $7.61, which indicates that the current value has risen by an impressive 30.18% since then. We note from Hawaiian Electric Industries, Inc.’s average daily trading volume that its 10-day average is 2.97 million shares, with the 3-month average coming to 4.29 million.

Hawaiian Electric Industries, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 2 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended HE as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Hawaiian Electric Industries, Inc. is expected to report earnings per share of 0.57 for the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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

Instantly HE has showed a red trend with a performance of -4.72% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 12.12 on recent trading dayincreased the stock’s daily price by 10.07%. The company’s shares are currently down -23.19% year-to-date, but still down -9.17% over the last five days. On the other hand, Hawaiian Electric Industries, Inc. (NYSE:HE) is -33.33% down in the 30-day period. We can see from the shorts that 15.88 million shares have been sold at a short interest cover period of 2.36 day(s).

The consensus price target as assigned by Wall Street analysts is $15, which translates to bulls needing to increase their stock price by 27.33% from its current value. Analyst projections state that HE is forecast to be at a low of $14 and a high of $16.

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

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 1.80% in revenue this quarter, and will report an increase of 4.20% in the next quarter. The year-over-year growth rate is expected to be 1.40%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 917.15M in revenue for the current quarter. 1 analysts expect Hawaiian Electric Industries, Inc. to make 1.16B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 901.87M and 961.35M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.70%. Forecasts for the next quarter put sales growth at 20.80%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.42%. Hawaiian Electric Industries, Inc. earnings are expected to increase by -2.45% in 2024, but the outlook is positive 4.20% per year for the next five years.

HE Dividends

Hawaiian Electric Industries, Inc.’s next quarterly earnings report is expected to be released in September. The average dividend yield for the past five years averaged 4.46 per year.

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

Upon looking at major shareholders, it appears that insiders hold 0.33% of Hawaiian Electric Industries, Inc. shares, and 65.38% of them are in the hands of institutional investors. The stock currently has a share float of 65.59%. Hawaiian Electric Industries, Inc. stock is held by 366.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.4065% of the shares, which is about 11.47 million shares worth $103.46 million.

BLACKROCK INC., with 10.1741% or 11.21 million shares worth $101.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.