During the last session, Hawaiian Electric Industries, Inc. (NYSE:HE)’s traded shares were 2.48 million, with the beta value of the company hitting 0.58. At the end of the trading day, the stock’s price was $10.73, reflecting an intraday loss of -2.01% or -$0.22. The 52-week high for the HE share is $18.19, that puts it down -69.52 from that peak though still a striking 29.08% gain since the share price plummeted to a 52-week low of $7.61. The company’s market capitalization is $1.18B, and the average intraday trading volume over the past 10 days was 2.69 million shares, and the average trade volume was 4.27 million shares over the past three months.
Hawaiian Electric Industries, Inc. (HE) received a consensus recommendation of Sell from analysts. That translates to a mean rating of 3.00. HE has a Sell rating from 1 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.57.
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Hawaiian Electric Industries, Inc. (NYSE:HE) trade information
Hawaiian Electric Industries, Inc. (HE) registered a -2.01% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.01% in intraday trading to $10.73, hitting a weekly high. The stock’s 5-day price performance is -7.82%, and it has moved by -35.75% in 30 days. Based on these gigs, the overall price performance for the year is -21.28%. The short interest in Hawaiian Electric Industries, Inc. (NYSE:HE) is 14.02 million shares and it means that shorts have 2.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 28.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14 and $16 respectively. As a result, HE is trading at a discount of -49.11% off the target high and -30.48% off the low.
Hawaiian Electric Industries, Inc. (HE) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 1.80% this quarter and then jump 4.20% in the quarter after that. In the rating firms’ projections, revenue will increase 1.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 917.15M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.16B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 901.87M and 961.35M respectively. In this case, analysts expect current quarter sales to grow by 1.70% and then jump by 20.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.42%. While earnings are projected to return -2.45% in 2024, the next five years will return 4.20% per annum.
HE Dividends
Hawaiian Electric Industries, Inc. is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 4.46%.
Hawaiian Electric Industries, Inc. (NYSE:HE)’s Major holders
Hawaiian Electric Industries, Inc. insiders own 0.33% of total outstanding shares while institutional holders control 65.42%, with the float percentage being 65.64%. VANGUARD GROUP INC is the largest shareholder of the company, while 368.0 institutions own stock in it. As of 2024-06-30, the company held over 11.47 million shares (or 10.4065% of all shares), a total value of $103.46 million in shares.
The next largest institutional holding, with 11.21 million shares, is of BLACKROCK INC.’s that is approximately 10.1741% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $101.15 million.
