Hawaiian Electric Industries, Inc. (NYSE:HE)’s traded shares stood at 1.29 million during the last session, with the company’s beta value hitting 0.53. At the close of trading, the stock’s price was $11.28, to imply a decrease of -2.76% or -$0.32 in intraday trading. The HE share’s 52-week high remains $18.19, putting it -61.26% down since that peak but still an impressive 32.54% since price per share fell to its 52-week low of $7.61. The company has a valuation of $1.24B, with an average of 2.36 million shares in intraday trading volume over the past 10 days and average of 4.44 million shares over the past 3 months.
Analysts have given a consensus recommendation of Sell for Hawaiian Electric Industries, Inc. (HE), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 1 analyst(s) give HE a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.57.
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Hawaiian Electric Industries, Inc. (NYSE:HE) trade information
After registering a -2.76% downside in the last session, Hawaiian Electric Industries, Inc. (HE) has traded red over the past five days. The 5-day price performance for the stock is -7.62%, and -14.93% over 30 days. With these gigs, the year-to-date price performance is -20.51%. Short interest in Hawaiian Electric Industries, Inc. (NYSE:HE) saw shorts transact 14.02 million shares and set a 2.55 days time to cover.
The extremes give us $14 and $16 for target low and target high price respectively. As such, HE has been trading -41.84% off suggested target high and -24.11% from its likely low.
Hawaiian Electric Industries, Inc. (HE) estimates and forecasts
The rating firms project that company’s revenue will grow 1.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 917.15M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 1.16B.Earnings reports from the last fiscal year show that sales brought in 901.87M and 961.35M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.70% before jumping 20.80% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -0.42% for the past 5-year period. While 2024 is set for a -2.45% return in earnings, projections for the next 5 years are at 4.20% annually.
HE Dividends
Hawaiian Electric Industries, Inc. has its next earnings report out in October. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 4.47%.
Hawaiian Electric Industries, Inc. (NYSE:HE)’s Major holders
Hawaiian Electric Industries, Inc. insiders hold 0.33% of total outstanding shares, with institutional holders owning 65.50% of the shares at 65.72% float percentage. In total, 65.50% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 11.47 million shares (or 10.4065% of shares), all amounting to roughly $103.46 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 11.21 million shares, or about 10.1741% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $101.15 million.
