In the latest trading session, 0.4 million shares of the Hawaiian Electric Industries, Inc. (NYSE:HE) were traded, and its beta was 0.54. Most recently the company’s share price was $11.71, and it changed around $0.09 or 0.77% from the last close, which brings the market valuation of the company to $1.29B. HE currently trades at a discount to its 52-week high of $18.19, offering almost -55.34% off that amount. The share price’s 52-week low was $7.61, which indicates that the current value has risen by an impressive 35.01% since then. We note from Hawaiian Electric Industries, Inc.’s average daily trading volume that its 10-day average is 2.44 million shares, with the 3-month average coming to 4.43 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.
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Hawaiian Electric Industries, Inc. (NYSE:HE) trade information
Instantly HE has showed a green trend with a performance of 0.77% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.15 on recent trading dayincreased the stock’s daily price by 3.62%. The company’s shares are currently down -17.48% year-to-date, but still up 7.04% over the last five days. On the other hand, Hawaiian Electric Industries, Inc. (NYSE:HE) is -13.32% down in the 30-day period. We can see from the shorts that 13.16 million shares have been sold at a short interest cover period of 4.31 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 21.93% 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
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 on 2024-Nov-07. The average dividend yield for the past five years averaged 4.47 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 65.50% of them are in the hands of institutional investors. The stock currently has a share float of 65.72%. Hawaiian Electric Industries, Inc. stock is held by 369.0 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 3.51 shares worth $41.38 million, making up 3.18% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.12 shares worth around $36.86 million, which represents about 2.83% of the total shares outstanding.
