In yesterday’s Wall Street session, Hawaiian Electric Industries Inc. (NYSE:HE) shares traded at $13.18, up 0.92% from the previous session.
4 analysts cover Hawaiian Electric Industries Inc. (NYSE:HE), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $8.00, we find $8.50. Given the previous closing price of $13.06, this indicates a potential downside of -34.92 percent. HE stock price is now -48.25% away from the 50-day moving average and -63.23% away from the 200-day moving average. The market capitalization of the company currently stands at $1.46B.
The stock has received a hold rating from 3 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $9.17 as their price target over the next twelve months.
With the price target reduced from $25 to $8, Wells Fargo Upgraded its rating from Underweight to Equal Weight for Hawaiian Electric Industries Inc. (NYSE: HE).
In other news, RUSSELL KEITH P, Director sold 10,000 shares of the company’s stock on Mar 08. The stock was sold for $392,120 at an average price of $39.21. Upon completion of the transaction, the Director now directly owns 23,447 shares in the company, valued at $0.31 million. Insiders disposed of 28,583 shares of company stock worth roughly $0.38 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HE stock. A new stake in Hawaiian Electric Industries Inc. shares was purchased by NATIONAL BANK OF CANADA /FI/ during the first quarter worth $721,000. ELEMENT CAPITAL MANAGEMENT LLC invested $693,000 in shares of HE during the first quarter. In the first quarter, PROSTATIS GROUP LLC acquired a new stake in Hawaiian Electric Industries Inc. valued at approximately $388,000. STATE OF TENNESSEE, TREASURY DEPARTMENT acquired a new stake in HE for approximately $369,000. CORNERCAP INVESTMENT COUNSEL INC purchased a new stake in HE valued at around $353,000 in the second quarter. In total, there are 441 active investors with 58.10% ownership of the company’s stock.
On Tuesday morning Hawaiian Electric Industries Inc. (NYSE: HE) stock kicked off with the opening price of $13.01. During the past 12 months, Hawaiian Electric Industries Inc. has had a low of $9.06 and a high of $43.71. According to the stock market information, the enterprise value for the company is $4.73B, which is based on a 6.33 price-to-earnings ratio, a 1.51 price-to-earnings-growth ratio, and a beta of 0.52. The fifty day moving average price for HE is $25.00 and a two-hundred day moving average price translates $35.71 for the stock.
The latest earnings results from Hawaiian Electric Industries Inc. (NYSE: HE) was released for Jun, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.5, missing analysts’ expectations of $0.52 by -0.02. This compares to $0.48 EPS in the same period last year. The net profit margin was 5.90% and return on equity was 10.30% for HE. The company reported revenue of $895.68 million for the quarter, compared to $895.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.01 percent. For the current quarter, analysts expect HE to generate $863.19M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2023. Investors who held shares on 08/18/2023 were paid a $0.36 dividend.
