In yesterday’s Wall Street session, Hawaiian Electric Industries, Inc. (NYSE:HE) shares traded at $11.61, down -17.13% from the previous session.
4 analysts cover Hawaiian Electric Industries, Inc. (NYSE:HE), according to research data. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $8.50 and a low of $7.00, we find $7.00. Given the previous closing price of $14.01, this indicates a potential downside of -50.04 percent. HE stock price is now -9.30% away from the 50-day moving average and -61.80% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
The stock has received a hold rating from 2 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $7.50 as their price target over the next twelve months.
With the price target enhanced from $8 to $8.50, Wells Fargo Downgraded its rating from Equal Weight to Underweight 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 $0.27 million. Insiders disposed of 28,583 shares of company stock worth roughly $0.33 million over the past 1 year. A total of 0.31% of the company’s stock is owned by insiders.
On Friday morning Hawaiian Electric Industries, Inc. (NYSE: HE) stock kicked off with the opening price of $12.69. During the past 12 months, Hawaiian Electric Industries, Inc. has had a low of $9.06 and a high of $43.71. As of last week, the company has a debt-to-equity ratio of 1.58, a current ratio of 2.19, and a quick ratio of 2.19. According to the stock market information, the enterprise value for the company is $4.56B, which is based on a 6.14 price-to-earnings ratio, a 1.46 price-to-earnings-growth ratio, and a beta of 0.58. The fifty day moving average price for HE is $12.75 and a two-hundred day moving average price translates $30.24 for the stock.
The latest earnings results from Hawaiian Electric Industries, Inc. (NYSE: HE) was released for Sep, 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 5.55% and return on equity was 10.14% 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.
Hawaiian Electric Industries, Inc.(HE) Company Profile
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and non-regulated renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates through three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates branches in Oahu, Maui, Hawaii, Kauai, and Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.
