Hawaiian Electric Industries, Inc. (HE)

NYSE: HE · IEX Real-Time Price · USD
17.51
+4.76 (37.33%)
At close: Jul 19, 2024, 4:00 PM
17.31
-0.20 (-1.14%)
Pre-market: Jul 22, 2024, 5:35 AM EDT
37.33%
Market Cap 1.93B
Revenue (ttm) 3.65B
Net Income (ttm) 186.64M
Shares Out 110.30M
EPS (ttm) 1.69
PE Ratio 10.36
Forward PE 8.25
Dividend $0.36 (2.06%)
Ex-Dividend Date Aug 17, 2023
Volume 23,218,847
Open 17.62
Previous Close 12.75
Day's Range 16.54 - 50.00
52-Week Range 7.61 - 40.16
Beta 0.58
Analysts Sell
Price Target 9.13 (-47.86%)
Earnings Date Aug 9, 2024

About HE

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in 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... [Read more]

Industry Utilities-Regulated Electric
Sector Utilities
Founded 1891
Employees 3,706
Stock Exchange NYSE
Ticker Symbol HE
Full Company Profile

Financial Performance

In 2023, HE's revenue was $3.68 billion, a decrease of -1.60% compared to the previous year's $3.74 billion. Earnings were $199.24 million, a decrease of -17.38%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for HE stock is "Sell." The 12-month stock price forecast is $9.13, which is a decrease of -47.86% from the latest price.

Price Target
$9.13
(-47.86% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Reports of a Wildfire Settlement Deal Have Hawaiian Electric Stock Flying

Hawaiian Electric Industries (HE) and others have reached a tentative deal to pay more than $4 billion to settle lawsuits related to wildfires that ravaged Maui in 2023, according to a Bloomberg repor...

2 days ago - Investopedia

Hawaiian Electric stock rallies on report of Maui wildfire settlement

Hawaiian Electric Industries Inc.'s stock is rallying by about 37% in premarket trading Friday after Bloomberg reported the company is near a settlement for hundreds of lawsuits filed after the wildfi...

2 days ago - Market Watch

Hawaiian Electric, others agree to proposed $4 bln Maui wildfire deal, Bloomberg reports

Hawaiian Electric Industries and other defendants in lawsuits over the Maui wildfires in Hawaii have tentatively agreed to pay more than $4 billion in settlement amount, Bloomberg News reported on Thu...

3 days ago - Reuters

Hawaiian Electric Industries to Announce Second Quarter 2024 Results August 9; American Savings Bank to Announce Second Quarter 2024 Results July 30

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries to Announce Second Quarter 2024 Results August 9; American Savings Bank to Announce Second Quarter 2024 Results July 30.

5 days ago - Business Wire

Hawaii Public Utilities Commission Approves Hawaiian Electric's $250M Utility Accounts Receivable Credit Facility

HONOLULU--(BUSINESS WIRE)--Hawaii Public Utilities Commission Approves Hawaiian Electric's $250M Utility Accounts Receivable Credit Facility.

23 days ago - Business Wire

HEI Reports First Quarter 2024 Results

HONOLULU--(BUSINESS WIRE)--HEI Reports First Quarter 2024 Results.

2 months ago - Business Wire

American Savings Bank Reports First Quarter 2024 Financial Results

HONOLULU--(BUSINESS WIRE)--American Savings Bank Reports First Quarter 2024 Financial Results.

2 months ago - Business Wire

Hawaiian Electric weighing sale of American Savings Bank, Bloomberg News reports

Hawaiian Electric Industries is weighing the sale of its American Savings Bank FSB, Bloomberg News reported on Thursday citing people familiar with the matter.

3 months ago - Reuters

Hawaiian Electric Industries to Announce First Quarter 2024 Results May 10; American Savings Bank to Announce First Quarter 2024 Results April 30

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric Industries to Announce First Quarter 2024 Results May 10; American Savings Bank to Announce First Quarter 2024 Results April 30.

3 months ago - Business Wire

Hawaiian Electric urges Hawaii Island customers to conserve power

Hawaiian Electric urged Hawaii Island's residential and business customers to conserve electricity use on Monday due to several large generators being unavailable.

3 months ago - Reuters

Public utilities fall short on wildfire mitigation, putting residents and shareholders at risk

CNBC found evidence of safety shortcomings in the public utility sector and a lack of state oversight.

Other symbols: PCG
5 months ago - CNBC

American Savings Bank Reports Fourth Quarter and Full Year 2023 Financial Results

HONOLULU--(BUSINESS WIRE)--American Savings Bank Reports Fourth Quarter and Full Year 2023 Financial Results.

6 months ago - Business Wire

HEI to Announce Fourth Quarter and Full Year 2023 Results February 13; American Savings Bank to Announce 2023 Results January 30

HONOLULU--(BUSINESS WIRE)--HEI to Announce Fourth Quarter and Full Year 2023 Results February 13; American Savings Bank to Announce 2023 Results January 30.

6 months ago - Business Wire

Hawaiian Electric pushes ahead with plan to retire aging fossil-fuel generators

Electricity provider Hawaiian Electric on Monday said it was advancing a plan to replace six fossil-fuel generators at a major power plant with renewable energy sources as it transitions to cleaner po...

7 months ago - Reuters

Hawaiian Electric's Waiau Repower Project Selected

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric's Waiau repower project selected.

7 months ago - Business Wire

HAWAIIAN ELECTRIC ALERT: Bragar Eagel & Squire, P.C. is Investigating Hawaiian Electric Industries, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Hawaiian Electric Industries, Inc. (NYSE: HE...

8 months ago - Business Wire

HEI Reports Third Quarter 2023 Results

HONOLULU--(BUSINESS WIRE)--HEI Reports Third Quarter 2023 Results.

9 months ago - Business Wire

Hawaiian Electric supports One ‘Ohana Initiative with statewide partners to aid healing, path forward for Hawai'i

HONOLULU--(BUSINESS WIRE)--Hawaiian Electric supports One ‘Ohana Initiative with statewide partners to aid healing, path forward for Hawai'i.

9 months ago - Business Wire

Hawaiian Electric discussing new policy to mitigate wildfire risks

Utility firm Hawaiian Electric Industries said on Friday it was in discussions with the government and other parties to implement a new policy to de-energize power lines as a preventive measure to mit...

9 months ago - Reuters

American Savings Bank Reports Third Quarter 2023 Financial Results

HONOLULU--(BUSINESS WIRE)--American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported third quarter 2023 net income of $11.4 milli...

9 months ago - Business Wire

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Hawaiian Electric Investors of a Lead Plaintiff Deadline of October 23, 2023

NEW YORK , Oct. 23, 2023 /PRNewswire/ -- Attention Hawaiian Electric Industries, Inc. ("Hawaiian Electric") (NYSE: HE) shareholders: The Law Offices of Vincent Wong announce that a class action lawsui...

9 months ago - PRNewsWire

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Hawaiian Electric Industries, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 23, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hawaiian Electric Industries, ...

9 months ago - Accesswire

HE DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Hawaiian Electric Industries, Inc. Investors to Secure Counsel Before Important October 23 Deadline in Securities Class Action – HE

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Hawaiian Electric Industries, Inc. (NYSE: HE) between February 28, 2019 and Augus...

9 months ago - Business Wire

FINAL DEADLINE MONDAY: The Schall Law Firm Encourages Investors in Hawaiian Electric Industries, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Hawaiian Electric Industries, ...

9 months ago - Accesswire

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Hawaiian Electric Industries, Inc. (HE)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 23, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of invest...

9 months ago - Business Wire