Currently, there are 110.15M common shares owned by the public and among those 109.90M shares have been available to trade.
The company’s stock has a 5-day price change of 67.88% and 71.50% over the past three months. HE shares are trading 23.40% year to date (YTD), with the 12-month market performance down to -54.66% lower. It has a 12-month low price of $7.61 and touched a high of $40.16 over the same period. HE has an average intraday trading volume of 3.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 80.29%, 71.77%, and 47.22% respectively.
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Institutional ownership of Hawaiian Electric Industries, Inc. (NYSE: HE) shares accounts for 57.57% of the company’s 110.15M shares outstanding.
It has a market capitalization of $1.93B and a beta (3y monthly) value of 0.59. The stock’s trailing 12-month PE ratio is 10.33, while the earnings-per-share (ttm) stands at $1.70. The company has a PEG of 2.46 and a Quick Ratio of 3.14 with the debt-to-equity ratio at 1.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.55% over the week and 7.32% over the month.
Earnings per share for the fiscal year are expected to decrease by -2.44%, and 7.54% over the next financial year. EPS should grow at an annualized rate of 4.20% over the next five years, compared to -0.42% over the past 5-year period.
Looking at the support for the HE, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on November 10, 2023, with the firm’s price target at $8-$8.50. Wells Fargo coverage for the Hawaiian Electric Industries, Inc. (HE) stock in a research note released on August 18, 2023 offered a Equal Weight rating with a price target of $8. BofA Securities was of a view on August 18, 2022 that the stock is Underperform, while Guggenheim gave the stock Neutral rating on January 20, 2022, issuing a price target of $41. Evercore ISI on their part issued In-line rating on May 11, 2021.
