Currently, there are 164.36M common shares owned by the public and among those 163.98M shares have been available to trade.
The company’s stock has a 5-day price change of 1.72% and -39.77% over the past three months. HE shares are trading -29.03% year to date (YTD), with the 12-month market performance down to -24.68% lower. It has a 12-month low price of $7.61 and touched a high of $18.19 over the same period. HE has an average intraday trading volume of 3.98 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 2.34%, -5.29%, and -12.51% respectively.
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Institutional ownership of Hawaiian Electric Industries, Inc. (NYSE: HE) shares accounts for 49.01% of the company’s 164.36M shares outstanding.
It has a market capitalization of $1.66B and a beta (3y monthly) value of 0.55. The earnings-per-share (ttm) stands at -$10.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.84% over the week and 3.88% over the month.
Earnings per share for the fiscal year are expected to decrease by -16.91%, and -23.30% over the next financial year. EPS should shrink at an annualized rate of -6.95% 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 Equal Weight rating for the stock in a research note on August 23, 2024, with the firm’s price target at $14. Wells Fargo coverage for the Hawaiian Electric Industries, Inc. (HE) stock in a research note released on November 10, 2023 offered a Underweight rating with a price target of $8.50. Wells Fargo was of a view on August 18, 2023 that the stock is Equal Weight, while BofA Securities gave the stock Underperform rating on August 18, 2022, issuing a price target of $43. Guggenheim on their part issued Neutral rating on January 20, 2022.
