Hawaiian Electric Industries Inc. (HE) Is A Stock You Should Watch


As of Wednesday close, Hawaiian Electric Industries Inc.’s (NYSE:HE) stock was up $0.24, moving up 0.60 percent to $40.27. The average number of shares traded per day over the past five days has been 300,100 shares. 5 times new highs have been achieved over the past 5 days, with a $1.19 gain in that time frame. In the last twenty days, the average volume was 349,635, while in the previous 50 days, it was 380,684.

Since last month, HE stock rose 10.09%. Shares of the company fell to $35.57 on 10/24/22, the lowest level in the past month. A 52-week high of $44.72 was reached on 04/20/22 after having rallying from a 52-week low of $33.18. Since the beginning of this year, HE’s stock price has dropped by -2.96% or -$1.23, and marked a new high 14 times. However, the stock has declined by -9.95% since its 52-week high.

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HE stock investors should be aware that Hawaiian Electric Industries Inc. (HE) stock had its last reported insider trading activity 189 days ago on May 19. Hazelton Gregory C, the EVP & CFO of the company, disposed of 22,000 shares for $42.25 on May 19. It resulted in a $929,500 divestment by the insider. LAU CONSTANCE H sold 31,000 shares at an average price of $42.15 on Dec 15. The insider now owns 21,825 shares following the transaction. On Dec 14, President & CEO LAU CONSTANCE H sold 4,000 shares at $41.53 apiece. The transaction was valued at $166,120.

Valuation Metrics

Right now, Hawaiian Electric Industries Inc. (HE) has a P/E ratio of about 18.52. The stock’s beta is 0.39. Besides these, the trailing price-to-sales (P/S) ratio of 1.24, the price-to-book (PB) ratio of 2.04.

The latest dividend of $0.35 per share was paid out, remained unchanged from last year’s $0.35. On Friday February 11 2022, a $0.01 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.34, and the total debt-to-equity ratio was 1.41. On the profitability front, the trailing twelve-month gross margin is 10.80% percent. In the year ended June 29, operating margins totaled 10.80%. Based on annual data, HE earned $386.07 million in gross profit and brought in $2.85 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.70%. Return on equity (ROE) for the past 12 months was 10.50%.

In Hawaiian Electric Industries Inc.’s quarter-end financial report for June 29, it reported total debt of $2.43 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HE’s revenue rose 27.37% to $895.61 million during the quarter, while net income inched up to $1.04 billion. While analysts expected Hawaiian Electric Industries Inc. to report $0.51 quarterly earnings, the actual figure was $0.48 per share, beating the consensus estimate by -5.90%. During the quarter, the company generated $175.86 million in EBITDA. The liabilities of Hawaiian Electric Industries Inc. were 14.1 billion at the end of its most recent quarter ended June 29, and its total debt was $2.88 billion. The value of shareholders’ equity is $109.47 million.

Technical Picture

This quick technical analysis looks at Hawaiian Electric Industries Inc.’s (HE) price momentum. With a historical volatility rate of 15.92%, the RSI 9-day stood at 71.03% on 23 November.

With respect to its five-day moving average, the current Hawaiian Electric Industries Inc. price is up by +3.05% percent or $1.19. At present, HE shares trade +9.67% above its 20-day simple moving average and -0.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.71% above its SMA50 and -4.98% below its SMA200.

Stochastic coefficient K was 94.76% and Stochastic coefficient D was 90.31%, while ATR was 0.78. Given the Stochastic reading of 98.25% for the 14-day period, the RSI (14) reading has been calculated as 65.79%. As of today, the MACD Oscillator reading stands at 0.53, while the 14-day reading stands at 0.98.

Analyst Ratings

Hawaiian Electric Industries Inc. downgraded its rating on Hawaiian Electric Industries Inc. (NYSE: HE) to an Underperform in a note to investors on August 18, 2022. The analysts firm previously had a Neutral rating on the stock.Hawaiian Electric Industries Inc. (HE) has been rated Underweight by analysts. According to 1 brokerage firm, HE is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Hawaiian Electric Industries Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $36.00, the current consensus forecast for the stock is $33.00 – $36.00. Based on these forecasts, analysts predict Hawaiian Electric Industries Inc. (HE) will achieve an average price target of $35.25.


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