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Hawaiian Electric Industries Inc. (HE) Analysis & Forecast for 2022

Hawaiian Electric Industries Inc. (NYSE: HE) is -4.87% lower on its value in year-to-date trading and has touched a low of $37.94 and a high of $45.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HE stock was last observed hovering at around $39.67 in the last trading session, with the day’s loss setting it -0.19% off its average median price target of $41.50 for the next 12 months. It is also 8.19% off the consensus price target high of $43.00 offered by 5 analysts, but current levels are 3.71% higher than the price target low of $41.00 for the same period.

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Currently trading at $39.48, the stock is -2.00% and -4.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.36 million and changing -0.48% at the moment leaves the stock -4.52% off its SMA200. HE registered -7.45% loss for a year compared to 6-month loss of -5.73%.

The stock witnessed a 2.44% gain in the last 1 month and extending the period to 3 months gives it a -11.20%, and is -1.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.60% over the week and 2.24% over the month.

Hawaiian Electric Industries Inc. (HE) has around 3597 employees, a market worth around $4.32B and $2.99B in sales. Current P/E ratio is 17.26 and Fwd P/E is 17.24. Profit margin for the company is 8.40%. Distance from 52-week low is 4.06% and -13.29% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).

Hawaiian Electric Industries Inc. (HE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Hawaiian Electric Industries Inc. (HE) is a “Hold”. 5 analysts offering their recommendations for the stock have an average rating of 3.20, where 4 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Hawaiian Electric Industries Inc. is expected to release its quarterly report on 11/04/2022.The EPS is expected to grow by 24.20% this year.

Hawaiian Electric Industries Inc. (HE) Top Institutional Holders

The shares outstanding are 109.36M, and float is at 108.35M with Short Float at 1.49%.

Hawaiian Electric Industries Inc. (HE) Insider Activity

A total of 28 insider transactions have happened at Hawaiian Electric Industries Inc. (HE) in the last six months, with sales accounting for 8 and purchases happening 20 times. The most recent transaction is an insider sale by Hazelton Gregory C,the company’sEVP & CFO. SEC filings show that Hazelton Gregory C sold 22,000 shares of the company’s common stock on May 19 at a price of $42.25 per share for a total of $0.93 million. Following the sale, the insider now owns 14576.0 shares.

Hawaiian Electric Industries Inc. disclosed in a document filed with the SEC on Dec 15 that LAU CONSTANCE H (President & CEO) sold a total of 31,000 shares of the company’s common stock. The trade occurred on Dec 15 and was made at $42.15 per share for $1.31 million. Following the transaction, the insider now directly holds 21825.0 shares of the HE stock.

Still, SEC filings show that on Dec 14, LAU CONSTANCE H (President & CEO) disposed off 4,000 shares at an average price of $41.53 for $0.17 million. The insider now directly holds 52,825 shares of Hawaiian Electric Industries Inc. (HE).

Hawaiian Electric Industries Inc. (HE): Who are the competitors?

The company’s main competitors (and peers) include General Electric Company (GE) that is trading -34.89% down over the past 12 months and OGE Energy Corp. (OGE) that is 14.50% higher over the same period. IDACORP Inc. (IDA) is 1.82% up on the 1-year trading charts.

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