Hawaiian Electric Industries, Inc. (NYSE: HE) is -22.48% lower on its value in year-to-date trading and has touched a low of $9.06 and a high of $40.16 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 $11.04 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $11.00, the stock is -4.99% and -12.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -0.36% at the moment leaves the stock -40.76% off its SMA200. HE registered -69.55% loss for a year compared to 6-month gain of -12.63%. The firm has a 50-day simple moving average (SMA 50) of $0.93 and a 200-day simple moving average (SMA200) of $5.39.
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The stock witnessed a -13.11% loss in the last 1 month and extending the period to 3 months gives it a -21.20%, and is 0.82% up 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 4.13% over the week and 3.39% over the month.
Hawaiian Electric Industries, Inc. (HE) has around 3706 employees, a market worth around $1.21B and $3.69B in sales. Current P/E ratio is 6.07 and Fwd P/E is 5.06. Profit margin for the company is 5.40%. Distance from 52-week low is 21.41% and -72.61% from its 52-week high. The company has generated returns on investments over the last 12 months (3.13%).
Hawaiian Electric Industries, Inc. quarterly earnings per share for the current quarter are estimated at $0.47 with sales reaching $943.44M over the same period.The EPS is expected to grow by 0.98% this year, but quarterly earnings will post 6.10% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.
Hawaiian Electric Industries, Inc. (HE) Top Institutional Holders
371 institutions hold shares in Hawaiian Electric Industries, Inc. (HE), with institutional investors hold 60.87% of the company’s shares. The shares outstanding are 110.15M, and float is at 109.74M with Short Float at 14.53%. Institutions hold 60.67% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 10.9 million shares valued at $119.88 million. The investor’s holdings represent 9.89% of the HE Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 6.23 million shares valued at $68.56 million to account for 5.66% of the shares outstanding. The other top investors are AQR Capital Management, LLC which holds 4.68 million shares representing 4.25% and valued at over $51.49 million, while Morgan Stanley holds 4.19% of the shares totaling 4.62 million with a market value of $50.81 million.
