These Numbers Show Favorable Signs for Hawaiian Electric Industries, Inc. (HE)

Hawaiian Electric Industries, Inc. (NYSE: HE) is -18.11% lower on its value in year-to-date trading and has touched a low of $7.61 and a high of $18.19 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 $11.17 in the last trading session, with the day’s gains setting it 0.45%.

Currently trading at $11.62, the stock is 0.43% and -10.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing 4.03% at the moment leaves the stock -3.83% off its SMA200. HE registered -12.70% loss for a year compared to 6-month gain of 5.35%.

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The stock witnessed a -14.24% loss in the last 1 month and extending the period to 3 months gives it a 19.30%, and is 7.00% 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 5.34% over the week and 5.75% over the month.

Hawaiian Electric Industries, Inc. (HE) has around 3706 employees, a market worth around $1.28B and $3.66B in sales. Fwd P/E is 5.74. Profit margin for the company is -31.81%. Distance from 52-week low is 52.79% and -36.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.20%).

The EPS is expected to shrink by -2.45% this year.

Hawaiian Electric Industries, Inc. (HE) Top Institutional Holders

369.0 institutions hold shares in Hawaiian Electric Industries, Inc. (HE), with institutional investors hold 65.72% of the company’s shares. The shares outstanding are 110.15M, and float is at 109.90M with Short Float at 11.97%. Institutions hold 65.50% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.47 million shares valued at $103.46 million. The investor’s holdings represent 10.4065% of the HE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.21 million shares valued at $101.15 million to account for 10.1741 of the shares outstanding. The other top investors are AQR CAPITAL MANAGEMENT LLC which holds 6.69 million shares representing 6.0729% and valued at over $60.31 million, while STATE STREET CORP holds 2.5507 of the shares totaling 2.81 million with a market value of $25.36 million.