Hawaiian Electric Industries, Inc. (NYSE: HE) is -31.22% 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 $9.77 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $9.76, the stock is -8.92% and -22.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.0 million and changing -0.10% at the moment leaves the stock -17.90% off its SMA200. HE registered -16.30% loss for a year compared to 6-month gain of -10.54%. The firm has a 50-day simple moving average (SMA 50) of $12.3846 and a 200-day simple moving average (SMA200) of $11.86785.
The stock witnessed a -13.17% loss in the last 1 month and extending the period to 3 months gives it a 26.10%, and is -1.91% 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 5.02% over the week and 5.81% over the month.
Hawaiian Electric Industries, Inc. (HE) has around 3706 employees, a market worth around $1.60B and $3.66B in sales. Fwd P/E is 7.51. Profit margin for the company is -31.81%. Distance from 52-week low is 28.34% and -46.34% 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 -16.91% 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 44.09% of the company’s shares. The shares outstanding are 164.36M, and float is at 163.79M with Short Float at 6.91%. Institutions hold 44.00% 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.
Hawaiian Electric Industries, Inc. (HE) Insider Activity
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