Hawaiian Electric Industries, Inc. (HE): These Numbers Show Where NYSE:HE Stock Is Going Next

Hawaiian Electric Industries, Inc. (NYSE: HE) is -28.75% 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 $10.23 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $10.11, the stock is 2.13% and -9.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing -1.17% at the moment leaves the stock -13.24% off its SMA200. HE registered -20.27% loss for a year compared to 6-month gain of -7.33%. The firm has a 50-day simple moving average (SMA 50) of $11.111 and a 200-day simple moving average (SMA200) of $11.65275.

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The stock witnessed a -7.76% loss in the last 1 month and extending the period to 3 months gives it a -32.64%, and is 3.91% 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 3.84% over the week and 4.29% over the month.

Hawaiian Electric Industries, Inc. (HE) has around 3706 employees, a market worth around $1.66B and $3.66B in sales. Fwd P/E is 7.78. Profit margin for the company is -31.81%. Distance from 52-week low is 32.94% and -44.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.20%).

with sales reaching $917.15M over the same period.The EPS is expected to shrink by -16.91% this year, but quarterly earnings will post 1.40% year-over-year. Quarterly sales are estimated to grow 1.70% in year-over-year returns.

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

370.0 institutions hold shares in Hawaiian Electric Industries, Inc. (HE), with institutional investors hold 44.39% of the company’s shares. The shares outstanding are 164.36M, and float is at 163.98M with Short Float at 9.53%. Institutions hold 44.29% 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.