Hawaiian Electric Industries, Inc. (HE)Utilities | Utilities - Regulated Electric | Honolulu, United States | NYSE
11.40 USD
-0.06
(-0.524%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 11.31 -0.09 (-0.090%) ⇩ (Aug. 28, 2026, 8 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 2:14 a.m. EDT
The investment case for Hawaiian Electric is currently fractured by a severe disconnect between its historical valuation and its recent performance reality. While the company trades at an attractive multiple relative to its depressed earnings, the multi-year price trajectory tells a different story: the stock has lost nearly 60% of its value over the last nine years, erasing decades of gains. This structural decline is the primary driver for a cautious stance; the market has clearly priced in significant, persistent challenges that outweigh the current cheapness of the valuation metrics. The recent news regarding renewable procurement and cost guidance offers a glimmer of hope, suggesting management is attempting to pivot the business model. However, the data indicates this turnaround is not yet reflected in the share price, which remains under heavy pressure. The options market confirms this pessimism, with traders aggressively buying puts to hedge against further drops rather than betting on a rebound. Until the price action stabilizes and shows a sustained recovery that validates the operational improvements, the risk of further downside remains high. The dividend provides some cushion, but it is not large enough to offset the capital loss potential in the current environment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.018995 |
| AutoETS | 0.019730 |
| AutoARIMA | 0.020004 |
| MSTL | 0.022229 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 2.16 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.004 |
| Excess Kurtosis | 0.79 |
| Attribute | Value |
|---|---|
| Sector | Utilities |
| Ex Dividend Date | 2023-08-16 |
| Last Dividend Date | 2023-08-16 |
| Debt to Equity Ratio | 158.868 |
| Revenue per Share | 19.016 |
| Market Cap | 1,969,099,136 |
| Trailing P/E | 8.84 |
| Forward P/E | 10.60 |
| Beta | 0.51 |
| Profit Margins | 6.82% |
| Website | https://www.hei.com |
As of Aug. 22, 2026, 2:14 a.m. EDT: Speculators are heavily positioned for downside protection, with out-of-the-money put open interest significantly outweighing call open interest across nearly all expirations. The massive concentration of put volume at strikes like $10.00 and $12.50 suggests a strong consensus expectation of further price weakness or a need for deep insurance against a drop below current levels. Conversely, call positioning is sparse and skewed toward very distant strikes ($17.50-$25.00), indicating a lack of near-term bullish conviction.
| Date | Dividend | Yield % |
|---|---|---|
| 2023-08-17 | 0.360 | 2.992519 |
| 2023-05-18 | 0.360 | 1.000278 |
| 2023-02-22 | 0.360 | 0.872516 |
| 2022-11-21 | 0.350 | 0.883392 |
| 2022-08-17 | 0.350 | 0.808688 |
| 2022-05-19 | 0.350 | 0.831947 |
| 2022-02-23 | 0.350 | 0.872165 |
| 2021-11-22 | 0.340 | 0.850425 |
| 2021-08-18 | 0.340 | 0.760967 |
| 2021-05-19 | 0.340 | 0.774311 |
| 2021-02-24 | 0.340 | 0.986938 |
| 2020-11-19 | 0.330 | 0.896495 |
| 2020-08-20 | 0.330 | 0.954309 |
| 2020-05-21 | 0.330 | 0.879062 |
| 2020-02-25 | 0.330 | 0.686499 |
| 2019-11-21 | 0.320 | 0.731429 |
| 2019-08-21 | 0.320 | 0.717489 |
| 2019-05-22 | 0.320 | 0.763905 |
| 2019-02-25 | 0.320 | 0.838794 |
| 2018-11-20 | 0.310 | 0.823811 |
| 2018-08-20 | 0.310 | 0.871521 |
| 2018-05-22 | 0.310 | 0.927866 |
| 2018-02-21 | 0.310 | 0.933735 |
| 2017-11-21 | 0.310 | 0.841020 |
| 2017-08-21 | 0.310 | 0.940249 |
| 2017-05-22 | 0.310 | 0.960645 |
| 2017-02-22 | 0.310 | 0.949464 |
| 2016-11-18 | 0.310 | 1.043771 |
| 2016-08-22 | 0.310 | 1.030585 |
| 2016-05-26 | 0.310 | 0.952967 |
| 2016-02-18 | 0.310 | 1.048714 |
| 2015-11-19 | 0.310 | 1.097345 |
| 2015-08-20 | 0.310 | 1.036443 |
| 2015-05-20 | 0.310 | 1.000000 |
| 2015-02-20 | 0.310 | 0.930651 |
| 2014-11-19 | 0.310 | 1.136364 |
| 2014-08-20 | 0.310 | 1.274147 |
| 2014-05-20 | 0.310 | 1.309122 |
| 2014-02-21 | 0.310 | 1.228209 |
| 2013-11-18 | 0.310 | 1.180503 |
| 2013-08-19 | 0.310 | 1.221434 |
| 2013-05-20 | 0.310 | 1.115911 |
| 2013-02-19 | 0.310 | 1.135947 |
| 2012-11-15 | 0.310 | 1.291667 |
| 2012-08-13 | 0.310 | 1.129738 |
| 2012-05-17 | 0.310 | 1.181853 |
| 2012-02-16 | 0.310 | 1.213307 |
| 2011-11-17 | 0.310 | 1.215210 |
| 2011-08-11 | 0.310 | 1.372289 |
| 2011-05-18 | 0.310 | 1.218075 |
| 2011-02-17 | 0.310 | 1.260675 |
| 2010-11-10 | 0.310 | 1.368653 |
| 2010-08-19 | 0.310 | 1.297614 |
| 2010-05-19 | 0.310 | 1.383929 |
| 2010-02-18 | 0.310 | 1.557007 |
| 2009-11-12 | 0.310 | 1.627297 |
| 2009-08-20 | 0.310 | 1.759364 |
| 2009-05-19 | 0.310 | 1.887942 |
| 2009-02-26 | 0.310 | 2.139407 |
| 2008-11-13 | 0.310 | 1.125227 |
| 2008-08-14 | 0.310 | 1.233585 |
| 2008-05-14 | 0.310 | 1.186376 |
| 2008-02-28 | 0.310 | 1.342573 |
| 2007-11-13 | 0.310 | 1.429230 |
| 2007-08-16 | 0.310 | 1.483254 |
| 2007-05-11 | 0.310 | 1.221916 |
| 2007-02-22 | 0.310 | 1.153703 |
| 2006-11-13 | 0.310 | 1.150278 |
| 2006-08-11 | 0.310 | 1.143911 |
| 2006-05-11 | 0.310 | 1.181402 |
| 2006-02-21 | 0.310 | 1.169811 |
| 2005-11-17 | 0.310 | 1.192308 |
| 2005-08-08 | 0.310 | 1.161049 |
| 2005-05-06 | 0.310 | 1.239504 |
| 2005-02-14 | 0.310 | 1.112307 |
| 2004-11-08 | 0.310 | 1.073036 |
| 2004-08-06 | 0.310 | 1.222880 |
| 2004-05-06 | 0.310 | 1.257351 |
| 2004-02-09 | 0.310 | 1.213307 |
| 2003-11-06 | 0.310 | 1.371681 |
| 2003-08-07 | 0.310 | 1.487524 |
| 2003-05-08 | 0.310 | 1.524465 |
| 2003-02-10 | 0.310 | 1.550000 |
| 2002-11-07 | 0.310 | 1.352531 |
| 2002-08-08 | 0.310 | 1.414556 |
| 2002-05-08 | 0.310 | 1.303068 |
| 2002-02-11 | 0.310 | 1.469891 |
| 2001-11-08 | 0.310 | 1.620915 |
| 2001-08-08 | 0.310 | 1.574004 |
| 2001-05-08 | 0.310 | 1.708460 |
| 2001-02-12 | 0.310 | 1.680217 |
| 2000-11-09 | 0.310 | 1.854206 |
| 2000-08-08 | 0.310 | 1.922481 |
| 2000-05-08 | 0.310 | 1.661642 |
| 2000-02-14 | 0.310 | 2.110638 |
| 1999-11-08 | 0.310 | 1.878788 |
| 1999-08-06 | 0.310 | 1.768271 |
| 1999-05-06 | 0.310 | 1.743409 |
| 1999-02-12 | 0.310 | 1.780969 |
| 1998-11-06 | 0.310 | 1.552426 |
| 1998-08-06 | 0.310 | 1.658863 |
| 1998-05-07 | 0.310 | 1.584665 |
| 1998-02-13 | 0.310 | 1.550000 |
| 1997-11-06 | 0.305 | 1.651438 |
| 1997-08-07 | 0.305 | 1.688581 |
| 1997-05-08 | 0.305 | 1.781022 |
| 1997-05-05 | 0.305 | 1.761733 |
| 1997-02-10 | 0.305 | 1.706294 |
| 1996-11-07 | 0.305 | 1.659864 |
| 1996-08-08 | 0.300 | 1.745455 |
| 1996-05-08 | 0.300 | 1.764706 |
| 1996-02-12 | 0.300 | 1.558442 |
| 1995-11-09 | 0.300 | 1.548387 |
| 1995-08-08 | 0.295 | 1.685714 |
| 1995-05-04 | 0.295 | 1.703971 |
| 1995-02-09 | 0.295 | 1.748148 |
| 1994-11-04 | 0.295 | 1.850980 |
| 1994-08-04 | 0.290 | 1.805447 |
| 1994-05-04 | 0.290 | 1.712177 |
| 1994-02-04 | 0.290 | 1.764259 |
| 1993-11-04 | 0.290 | 1.633803 |
| 1993-08-04 | 0.285 | 1.525084 |
| 1993-05-04 | 0.285 | 1.688889 |
| 1993-02-04 | 0.285 | 1.556314 |
| 1992-11-04 | 0.285 | 1.438486 |
| 1992-08-04 | 0.280 | 1.283668 |
| 1992-05-05 | 0.280 | 1.518644 |
| 1992-02-06 | 0.280 | 1.566434 |
| 1991-11-05 | 0.280 | 1.539519 |
| 1991-08-06 | 0.275 | 1.623616 |
| 1991-05-06 | 0.275 | 1.588448 |
| 1991-02-05 | 0.275 | 1.712062 |
| 1990-11-06 | 0.275 | 1.929825 |
| 1990-08-06 | 0.270 | 1.763265 |
| 1990-05-04 | 0.270 | 1.600000 |
| 1990-02-06 | 0.270 | 1.494810 |
| 1989-11-07 | 0.270 | 1.464407 |
| 1989-08-07 | 0.255 | 1.472924 |
| 1989-05-08 | 0.255 | 1.658537 |
| 1989-02-06 | 0.255 | 1.665306 |
| 1988-10-31 | 0.255 | 1.789474 |
| 1988-08-01 | 0.240 | 1.699115 |
| 1988-05-02 | 0.240 | 1.505882 |
| 1988-02-01 | 0.240 | 1.613445 |
| 1987-11-04 | 0.240 | 1.891626 |
| 1987-08-04 | 0.225 | 1.585903 |
| 1987-05-04 | 0.225 | 1.512605 |
| 1987-02-02 | 0.225 | 1.348315 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.0701468 |
| Address1 | 1,001 Bishop Street |
| Address2 | Suite 2900 |
| All Time High | 55.15 |
| All Time Low | 3.53125 |
| Ask | 11.42 |
| Ask Size | 2,800 |
| Audit Risk | 6 |
| Average Daily Volume10 Day | 2,101,910 |
| Average Daily Volume3 Month | 1,842,247 |
| Average Volume | 1,842,247 |
| Average Volume10Days | 2,101,910 |
| Beta | 0.512 |
| Bid | 11.41 |
| Bid Size | 2,700 |
| Board Risk | 2 |
| Book Value | 10.206 |
| City | Honolulu |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 2 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 11.4 |
| Current Ratio | 0.986 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 11.5995 |
| Day Low | 11.315 |
| Debt To Equity | 158.868 |
| Display Name | Hawaiian Electric Industries |
| Dividend Date | 1,694,131,200 |
| Earnings Call Timestamp End | 1,786,134,600 |
| Earnings Call Timestamp Start | 1,786,134,600 |
| Earnings Growth | 3.733 |
| Earnings Quarterly Growth | 3.723 |
| Earnings Timestamp | 1,786,132,800 |
| Earnings Timestamp End | 1,794,600,000 |
| Earnings Timestamp Start | 1,794,600,000 |
| Ebitda | 514,832,000 |
| Ebitda Margins | 0.15684 |
| Enterprise To Ebitda | 8.801 |
| Enterprise To Revenue | 1.38 |
| Enterprise Value | 4,531,022,336 |
| Eps Current Year | 0.8235 |
| Eps Forward | 1.075 |
| Eps Trailing Twelve Months | 1.29 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,692,230,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 12.7702 |
| Fifty Day Average Change | -1.3702002 |
| Fifty Day Average Change Percent | -0.10729669 |
| Fifty Two Week Change Percent | -7.01468 |
| Fifty Two Week High | 17.38 |
| Fifty Two Week High Change | -5.9799995 |
| Fifty Two Week High Change Percent | -0.34407362 |
| Fifty Two Week Low | 10.79 |
| Fifty Two Week Low Change | 0.60999966 |
| Fifty Two Week Low Change Percent | 0.056533795 |
| Fifty Two Week Range | 10.79 - 17.38 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 99,153,000,000 |
| Five Year Avg Dividend Yield | 4.48 |
| Float Shares | 172,068,183 |
| Forward Eps | 1.075 |
| Forward P E | 10.6046505 |
| Free Cashflow | 324,624,384 |
| Full Exchange Name | NYSE |
| Full Time Employees | 2,659 |
| Fullday Change | -0.0600004 |
| Fullday Change Percent | -0.523564 |
| Fullday Price | 11.31 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.17581 |
| Gross Profits | 577,096,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00306 |
| Held Percent Institutions | 0.87969 |
| Implied Shares Outstanding | 172,728,004 |
| Industry | Utilities - Regulated Electric |
| Industry Disp | Utilities - Regulated Electric |
| Industry Key | utilities-regulated-electric |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,692,230,400 |
| Last Dividend Value | 0.36 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,087,171,200 |
| Last Split Factor | 2:1 |
| Long Business Summary | Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. In addition, the company serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii. |
| Long Name | Hawaiian Electric Industries, Inc. |
| Market | us_market |
| Market Cap | 1,969,099,136 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_277854 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 224,014,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,979,462,925 |
| Number Of Analyst Opinions | 3 |
| Open | 11.51 |
| Operating Cashflow | -143,712,000 |
| Operating Margins | 0.045450002 |
| Overall Risk | 1 |
| Payout Ratio | 0.0 |
| Peg Ratio | 7.23 |
| Phone | 808 543 5662 |
| Post Market Change | -0.0899992 |
| Post Market Change Percent | -0.7894667 |
| Post Market Price | 11.31 |
| Post Market Time | 1,787,961,600 |
| Previous Close | 11.46 |
| Price Eps Current Year | 13.843351 |
| Price Hint | 2 |
| Price To Book | 1.11699 |
| Price To Sales Trailing12 Months | 0.5998625 |
| Profit Margins | 0.06824 |
| Quick Ratio | 0.598 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.0600004 |
| Regular Market Change Percent | -0.523564 |
| Regular Market Day High | 11.5995 |
| Regular Market Day Low | 11.315 |
| Regular Market Day Range | 11.315 - 11.5995 |
| Regular Market Open | 11.51 |
| Regular Market Previous Close | 11.46 |
| Regular Market Price | 11.4 |
| Regular Market Time | 1,787,947,202 |
| Regular Market Volume | 1,788,044 |
| Return On Assets | 0.01627 |
| Return On Equity | 0.13448 |
| Revenue Growth | 0.259 |
| Revenue Per Share | 19.016 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Utilities |
| Sector Disp | Utilities |
| Sector Key | utilities |
| Share Holder Rights Risk | 2 |
| Shares Outstanding | 172,728,004 |
| Shares Percent Shares Out | 0.0992 |
| Shares Short | 17,130,493 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 16,196,758 |
| Short Name | Hawaiian Electric Industries, I |
| Short Percent Of Float | 0.1368 |
| Short Ratio | 9.49 |
| Source Interval | 15 |
| State | HI |
| Symbol | HE |
| Target High Price | 12.0 |
| Target Low Price | 11.75 |
| Target Mean Price | 11.91667 |
| Target Median Price | 12.0 |
| Total Cash | 238,732,000 |
| Total Cash Per Share | 1.382 |
| Total Debt | 2,800,655,104 |
| Total Revenue | 3,282,584,064 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 1.29 |
| Trailing P E | 8.83721 |
| Trailing Peg Ratio | 7.2348 |
| Triggerable | 1 |
| Two Hundred Day Average | 13.74045 |
| Two Hundred Day Average Change | -2.3404503 |
| Two Hundred Day Average Change Percent | -0.17033288 |
| Type Disp | Equity |
| Volume | 1,788,044 |
| Website | https://www.hei.com |
| Zip | 96,813 |