| Indicators | Browse All

Hawaiian Electric Industries, Inc. (HE)

Utilities | Utilities - Regulated Electric | Honolulu, United States | NYSE
13.50 USD -0.07 (-0.516%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 13.50
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | July 11, 2026, 4:57 a.m. EDT

The investment case here is fundamentally broken despite the low share price. The business has suffered a catastrophic multi-year decline, dropping nearly 70% over the last nine years with four consecutive years of negative annual returns. This is not a temporary dip; it is a structural deterioration where the market has correctly priced out the business quality. The valuation metrics, while appearing cheap (low P/E), are a reflection of this implosion, not a margin of safety. The balance sheet is strained with debt-to-equity nearing 180%, and growth has stalled completely. While the dividend offers a modest yield, it cannot compensate for the erosion of principal or the lack of capital appreciation potential. The options market confirms this pessimism, with traders aggressively buying insurance against further drops. There is no clear path to recovery visible in the data, making this a security to avoid.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.073470
AutoARIMA0.089749
AutoETS0.091268
MSTL0.092834
MSTL_1260.149180
MSTL_900.156787
MSTL_90_1260.199222

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 31%
H-stat 7.99
Ljung-Box p 0.000
Jarque-Bera p 0.017
Excess Kurtosis -1.02
Attribute Value
Sector Utilities
Ex Dividend Date 2023-08-16
Last Dividend Date 2023-08-16
Debt to Equity Ratio 179.955
Revenue per Share 17.899
Market Cap 2,330,580,736
Trailing P/E 18.24
Forward P/E 11.97
Beta 0.51
Profit Margins 4.11%
Website https://www.hei.com

As of July 11, 2026, 4:57 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 10.0 and 7.5) compared to negligible call volume at those levels. While there is some call activity at higher strikes (17.5-20.0), the overwhelming capital allocation is in put writing and buying, suggesting a consensus expectation of continued weakness or a 'capitulation' bottom rather than a rally.

Dividend Data

Dividend History
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
Additional Data
exDividendDate 2023-08-17
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.36
lastDividendDate 2023-08-17
dividendDate 2023-09-08

Info Dump

Attribute Value
52 Week Change 0.2777778
Address1 1,001 Bishop Street
Address2 Suite 2900
All Time High 55.15
All Time Low 3.53125
Ask 13.68
Ask Size 1,100
Audit Risk 6
Average Analyst Rating 3.7 - Underperform
Average Daily Volume10 Day 1,814,040
Average Daily Volume3 Month 1,847,606
Average Volume 1,847,606
Average Volume10Days 1,814,040
Beta 0.511
Bid 13.55
Bid Size 1,000
Board Risk 2
Book Value 9.485
City Honolulu
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 13.5
Current Ratio 1.338
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 13.77
Day Low 13.475
Debt To Equity 179.955
Display Name Hawaiian Electric Industries
Dividend Date 1,694,131,200
Earnings Call Timestamp End 1,786,132,800
Earnings Call Timestamp Start 1,786,132,800
Earnings Growth 0.176
Earnings Quarterly Growth 0.142
Earnings Timestamp 1,786,132,800
Earnings Timestamp End 1,786,132,800
Earnings Timestamp Start 1,786,132,800
Ebitda 527,527,008
Ebitda Margins 0.17076
Enterprise To Ebitda 9.145
Enterprise To Revenue 1.562
Enterprise Value 4,824,263,680
Eps Current Year 0.97267
Eps Forward 1.128
Eps Trailing Twelve Months 0.74
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 13.6998
Fifty Day Average Change -0.19979954
Fifty Day Average Change Percent -0.014584121
Fifty Two Week Change Percent 27.777779
Fifty Two Week High 17.38
Fifty Two Week High Change -3.8799992
Fifty Two Week High Change Percent -0.22324507
Fifty Two Week Low 10.45
Fifty Two Week Low Change 3.0500002
Fifty Two Week Low Change Percent 0.29186606
Fifty Two Week Range 10.45 - 17.38
Financial Currency USD
First Trade Date Milliseconds 99,153,000,000
Five Year Avg Dividend Yield 4.48
Float Shares 171,976,156
Forward Eps 1.128
Forward P E 11.968085
Free Cashflow 101,446,624
Full Exchange Name NYSE
Full Time Employees 2,659
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.18431999
Gross Profits 569,408,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00306
Held Percent Institutions 0.85105
Implied Shares Outstanding 172,635,624
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 2,330,580,736
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_277854
Most Recent Quarter 1,774,915,200
Net Income To Common 126,899,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 2,342,665,417
Number Of Analyst Opinions 3
Open 13.55
Operating Cashflow 402,439,008
Operating Margins 0.07269
Overall Risk 1
Payout Ratio 0.0
Peg Ratio 2.33
Phone 808 543 5662
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 13.5
Post Market Time 1,783,987,191
Previous Close 13.57
Price Eps Current Year 13.879322
Price Hint 2
Price To Book 1.4233
Price To Sales Trailing12 Months 0.75441074
Profit Margins 0.041079998
Quick Ratio 0.662
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key underperform
Recommendation Mean 3.66667
Region US
Regular Market Change -0.0699997
Regular Market Change Percent -0.515842
Regular Market Day High 13.77
Regular Market Day Low 13.475
Regular Market Day Range 13.475 - 13.77
Regular Market Open 13.55
Regular Market Previous Close 13.57
Regular Market Price 13.5
Regular Market Time 1,783,972,802
Regular Market Volume 1,210,532
Return On Assets 0.016239999
Return On Equity 0.07987
Revenue Growth 0.003
Revenue Per Share 17.899
Sand P52 Week Change 0.20847368
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Share Holder Rights Risk 2
Shares Outstanding 172,635,624
Shares Percent Shares Out 0.094
Shares Short 16,233,585
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 15,700,878
Short Name Hawaiian Electric Industries, I
Short Percent Of Float 0.12979999
Short Ratio 8.64
Source Interval 15
State HI
Symbol HE
Target High Price 13.5
Target Low Price 11.75
Target Mean Price 12.75
Target Median Price 13.0
Total Cash 452,840,000
Total Cash Per Share 2.623
Total Debt 2,946,522,880
Total Revenue 3,089,273,088
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.74
Trailing P E 18.243242
Trailing Peg Ratio 2.3276
Triggerable 1
Two Hundred Day Average 13.54665
Two Hundred Day Average Change -0.046649933
Two Hundred Day Average Change Percent -0.003443651
Type Disp Equity
Volume 1,210,532
Website https://www.hei.com
Zip 96,813