Symbols / HE
HE Chart
About
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility business in the United States. It operates through Electric Utility and Other segments. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai. This segment's renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
Fundamentals
Scroll to Statements| Sector | Utilities | Industry | Utilities - Regulated El | Market Cap | 2.72B |
| Enterprise Value | 5.20B | Income | 112.67M | Sales | 3.08B |
| Book/sh | 9.06 | Cash/sh | 3.18 | Dividend Yield | — |
| Payout | 0.00% | Employees | 2587 | IPO | — |
| P/E | 7.27 | Forward P/E | 16.16 | PEG | — |
| P/S | 0.88 | P/B | 1.74 | P/C | — |
| EV/EBITDA | 9.90 | EV/Sales | 1.69 | Quick Ratio | 0.74 |
| Current Ratio | 1.35 | Debt/Eq | 187.35 | LT Debt/Eq | — |
| EPS (ttm) | 2.17 | EPS next Y | 0.98 | EPS Growth | — |
| Revenue Growth | -5.10% | Earnings | 2026-02-27 | ROA | 1.06% |
| ROE | 7.02% | ROIC | — | Gross Margin | 18.89% |
| Oper. Margin | 6.69% | Profit Margin | 0.50% | Shs Outstand | 172.62M |
| Shs Float | 161.45M | Short Float | 11.94% | Short Ratio | 6.36 |
| Short Interest | — | 52W High | 17.38 | 52W Low | 9.06 |
| Beta | 0.64 | Avg Volume | 4.03M | Volume | 1.53M |
| Target Price | $12.00 | Recom | None | Prev Close | $15.68 |
| Price | $15.78 | Change | 0.64% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$12.00
Mean price target
2. Current target
$15.78
Latest analyst target
3. DCF / Fair value
$644.73
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$15.78
Low
$10.50
High
$13.00
Mean
$12.00
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-01-26 | main | Barclays | Equal-Weight → Equal-Weight | $13 |
| 2026-01-20 | down | Jefferies | Hold → Underperform | $13 |
| 2026-01-15 | main | Barclays | Equal-Weight → Equal-Weight | $11 |
| 2025-12-03 | main | Jefferies | Hold → Hold | $12 |
| 2025-07-10 | main | Barclays | Equal-Weight → Equal-Weight | $10 |
| 2025-05-28 | main | Jefferies | Hold → Hold | $11 |
| 2025-04-14 | main | Jefferies | Hold → Hold | $11 |
| 2025-03-04 | main | Barclays | Equal-Weight → Equal-Weight | $11 |
| 2025-02-27 | main | Wells Fargo | Equal-Weight → Equal-Weight | $13 |
| 2025-02-06 | init | Barclays | — → Equal-Weight | $10 |
| 2025-01-03 | main | Jefferies | Hold → Hold | $11 |
| 2024-11-19 | main | Evercore ISI Group | In-Line → In-Line | $10 |
| 2024-11-11 | main | Evercore ISI Group | In-Line → In-Line | $11 |
| 2024-09-30 | main | Wells Fargo | Equal-Weight → Equal-Weight | $12 |
| 2024-09-24 | main | Evercore ISI Group | In-Line → In-Line | $9 |
| 2024-08-23 | up | Wells Fargo | Underweight → Equal-Weight | $14 |
| 2024-08-14 | main | Evercore ISI Group | In-Line → In-Line | $16 |
| 2024-08-12 | main | Wells Fargo | Underweight → Underweight | $14 |
| 2024-08-05 | main | Evercore ISI Group | In-Line → In-Line | $16 |
| 2024-05-13 | main | Wells Fargo | Underweight → Underweight | $9 |
News
RSS: Latest HE news- Nvidia Earnings Get Rave Reviews on Wall Street. Why the Stock Isn’t Rallying. - Barron's hu, 26 Feb 2026 10
- Wall Street Says the Stock Market's Return in 2026 Will Crush the 30-Year Average - The Motley Fool hu, 26 Feb 2026 09
- Paramount Stock Price Targets Cut After Earnings, But All Eyes Are on Warner Bros. Chase - The Hollywood Reporter hu, 26 Feb 2026 12
- S&P 500 posts back-to-back gains, Dow jumps 300 points as Nvidia rises: Live updates - CNBC Wed, 25 Feb 2026 21
- Rolls-Royce stock has outperformed Nvidia’s in the last three years — and the gap is growing - MarketWatch hu, 26 Feb 2026 11
- Opinion | Banning stock trading for lawmakers is popular but unworkable - The Washington Post hu, 26 Feb 2026 07
- Stock market today: Dow, S&P 500, Nasdaq rally on tech jolt as Nvidia earnings loom - Yahoo Finance Wed, 25 Feb 2026 21
- When Extraterrestrials Attacked the Stock Market - Paul Krugman | Substack hu, 26 Feb 2026 11
- Why the best earnings season in years isn’t helping stocks rise - Los Angeles Times Wed, 25 Feb 2026 22
- One Of Warren Buffett's Last Moves as CEO of Berkshire Hathaway Was Selling the Stock That Made Him Rich - The Globe and Mail hu, 26 Feb 2026 13
- One Of Warren Buffett's Last Moves as CEO of Berkshire Hathaway Was Selling the Stock That Made Him Rich - The Motley Fool hu, 26 Feb 2026 12
- How one firm hit by AI fears is answering the pressure: stock buybacks and partnerships - MarketWatch hu, 26 Feb 2026 09
- C3.ai Stock Drops on Another Rough Quarter. The CEO Has More Work to Do. - Barron's Wed, 25 Feb 2026 22
- Opendoor Turns a Corner, but the Stock Is Still Down 86%. Is Now the Time to Buy? - The Motley Fool hu, 26 Feb 2026 05
- Nvidia’s blowout earnings are met with a shrug. What Wall Street is saying. - MarketWatch hu, 26 Feb 2026 12
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 11759 | — | — | Stock Gift at price 0.00 per share. | FOWLER PEGGY Y | Director | — | 2025-08-13 00:00:00 | D |
| 1 | 11759 | — | — | Stock Award(Grant) at price 0.00 per share. | FARGO THOMAS BOULTON | Director | — | 2025-06-30 00:00:00 | D |
| 2 | 11759 | — | — | Stock Award(Grant) at price 0.00 per share. | CONNORS CELESTE ANNE | Director | — | 2025-06-30 00:00:00 | D |
| 3 | 11759 | — | — | Stock Award(Grant) at price 0.00 per share. | KANE MICAH A. | Director | — | 2025-06-30 00:00:00 | D |
| 4 | 11759 | — | — | Stock Award(Grant) at price 0.00 per share. | FOWLER PEGGY Y | Director | — | 2025-06-30 00:00:00 | D |
| 5 | 11759 | — | — | Stock Award(Grant) at price 0.00 per share. | SCILACCI WILLIAM JAMES | Director | — | 2025-06-30 00:00:00 | D |
| 6 | 11759 | — | — | Stock Award(Grant) at price 0.00 per share. | FLORES ELISIA | Director | — | 2025-06-30 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 3.62M | 2.87M | 2.11M | 2.03M |
| TaxRateForCalcs | 0.26 | 0.19 | 0.20 | 0.20 |
| NormalizedEBITDA | -1.40B | 557.66M | 552.11M | 643.12M |
| TotalUnusualItems | 13.79M | 15.16M | 10.57M | 10.06M |
| TotalUnusualItemsExcludingGoodwill | 13.79M | 15.16M | 10.57M | 10.06M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -1.32B | 147.77M | 163.04M | 248.06M |
| ReconciledDepreciation | 282.97M | 270.19M | 260.74M | 251.21M |
| ReconciledCostOfRevenue | 4.93B | 3.01B | 3.14B | 2.46B |
| EBITDA | -1.39B | 572.83M | 562.68M | 653.18M |
| EBIT | -1.67B | 302.63M | 301.94M | 401.98M |
| NetInterestIncome | -102.38M | -111.23M | -99.99M | -91.11M |
| InterestExpense | 121.74M | 120.33M | 99.99M | 91.11M |
| InterestIncome | 19.36M | 9.11M | 0.00 | 0.00 |
| NormalizedIncome | -1.33B | 135.47M | 154.58M | 240.03M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -1.42B | 201.13M | 243.03M | 248.06M |
| TotalExpenses | 4.93B | 3.01B | 3.14B | 2.46B |
| TotalOperatingIncomeAsReported | -1.71B | 274.99M | 279.56M | 386.07M |
| DilutedAverageShares | 126.93M | 110.04M | 109.78M | 109.58M |
| BasicAverageShares | 126.93M | 109.74M | 109.43M | 109.28M |
| DilutedEPS | -11.23 | 1.81 | 2.20 | 2.25 |
| BasicEPS | -11.23 | 1.82 | 2.20 | 2.25 |
| DilutedNIAvailtoComStockholders | -1.43B | 199.24M | 241.14M | 246.17M |
| NetIncomeCommonStockholders | -1.43B | 199.24M | 241.14M | 246.17M |
| PreferredStockDividends | 1.89M | 1.89M | 1.89M | 1.89M |
| NetIncome | -1.42B | 201.13M | 243.03M | 248.06M |
| NetIncomeIncludingNoncontrollingInterests | -1.42B | 201.13M | 243.03M | 248.06M |
| NetIncomeDiscontinuousOperations | -103.49M | 53.36M | 79.99M | |
| NetIncomeContinuousOperations | -1.32B | 147.77M | 163.04M | 248.06M |
| TaxProvision | -470.96M | 34.53M | 38.91M | 62.81M |
| PretaxIncome | -1.79B | 182.30M | 201.95M | 310.86M |
| OtherIncomeExpense | 17.54M | 18.53M | 22.39M | 15.91M |
| OtherNonOperatingIncomeExpenses | 3.75M | 4.01M | 3.69M | 5.85M |
| SpecialIncomeCharges | 13.79M | 15.16M | 10.57M | 9.53M |
| GainOnSaleOfBusiness | 8.12M | 528.00K | ||
| OtherSpecialCharges | -13.79M | -15.16M | -10.57M | -9.53M |
| EarningsFromEquityInterest | 0.00 | -644.00K | 8.12M | |
| GainOnSaleOfSecurity | -15.61M | 8.12M | 528.00K | |
| NetNonOperatingInterestIncomeExpense | -102.38M | -111.23M | -99.99M | -91.11M |
| InterestExpenseNonOperating | 121.74M | 120.33M | 99.99M | 91.11M |
| InterestIncomeNonOperating | 19.36M | 9.11M | 0.00 | 0.00 |
| OperatingIncome | -1.71B | 274.99M | 279.56M | 386.07M |
| OperatingExpense | -15.16M | -10.57M | -9.53M | |
| OtherOperatingExpenses | -15.16M | -10.57M | -9.53M | |
| SellingGeneralAndAdministration | -4.77M | -4.41M | -5.85M | |
| GeneralAndAdministrativeExpense | -4.77M | -4.41M | -5.85M | |
| SalariesAndWages | -4.77M | -4.41M | -5.85M | |
| GrossProfit | -1.71B | 274.99M | 279.56M | 386.07M |
| CostOfRevenue | 4.93B | 3.01B | 3.14B | 2.46B |
| TotalRevenue | 3.22B | 3.29B | 3.42B | 2.85B |
| OperatingRevenue | 3.21B | 3.27B | 3.41B | 2.85B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 172.47M | 110.15M | 109.47M | 109.31M |
| ShareIssued | 172.47M | 110.15M | 109.47M | 109.31M |
| NetDebt | 2.10B | 2.60B | 3.05B | 2.16B |
| TotalDebt | 3.33B | 3.24B | 3.43B | 2.60B |
| TangibleBookValue | 1.48B | 2.34B | 2.12B | 2.31B |
| InvestedCapital | 4.33B | 5.19B | 5.46B | 4.86B |
| WorkingCapital | 809.74M | 977.04M | 7.61B | 5.53B |
| NetTangibleAssets | 1.51B | 2.38B | 2.12B | 2.31B |
| CapitalLeaseObligations | 483.12M | 401.23M | 175.31M | 136.76M |
| CommonStockEquity | 1.48B | 2.34B | 2.20B | 2.39B |
| PreferredStockEquity | 34.29M | 34.29M | ||
| TotalCapitalization | 4.20B | 5.21B | 5.28B | 4.80B |
| TotalEquityGrossMinorityInterest | 1.51B | 2.38B | 2.20B | 2.39B |
| StockholdersEquity | 1.51B | 2.38B | 2.20B | 2.39B |
| GainsLossesNotAffectingRetainedEarnings | 3.46M | -289.35M | -336.03M | -52.53M |
| OtherEquityAdjustments | 2.12M | 1.64M | 1.99M | -3.64M |
| MinimumPensionLiabilities | 1.34M | -8.03M | -9.12M | -16.86M |
| UnrealizedGainLoss | 0.00 | -282.96M | -328.90M | -32.04M |
| RetainedEarnings | -788.92M | 926.72M | 845.83M | 757.92M |
| CapitalStock | 2.30B | 1.74B | 1.69B | 1.69B |
| CommonStock | 2.26B | 1.71B | 1.69B | 1.69B |
| PreferredStock | 34.29M | 34.29M | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 7.42B | 14.86B | 14.08B | 13.43B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 6.09B | 5.07B | 13.64B | 13.15B |
| OtherNonCurrentLiabilities | 1.68B | 247.64M | 8.96B | 8.84B |
| PreferredSecuritiesOutsideStockEquity | 34.29M | 34.29M | 34.29M | |
| EmployeeBenefits | 23.21M | 78.20M | 71.81M | 348.07M |
| NonCurrentPensionAndOtherPostretirementBenefitPlans | 23.21M | 78.20M | 71.81M | 348.07M |
| NonCurrentDeferredLiabilities | 0.00 | 402.25M | 262.46M | 384.76M |
| NonCurrentDeferredTaxesLiabilities | 0.00 | 402.25M | 262.46M | 384.76M |
| LongTermDebtAndCapitalLeaseObligation | 3.17B | 3.23B | 3.26B | 2.55B |
| LongTermCapitalLeaseObligation | 483.12M | 401.23M | 175.31M | 136.76M |
| LongTermDebt | 2.69B | 2.83B | 3.08B | 2.41B |
| CurrentLiabilities | 1.32B | 9.80B | 445.36M | 279.43M |
| OtherCurrentLiabilities | 936.14M | 9.55B | ||
| CurrentDebtAndCapitalLeaseObligation | 157.79M | 16.50M | 172.57M | 54.00M |
| CurrentDebt | 157.79M | 16.50M | 172.57M | 54.00M |
| OtherCurrentBorrowings | 172.57M | 54.00M | ||
| PayablesAndAccruedExpenses | 230.66M | 227.24M | 272.79M | 225.43M |
| CurrentAccruedExpenses | 27.20M | 28.35M | 21.33M | 19.89M |
| InterestPayable | 27.20M | 28.35M | 21.33M | 19.89M |
| Payables | 203.45M | 198.88M | 251.46M | 205.54M |
| AccountsPayable | 203.45M | 198.88M | 251.46M | 205.54M |
| TotalAssets | 8.93B | 17.24B | 16.28B | 15.82B |
| TotalNonCurrentAssets | 6.80B | 6.47B | 8.23B | 10.02B |
| OtherNonCurrentAssets | 368.80M | 202.36M | 824.54M | 747.47M |
| InvestmentsAndAdvances | 1.22B | 1.28B | 3.11B | |
| OtherInvestments | 14.73M | 26.56M | 10.00M | |
| InvestmentinFinancialAssets | 1.20B | 1.25B | 3.10B | |
| HeldToMaturitySecurities | 1.20B | 1.25B | 522.27M | |
| AvailableForSaleSecurities | 1.43B | 2.57B | ||
| GoodwillAndOtherIntangibleAssets | 82.19M | 82.19M | 82.19M | |
| Goodwill | 82.19M | 82.19M | 82.19M | |
| NetPPE | 6.20B | 6.04B | 5.80B | 5.51B |
| AccumulatedDepreciation | -3.38B | -3.24B | -3.19B | -3.03B |
| GrossPPE | 9.58B | 9.28B | 9.00B | 8.54B |
| ConstructionInProgress | 366.41M | 320.23M | 293.05M | 231.50M |
| OtherProperties | 9.21B | 8.96B | 8.70B | 8.31B |
| CurrentAssets | 2.13B | 10.77B | 8.05B | 5.81B |
| OtherCurrentAssets | 434.30M | 400.07M | ||
| AssetsHeldForSaleCurrent | 0.00 | 9.57B | 824.00K | 10.40M |
| RestrictedCash | 492.32M | 15.03M | 5.05M | 5.91M |
| Receivables | 457.17M | 546.70M | 6.42B | 5.48B |
| LoansReceivable | 6.11B | 5.91B | 5.14B | |
| AccountsReceivable | 457.17M | 546.70M | 511.90M | 344.21M |
| CashCashEquivalentsAndShortTermInvestments | 750.53M | 244.09M | 1.63B | 305.55M |
| OtherShortTermInvestments | 1.14B | 1.43B | 2.57B | |
| CashAndCashEquivalents | 750.53M | 244.09M | 199.88M | 305.55M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 136.25M | 35.59M | -1.53M | -18.87M |
| RepaymentOfDebt | -85.12M | -191.09M | -52.67M | -50.00M |
| IssuanceOfDebt | 50.00M | 350.00M | 147.97M | 115.00M |
| IssuanceOfCapitalStock | 270.00K | 0.00 | 13.10M | 54.40M |
| CapitalExpenditure | -329.48M | -438.77M | -329.46M | -292.00M |
| EndCashPosition | 184.15M | 106.08M | 39.24M | 52.17M |
| OtherCashAdjustmentOutsideChangeinCash | 0.00 | -2.00M | 0.00 | -3.09M |
| BeginningCashPosition | 108.08M | 39.24M | 55.26M | 63.33M |
| ChangesInCash | 76.07M | 68.83M | -16.02M | -8.07M |
| FinancingCashFlow | -72.03M | 27.07M | -19.86M | 4.76M |
| CashFlowFromContinuingFinancingActivities | -72.03M | 27.07M | -19.86M | 4.76M |
| NetOtherFinancingCharges | -9.19M | -843.00K | -364.00K | -941.00K |
| CashDividendsPaid | -28.00M | -131.00M | -127.89M | -113.69M |
| PreferredStockDividendPaid | -2.00M | -2.00M | -2.00M | -2.00M |
| CommonStockDividendPaid | -26.00M | -129.00M | -125.90M | -111.70M |
| NetCommonStockIssuance | 270.00K | 0.00 | 13.10M | 54.40M |
| CommonStockIssuance | 270.00K | 0.00 | 13.10M | 54.40M |
| NetIssuancePaymentsOfDebt | -35.12M | 158.91M | 95.30M | 65.00M |
| NetShortTermDebtIssuance | 50.00M | -87.97M | 87.97M | -50.00M |
| ShortTermDebtPayments | 0.00 | -87.97M | 0.00 | -50.00M |
| ShortTermDebtIssuance | 50.00M | 0.00 | 87.97M | 0.00 |
| NetLongTermDebtIssuance | -85.12M | 246.87M | 7.33M | 115.00M |
| LongTermDebtPayments | -85.12M | -103.13M | -52.67M | 0.00 |
| LongTermDebtIssuance | 0.00 | 350.00M | 60.00M | 115.00M |
| InvestingCashFlow | -317.63M | -432.60M | -324.08M | -285.96M |
| CashFlowFromContinuingInvestingActivities | -317.63M | -432.60M | -324.08M | -285.96M |
| NetOtherInvestingChanges | 11.85M | 6.18M | 5.37M | 6.04M |
| NetInvestmentPurchaseAndSale | -11.79M | -997.43M | ||
| SaleOfInvestment | 528.99M | 865.95M | ||
| PurchaseOfInvestment | -540.79M | -1.86B | ||
| NetInvestmentPropertiesPurchaseAndSale | 3.81M | 0.00 | ||
| SaleOfInvestmentProperties | 3.81M | 0.00 | ||
| PurchaseOfInvestmentProperties | -16.13M | |||
| NetBusinessPurchaseAndSale | -25.71M | 0.00 | ||
| PurchaseOfBusiness | -25.71M | 0.00 | ||
| CapitalExpenditureReported | -329.48M | -438.77M | -329.46M | -292.00M |
| OperatingCashFlow | 465.73M | 474.37M | 327.93M | 273.13M |
| CashFlowFromContinuingOperatingActivities | 465.73M | 474.37M | 327.93M | 273.13M |
| ChangeInWorkingCapital | 1.92B | 24.65M | -66.64M | -139.30M |
| ChangeInOtherWorkingCapital | 1.75B | 28.15M | 77.25M | -25.37M |
| ChangeInOtherCurrentLiabilities | 39.22M | 46.28M | 40.06M | 10.20M |
| ChangeInOtherCurrentAssets | -22.74M | -10.61M | 34.60M | -13.87M |
| ChangeInPayablesAndAccruedExpense | 9.64M | 20.45M | 22.36M | 17.67M |
| ChangeInPayable | 9.64M | 20.45M | 22.36M | 17.67M |
| ChangeInAccountPayable | 9.64M | 20.45M | 22.36M | 17.67M |
| ChangeInPrepaidAssets | 41.33M | |||
| ChangeInInventory | 45.30M | 8.43M | -95.14M | -50.37M |
| ChangeInReceivables | 95.94M | -68.05M | -145.76M | -77.55M |
| ChangesInAccountReceivables | 88.38M | -65.00M | -91.74M | -50.09M |
| OtherNonCashItems | -32.01M | -26.03M | -21.71M | -16.77M |
| StockBasedCompensation | 10.37M | 9.13M | ||
| ProvisionandWriteOffofAssets | 2.04M | -25.82M | ||
| AssetImpairmentCharge | 4.72M | 8.16M | 6.03M | 2.18M |
| DeferredTax | -481.62M | 1.44M | -41.41M | -3.83M |
| DeferredIncomeTax | -481.62M | 1.44M | -41.41M | -3.83M |
| DepreciationAmortizationDepletion | 282.97M | 270.19M | 260.74M | 251.21M |
| DepreciationAndAmortization | 282.97M | 270.19M | 260.74M | 251.21M |
| AmortizationCashFlow | 31.83M | 26.49M | 25.32M | 21.74M |
| AmortizationOfIntangibles | 31.83M | 26.49M | 25.32M | 21.74M |
| Depreciation | 251.14M | 243.71M | 235.42M | 229.47M |
| OperatingGainsLosses | -8.12M | -528.00K | ||
| GainLossOnInvestmentSecurities | -8.12M | -528.00K | ||
| NetIncomeFromContinuingOperations | -1.22B | 195.95M | 190.92M | 179.64M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for HE
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|