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 | 2.71B |
| Enterprise Value | 5.19B | Income | 112.67M | Sales | 3.08B |
| Book/sh | 9.06 | Cash/sh | 3.18 | Dividend Yield | — |
| Payout | 0.00% | Employees | 2587 | IPO | — |
| P/E | 7.22 | Forward P/E | 16.05 | PEG | — |
| P/S | 0.88 | P/B | 1.73 | P/C | — |
| EV/EBITDA | 9.87 | EV/Sales | 1.68 | 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 | 12.42% | Short Ratio | 5.93 |
| Short Interest | — | 52W High | 17.38 | 52W Low | 9.06 |
| Beta | 0.64 | Avg Volume | 4.03M | Volume | 646.24K |
| Target Price | $12.00 | Recom | None | Prev Close | $15.68 |
| Price | $15.67 | Change | -0.05% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$12.00
Mean price target
2. Current target
$15.67
Latest analyst target
3. DCF / Fair value
$644.73
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$15.67
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- Stocks rise, adding to Tuesday's comeback as Nvidia and Oracle shares gain: Live updates - CNBC Wed, 25 Feb 2026 19
- Earnings live: Circle stock soars, First Solar and Lowe's fall on guidance misses - Yahoo Finance Wed, 25 Feb 2026 17
- Why the Stock Market’s Shift to Value Could Mean Lower Returns - Barron's Wed, 25 Feb 2026 14
- 5 Things to Know Before the Stock Market Opens - Investopedia Wed, 25 Feb 2026 13
- How CEO Changes Are Affecting Stock Performance - The Villanovan Wed, 25 Feb 2026 12
- How the New York Stock Exchange deploys Anthropic's Claude - American Banker Wed, 25 Feb 2026 17
- Short-seller Andrew Left's new target is a memory stock he says investors are wrongly valuing like it's the next Nvidia - Business Insider Wed, 25 Feb 2026 15
- RKLB Q4 Earnings Loom: Should You Buy the Stock Ahead of Results? - Zacks Investment Research Wed, 25 Feb 2026 14
- Here’s what CoreWeave’s earnings need to show for the stock to soar further - MarketWatch Wed, 25 Feb 2026 15
- Workday Earnings Beat Estimates. Why the Stock Is Tanking. - Barron's Wed, 25 Feb 2026 14
- Michael Burry Says Palantir Is Worth $46. The Stock Trades at $130. Who’s Right? - Yahoo Finance Wed, 25 Feb 2026 14
- Nvidia's Earnings Could Be a Make or Break Moment for the Stock Market - Investopedia Wed, 25 Feb 2026 17
- HP Earnings Beat Expectations. Why the Stock Is Dropping. - Barron's Wed, 25 Feb 2026 14
- Salesforce Earnings Today: What It Means for the Stock - Barron's Wed, 25 Feb 2026 15
- Circle Internet Stock Surges After Earnings. What Crypto Worries? - Barron's Wed, 25 Feb 2026 18
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 |
|---|