Hawaiian Electric Industries Inc. [NYSE: HE] jumped around 0.48 points on Monday, while shares priced at $13.04 at the close of the session, up 3.82%. The company report on September 1, 2023 at 6:51 PM that Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.
S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.
Blackstone Inc. (NYSE:BX) and Airbnb Inc. (NASD:ABNB) will replace Lincoln National Corp. (NYSE:LNC) and Newell Brands Inc. (NASD:NWL) in the S&P 500 respectively, and Lincoln National and Newell Brands will replace UNIQURE N.V. (NASD:QURE) and Universal Insurance Holdings Inc. (NYSE:UVE) respectively in the S&P SmallCap 600.
Hawaiian Electric Industries Inc. stock is now -68.84% down from its year-to-date (YTD) trading value. HE Stock saw the intraday high of $13.36 and lowest of $12.31 per share. The company’s 52-week high price is 43.71, which means current price is +43.93% above from all time high which was touched on 02/02/23.
Compared to the average trading volume of 6.68M shares, HE reached a trading volume of 7494210 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Hawaiian Electric Industries Inc. [HE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HE shares is $9.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HE stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Hawaiian Electric Industries Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 18, 2023.
The Average True Range (ATR) for Hawaiian Electric Industries Inc. is set at 1.82, with the Price to Sales ratio for HE stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 2.90. Price to Free Cash Flow for HE in the course of the last twelve months was 4.42.
How has HE stock performed recently?
Hawaiian Electric Industries Inc. [HE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.36. With this latest performance, HE shares dropped by -60.22% in over the last four-week period, additionally sinking by -65.07% over the last 6 months – not to mention a drop of -67.15% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HE stock in for the last two-week period is set at 31.72, with the RSI for the last a single of trading hit 36.93, and the three-weeks RSI is set at 29.57 for Hawaiian Electric Industries Inc. [HE]. The present Moving Average for the last 50 days of trading for this stock 27.78, while it was recorded at 12.54 for the last single week of trading, and 36.53 for the last 200 days.
Hawaiian Electric Industries Inc. [HE]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Hawaiian Electric Industries Inc. [HE] shares currently have an operating margin of +10.18 and a Gross Margin at +10.34. Hawaiian Electric Industries Inc.’s Net Margin is presently recorded at +6.49.
Return on Total Capital for HE is now 7.13, given the latest momentum, and Return on Invested Capital for the company is 4.64. Return on Equity for this stock inclined to 10.43, with Return on Assets sitting at 1.49. When it comes to the capital structure of this company, Hawaiian Electric Industries Inc. [HE] has a Total Debt to Total Equity ratio set at 153.25. Additionally, HE Total Debt to Total Capital is recorded at 60.51, with Total Debt to Total Assets ending up at 20.58. Long-Term Debt to Equity for the company is recorded at 147.81, with the Long-Term Debt to Total Capital now at 57.47.
Reflecting on the efficiency of the workforce at the company, Hawaiian Electric Industries Inc. [HE] managed to generate an average of $64,704 per employee. Receivables Turnover for the company is 8.74 with a Total Asset Turnover recorded at a value of 0.23.
Earnings analysis for Hawaiian Electric Industries Inc. [HE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hawaiian Electric Industries Inc. go to 4.20%.
Insider trade positions for Hawaiian Electric Industries Inc. [HE]
The top three institutional holders of HE stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in HE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in HE stock with ownership which is approximately 5.7381%.