Hawaiian Electric Industries (HE)

• Market cap: $1.7B
• 1 day: 1.86%
• 5 days: -2.56%
• 1 month: -5.64%
• 3 months: -9.94%
• 6 months: 6.47%
• Year to date: -35.84%
• 1 year: -28.46%
• 5 years: -79.16%
• 10 years: -70.14%
• Sector: Utilities
• Industry: Electric Services

About: Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai.

Employees: 3,706

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

72% more capital invested

Capital invested by funds: $667M [Q2] → $1.15B (+$481M) [Q3]

19% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 59

17% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 77

5.37% more ownership

Funds ownership: 66.82% [Q2] → 72.19% (+5.37%) [Q3]

4% more funds holding

Funds holding: 277 [Q2] → 288 (+11) [Q3]

25% less call options, than puts

Call options by funds: $26.6M | Put options by funds: $35.5M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 1% upside
• Avg. target: $10.75 9% upside
• High target: $11.50 16% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

Evercore ISI Group Durgesh Chopra 68% 1-year accuracy 13 / 19 met price target	1% upside $10	In-Line Maintained	19 Nov 2024
Wells Fargo Jonathan Reeder 36% 1-year accuracy 4 / 11 met price target	16% upside $11.50	Equal-Weight Maintained	30 Sept 2024