Hawaiian Electric Industries (HE)

• Market cap: $1.65B
• 1 day: 4.70%
• 5 days: 14.75%
• 1 month: -3.33%
• 3 months: -3.33%
• 6 months: -36.24%
• Year to date: 1.27%
• 1 year: -25.12%
• 5 years: -79.93%
• 10 years: -72.13%
• Sector: Utilities
• Industry: Electric Services

About: Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and owns a 10% minority interest in 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)

70% more capital invested

Capital invested by funds: $678M [Q2] → $1.15B (+$473M) [Q3]

32% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 53

17% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 77

4.41% more ownership

Funds ownership: 67.97% [Q2] → 72.38% (+4.41%) [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 4% upside
• Avg. target: $10.25 7% upside
• High target: $10.50 10% upside

2 analyst ratings

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

Jefferies Julien Dumoulin-Smith 52% 1-year accuracy 37 / 71 met price target	10% upside $10.50	Hold Maintained	3 Jan 2025
Evercore ISI Group Durgesh Chopra 58% 1-year accuracy 14 / 24 met price target	4% upside $10	In-Line Maintained	19 Nov 2024