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 | 7.24 | 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) | 2.18 | 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 | 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- S&P 500 posts back-to-back gains, Dow jumps 300 points as Nvidia rises: Live updates - CNBC Wed, 25 Feb 2026 21
- Stock market today: Dow, S&P 500, Nasdaq rally on tech jolt as Nvidia earnings loom - Yahoo Finance Wed, 25 Feb 2026 21
- Why the Stock Market’s Shift to Value Could Mean Lower Returns - Barron's Wed, 25 Feb 2026 14
- Snowflake’s stock dips as the software company gives a mixed outlook - MarketWatch Wed, 25 Feb 2026 23
- Trump's State of the Union insider trading push isn't reform | Opinion - USA Today hu, 26 Feb 2026 00
- Why the best earnings season in years isn’t helping stocks rise - Los Angeles Times Wed, 25 Feb 2026 22
- The Trade Desk Stock Has Been Absolutely Pummeled This Year. Is it Finally Time to Buy? - The Motley Fool hu, 26 Feb 2026 02
- Bleak Research Report Stokes A.I. Debate on Wall St. - The New York Times - The New York Times Wed, 25 Feb 2026 22
- LSEG under pressure on AI and margins as Elliott weighs in - Reuters Wed, 25 Feb 2026 20
- How CEO Changes Are Affecting Stock Performance - The Villanovan Wed, 25 Feb 2026 12
- Opinion | Banning stock trading for lawmakers is popular but unworkable - The Washington Post hu, 26 Feb 2026 04
- Nvidia earnings live: Nvidia stock pops as earnings beat, guidance stifles some AI concerns - Yahoo Finance Wed, 25 Feb 2026 22
- Up More Than 70% in 12 Months, Is It Too Late to Buy Alphabet Stock? - The Motley Fool hu, 26 Feb 2026 02
- Lucid Sheds Workers. The Stock Is Down After Earnings. - Barron's Wed, 25 Feb 2026 11
- Here’s what CoreWeave’s earnings need to show for the stock to soar further - MarketWatch Wed, 25 Feb 2026 15
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 |
|---|