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NYSE · Utilities - Regulated Electric · USD

Hawaiian Electric Industries, Inc. (HE) Stock Analysis

Hawaiian Electric Industries, Inc. (HE) is a Utilities - Regulated Electric stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

HE

$8.72

−$0.11 (−1.25%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HE Key Statistics

As of Oct 21, 2026
Trading
Open
$8.87
Previous Close
$8.83
Day's Range
8.69–8.89
52-Week Range
8.20–17.38
Volume
2.69M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.50
Valuation
Market Cap
$1.51B
P/E Ratio
6.71
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
8.54
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
5.31
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.46
EPS (ttm)Profit attributable to each share over the last twelve months.
1.30
Financials (FY)
Revenue (FY)
$3.09B−4.13%
Net Income (FY)
$126.28M
Profit marginThe share of revenue left as profit after all costs and taxes.
6.82%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
173.02M
1-Year Return
−26.35%
Dividend and dates
Earnings Date
November 13, 2026
Avg Volume
2.53M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, HE closed at $8.72, −26.35% over 1 year.

Hawaiian Electric Industries, Inc. (HE) has a market capitalization of $1.51B.

In fiscal 2025, HE reported revenue of $3.09B.

HE Stock Return by Calendar Year

Hawaiian Electric Industries, Inc. (HE) 10-year return: what $10,000 became

1 year
$10,000 $7,365
−26.35%
5 years
$10,000 $2,297
−77.03%
10 years
$10,000 $3,933
−60.67%

If you had invested $10,000 in Hawaiian Electric Industries, Inc. (HE) 10 years ago, at the close on October 21, 2016, it would have been worth $3,933 at the close on October 21, 2026: −60.67% in total, −8.91% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−29.11%
2025+26.41%
2024−31.43%
2023−64.58%
2022+4.31%
2021+21.27%
2020−21.90%
2019+31.91%
2018+4.97%
2017+13.42%
2016 (partial year)+9.99%

As of October 21, 2026.

HE Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$3.09B$126.28M4.1%
2024$3.22B−$1.42B−44.2%
2023$3.29B$201.13M6.1%
2022$3.42B$243.03M7.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$3.09B$235.32M$235.32M$126.28M4.1%
2024$3.22B−$1.71B−$1.71B−$1.42B−44.2%
2023$3.29B$274.99M$274.99M$201.13M6.1%
2022$3.42B$279.56M$279.56M$243.03M7.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

HE Dividend History

$1.08−22.9% vs 2022

Dividends per share, 2023 · 3 payments

YearDividends per sharePaymentsChange
2023$1.083−22.9%
2022$1.404+2.9%
2021$1.364+3.0%
2020$1.324+3.1%
YearDividends per sharePaymentsChange
2023$1.083−22.9%
2022$1.404+2.9%
2021$1.364+3.0%
2020$1.324+3.1%
2019$1.284+3.2%
2018$1.244+0.0%
2017$1.244+300.0%
2016$0.311—

Most recent payment: $0.36 per share, ex-dividend August 17, 2023. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

HE Valuation vs Utilities - Regulated Electric Median

Median of 42 stocks
MetricHEUtilities - Regulated Electric medianvs median
P/E6.7119.9466% below
P/S ratio0.462.770.2x the median
Profit margin6.82%13.40%6.6 pts below

Medians across 42 Utilities - Regulated Electric stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 16 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Hawaiian Electric Industries, Inc. (HE) at $1.51B. The company sits in the Utilities sector, in the Utilities - Regulated Electric industry. Headcount on file is 2,659.

HE last closed at $8.72 on October 21, 2026. That is −$0.11 (−1.25%) against the previous close. Over the past 52 weeks the price has ranged from $8.20 to $17.38. The latest close sits 6.34% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $3.09B. That is −4.13% against the prior fiscal year, when revenue was $3.22B. Net income for the same year was $126.28M. Profit margin runs at 6.82%. That is 6.6 percentage points below the Utilities - Regulated Electric median of 13.4%. Earnings per share on a trailing basis come to 1.3.

Across the 4 fiscal years on file, revenue moves from $3.42B in 2022 to $3.09B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 6.71 times earnings. That is 66.35% below the Utilities - Regulated Electric median of 19.94. The forward P/E on file is 8.54. The PEG ratio, which sets the P/E against expected earnings growth, reads 5.31. Measured against sales, the shares trade at 0.46 times revenue. On price-to-sales that is 0.2 times the Utilities - Regulated Electric median of 2.77. The medians here are taken across 42 Utilities - Regulated Electric companies that report the metric.

Over the trailing twelve months the total return is −26.35%. Across 10 years the annualized return works out at −8.91%. The reported beta is 0.5. Annualized volatility over the trailing 10 years is 41.88%.

Growth & Income

The latest dividend on file for HE dates from 2023. Dividends are recorded for 8 calendar years; 2023 shows 3 payments totalling $1.08 a share. The year before, 2022, totalled $1.40 a share.

Across the complete calendar years on file, 2019 returned +31.91% and 2023 returned −64.58%. Of the 9 complete calendar years on file, 6 finished higher. 2026 is still running; the total return is −29.11% year to date.

Peer Comparison

Hawaiian Electric Industries, Inc. (HE) operates in the Utilities - Regulated Electric industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Hawaiian Electric Industries, Inc. HE $1.51B 6.7
NextEra Energy, Inc. NEE $163.29B 17.6
The Southern Company SO $103.98B 21.8
Duke Energy Corporation DUK $94.09B 18.2

The Utilities - Regulated Electric industry average P/E ratio is 19.9x. Hawaiian Electric Industries, Inc. trades at a P/E of 6.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. In addition, the company serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.

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