HE stock: buy or sell?

HE stock price: $45.26 0.73% At close on October 18th, 2019

Updated on:
October 18th, 2019

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After crossing up the simple moving average line of 50d yesterday, Hawaiian Electric Industries closed today at $45.26, appreciated a 0.73%. October/18 was the 3rd green day in a row, gaining 2.13%.

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii.

Should I buy HE stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Hawaiian Electric Industries stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean HE will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Hawaiian Electric Industries stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 2 ratings published for HE stock in the last 30 days.

Is HE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-13UBS Groupn/aSell
2019-8-9JPMorgan Chase & Co.NeutralUnderweight

HE stock analysis

Daily outlook

After crossing up the simple moving average line of 50 days yesterday, Hawaiian Electric Industries closed at $45.26, appreciated a 0.73%.

After crossing up the SMA line of 50d yesterday, Hawaiian Electric Industries closed at $45.26, appreciated a 0.73%. On Sep 26th, HE hit a new all time high, pushing higher than on Sep 25th tops. Check different trading setups that use ATHs as triggers.

HE stock chart (daily)

Weekly outlook

Shares of Hawaiian Electric ended this week at $45.26 and gained a slightly good 0.78%.

Hawaiian Electric Industries stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Hawaiian Electric marked late September. Since late January when HE stock price broke up the SMA20w line, it gained $9.51 (26.60%).

HE stock chart (weekly)

HE stock price history

HE stock historical price chart

HE stock reached all-time highs on Sep/26 with a price of $45.96.

HE stock price target is $37.50

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 2 price predictions for HE stock:
HE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-13UBS GroupRaises Target$35.00$37.005.7%
2019-8-9JPMorgan Chase & Co.Downgrades$37.00$38.002.7%
(in average)$36.00$37.504.0%
The price prediction for Hawaiian Electric stock is $37.50, moving in a range between $38.00 and $37.00. In average, analysts' outlook on HE price target is positive, upgrading the prediction by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Hawaiian Electric let down analysts on February when it published an Earnings per Share (EPS) of $0.45 when the analysts' forecast was $0.47.
HE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.31n/a
2017-Q2-n/a0.36n/a
2017-Q32017-11-020.570.55-3.5%
2017-Q42018-02-140.410.434.9%
2018-Q12018-05-100.370.370.0%
2018-Q22018-08-030.420.420.0%
2018-Q32018-11-070.620.6-3.2%
2018-Q42019-02-150.470.45-4.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an impressive increase of 11.94% to $2,860.85 M dollars. In contrary, its earnings margin (compared to revenues) stayed steady to 7.12%, that is $203.66 million.

HE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,240 M-$163 M5.0%-
2014$3,240 M-0.01%$170 M5.3%4.16%
2015$2,603 M-19.65%$162 M6.2%-4.96%
2016$2,381 M-8.54%$250 M10.5%54.63%
2017$2,556 M7.35%$167 M6.5%-33.16%
2018$2,861 M11.94%$204 M7.1%21.82%

Quarterly financial results

Hawaiian Electric Industries reported $761.65 M in revenues for 2018-Q4, a -0.83% decline compared to previous quarter. Reported quarter earnings marked $50.05 million with a profit margin of 6.57%. Profit margin slightly fell a -2.07% compared to previous quarter when profit margin was 8.64%. When comparing sales to same quarter last year, Hawaiian Electric sales marked an amazing gain and skyrocketed a 15.65%.
HE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$592 M-$35 M5.9%-
2017-Q2$632 M6.88%$39 M6.2%12.86%
2017-Q3$673 M6.47%$61 M9.0%54.73%
2017-Q4$659 M-2.17%$33 M5.0%-45.75%
2018-Q1$646 M-1.93%$41 M6.3%23.98%
2018-Q2$685 M6.10%$47 M6.8%14.26%
2018-Q3$768 M12.08%$66 M8.6%42.65%
2018-Q4$762 M-0.83%$50 M6.6%-24.60%

Hawaiian Electric ownership

When you are planning to buy shares of a company, it's always worth to check its ownership structure.

Hawaiian Electric shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.96% of all shares.

In case of Hawaiian Electric stock, 53.49% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for HE stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Hawaiian Electric Industries:

HEAESEIXIDAPCG
Market cap$4.9 B$10.9 B$25.3 B$5.5 B$4.1 B
Total shares109.0 M663.9 M358.1 M50.4 M529.2 M
Float shares107.7 M661.1 M325.4 M50.1 M527.6 M
  - Institutional holdings (%)53.5%97.4%89.5%78.3%92.9%
  - Insider holdings (%)1.0%0.4%0.1%0.6%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

HE summary

Friday, October 18th, 2019
Open$44.93
Close$45.26
Day range$44.73 - $45.29
Previous close$44.93
Session gain0.73%
Average true range$0.54
50d mov avg$44.58
100d mov avg$44.02
200d mov avg$41.38
Daily pattern
Weekly pattern lt06a

Hawaiian Electric performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Hawaiian Electric against The AES, , IDACORP, Pacific Gas & Electric, , Pinnacle West Capital and Portland General Electric in the following table:
Stock3m6m12m
HEHawaiian Electric...2.89%12.00%29.39%
AESThe AES-4.10%-6.08%13.04%
EIX1.31%13.71%4.15%
IDAIDACORP7.57%14.30%14.47%
PCGPacific Gas & Ele...-56.38%-63.05%-84.11%
PNM5.47%17.96%32.53%
PNWPinnacle West Cap...1.15%1.43%14.01%
PORPortland General ...5.14%15.05%25.15%

Hawaiian Electric competitors

We chose a few stocks to conform a list of Hawaiian Electric Industries competitors to check if you are interested in investing in HE: