HE stock: buy or sell?
October 18th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-9||JPMorgan Chase & Co.||Neutral||Underweight|
HE stock analysis
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.
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 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 $37.50Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-13||UBS Group||Raises Target||$35.00||$37.00||5.7%|
|2019-8-9||JPMorgan Chase & Co.||Downgrades||$37.00||$38.00||2.7%|
Financials and fundamental analysis
Earnings date and Earnings per ShareHawaiian Electric let down analysts on February when it published an Earnings per Share (EPS) of $0.45 when the analysts' forecast was $0.47.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|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 M||7.35%||$167 M6.5%||-33.16%|
|2018||$2,861 M||11.94%||$204 M7.1%||21.82%|
Quarterly financial resultsHawaiian 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%.
|2017-Q1||$592 M||-||$35 M5.9%||-|
|2017-Q2||$632 M||6.88%||$39 M6.2%||12.86%|
|2017-Q3||$673 M||6.47%||$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 M||6.10%||$47 M6.8%||14.26%|
|2018-Q3||$768 M||12.08%||$66 M8.6%||42.65%|
|2018-Q4||$762 M||-0.83%||$50 M6.6%||-24.60%|
Hawaiian Electric ownershipWhen 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:
|Market cap||$4.9 B||$10.9 B||$25.3 B||$5.5 B||$4.1 B|
|Total shares||109.0 M||663.9 M||358.1 M||50.4 M||529.2 M|
|Float shares||107.7 M||661.1 M||325.4 M||50.1 M||527.6 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$44.73 - $45.29|
|Average true range||$0.54|
|50d mov avg||$44.58|
|100d mov avg||$44.02|
|200d mov avg||$41.38|
Hawaiian Electric performancePerformance 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:
|PCGPacific Gas & Ele...||-56.38%||-63.05%||-84.11%|
|PNWPinnacle West Cap...||1.15%||1.43%||14.01%|
|PORPortland General ...||5.14%||15.05%||25.15%|