Hawaiian Electric Industries (NYSE:HE) Hits New 52-Week Low – Time to Sell?

Posted by Brenda Bartman on Sep 10th, 2026

Hawaiian Electric Industries, Inc. (NYSE:HE – Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $10.76 and last traded at $10.8780, with a volume of 166395 shares. The stock had previously closed at $11.09.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Hawaiian Electric Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Jefferies Financial Group dropped their target price on shares of Hawaiian Electric Industries from $13.75 to $11.75 and set an “underperform” rating on the stock in a research note on Monday, July 6th. Weiss Ratings raised shares of Hawaiian Electric Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Barclays reduced their target price on shares of Hawaiian Electric Industries from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 11th. Finally, LADENBURG THALM/SH SH started coverage on Hawaiian Electric Industries in a report on Tuesday. They issued a “sell” rating and a $7.00 price target for the company. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Strong Sell” and an average target price of $10.25.

Read Our Latest Report on HE

Hawaiian Electric Industries Price Performance

The company has a debt-to-equity ratio of 1.57, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a fifty day moving average of $12.40 and a two-hundred day moving average of $13.73. The stock has a market capitalization of $1.78 billion, a P/E ratio of 7.93 and a beta of 0.48.

Hawaiian Electric Industries (NYSE:HE – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $939.70 million during the quarter, compared to analysts’ expectations of $939.70 million. Hawaiian Electric Industries had a return on equity of 7.90% and a net margin of 6.89%.During the same period last year, the company earned $0.15 earnings per share. On average, analysts predict that Hawaiian Electric Industries, Inc. will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Hawaiian Electric Industries

A number of hedge funds and other institutional investors have recently modified their holdings of HE. BlackRock Inc. purchased a new stake in shares of Hawaiian Electric Industries during the second quarter valued at about $358,318,000. State Street Corp lifted its position in Hawaiian Electric Industries by 56.9% during the fourth quarter. State Street Corp now owns 7,005,768 shares of the utilities provider’s stock valued at $86,171,000 after acquiring an additional 2,540,134 shares during the last quarter. California State Teachers Retirement System grew its holdings in Hawaiian Electric Industries by 1,216.4% in the second quarter. California State Teachers Retirement System now owns 2,699,952 shares of the utilities provider’s stock worth $36,530,000 after purchasing an additional 2,494,858 shares during the last quarter. Bank of America Corp DE purchased a new position in Hawaiian Electric Industries in the second quarter worth $32,135,000. Finally, 12 West Capital Management LP acquired a new position in shares of Hawaiian Electric Industries during the fourth quarter worth $22,755,000. 59.91% of the stock is currently owned by institutional investors.

About Hawaiian Electric Industries

(Get Free Report)

Hawaiian Electric Industries, Inc is a diversified holding company operating in the energy and financial services sectors in the state of Hawaii. Its principal subsidiary, Hawaiian Electric Company, provides generation, transmission, distribution and customer service to the island of Oahu, while its Maui Electric and Hawaii Electric Light Company subsidiaries serve Maui, Molokai, Lanai and Hawaii Island. The roots of the electric utility business trace back to 1891 when service first commenced in Honolulu.

Through its subsidiary Hawaii Gas, HEI extends its energy portfolio to include the distribution of natural gas and propane, supporting residential, commercial and industrial customers across the islands.