HE
Utilities · Utilities - Regulated Electric
Performance
HE (HE) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
HE (HE) operates in the Utilities - Regulated Electric space within the Utilities sector. With a market cap of $2.3B, it qualifies as a small-cap company. Growth is moderate and the business remains profitable, offering a balanced risk/reward profile compared to high-multiple peers.
- Forward P/E (12.0×) is lower than trailing P/E (18.2×) — analysts expect earnings to improve
- Low beta of 0.52 — less volatile than the market, suitable for conservative portfolios
- Thin profit margin of 4.1% — little buffer against cost increases
- High debt-to-equity of 179.96× increases financial risk, especially with elevated interest rates
Verdict
Hold
Mixed signals — strengths and risks roughly balance. Wait for a clearer catalyst.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Related Articles
Revenue & Results
Dividends
Current DY
—
5Y Avg Annual
$1.2880
Last Payment
$0.3600
Ex-Date
08/17/2023
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest08/17/2023 | 09/08/2023 | $0.3600 | 10.69% |
05/18/2023 | 06/09/2023 | $0.3600 | 10.69% |
02/22/2023 | 03/16/2023 | $0.3600 | 10.69% |
11/21/2022 | 12/13/2022 | $0.3500 | 10.39% |
08/17/2022 | 09/08/2022 | $0.3500 | 10.39% |
05/19/2022 | 06/10/2022 | $0.3500 | 10.39% |
02/23/2022 | 03/17/2022 | $0.3500 | 10.39% |
11/22/2021 | 12/14/2021 | $0.3400 | 10.09% |
Magic Number
Shares needed to self-fund your next purchase
$13.48
Price
$0.3600
Last div. (quarterly)
38
shares
Own 38 HE shares ($512.05) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$512.05
New shares / year
+4 shares
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
Earnings
EPS (TTM)
$0.74
P/E (TTM)
18.2
Fwd P/E
12.0
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Key Statistics
Valuation
Trading
Dividends
Profitability
Balance Sheet
Fair Value Estimates
Current price: $13.47
Graham Number
√(22.5 × EPS × Book Value)
$12.57
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$21.47
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
7/10
78% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
8.0%Return on equity — measures how efficiently capital is used
Positive profit margin
4.1%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
+0.3%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+17.6%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
179.96×Low financial leverage reduces risk of distress
Current ratio above 1
1.34×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$26M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
Stock must distribute income to shareholders
Related Assets
Utilities
About HE
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.
Sector
Utilities
Industry
Utilities - Regulated Electric
Location
Honolulu, United States
Employees
2,659