HE
Hawaiian Electric Industries, Inc.
NYSEUSDEQUITY
Utilities
DELAYED
Sell
-53/100
Last price
8.81
▼ 0.12 (1.34%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
8.92
Prev close
8.93
Day high
8.89
Day low
8.76
Volume
649.94K
Market cap
$1.52B
P/E (TTM)
6.67
52W range
8.68 – 17.38
Day trading desk
Gap from prior close
-0.11%
Prior close 8.93
VWAP
8.81
+0.05% from price
Relative volume
0.50×
Quiet session
Session range
1.83%
8.76 – 8.92
Position in range
31%
Mid range
ATR (14D)
0.27
3.06% of price
Prior day high
8.95
PDH
Prior day low
8.77
PDL
Bid / ask spread
—
Quote not published
Session volume
1.15M
Avg 2.33M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.45%
-3.0%
1M
-19.17%
-20.3%
3M
-34.16%
-37.2%
6M
-43.27%
-57.8%
YTD
-28.37%
-42.0%
1Y
-21.62%
-36.9%
3Y
-26.28%
-107.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on HE open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
526.82K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 30, 26 | FOWLER PEGGY Y Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | SCILACCI WILLIAM JAMES Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | AJELLO JAMES A Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | JOHNS TIMOTHY E. Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | KIPP MARY E Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | CONNORS CELESTE ANNE Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | KANE MICAH A. Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | TANIGUCHI TOBY B. Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | FLORES ELISIA Director |
STOCK | 9.24K | $0 | Direct |
| Jun 30, 26 | AQUILINO JOHN C. Director |
STOCK | 9.24K | $0 | Direct |
| Aug 13, 25 | FOWLER PEGGY Y Director |
STOCK | 11.76K | $0 | Direct |
| Jun 30, 25 | FOWLER PEGGY Y Director |
STOCK | 11.76K | $0 | Direct |
| Jun 30, 25 | SCILACCI WILLIAM JAMES Director |
STOCK | 11.76K | $0 | Direct |
| Jun 30, 25 | FARGO THOMAS BOULTON Director |
STOCK | 11.76K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Fundamentals
Market cap$1.52B
Enterprise value$4.10B
Revenue (TTM)$3.28B
Gross profit$577.10M
EBITDA$514.83M
Net income$224.01M
EPS (TTM)$1.32
Free cash flow$324.62M
Total cash$238.73M
Total debt$2.80B
Book value / share$10.21
Shares outstanding173.02M
Float172.07M
Short % of float15.01%
Dividend yield0.00%
Beta (5Y)0.50
Valuation & profitability ratios
Trailing P/E6.67
Forward P/E8.65
PEG ratio5.37
Price / sales—
Price / book0.86
EV / revenue1.25
EV / EBITDA7.97
Gross margin17.58%
Operating margin4.55%
Profit margin6.82%
Return on equity13.45%
Return on assets1.63%
Debt / equity158.87
Current ratio0.99
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $3.09B | $3.22B | $3.29B | $3.42B | — | -4.1% |
| Operating revenue | $3.07B | $3.21B | $3.27B | $3.41B | — | -4.2% |
| Cost of revenue | $2.85B | $4.93B | $3.01B | $3.14B | — | -42.1% |
| Gross profit | $235.32M | -$1.71B | $274.99M | $279.56M | — | +113.8% |
| Selling, general & admin | — | — | -$4.77M | -$4.41M | -$5.85M | — |
| Total operating expense | — | — | -$15.16M | -$10.57M | -$9.53M | — |
| Operating income | $235.32M | -$1.71B | $274.99M | $279.56M | — | +113.8% |
| Net interest income | -$74.51M | -$102.38M | -$111.23M | -$99.99M | — | +27.2% |
| Pre-tax income | $166.93M | -$1.79B | $182.30M | $201.95M | — | +109.3% |
| Tax provision | $40.65M | -$470.96M | $34.53M | $38.91M | — | +108.6% |
| Net income | $126.28M | -$1.42B | $201.13M | $243.03M | — | +108.9% |
| Net income to common | $123.12M | -$1.43B | $199.24M | $241.14M | — | +108.6% |
| Basic EPS | 0.71 | -11.23 | 1.82 | 2.20 | — | +106.3% |
| Diluted EPS | 0.71 | -11.23 | 1.81 | 2.20 | — | +106.3% |
| EBIT | $278.37M | -$1.67B | $302.63M | $301.94M | — | +116.7% |
| EBITDA | $577.29M | -$1.38B | $584.94M | $572.35M | — | +141.9% |
| Basic shares | 172.55M | 126.93M | 109.74M | 109.43M | — | +35.9% |
| Diluted shares | 173.02M | 126.93M | 110.04M | 109.78M | — | +36.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $501.78M | $750.53M | $244.09M | $199.88M | — | -33.1% |
| Cash & short-term investments | $501.78M | $750.53M | $244.09M | $1.63B | — | -33.1% |
| Accounts receivable | $491.53M | $457.17M | $546.70M | $511.90M | — | +7.5% |
| Total current assets | $1.88B | $2.13B | $10.77B | $8.05B | — | -11.7% |
| Property, plant & equipment | $6.24B | $6.20B | $6.04B | $5.80B | — | +0.7% |
| Goodwill & intangibles | — | — | $82.19M | $82.19M | $82.19M | — |
| Total assets | $8.92B | $8.93B | $17.24B | $16.28B | — | -0.1% |
| Total current liabilities | $1.43B | $1.32B | $9.80B | $445.36M | — | +7.8% |
| Current debt | $124.96M | $157.79M | $16.50M | $172.57M | — | -20.8% |
| Long-term debt | $2.29B | $2.69B | $2.83B | $3.08B | — | -15.1% |
| Total debt | $2.96B | $3.33B | $3.24B | $3.43B | — | -11.2% |
| Total liabilities | $7.32B | $7.42B | $14.86B | $14.08B | — | -1.4% |
| Retained earnings | -$665.61M | -$788.92M | $926.72M | $845.83M | — | +15.6% |
| Shareholder equity | $1.61B | $1.51B | $2.38B | $2.20B | — | +6.1% |
| Working capital | $456.84M | $809.74M | $977.04M | $7.61B | — | -43.6% |
| Net tangible assets | $1.61B | $1.51B | $2.38B | $2.12B | — | +6.1% |
| Shares issued | 172.62M | 172.47M | 110.15M | 109.47M | — | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $126.28M | -$1.42B | $201.13M | $243.03M | +108.9% |
| Depreciation & amortisation | $298.92M | $293.53M | $282.31M | $270.40M | +1.8% |
| Stock-based compensation | $3.43M | $3.59M | $6.78M | $7.45M | -4.6% |
| Change in working capital | -$17.93M | $1.93B | $14.68M | -$50.03M | -100.9% |
| Operating cash flow | $391.07M | $487.48M | $551.47M | $454.48M | -19.8% |
| Capital expenditure | -$341.20M | -$344.25M | -$442.73M | -$339.33M | +0.9% |
| Investing cash flow | -$322.18M | $258.32M | -$257.40M | -$1.13B | -224.7% |
| Share buybacks | -$35.37M | $0 | $0 | — | — |
| Dividends paid | -$1.89M | -$1.89M | -$75.85M | -$113.12M | 0.0% |
| Financing cash flow | -$331.00M | $154.71M | $195.57M | $567.67M | -314.0% |
| Free cash flow | $49.87M | $143.23M | $108.74M | $115.14M | -65.2% |
| End cash position | $501.78M | $750.53M | $244.09M | $43.73M | -33.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $939.70M | $746.45M | $805.82M | $790.61M | $746.39M | +25.9% |
| Operating revenue | $936.86M | $744.04M | $802.91M | $787.43M | $742.48M | +25.9% |
| Cost of revenue | $735.49M | $693.07M | $738.72M | $738.56M | $692.64M | +6.1% |
| Gross profit | $204.21M | $53.38M | $67.11M | $52.05M | $53.75M | +282.6% |
| Operating income | $204.21M | $53.38M | $67.11M | $52.05M | $53.75M | +282.6% |
| Net interest income | -$41.10M | -$19.43M | -$18.37M | -$17.75M | -$18.21M | -111.6% |
| Pre-tax income | $164.66M | $38.59M | $53.47M | $39.95M | $39.98M | +326.7% |
| Tax provision | $41.46M | $8.14M | $12.11M | $8.73M | $13.42M | +409.2% |
| Net income | $123.20M | $30.45M | $41.36M | $31.22M | $26.56M | +304.6% |
| Net income to common | $123.20M | $30.45M | $39.62M | $30.75M | $26.09M | +304.6% |
| Basic EPS | 0.71 | 0.18 | 0.23 | 0.18 | 0.15 | +294.4% |
| Diluted EPS | 0.71 | 0.18 | 0.23 | 0.18 | 0.15 | +294.4% |
| EBIT | $211.05M | $68.02M | $81.61M | $64.66M | $65.77M | +210.3% |
| EBITDA | $286.41M | $143.46M | $159.61M | $132.91M | $141.87M | +99.6% |
| Basic shares | 172.64M | 172.63M | 172.62M | 172.62M | 172.50M | +0.0% |
| Diluted shares | 173.22M | 173.33M | 173.02M | 172.92M | 172.66M | -0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $238.73M | $452.84M | $501.78M | $548.24M | $154.28M | — | -47.3% |
| Cash & short-term investments | $238.73M | $452.84M | $501.78M | $548.24M | $154.28M | — | -47.3% |
| Accounts receivable | $520.39M | $452.18M | $491.53M | $498.23M | $435.84M | — | +15.1% |
| Total current assets | $1.25B | $1.83B | $1.88B | $1.91B | $1.54B | — | -31.5% |
| Property, plant & equipment | $6.40B | $6.29B | $6.24B | $6.21B | $6.12B | — | +1.7% |
| Total assets | $8.40B | $8.91B | $8.92B | $8.81B | $8.32B | — | -5.7% |
| Total current liabilities | $1.27B | $1.37B | $1.43B | $1.42B | $1.44B | — | -7.1% |
| Current debt | — | $124.99M | $124.96M | $143.47M | $192.75M | $463.63M | — |
| Long-term debt | $2.27B | $2.28B | $2.29B | $2.30B | $1.86B | — | -0.6% |
| Total debt | $2.80B | $2.95B | $2.96B | $2.99B | $2.57B | — | -5.0% |
| Total liabilities | $6.64B | $7.28B | $7.32B | $7.22B | $6.76B | — | -8.8% |
| Retained earnings | -$511.96M | -$635.16M | -$665.61M | -$705.41M | -$736.16M | — | +19.4% |
| Shareholder equity | $1.76B | $1.64B | $1.61B | $1.60B | $1.57B | — | +7.7% |
| Working capital | -$17.18M | $462.02M | $456.84M | $492.96M | $101.16M | — | -103.7% |
| Net tangible assets | $1.76B | $1.64B | $1.61B | $1.60B | $1.57B | — | +7.7% |
| Shares issued | 172.73M | 172.64M | 172.62M | 172.62M | 172.61M | — | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $123.20M | $30.45M | $831.00K | $71.75M | $26.56M | — | +304.6% |
| Depreciation & amortisation | $75.37M | $75.45M | $78.00M | $68.25M | $76.11M | — | -0.1% |
| Stock-based compensation | $2.61M | $1.20M | — | — | $2.78M | $754.00K | +117.1% |
| Change in working capital | -$49.71M | -$34.76M | -$15.91M | $22.90M | $36.37M | — | -43.0% |
| Operating cash flow | -$411.40M | $61.03M | $71.07M | $135.59M | $134.75M | — | -774.1% |
| Capital expenditure | -$138.56M | -$103.53M | -$87.28M | -$92.43M | -$74.95M | — | -33.8% |
| Investing cash flow | -$138.16M | -$101.91M | -$74.49M | -$95.19M | -$74.00M | — | -35.6% |
| Dividends paid | $0 | $0 | $19.61M | -$20.55M | -$473.00K | — | — |
| Financing cash flow | -$143.30M | -$8.06M | -$578.41M | $885.29M | -$535.68M | — | -1,678.6% |
| Free cash flow | -$549.96M | -$42.50M | -$16.20M | $43.15M | $59.80M | — | -1,193.9% |
| End cash position | $238.73M | $452.84M | $501.78M | $503.87M | $154.28M | — | -47.3% |
Options analytics
Put / call volume
0.28
Call-heavy session
Put / call open interest
0.26
Positioning, not flow
Max pain
10.00
+13.5% from spot
ATM implied vol
51.6%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
29
Contracts, this expiry
Put volume
8
Contracts, this expiry
Heaviest call OI
10.00
399 contracts
Heaviest put OI
10.00
165 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.17 | 0.13 | -23.5% |
| Mar 2026 | 0.28 | 0.18 | -35.5% |
| Dec 2025 | 0.24 | 0.24 | 0.0% |
| Sep 2025 | 0.19 | 0.19 | +2.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.06 | 1 | $0 | — |
| Next quarter | 0.29 | 1 | $0 | — |
| Current year | 0.79 | 3 | $3.14B | +1.9% |
| Next year | 1.02 | 3 | $3.28B | +4.2% |
Analyst targets & ownership
Mean target$8.63
High target$12.00
Low target$6.50
Implied upside-2.10%
Analyst count4
ConsensusUNDERPERFORM
Strong buy / Buy0 / 0
Hold2
Sell / Strong sell2 / 0
Held by insiders0.31%
Held by institutions87.44%
Institutions holding432
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
8.96
-1.70% from price
SMA 20
9.48
-7.06% from price
SMA 50
10.85
-18.83% from price
SMA 100
12.14
-27.40% from price
SMA 200
13.50
-34.76% from price
EMA 12
9.13
-3.54% from price
EMA 26
9.75
-9.63% from price
EMA 50
10.62
-17.05% from price
RSI (14)
20.3
Oversold
MACD (12,26,9)
-0.62
Hist 0.02
ATR (14)
0.27
3.06% of price
Realised vol 30D
24.6%
Annualised
Bollinger upper
10.67
20, 2σ
Bollinger lower
8.29
20, 2σ
50 / 200 cross
Death
10.85 vs 13.50
Trend bias
Below 200
-34.76%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.40
Less volatile than market
Correlation to SPY
0.16
Largely independent
Realised vol 30D
24.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-48.4%
Peak to trough
Max drawdown 5Y
-82.6%
Peak to trough
ATR 14
0.27
3.06% of price
Beta (reported)
0.50
5Y monthly, from filing
Short interest
Shares short
18.79M
Prior 17.13M
Change vs prior
+9.7%
Shorts adding
% of float
15.01%
Elevated
% of shares out
10.88%
Against total outstanding
Days to cover
7.7
Crowded exit
Float
172.07M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 30, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Sep 8, 26 | Ladenburg Thalmann | INITIATED | — | Sell |
| Aug 11, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 6, 26 | Jefferies | MAINTAINED | Underperform | Underperform |
| Jun 25, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Mar 2, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jan 26, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jan 20, 26 | Jefferies | DOWNGRADE | Hold | Underperform |
| Jan 15, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Dec 3, 25 | Jefferies | MAINTAINED | Hold | Hold |
| Jul 10, 25 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 28, 25 | Jefferies | MAINTAINED | Hold | Hold |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield3.92%
Payout ratio0.00%
Ex-dividend dateAug 17, 2023
Next pay dateSep 8, 2023
Last split2:1
Split dateJun 14, 2004
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-21
Corporate Changes & Voting Matters
8-K · 2026-09-08
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-07-31
Corporate Changes & Voting Matters
8-K · 2026-06-15
Periodic Financial Reports
10-Q · 2026-05-08
Proxy Statements
DEF 14A · 2026-04-29
Corporate Changes & Voting Matters
8-K · 2026-04-10
Headlines
Hawaiian Electric Raises $29.5 Million From American Savings Bank Stake Sale
MT Newswires · 16d ago
HEI Begins Monetizing ASB Shares, Enabling Advance Funding of Maui Wildfire Settlement
Business Wire · 16d ago
Hawaiian Electric (HE): Does a $1 Billion Bank IPO Valuation Matter?
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PRIVATE STRATEGY · BY QUALIFICATION
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