Hawaiian Electric Industries Price Target Increased to $42.00

Trending News ☀️

Hawaiian Electric Industries ($NYSE:HE) (HEI) is an integrated energy company that serves Hawaii through its subsidiaries, Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company. HEI has been providing reliable and affordable electricity to the Hawaiian Islands for over a century, helping to build and sustain the local economy. Recently, the company’s price target has been increased to $42.00 by analysts at Bank of America Corporation. This new price target is based on the company’s strong fundamentals and its long-term growth potential. The latest increase in the price target is a sign of confidence in the company’s ability to deliver value to shareholders. HEI has made significant investments in renewable energy sources, including solar, wind, and geothermal, which has improved their cost efficiency and sustainability.

Additionally, the company has been focused on reducing their reliance on imported oil and improving their power delivery systems to reduce outages. HEI has also been investing in modernizing its electric grid and transmission lines, which will help to improve reliability and reduce costs in the long run. The company is well-positioned to benefit from a growing economy in Hawaii and further expansion of renewable energy sources in the state. Overall, HEI is well-positioned to benefit from a growing economy in Hawaii, as well as further expansion of renewable energy sources in the state. The new price target of $42.00 is a sign of confidence in the company’s ability to deliver value to shareholders over the long-term.

Price History

Hawaiian Electric Industries recently had its price target increased to $42.00. At the time of writing, media sentiment is overwhelmingly positive. On Thursday, the stock opened at $42.2 and closed at $42.3, representing an increase of 0.3% from its prior closing price of $42.2. This news was welcomed by investors as it shows that Hawaiian Electric Industries is continuing to remain a strong performer in the market. With the new target price of $42.00, analysts are expecting the company to continue to show good performance over the coming months.

The new target price for Hawaiian Electric Industries is a reflection of the company’s strong fundamentals and its consistent performance in the market over the past few months. Analysts believe that the company has a bright future ahead, with potential for further growth. With the new target price set at $42.00, investors can now look forward to seeing further returns on their investment in the company. The news also suggests that the company is well-positioned to continue to perform well in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for HE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for HE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for HE. More…

Key Ratios Snapshot

Some of the financial key ratios for HE are shown below. More…

VI Analysis

Investors interested in Hawaiian Electric Industries (HEI) would find it to be a strong dividend play, with medium scores in asset, profitability and growth. HEI has a high health score of 8/10, indicating that it is capable of safely weathering any crisis. According to the VI Star Chart, HEI is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. HEI’s fundamentals reflect its long-term potential, making it an ideal choice for investors seeking a low-risk, steady return. HEI’s impressive dividend yield and high health score make it attractive for income investors, while its moderate scores in asset, profitability and growth suggest that investors looking for a steady, but modest return may also find it attractive. Those looking for a more aggressive return may find HEI’s moderate scores in asset, profitability and growth less appealing. However, those investors may be willing to take on the risk associated with a higher return if they believe that HEI’s fundamentals reflect its long-term potential. Overall, HEI is an attractive option for those looking for a low-risk, consistent return. Its impressive dividend yield and high health score make it an ideal choice for income investors, while those seeking a steadier return may also find it appealing. More…

VI Peers

Its competitors in the electric power industry include Pinnacle West Capital Corp, Evergy Inc, Federal Grid Co of Unified Energy System PJSC. HEI has a long history dating back to its founding in 1881 and is the largest electric utility in Hawaii, with over 400,000 customers.

– Pinnacle West Capital Corp ($NYSE:PNW)

Pinnacle West is an electric utility company headquartered in Phoenix, Arizona. It is the parent company of Arizona Public Service, the state’s largest electric utility. The company serves more than two million customers in Arizona.

Pinnacle West has a market capitalization of $7.61 billion as of 2022 and a return on equity of 9.57%. The company is the largest electric utility in Arizona and serves more than two million customers.

– Evergy Inc ($NYSE:EVRG)

Evergy Inc is a holding company that engages in the generation, transmission, and distribution of electricity in the United States. It operates through two segments: Kansas Operations and Missouri Operations. The company has a market cap of 13.95B as of 2022 and a ROE of 8.82%. Evergy Inc was founded in 1925 and is headquartered in Kansas City, Missouri.

Summary

It has recently had its price target increased to $42.00. Overall, the sentiment of the media coverage of the company has been positive, and analysts believe that HEI will continue to be a reliable long-term investment for its shareholders. HEI has a strong balance sheet with a low debt to equity ratio, and its dividend yield is attractive for investors.

The company’s stock has been trending up in recent months, and it has been consistently outperforming the broader market indices. HEI is well-positioned to capitalize on favorable economic conditions in Hawaii and has strong fundamentals that make it a safe bet for investors.