How to Buy Hawaiian Electric Industries Stock
Hawaiian Electric Industries Inc
Hawaiian Electric Industries is a regulated electric utility company located in Hawaii, United States, which is part of the Utilities sector, and is traded under the ticker HE on the NYSE exchange.
Hawaiian Electric Industries stock last closed at $9.88, down 5.9% from the previous day, and has decreased 74.61% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.65 percentage points. Hawaiian Electric Industries stock is currently +13.04% from its 52-week low of $8.74, and -75.4% from its 52-week high of $40.16.
At the moment, there are 110.15M shares of HE outstanding. The market cap of HE is $1.09B. In the last 24 hours, 5.65M HE shares were traded.
How to Buy Hawaiian Electric Industries Stock
Not sure how to invest in Hawaiian Electric Industries stock? Here's how.
- Choose where to buy Hawaiian Electric Industries stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Hawaiian Electric Industries stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your method of payment and add your info.
- Research Hawaiian Electric Industries stock: The Hawaiian Electric Industries ticker symbol is HE. Is Hawaiian Electric Industries stock a good investment? Should you buy shares of HE? How do HE's underlying business fundamentals look? Do top analysts think Hawaiian Electric Industries is a good buy? Why has HE's stock price moved recently? (Hint: Our stock market research tools can help you understand if HE is a good stock to buy).
- Place your HE trade: Decide if you will purchase HE shares at the current market price or use a limit order to buy HE stock at a particular price.
- Get notifications regarding your investment in HE: Create a watchlist to watch your position in Hawaiian Electric Industries stock.
Step 1: Choose where to buy Hawaiian Electric Industries stock
You will need an online brokerage account in order to access the NYSE market and buy HE shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you can buy HE today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
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Step 3: Deposit funds into your brokerage account
Now that you have finished signing up on stock market app, your next step is to transfer the money for your investment:
Watch this video walkthrough to see the process of depositing funds into your new brokerage account.
Step 4: Research Hawaiian Electric Industries stock
Once you have selected the best place to buy Hawaiian Electric Industries stock, it's crucial to evaluate their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Overview of key HE info
HE Overview
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on HE's stock page.
Is HE stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge HE's fair value.
Using relative valuations methods:
- HE may be undervalued based on its P/E ratio of 5.43x, relative to Utilities - Regulated Electric industry P/E ratio of 16.38x
- HE could be undervalued based on its P/B ratio of 0.46x, relative to Utilities - Regulated Electric industry P/B ratio of 1.62x
You can do more valuation research on HE's stock here.
A look at HE Cashflows and Balance Sheet
Failed Financial Due Diligence Checks:
- Total HE debt is higher than 5 years ago, relative to shareholder equity.
- HE's operating cash flow of $551.47M allows it to safely service it's debt of $4.04B.
- HE has a relatively high debt to equity ratio of 6.34.
- HE earnings of $371.23M is not enough to cover its interest payments.
- HE profit margin has gone down from 6.4% to 5.4% in the past year.
Is it a good time to buy HE stock, according to Wall Street analysts?
Out of 2 sell side analysts who monitor HE, the consensus analyst rating on HE is a Sell
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Hawaiian Electric Industries stock forecast page.
HE Technicals
HE Performance Numbers
Last year, HE earnings were $199.24M. Over the last five year, HE's earnings have increased by -0.33% per year. This was slower than the Utilities - Regulated Electric industry average of 15.9%.
Last year, HE revenue was $3.68B. During the past five year, HE's revenue has gone up by 5.18% per year. This was faster than the Utilities - Regulated Electric industry average of 3.97%.
You can research HE's earnings and revenue performance here.
Latest Insiders Trades at HE
Over the last year, insiders at HE have sold more shares than they have bought.
Shelee Mt Kimura, Pres CEO Hawn Electric Co. of HE, was the latest HE insider to sell. They sold $70,884.10 worth of HE stock on Feb 16, 2024.
Learn more about who owns HE stock here.
Does HE provide a stable income stream?
No, Hawaiian Electric Industries doesn't provide an income stream by paying out dividends.
HE Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your HE trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, place a limit order.
Click the Open Trade button and your broker will execute your order.
If you want more info about buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your investment in HE
Now that you own some HE shares, you'll want to stay up-to-date on your stock purchase.
Add HE to a watchlist to get notified of the latest news about your HE stock.
HE Feed
How to Buy Stock in Hawaiian Electric Industries
To summarize, here are the 6 steps you need to take to buy Hawaiian Electric Industries stock right now:
- Choose where to buy Hawaiian Electric Industries stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Hawaiian Electric Industries stock
- Place your HE trade
- Get notifications regarding your investment in HE
If you are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your investment in Hawaiian Electric Industries, create your watchlist below.
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