HAWAIIAN ELECTRIC INDUSTRIES, INC.
In the published model solve dated 2026-Q2, anchored at $13.13, HAWAIIAN ELECTRIC INDUSTRIES, INC. (HE) is priced for +3.2% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Hawaiian Electric has begun paying its Maui wildfire settlement, making the first of four annual $479 million payments in April 2026 and earning a credit-rating upgrade as the worst-case uncertainty narrows. [Source: HE Q1 2026 results, May 2026] • The defining risk is the balance sheet: net debt sits near 10 times operating income with interest coverage around 2 times, and three more settlement payments must still be financed. • Watch the rate case and securitization: a joint proposal seeks a
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329 institutional managers reported holding HE in 13F filings for the quarter ended 2026-03-31. Together they hold about 79% of the company; the top 10 hold 55%. 59 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 15.6M shares were sold short as of the 2026-06-15 count, about 9% of shares outstanding (9.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
HE's share count grew 58% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at HE over the trailing three years. Absence is a fact about the company, not a signal. 9 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-10 | -2.4% | -1.3% |
| 2023-08-08 | -4.1% | -64.8% |
| 2023-11-14 | -16.4% | +10.7% |
| 2024-05-11 | -2.4% | +4.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HE's latest 8-K filings: 2026-07-31 (items 1.01); 2026-06-15 (items 5.07); 2026-05-08 (items 2.02, 9.01); 2026-04-10 (items 5.02); 2026-04-10 (items 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.