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Hawaiian Electric Industries Inc: what insiders have been doing
Every trade that managers of Hawaiian Electric Industries Inc disclose to SEC (Form 4) is tracked on this page. The company sits in the Energy sector and is based in Honolulu, United States. It was founded in 1891. Between 18 October 2025 and 18 October 2026, 5 insiders published 5 filings.
Not one of the filings records a straightforward purchase or sale on the market. Grants and option exercises follow pay plans set in advance, so they reveal less about an insider's own view than a purchase made with personal money.
Across the 10 companies tracked on its exchange, the median is 50 filings; at 5 filings, this issuer sits below that mark. Looking back to 2016, when coverage begins, insiders filed no purchases and 4 sales. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists revenue at 3.09 bn USD and net income at 126.3 m USD.
Insider buying of Hawaiian Electric Industries Inc has been absent for the past year. The median gap between a trade and its publication by SEC (Form 4) is 4 days. US insiders must file a Form 4 within two business days of a trade.
Elsewhere in the same sector, our signals recently picked up insider purchases at RGC Resources Inc and Empire Petroleum Corp. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
110
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€1M
4 ops. · all time
Analyst consensus: bullish or bearish?
Analysts rate Hawaiian Electric Industries Inc Underperform (bearish), based on 4 analysts. Average price target: US$8.63.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 11,013 of 24,148 companies
53.8
score / 100
Value71
Quality37
FCF yld3.4%
Earn yld8.5%
EV/EBITDA7.7x
ROE13%
Gross mgn7.6%
Net mgn4.1%
Debt/EBITDA5.1x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$8.58
Analyst consensus
4 analystsUnderperform
US$6.50Target US$8.63(+1%)US$12.00
Income statement
RevenueUS$3.1B
Gross profitUS$235.3M8% margin
EBITDAUS$577.3M19% margin
Net incomeUS$126.3M6.8% margin
Valuation
PER (trailing)6.6x
PER (forward)8.4x
P/Book0.8x
Beta0.50
Balance sheet & cash
Market capUS$1.5B
Total debtUS$3B
Free Cash FlowUS$49.9M
Debt / Equity159%
Profitability & ownership
ROE13.4%
ROA1.6%
% insiders0.3%
% institutions87.7%
Last declaration on 2 July 2026
Declarations110 total
9,238 sharesCommon StockSEC:0002050038-26-000005:0
9,238 sharesCommon StockSEC:0001454810-26-000006:0
528 shares@ US$15.862.8% of flowCommon StockSEC:0001798186-26-000001:0
1,277 shares@ US$15.864.9% of flowCommon StockSEC:0001695479-26-000001:0
1,583 shares@ US$15.863.9% of flowCommon StockSEC:0001695487-26-000001:0
11,759 shares0Common StockSEC:0001062993-25-014474:0
11,759 shares0Common StockSEC:0001062993-25-012518:0
11,759 shares0Common StockSEC:0001062993-25-012517:0
11,759 shares0Common StockSEC:0001062993-25-012516:0
11,759 shares0Common StockSEC:0001062993-25-012515:0
11,759 shares0Common StockSEC:0001062993-25-012512:0
11,759 shares0Common StockSEC:0001062993-25-012510:0
2,780 shares@ US$10.768.2% of flowCommon StockSEC:0001062993-25-003546:0
4,439 shares@ US$10.768.2% of flowCommon StockSEC:0001062993-25-003544:0
1,032 shares@ US$10.764.1% of flowCommon StockSEC:0001062993-25-003536:0
372 shares@ US$10.631.7% of flowCommon StockSEC:0001062993-24-011463:0
6,581 shares@ US$13.1037.6% of flowCommon StockSEC:0001062993-24-004002:0
5,411 shares@ US$13.1018.8% of flowCommon StockSEC:0001062993-24-004004:0
4,199 shares@ US$13.1019.8% of flowCommon StockSEC:0001062993-24-004009:0
7,768 shares@ US$13.1017.1% of flowCommon StockSEC:0001062993-24-004011:0
3,550 shares0Common StockSEC:0001062993-24-003034:0
14,709 shares0Common StockSEC:0001062993-24-003030:0
9,894 shares0Common StockSEC:0001062993-24-003036:0
6,088 shares0Common StockSEC:0001062993-24-003032:0
3,314 shares0Common StockSEC:0001062993-23-014357:0
25 of 110 declarations
About Hawaiian Electric Industries Inc
Hawaiian Electric Industries, Inc. (ticker HE) is listed on the US market, the NYSE, in the United States, and is one of the key electricity-sector names in Hawaii. The company is a holding company whose main asset is Hawaiian Electric, a regulated utility that serves roughly 95% of Hawaii’s population. HEI has operated for more than 130 years and is headquartered in Honolulu, making its local footprint and institutional role in the islands central to its investment case. For French-speaking investors, this is therefore a fundamentally defensive, regulated business with returns shaped by tariffs, capital expenditure cycles, grid modernization, and public-policy priorities. ([hei.com](https://www.hei.com/corporate-governance/default.aspx?utm_source=openai))
The group’s core economics are driven primarily by electric transmission, distribution, and retail utility service across Hawaii. Hawaiian Electric operates the infrastructure needed to deliver power across multiple islands and is investing heavily in reliability, resilience, decarbonization, and public safety. Management emphasizes grid hardening, wildfire risk mitigation, and support for the state’s energy-transition objectives. Competitive dynamics are unusual: the company enjoys a natural monopoly position in its service territory, but that advantage comes with substantial regulatory oversight, political scrutiny, and an obligation to manage affordability while funding large infrastructure needs. ([hei.com](https://www.hei.com/home/default.aspx?utm_source=openai))
Read moreShow less
The most important recent story is the Maui wildfire litigation and its financial and reputational consequences. The issue materially affected 2024 results and remained a defining theme in 2025, although the company reported progress toward final court approval of settlement agreements and noted state legislation intended to cap future wildfire liability and support funding for wildfire-safety upgrades through securitization. In parallel, HEI has streamlined its portfolio: it completed the sale of a majority stake in American Savings Bank at the end of 2024 and sold the 60-MW Hamakua Energy Plant on Hawaii Island in March 2025, signaling a sharper focus on the core utility business. Management also highlighted expanded wildfire-safety measures, stronger liquidity, and continued access to financing to support essential network investments. ([hei.com](https://www.hei.com/investor-relations/news-and-events/news/news-details/2025/HEI-Reports-Fourth-Quarter-and-Full-Year-2024-Results/default.aspx?utm_source=openai))
Overall, HE is best viewed as a utility-centric, Hawaii-focused infrastructure and essential-services company with a stable service franchise, elevated regulatory and litigation sensitivity, and medium-term catalysts tied to recovery from the Maui event, grid reinforcement, and the state’s long-term clean-energy transition. ([hei.com](https://www.hei.com/investor-relations/default.aspx?utm_source=openai))
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