Lean Hogs (HE)

Hawaiian Electric Indus Stock (NYSE:HE), Trade Ideas

Hawaiian Electric Indus

Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.

Man.Markets.Shutterstock

Equities

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Commodities

Treasuries

Econ #s

Economics

Intraday Update

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

IBKR

JBHT

NTRS

SKIL

iShares Trust Barclays 20+ Year Treasury Bond Fund

TSLA

Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore further sanctions against Tehran.

Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What&#39;s Driving Markets Tuesday?

Long Ideas

News

Small Cap

Markets

Media

Trading Ideas

SBSW

VRTX

On CNBC’s &#34;Mad Money Lightning Round,&#34; Jim Cramer said he prefers  Abbott Laboratories  (NYSE: ABT) over  

Jim Cramer Was Upset At This Hostile Takeover, But &#39;They Fixed The Situation. Stock&#39;s Been A Horse&#39;

Dividends

Price Target

Pre-Market Outlook

Analyst Ratings

CWEN

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Check Out 3 Utilities Stocks With Over 6% Dividend Yields From Wall Street&#39;s Most Accurate Analysts

Hawaiian Electric Industries, Inc. Common Stock

Hawaiian Electric Industries Inc

Turtle Beach Corp

Touchstone ETF Trust Touchstone Climate Transition ETF

Heroes Chained

Global Helium Corp

HedgeTrade

WisdomTree Europe Hedged Equity Fund

iShares Currency Hedged MSCI Emerging Markets ETF

H&E Equipment Services, Inc. - Common Stock

H&E Equipment Services Inc

HELIUM EVOLUTION INC by HELIUM EVOLUTION INC.

Helium Evolution Inc

iShares Currency Hedged MSCI EAFE ETF

Swan Hedged Equity US Large Cap ETF

Hegic

HENGAN INTL GROUP CO ORD by Hengan International Group Co., Ltd.

Hengan International Group Co Ltd

HENGAN INTL GRP UNSP/ADR by Hengan International Group Co., Ltd.

Peak Minerals Ltd

HELLENIC EXCH SA REG SHS by Hellenic Stock Exchanges

Hellenic Exchanges - Athens Stock Exchange SA

Heico Corp

Heineken NV

Healthia Ltd Ordinary Shares

Heiwa Corp

Helen Of Troy Ltd

HelloFresh SE

HENKEL KGAA AND CO ORD by Henkel AG & Co. KGAA

Henkel AG & Co KGaA

Helmet.insure

HELVETIA PATRIA HLDG by HELVETIA PATRIA HLDG.

Helvetia Holding AG

J.P. Morgan Exchange-Traded Fund Trust JPMorgan Hedged Equity Laddered Overlay ETF

Winshear Gold Corp

WINSHEAR GOLD CORP by WINSHEAR GOLD CORP.

Franklin Genomic Advancements ETF

Hemp Inc

HERO TECHNOLOGIES INC by Hero Technologies Inc.

Hero Technologies Inc

HENGDELI HOLDINGS LTD ORD by Hengdeli Holdings Ltd

Hengdeli Holdings Ltd

HENGDELI HLDGS UNSP/ADR by Hengdeli Holdings Ltd

Hinto Energy Inc

HENKEL AG & CO KGAA S/ADR by Henkel AG & Co. KGAA

HENKEL AG & CO KGAA by Henkel AG & Co. KGAA

HENKEL AG & CO KGAA PFD by Henkel AG & Co. KGAA

H2O Innovation Inc

Highwater Ethanol LLC

Holly Energy Partners LP Com Unit Repstg Ltd Partner

Hepion Pharmaceuticals, Inc. - Common Stock

Hepion Pharmaceuticals Inc

D-Market Electronic Services & Trading - American Depositary Shares

D-MARKET Electronic Services & Trading

John Hancock Hedged Equity & Income Fund Common Shares of Beneficial Interest

John Hancock Hedged Equity & Income Fund

Simplify Hedged Equity ETF

Yasheng Group

H.E.R.C. PRODUCTS INC by H.E.R.C. Products Inc.

H.E.R.C. Products Inc

Pacer Cash Cows Fund of Funds ETF

RED OAK HEREFORD FARMS by Red Oak Hereford Farms Inc.

Red Oak Hereford Farms Inc

Global X Video Games & Esports ETF

Metahero

HERITAGE CANNABIS HLDGS by Heritage Cannabis Holdings Corp.

Heritage Cannabis Holding Corp

Heroux-Devtek Inc

Hess Corp

HERMES INTL SA by Hermes International SA

Hermes International SA

HERMES INTL SA UNSP/ADR by Hermes International SA

HEALTH SCIENCES GROUP INC by Health Sciences Group, Inc.

Health Sciences Group Inc

Hess Midstream LP

Hesperos, Inc.

HOME ENERGY SAVINGS CORP by Home Energy Savings Corp.

HELIUM VENTURES PLC by HELIUM VENTURES PLC

Helium Ventures PLC

HEALTHWAREHOUSE.COM by HealthWarehouse.com, Inc.

HealthWarehouse.com Inc

iShares Trust Currency Hedged MSCI Canada ETF

iShares Currency Hedged MSCI Germany ETF

iShares Currency Hedged MSCI Japan ETF

iShares Trust Currency Hedged MSCI United Kingdom ETF

HELLENIC EXCH UNSP/ADR by Hellenic Exchanges SA

Angel Wing Metals Inc

ANGEL WING METALS INC by ANGEL WING METALS INC.

Hermez Network

iShares Currency Hedged MSCI Eurozone ETF

<a href="https://www.hawaiinewsnow.com/2024/04/16/ags-wildfire-probe-doesnt-find-fault-with-first-responders-those-briefed-report-say/">https://www.hawaiinewsnow.com/2024/04/16/ags-wildfire-probe-doesnt-find-fault-with-first-responders-those-briefed-report-say/</a>
&nbsp;
Hawaii's attorney general will release a 400-plus-page report Wednesday on how government agencies responded to the devastating Lahaina fire.
HNN Investigates has learned the report doesn't find fault with first responders and could help dispel false information on social media.
State Attorney General Anne Lopez and experts from the Fire Safety Research Institute have privately briefed government officials about what her long-awaited report has found.
It doesn't get into how the fire started, but is extremely detailed about how agencies responded — and the conditions that made the fire so deadly.
Some HNN talked to are frustrated that the probe didn't go into what might have sparked the fire. That's being left to the Maui Fire Department and federal Bureau of Alcohol, Tobacco and Firearms.
But the officials were impressed by the amount of information coming out — and the AG's openness. Those who spoke did so on condition of anonymity because the briefings were behind closed doors.
They said along with doing scores of interviews, investigators examined official video — like body-worn cameras — as well as social media posts and data from hundreds of communications.
The findings apparently confirm that police and fire fighters responded as best as they could to save lives. And the data and could dispel concerns expressed soon after the disaster that confused police directed people into fatal gridlock.
The report says Lahaina fits the category of a "wildfire-initiated urban conflagration," in which winds drive flames through subdivisions and commercial districts, which burn with uncontrollable speed and power.
The briefing gave the impression that once ignited, the fire — leaping from structure to structure — could not have been stopped by any number of firefighters or type of equipment.
Several mentioned the information from Maui County seemed less than fully transparent — after the county demanded subpoenas for employees and had attorneys present for their interviews.
Some privately speculated that the data will be helpful in lawsuits against government agencies that didn't respond to warnings of the high fire danger due to expected high winds and drought and allowed excessive overgrowth on private and government land, like highway rights-of-way.
The next stage of the Attorney General's report, in about six months, will do more to analyze what can be learned from the facts. Those at the briefing said the AG plans to release all the data, potentially even in spreadsheets that can be analyzed independently.

Reported Earlier, "AG's Wildfire Probe Doesn't Find Fault With First Responders, Those Briefed On Report Say" - Hawaii News Now

WIIM

Hawaiian Electric shares are trading lower on reports indicating Hawaii's attorney general will release a report related to the Lahaina fire response, which doesn't find fault with first responders.

Investors remain on edge as geopolitics continue to shape market trends, with Israel mulling a response to Iran while the U.S. and key allies explore <a href="https://www.benzinga.com/news/24/04/38264304/middle-east-tensions-mount-as-israel-considers-retaliation-after-irans-direct-attack">further sanctions against Tehran.</a>
U.S. major averages display mixed performances as of midday trading Tuesday. The S&amp;P 500 holds steady at 5,200 points, while blue-chip stocks outperform the broader market, and small caps experience some declines.
In its April World Economic Outlook, the International Monetary Fund raised growth projections for the U.S. economy, while eyeing the possibility of Federal Reserve rate cuts this year as inflation declines. Yet, an escalation in the Middle East could complicate the picture, pushing oil and inflation higher and forcing central <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38272906/imf-expects-lower-interest-rates-unless-middle-east-conflict-escalates-there-will-b">banks to tighten again. </a>
Treasury yields continue to kick higher, with the yield on the 10-year Treasury bond reaching 4.65%. Bond-related ETFs declined further, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) down 0.5%. 
Despite the uptick in yields and a stronger dollar, gold continues to showcase an impressive strength, with the yellow metal up 0.3% to $2,390 per ounce, on track for a record-high close. 
Oil prices were slightly softer, down 0.4%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is down 2.5% to $61,900, marking a 15% drop since last week&#8217;s high. 
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>37,910.28</td>
<td>0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,759.96</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,066.92</td>
<td>0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>195.34</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) held steady at $504.71, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.4% to $379.06 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) held steady at $431.91, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, up 0.4%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was the major laggard, down 0.9%. 
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>Tesla, Inc, (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell more than 2.8%, on track to close at the lowest level in a year, after analysts interpreted the recent layoff announcement as a negative sign for the company&#8217;s outlook. </li>
<li>Companies reacting to earnings were Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), down 3.3%; Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), up 3.4%; Northern Trust Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NYSE">NTRS</a>), down 4%; PNC Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), down 1.9%; Jonson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), down 2.4%; and UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), up over 6%. </li>
<li>Skillsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NASDAQ">SKIL</a>) fell nearly 40%, after a revenue miss and departure of its CEO. </li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) fell 18%, falling below last year&#8217;s lows, after the company announced readiness to implement rolling blackouts owing to reduced wind and solar power generation, along with the temporary outage of several large generators.</li>
<li>Notable names reporting earnings after the close are J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>), United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Interactive Brokers Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NYSE">IBKR</a>). </li>
</ul>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38274726/homebuilder-stocks-tumble-as-housing-starts-fall-by-14-7-a-poor-time-to-buy-a-home-">Homebuilder Stocks Tumble As Housing Starts Fall By 14.7%: &#8216;A Poor Time To Buy A Home,&#8217; Says Economist</a>
Photo: Shutterstock

Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What's Driving Markets Tuesday?

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he prefers Abbott Laboratories (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abt#NYSE">ABT</a>) <a href="https://www.benzinga.com/markets/equities/24/04/38053214/fda-approves-abbotts-heart-valve-repair-device-for-patients-at-risk-of-complicationsdeath-during">over Penumbra, Inc. (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>).
&quot;I still fear it after the environmental damage. I am concerned that you can&rsquo;t really put a price on it,&quot; Cramer said when asked about Hawaiian Electric Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/he#NYSE">HE</a>). &quot;I think that the fires were too great, and therefore the stock could still go lower.&quot;
Sibanye Stillwater Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbsw#NYSE">SBSW</a>) is a &quot;strange&quot; company, Cramer said, &quot;We don&rsquo;t know, really, enough about it. We know it has a yield, we know that it&rsquo;s got good properties.&quot;
The &quot;Mad Money&quot; host said Emerson Electric Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emr#NYSE">EMR</a>) is now working. &quot;I was upset that they did a hostile takeover,&quot; Cramer said.
Recall Emerson acquired National Instruments<a href="https://www.benzinga.com/m-a/23/04/31766967/emerson-electric-is-driving-national-instruments-stock-higher-whats-going-on"> last year for $8.2 billion</a>.
&quot;They fixed the situation, and the stock&rsquo;s been a horse,&quot; Cramer added.
&quot;I think that the notion that there should be a pause in 2028 was one of the dumber things the administration&rsquo;s done, because that canceled a lot of projects that need, take like five or six years to do. And that&rsquo;s why that stock is going so low,&quot; Cramer said when asked about Excelerate Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/se#NYSE">SE</a>). &quot;I&rsquo;d be willing to bet that they have to change that 2028, and that stock&rsquo;s going to fly. &quot;
Cramer said Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) is doing well and the company&rsquo;s stock is starting to come back. Although it has underperformed General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>), but it is still higher by 10% for the year, and &quot;I don&rsquo;t think that&rsquo;s all that bad,&quot; he added.
Vertex Pharmaceuticals Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrtx#NASDAQ">VRTX</a>) is &quot;terrific&quot; and &quot;very, very good,&quot; Cramer said, &quot;I love it, the CF, the CF franchise is just amazing.&quot;
<h3>Price Action:</h3>
<ul>
<li>Hawaiian Electric shares gained 1.5% to settle at $11.07 on Monday.</li>
<li>Excelerate Energy shares rose 1.5% to close at $15.60 during Monday&rsquo;s session.</li>
<li>Shares of Sibanye-Stillwater gained 6.4% to close at $5.51 on Monday.</li>
<li>Penumbra shares fell 1.7% to settle at $220.07.</li>
<li>Emerson Electric shares gained 0.1% to settle at $114.67 during Monday&rsquo;s session.</li>
<li>Ford shares gained 1% to close at $13.41.</li>
<li>Vertex Pharmaceuticals shares fell 0.6% to settle at $404.22 on Monday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/04/38148718/top-4-tech-telecom-stocks-that-may-crash-in-q2"> Top 4 Tech &amp; Telecom Stocks That May Crash In Q2 </a>
Image: Shutterstock

Jim Cramer Was Upset At This Hostile Takeover, But 'They Fixed The Situation. Stock's Been A Horse'

Legal

House GOP Ask Hawaiian Electric For More Documents In Probe

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:</h2>
<ol>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.23</li>
<li>Via Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIA#NASDAQ">VIA</a>) - P/E: 8.01</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.96</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 3.74</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 6.32</li>
</ol>
This quarter, Hawaiian Electric Indus experienced a decrease in earnings per share, which was $0.56 in Q3 and is now $0.48. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Via Renewables's earnings per share for Q4 sits at $-0.93, whereas in Q3, they were at 1.47. Its most recent dividend yield is at 12.24%, which has decreased by 0.75% from 12.99% in the previous quarter.
Cia Energetica DE Minas has reported Q3 earnings per share at $0.03, which has decreased by 75.0% compared to Q2, which was 0.12. TransAlta has reported Q4 earnings per share at $-0.2, which has decreased by 119.05% compared to Q3, which was 1.05. Most recently, the company reported a dividend yield of 2.08%, which has decreased by 0.08% from last quarter's yield of 2.16%.
This quarter, Enel Chile experienced an increase in earnings per share, which was $0.1 in Q2 and is now $0.14. The company's most recent dividend yield sits at 64.82%, which has decreased by 1.55% from 66.37% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

ENIC

A Look Into Utilities Sector Value Stocks

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the utilities sector:</h2>
<ol>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 3.97</li>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.42</li>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.64</li>
<li>Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) - P/E: 9.19</li>
<li>Cia Energetica DE Minas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIG#NYSE">CIG</a>) - P/E: 4.93</li>
</ol>
TransAlta's earnings per share for Q4 sits at $-0.2, whereas in Q3, they were at 1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
Hawaiian Electric Indus saw a decrease in earnings per share from 0.56 in Q3 to $0.48 now. Its most recent dividend yield is at 3.75%, which has increased by 0.01% from 3.74% in the previous quarter.
Most recently, Genie Energy reported earnings per share at $0.53, whereas in Q2 earnings per share sat at $0.45. The company's most recent dividend yield sits at 1.61%, which has increased by 0.13% from 1.48% last quarter. 
Entergy has reported Q4 earnings per share at $0.52, which has decreased by 84.1% compared to Q3, which was 3.27. Its most recent dividend yield is at 4.56%, which has decreased by 0.29% from 4.85% in the previous quarter.
This quarter, Cia Energetica DE Minas experienced a decrease in earnings per share, which was $0.12 in Q2 and is now $0.03. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

5 Value Stocks To Watch In The Utilities Sector

Hawaiian Electric Delays Launch Of New Solar, Energy Storage Programs One Month As Further Refinements Are Made; New Programs, Originally Scheduled To Launch March 1, Will Now Be Available To Customers Starting April 1; New Incentive Program Called "Bring Your Own Device," Will Replace The Battery Bonus Program.

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the utilities sector that may be worth watching:</h2>
<ol>
<li>Genie Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNE#NYSE">GNE</a>) - P/E: 9.49</li>
<li>Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) - P/E: 6.95</li>
<li>Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) - P/E: 9.08</li>
<li>Enel Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENIC#NYSE">ENIC</a>) - P/E: 2.86</li>
<li>TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) - P/E: 4.15</li>
</ol>
Genie Energy's earnings per share for Q3 sits at $0.53, whereas in Q2, they were at 0.45. The company's most recent dividend yield sits at 1.61%, which has increased by 0.13% from 1.48% last quarter. 
Hawaiian Electric Indus's earnings per share for Q4 sits at $0.48, whereas in Q3, they were at 0.56. Most recently, the company reported a dividend yield of 3.75%, which has increased by 0.01% from last quarter's yield of 3.74%.
Entergy saw a decrease in earnings per share from 3.27 in Q3 to $0.52 now. Its most recent dividend yield is at 4.56%, which has decreased by 0.29% from 4.85% in the previous quarter.
Enel Chile saw an increase in earnings per share from 0.1 in Q2 to $0.14 now. Most recently, the company reported a dividend yield of 64.82%, which has decreased by 1.55% from last quarter's yield of 66.37%.
TransAlta has reported Q4 earnings per share at $-0.2, which has decreased by 119.05% compared to Q3, which was 1.05. Its most recent dividend yield is at 2.08%, which has decreased by 0.08% from 2.16% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

5 Value Stocks In The Utilities Sector

Hawaiian Electric Indus's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) short percent of float has risen 11.91% since its last report. The company recently reported that it has 16.54 million shares sold short, which is 17.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hawaiian Electric Indus Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709065821_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hawaiian Electric Indus has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Hawaiian Electric Indus's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hawaiian Electric Indus's peer group average for short interest as a percentage of float is 3.52%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Hawaiian Electric Indus's Recent Short Interest

Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) reported quarterly earnings of $0.48 per share which missed the analyst consensus estimate of $0.49 by 2.04 percent. This is a 7.69 percent decrease over earnings of $0.52 per share from the same period last year. The company reported $961.35 million in sales this quarter. This is a 5.66 percent decrease over sales of $1.02 billion the same period last year.