HAWAIIAN ELECTRIC INDUSTRIES INC (HE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 09, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 56.36% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
170M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

HE currently has 172M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 56.36% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 09, 2025

10-Q filing | 172.5M shares outstanding

170M 0
Feb 24, 2025

10-K filing | 172.5M shares outstanding

170M 0
Nov 08, 2024

10-Q filing | 172.5M shares outstanding

170M 0
Sep 24, 2024

8-K filing: Hawaiian Electric Industries, Inc. sold 54,054,054 shares of common stock at a public offering price of $9.25 per share, with underwriters having an option to purchase an additional 8,108,108 shares, resulting in expected net proceeds of approximately $485 million. ($500.0M proceeds)

110M 0
Aug 09, 2024

10-Q filing | 110.3M shares outstanding

110M 0
May 10, 2024

10-Q filing | 110.2M shares outstanding

110M 0
Feb 29, 2024

10-K filing | 110.0M shares outstanding

110M 0
Nov 13, 2023

10-Q filing | 109.9M shares outstanding

110M 0
Aug 07, 2023

10-Q filing | 109.6M shares outstanding

110M 0
May 09, 2023

10-Q filing | 109.5M shares outstanding

110M 0
Feb 27, 2023

10-K filing | 109.4M shares outstanding

110M 0
Nov 07, 2022

10-Q filing | 109.5M shares outstanding

110M 0
Aug 08, 2022

10-Q filing | 109.4M shares outstanding

110M 0
May 09, 2022

10-Q filing | 109.4M shares outstanding

110M 0
Feb 25, 2022

10-K filing | 109.3M shares outstanding

110M 0
Jan 03, 2022

8-K filing: Hawaiian Electric Industries, Inc. (HEI) made an equity contribution to Hawaiian Electric Company, Inc. (Hawaiian Electric), its wholly-owned subsidiary, by Hawaiian Electric issuing 429,157 shares of its common stock to HEI for an aggregate amount of $54.4 million. ($54.4M proceeds)

110M 0
Nov 05, 2021

10-Q filing | 109.3M shares outstanding

110M 0
Aug 09, 2021

10-Q filing | 109.3M shares outstanding

110M 0
May 10, 2021

10-Q filing | 109.2M shares outstanding

110M 0
Feb 26, 2021

10-K filing | 109.1M shares outstanding

110M 0
Dec 30, 2020

8-K filing: Hawaiian Electric Industries, Inc. (HEI) made an equity contribution to Hawaiian Electric Company, Inc. (Hawaiian Electric) by Hawaiian Electric issuing 275,593 shares of its common stock to HEI for an aggregate amount of $34 million. ($34.0M proceeds)

110M 0
Nov 06, 2020

10-Q filing | 109.2M shares outstanding

110M 0
Aug 06, 2020

10-Q filing | 109.1M shares outstanding

110M 0
May 05, 2020

10-Q filing | 109.1M shares outstanding

110M 0
Feb 28, 2020

10-K filing | 108.9M shares outstanding

110M 0
Jan 03, 2020

8-K filing: Hawaiian Electric Industries, Inc. made an equity contribution to Hawaiian Electric Company, Inc. by issuing 297,295 shares of its common stock to HEI for an aggregate amount of $35.5 million. ($35.5M proceeds)

N/A 0
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