Hawaiian Electric Industries (HE) vs MGE Energy (MGEE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
MGE Energy (MGEE) has outperformed Hawaiian Electric Industries (HE) over the past year, losing 15.9% versus a loss of 22.5%. Over five years, MGEE leads with a -6.5% price change compared with -79.3% for HE. MGE Energy is the larger company by market cap ($2.66 billion vs $1.52 billion), about 1.8 times the size.
On valuation, Hawaiian Electric Industries trades at a lower forward P/E (8.6x vs 16.8x for MGE Energy). MGE Energy pays a dividend yielding 2.70%, while Hawaiian Electric Industries does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HE | MGEE |
|---|---|---|
| Share price | $8.77 | $70.39 |
| Market cap | $1.52B | $2.66B |
| 1-day change | -1.79% | -0.28% |
| YTD return | -28.70% | -10.24% |
| 1-year return | -22.53% | -15.87% |
| 5-year return | -79.34% | -6.53% |
| P/E ratio (TTM) | 6.75 | 17.34 |
| Forward P/E | 8.58 | 16.78 |
| EPS (TTM) | $1.30 | $4.06 |
| Dividend yield | 0.00% | 2.70% |
| Annual dividend | $0.00 | $1.90 |
| 52-week high | $17.38 | $87.94 |
| 52-week low | $8.68 | $68.01 |
| Distance from 52-week high | -49.54% | -19.96% |
| Analyst consensus | underperform | hold |
| Avg. price target upside | -1.60% | +9.11% |
| Average volume | 2.32M | 180.84K |
| Shares outstanding | 173.02M | 37.75M |
| Employees | 2,659 | 726 |
| Sector | Utilities | Energy |
| Industry | Utilities - Regulated Electric | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MGE Energy trades at a higher earnings multiple (17.3x vs 6.7x trailing P/E).
- MGE Energy offers a meaningfully higher dividend yield (2.70% vs 0.00%).
- The two companies sit in different sectors: Hawaiian Electric Industries in Utilities and MGE Energy in Energy.
About Hawaiian Electric Industries
HE stock →Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business.
Utilities · Utilities - Regulated Electric · 2,659 employees
About MGE Energy
MGEE stock →MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments.
Energy · Electric Utilities: Central · 726 employees
HE vs MGEE FAQ
Which is bigger, Hawaiian Electric Industries or MGE Energy?
MGE Energy (MGEE) is larger, with a market capitalization of $2.66B compared with $1.52B for Hawaiian Electric Industries (HE).
Which stock has performed better over the past year, HE or MGEE?
MGEE returned -15.87% over the past 12 months, compared with -22.53% for HE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HE or MGEE?
HE has the lower trailing P/E at 6.7, versus 17.3 for MGEE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Hawaiian Electric Industries or MGE Energy?
MGE Energy pays a dividend yielding 2.70%, while Hawaiian Electric Industries does not currently pay a regular dividend.
Are Hawaiian Electric Industries and MGE Energy in the same industry?
No. Hawaiian Electric Industries is in the Utilities sector, while MGE Energy is in Energy.