Hawaiian Electric Industries (HE) vs OGE Energy (OGE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
OGE Energy (OGE) has outperformed Hawaiian Electric Industries (HE) over the past year, losing 0.2% versus a loss of 22.5%. Over five years, OGE leads with a +36.0% price change compared with -79.3% for HE. OGE Energy is the larger company by market cap ($9.53 billion vs $1.53 billion), about 6.2 times the size.
On valuation, Hawaiian Electric Industries trades at a lower forward P/E (8.6x vs 17.7x for OGE Energy). OGE Energy pays a dividend yielding 3.68%, 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 | OGE |
|---|---|---|
| Share price | $8.82 | $46.11 |
| Market cap | $1.53B | $9.53B |
| 1-day change | +0.57% | +0.48% |
| YTD return | -28.70% | +7.47% |
| 1-year return | -22.53% | -0.15% |
| 5-year return | -79.34% | +35.97% |
| P/E ratio (TTM) | 6.78 | 20.31 |
| Forward P/E | 8.63 | 17.68 |
| EPS (TTM) | $1.30 | $2.27 |
| Dividend yield | 0.00% | 3.68% |
| Annual dividend | $0.00 | $1.70 |
| Revenue (latest FY) | — | $3.26B |
| Revenue growth (YoY) | — | +9.21% |
| Net income (latest FY) | — | $470.70M |
| Gross margin | — | 61.35% |
| Operating margin | — | 24.52% |
| Net margin | — | 14.44% |
| 52-week high | $17.38 | $50.59 |
| 52-week low | $8.65 | $41.70 |
| Distance from 52-week high | -49.25% | -8.86% |
| Analyst consensus | underperform | buy |
| Avg. price target upside | -2.15% | +7.53% |
| Average volume | 2.33M | 1.59M |
| Shares outstanding | 173.02M | 206.58M |
| Employees | 2,659 | 2,248 |
| Sector | Utilities | Utilities |
| Industry | Electric Utilities: Central | 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
- OGE Energy is about 6.2 times larger than Hawaiian Electric Industries by market value ($9.53B vs $1.53B).
- OGE has outperformed HE by 22.4 percentage points over the past year.
- OGE Energy trades at a higher earnings multiple (20.3x vs 6.8x trailing P/E).
- OGE Energy offers a meaningfully higher dividend yield (3.68% vs 0.00%).
About Hawaiian Electric Industries
HE stock →Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business.
Utilities · Electric Utilities: Central · 2,659 employees
About OGE Energy
OGE stock →OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.
Utilities · Electric Utilities: Central · 2,248 employees
HE vs OGE FAQ
Which is bigger, Hawaiian Electric Industries or OGE Energy?
OGE Energy (OGE) is larger, with a market capitalization of $9.53B compared with $1.53B for Hawaiian Electric Industries (HE).
Which stock has performed better over the past year, HE or OGE?
OGE returned -0.15% 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 OGE?
HE has the lower trailing P/E at 6.8, versus 20.3 for OGE. 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 OGE Energy?
OGE Energy pays a dividend yielding 3.68%, while Hawaiian Electric Industries does not currently pay a regular dividend.
Are Hawaiian Electric Industries and OGE Energy in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.