Hawaiian Electric Industries

Hawaiian Electric Co., Inc. engages in the operations of overhead transmission lines, overhead distribution lines, underground cables, poles, and steel or aluminum high voltage transmission towers. The firm offers electric vehicles, business account services, customer renewable programs, and advanced meters. The company was founded in 1881 and is headquartered in Honolulu, HI.

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HEI reports strong earnings, confident in 2023 outlook

HEI's Q4 2022 earnings call highlighted solid financial performance, resilience under PBR, and confidence in delivering results in 2023. The company aims for 5% EPS growth, efficient cost management, and continued success in ASB's loan growth and digital initiatives.

HEI reports robust Q1 earnings, aligns with Hawaii's clean energy goals

HEI and ASB demonstrated strong financial performance in Q1 2023, with a focus on clean energy initiatives and stable banking operations.
Despite challenges from storm-related costs, both sectors showed resilience and profitability, supported by Hawaii's robust economy.
Opportunities for growth lie in renewable projects, stable banking operations, and alignment with Hawaii's clean energy objectives.

HEI reports solid Q2 earnings, advances clean energy initiatives

HEI and ASB showed strong financial performance and strategic progress in Q2 2023.
Challenges include managing expenses, NIM compression, and Tier 1 leverage ratio amidst growth.
Opportunities lie in clean energy initiatives, cost management, and strategic expansion plans.
Overall, HEI's focus on sustainability and financial strength positions it well for future growth.

Hawaiian Electric Industries reports resilient Q3 performance amidst wildfire challenges

Hawaiian Electric Industries navigated challenges from the August wildfires, reporting solid financial performance and emphasizing community support and grid resilience.
While facing financial impacts and operational uncertainties, HEI's proactive measures and commitment to core operations position them for long-term sustainability and growth.
The company's focus on stakeholder engagement, transparency, and strategic planning presents opportunities for enhancing resilience, innovation, and value creation.

HEI reports strong Q4 earnings, faces cash constraints, eyes growth

HEI's Q4 2023 performance reflects solid financial results and proactive community support initiatives.
Despite challenges in cash position and CapEx management, opportunities exist in legislative engagement and financing strategies.
ASB's stable performance and strategic financial management underscore resilience and growth potential.
Overall, HEI navigates financial constraints while leveraging opportunities for growth and regulatory compliance.

Hawaiian Electric Industries reports Q1 2024 mixed financial performance

HE's Q1 2024 performance showed mixed results across segments.
ASB bank demonstrated strength with improved profitability.
Challenges persist with utility net income impacted by wildfires.
Opportunities exist for growth through strategic initiatives.

HEI reports Q3 loss, ASB strong, settles Maui wildfires

HEI faced challenges in Q3 2024 due to wildfire liabilities and asset impairments, resulting in a consolidated net loss.
Despite the losses, American Savings Bank (ASB) performed well, and progress was made towards resolving insurer claims.
HEI's liquidity position is strong, and the company is actively addressing the settlement agreement for Maui wildfires.

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Hawaiian Electric Industries, Inc. is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service on the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment delivers banking and other financial services to Hawaii consumers and businesses. The Other segment consists of corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

Hawaiian Electric has seen headwinds from the drop in tourism over the past year. However, I see the long-term growth thesis as being intact, and see the company rebounding this year.

4.0%-Yielding Hawaiian Electric: The Safest Dividend Is One That's Just Been Raised

HONOLULU, Feb. 9, 2021 /PRNewswire/ -- On February 9, 2021, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) increased HEI's quarterly cash dividend from $0.33 to $0.34 per share, payable March 10, 2021, to shareholders of record at the close of business on...

HEI Increases Quarterly Dividend To $0.34 Per Share

HONOLULU, Jan. 29, 2021 /PRNewswire/ -- American Savings Bank, F.S.B. (American), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE), today reported 2020 net income of $57.6 million,1 compared to $89.0 million2 in 2019. "I am proud of the tenacity and creativity of...

American Savings Bank Reports Fourth Quarter And Full Year 2020 Financial Results

There could be a sizeable upside to Hawaiian Electric Industries stock post the Covid-19 pandemic. Hawaiian Electric provides electricity to about 95% of the population of the state of Hawaii and also runs a banking subsidiary, American Savings Bank.

Buy This Hawaiian Utility Stock For 50% Gains?

HONOLULU, Jan. 18, 2021 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) will announce its fourth quarter and full year 2020 financial results Tuesday, February 16. In addition, American Savings Bank, F.S.B. (American), a wholly owned indirect subsidiary of HEI, will...

Hawaiian Electric Industries To Announce Fourth Quarter And Full Year 2020 Results And 2021 Earnings Guidance Feb. 16; American Savings Bank To Announce 2020 Results Jan. 29

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Shareholders of Natura & Co Holding SA (NYSE:NTCO) and Hawaiian Electric Industries Inc (NYSE:HE) have seen the value of their holdings decline significantly over the past couple of years, largely underperforming the S&P 500 Index.

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HEI (HE) reported earnings 30 days ago. What's next for the stock?

HEI (HE) Up 8.7% Since Last Earnings Report: Can It Continue?

Hawaiian Electric has a massive moat due to providing electricity for 95% of residents of the State of Hawaii on Oahu, Maui, Molokai, Lanai, and Hawaii Island. Hawaii has the highest electricity rates in the U.S, with robust rate growth over the years. Management expects rate growth to continue going forward.

Hawaiian Electric Industries: A 3.6% Yielding Income-Oriented Pick Featuring A 95% Market Share

Hawaiian Electric's (HE) total revenues of $641.4 million in the third quarter decline 16.8% from the prior-year quarter's $770.9 million

Hawaiian Electric (HE) Q3 Earnings Rise Y/Y, Stock Rallies

Hawaiian Electric Industries, Inc. (HE) CEO Connie Lau on Q3 2020 Results - Earnings Call Transcript

Shares of Hawaiian Electric Indus (NYSE:HE) were flat in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 1.72% over the past year to $0.59, which beat the estimate of $0.51.

Hawaiian Electric: Q3 Earnings Insights

HONOLULU, Nov. 4, 2020 /PRNewswire/ -- On November 3, 2020, the Board of Directors of Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) maintained HEI's quarterly cash dividend of $0.33 cents per share, payable December 10, 2020, to shareholders of record at the close of business on...

HEI Maintains Quarterly Dividend Of $0.33 Per Share

HONOLULU, Oct. 16, 2020 /PRNewswire/ -- Hawaiian Electric Industries, Inc. (HEI) (NYSE: HE) will announce its third quarter 2020 financial results on Friday, November 6, 2020. In addition, American Savings Bank, F.S.B. (American), a wholly owned indirect subsidiary of HEI, will announce...

Hawaiian Electric Industries, Inc. To Announce Third Quarter 2020 Financial Results On November 6, 2020; American Savings Bank To Announce Third Quarter Financial Results On October 30, 2020

HONOLULU, Sept. 16, 2020 /PRNewswire/ -- Hawaiian Electric, a subsidiary of Hawaiian Electric Industries, Inc.

New renewable projects submitted to regulators will produce lower-cost electricity, advance clean energy

HONOLULU, Sept. 15, 2020 /PRNewswire/ -- Hawaiian Electric Industries, Inc.

HEI Releases First Consolidated Environmental, Social and Governance (ESG) Report

HEI (HE) Down 2.1% Since Last Earnings Report: Can It Rebound?

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Hawaiian Electric's (HE) total revenues in the second quarter decline 14.9% year over year, primarily due to decreased contributions from the Electric Utility and Bank segments.

Hawaiian Electric's (HE) Q2 Earnings & Revenues Decline Y/Y

Hawaiian Electric Industries (HE) CEO Connie Lau on Q2 2020 Results - Earnings Call Transcript

HONOLULU, Aug. 6, 2020 /PRNewswire/ -- Hawaiian Electric Industries, Inc.

HEI Reports Second Quarter 2020 Results

HONOLULU, July 30, 2020 /PRNewswire/ -- American Savings Bank, F.S.B. (American), a wholly-owned subsidiary of Hawaiian Electric Industries, Inc.

American Savings Bank Reports Second Quarter 2020 Financial Results

Why Is HEI (HE) Up 8.3% Since Last Earnings Report?

HONOLULU, May 28, 2020 /PRNewswire/ -- Hawaiian Electric, a subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE), today revised its pending rate request and will now seek no increase in its rates on O'ahu. In its August 2019 application to the Public Utilities Commission (PUC), the...

Hawaiian Electric proposes no increase in O'ahu rates

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News for Hawaiian Electric Industries Stock (HE)