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Hawaiian Elec Industries - HE STOCK NEWS

Welcome to our dedicated page for Hawaiian Elec Industries news (Ticker: HE), a resource for investors and traders seeking the latest updates and insights on Hawaiian Elec Industries stock.

Overview

Hawaiian Electric Industries is the cornerstone of Hawaii's energy infrastructure, operating as the primary regulated provider of electricity across multiple islands. With a robust portfolio comprising three utility subsidiaries, the company plays a critical role in delivering reliable, regulated electrical power to the vast majority of the state’s residents. As a major entity in the utilities sector, it integrates advanced industry practices with stringent regulatory standards, ensuring a consistent and secure energy supply to communities in Oahu, Hawaii, Maui, Molokai, and Lanai.

Business Operations and Utility Services

The core business of Hawaiian Electric Industries revolves around the generation, transmission, and distribution of electrical energy. Its operations are segmented into three regional utilities, each tailored to the unique demands and regulatory frameworks of its respective service areas. This diversification not only stabilizes revenue streams but also enhances operational resilience by addressing the specific energy needs of varied geographic zones within the state.

Regulated Utility Framework

Operating within a highly regulated market, the company benefits from a business model that guarantees consistent returns through regulatory oversight. This framework ensures that service quality, pricing structures, and infrastructural investments are maintained at levels that benefit both consumers and the overall energy market. The regulated utility model also underlines the company’s commitment to transparency and accountability in its operations.

Strategic Financial Interests

Beyond its central role in energy provision, Hawaiian Electric Industries holds a strategic minority interest in a local financial institution. This diversified involvement reflects a broader approach to business stability and risk management, allowing the company to leverage financial synergies between its core utility operations and ancillary financial investments.

Market Position and Industry Relevance

Within the competitive landscape of the utilities industry, Hawaiian Electric Industries distinguishes itself through its deep-rooted understanding of the local market and regulatory environment. By serving a geographically concentrated yet highly dynamic region, the company effectively aligns its operational strategy with the intricacies and demands of Hawaii’s energy sector. Industry professionals recognize its operational expertise and commitment to maintaining comprehensive, reliable energy services, underscoring its significance in both local and broader industry contexts.

Expertise and Operational Excellence

The company is widely acknowledged for its advanced technical capabilities, which encompass sophisticated grid management, preventive maintenance strategies, and the integration of modern energy technologies. Such initiatives are indicative of its commitment to not only sustaining high-quality energy delivery but also adapting to evolving market requirements. Through consistently high operational standards, Hawaiian Electric Industries reinforces its position as an authoritative and trustworthy entity in the regulated utilities space.

Investor Considerations

For researchers and investors seeking an in-depth view of Hawaii’s utilities market, Hawaiian Electric Industries presents a case study in the effective application of regulatory compliance, risk management, and service diversification. The company’s emphasis on steady utility operations, combined with strategic financial interests, makes it a focal point for understanding the broader trends within the energy sector. The detailed breakdown of its business model, from geographically segmented services to its integrated approach in handling market dynamics, provides valuable insights into the mechanics of a stable, regulated energy provider.

Conclusion

In summary, Hawaiian Electric Industries exemplifies the robust, multifaceted nature of modern utility service providers. It effectively combines the reliability of regulated energy production with strategic business diversification to maintain its pivotal status in Hawaii’s energy landscape. This comprehensive overview is designed to furnish both seasoned investors and industry analysts with a detailed understanding of the company’s operations, strategic positioning, and operational determinants.

News
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Hawaiian Electric Industries, Inc. (HEI) reported a full-year net income of $199.2 million and diluted earnings per share of $1.81 for 2023, including expenses related to Maui wildfires and balance sheet repositioning. Despite challenges, core businesses performed well, with the utility focusing on resilience work in West Maui. ASB also strengthened its balance sheet through the sale of low-yielding securities. HEI's dividend was reduced to support utility operations. ASB reported a net income of $53.4 million for 2023, with a focus on balance sheet optimization and improved profitability.
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American Savings Bank, F.S.B. (ASB) reported a net income of $53.4 million in 2023, compared to $80.0 million in 2022. The net income included $8.3 million of Maui wildfire-related expenses after tax and an $11.0 million after-tax loss on the sale of investment securities. The bank maintained a strong liquidity position and support of a loyal, long-tenured deposit base. Net interest income was $252.0 million in 2023, compared to $252.6 million in 2022. Noninterest income for 2023 was $45.4 million compared to $57.0 million in 2022. Total earning assets were $9.2 billion as of December 31, 2023, up 0.50% from December 31, 2022.
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Hawaiian Electric Industries, Inc. (HEI) will announce its Q4 and full year 2023 financial results on February 13, with a webcast and conference call to discuss the results. American Savings Bank, F.S.B. (ASB), a subsidiary of HEI, will also announce its financial results on January 30. The conference call details and presentation materials can be accessed on HEI's website.
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Hawaiian Electric Company, Inc. (HEI) has announced the selection of its proposal to replace aging fossil-fuel generators at its Waiau Power Plant with more efficient, fuel-flexible units. The 253-megawatt project is part of a competitive procurement process for firm renewable generation on Oʻahu, and will be the largest generation project in the company's 132-year history. The project aims to transition to cleaner renewable fuels and is expected to result in significant cost savings over 30 years.
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Hawaiian Electric Industries, Inc. (NYSE - HE) reported a 3Q23 net income of $41.1M and EPS of $0.37, with $27.6M of pre-tax Maui wildfire-related expenses. Core businesses are performing well, and ASB HONOLULU maintains solid credit quality and capital position.
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Hawaiian Electric Industries, Inc. (NYSE: HE) announces the One 'Ohana Initiative, a $150 million fund to support families affected by the recent fires in Hawaii. The initiative provides expedited substantial payments to families who have lost a loved one or were severely injured, aiming to support their healing and a path forward. Hawaiian Electric will contribute up to $75 million to the fund, funded by insurance, not customers.
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American Savings Bank, F.S.B. (ASB), a subsidiary of Hawaiian Electric Industries, reported 3Q 2023 net income of $11.4 million, compared to $20.2 million in 2Q 2023 and $20.8 million in 3Q 2022. Core net income for 3Q 2023 was $17.6 million. Net interest income was $62.6 million, and net interest margin was 2.70%. Provision for credit losses was $8.8 million. Noninterest income was $15.3 million, and noninterest expense was $56.3 million. Total loans were $6.2 billion, and total deposits were $8.2 billion. Return on average equity was 9.2%, and return on average assets was 0.47%. ASB had a Tier 1 leverage ratio of 7.7%.
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Hawaiian Electric Industries, Inc. (HEI) will announce its Q3 2023 financial results on November 9. American Savings Bank, F.S.B. (ASB) will announce its Q3 2023 financial results on October 30. HEI will discuss earnings guidance and regulatory matters in a conference call.
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HEI announces leadership plans at Hawaiian Electric Company, with CFO Tayne Sekimura retiring on September 30, 2023. Paul Ito will serve as SVP, CFO & treasurer of Hawaiian Electric until approximately December 31, 2024. Scott DeGhetto appointed EVP, CFO & treasurer of HEI from October 1, 2023, through December 31, 2024. Positive: Smooth transition in leadership. Negative: No significant negative impact expected.
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Hawaiian Electric responds to lawsuit filed by County of Maui regarding fires in West Maui. Power lines were de-energized at the time of the second fire. Company stands ready to work with communities. Lawsuit may leave no choice but to show responsibility in legal system.
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FAQ

What is the current stock price of Hawaiian Elec Industries (HE)?

The current stock price of Hawaiian Elec Industries (HE) is $10.38 as of April 3, 2025.

What is the market cap of Hawaiian Elec Industries (HE)?

The market cap of Hawaiian Elec Industries (HE) is approximately 1.9B.

What is the core business of Hawaiian Electric Industries?

Hawaiian Electric Industries focuses on the generation, transmission, and distribution of electricity. Its operations are centered on providing regulated utility services to various regions of Hawaii.

Which regions does the company serve?

The company supplies electricity to communities on the islands of Oahu, Hawaii, Maui, Molokai, and Lanai, ensuring a broad and stable energy network in the state.

What are the key subsidiaries of Hawaiian Electric Industries?

The company operates through three primary regulated utility subsidiaries, each responsible for delivering tailored energy solutions within their specific service areas in Hawaii.

How does the regulated utility model benefit the company?

The regulated utility model provides financial stability and operational reliability by ensuring adherence to strict standards and consistent returns, backed by regulatory oversight.

Does Hawaiian Electric Industries have interests outside of energy production?

Yes, aside from its core utility operations, the company holds a minority interest in a local financial institution, reflecting a diversified approach to risk management.

How is the company positioned within the competitive energy market?

Its deep market knowledge and adherence to rigorous operational standards enable it to effectively meet Hawaii’s unique energy demands, distinguishing it within a highly regulated industry.

What role does technology play in the company’s operations?

The company invests in advanced grid management and energy distribution technologies to ensure reliable service and maintenance excellence, reinforcing its operational resilience.

What should investors know about the company's business model?

Investors should note that the business model relies on regulated revenue streams and strategic diversification through utility operations and ancillary financial interests, ensuring steady performance.
Hawaiian Elec Industries

NYSE:HE

HE Rankings

HE Stock Data

1.86B
172.20M
0.2%
72.78%
8.98%
Utilities - Regulated Electric
Electric Services
Link
United States
HONOLULU