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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 (HEI) reported a net income of $54.6 million and diluted EPS of $0.50 for Q2 2023. The utility grew net income to $45.3 million and the bank, American Savings Bank (ASB), delivered solid results with net income of $20.2 million. HEI's utility is executing well on its capital plan and ASB's credit quality remains strong. HEI declared a quarterly cash dividend of $0.36 per share.
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Hawaiian Electric Industries, Inc. (HEI) has declared a quarterly cash dividend of $0.36 per share, payable on September 8, 2023. The dividend is equivalent to an annual rate of $1.44 per share. HEI's dividend yield is 3.8% based on the closing share price on August 3, 2023.
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American Savings Bank, F.S.B. (ASB), a subsidiary of Hawaiian Electric Industries, Inc., reported a net income of $20.2 million for the second quarter of 2023, compared to $18.6 million in the previous quarter. The company's credit quality remains strong, with a solid capital position and ample liquidity. Net interest income was $63.2 million, and noninterest income was $15.6 million. Total loans increased by 2.7% to $6.1 billion, while total deposits slightly decreased to $8.2 billion. ASB paid dividends of $11.0 million to HEI.
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Hawaiian Electric Industries, Inc. (HEI) will announce its second quarter 2023 financial results on August 7. American Savings Bank, F.S.B. (ASB), a subsidiary of HEI, will announce its results on July 28. HEI will conduct a webcast and conference call on August 7 to discuss earnings and regulatory matters.
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Alexander & Baldwin, Inc. (A&B) has appointed Shelee Kimura to serve on its Board of Directors, effective July 1, 2023. Kimura is the president and CEO of Hawaiian Electric Company, Inc. She brings exceptional leadership experience and a commitment to Hawai'i. Michele Saito, a director since 2012, is leaving the Board to focus on family and community. Lance Parker, the incoming CEO, has also been appointed as a director.
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Hawaiian Electric Industries, Inc. (HEI) declares a quarterly cash dividend of $0.36 per share, payable on June 9, 2023. Dividend yield is 3.7% based on the closing share price on May 4, 2023.
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Hawaiian Electric Industries, Inc. (HEI) is set to announce its first quarter 2023 financial results on May 9, 2023. The company will hold a conference call at 10:15 a.m. Hawaii time to discuss consolidated earnings and 2023 guidance. American Savings Bank, a subsidiary of HEI, will report its results on April 28, 2023. Investors can access the call through a dial-in number or by visiting HEI's website. The replay of the call will be available online for an extended period after the event. HEI, along with Hawaiian Electric, aims to keep investors informed via its website and SEC filings. The company plays a crucial role in Hawaii's economy, providing energy and financial services while focusing on sustainable initiatives.

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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 $10.96 as of April 1, 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

1.90B
172.13M
0.2%
72.78%
8.98%
Utilities - Regulated Electric
Electric Services
Link
United States
HONOLULU