Credit Position ImprovementThe company is improving its credit position by issuing common equity, establishing a special purpose vehicle for settlement payments, and maintaining a significant cash balance.

Debt ReductionThe proceeds from the sale are intended to reduce holding company debt and increase financial flexibility for utility initiatives.

Wildfire LegislationThe company plans to propose simplified wildfire legislation focusing on a disaster relief fund with potential benefits from a liability shield.

Bears Say

Earnings OutlookThe sale of the bank stake resulted in a reduction of estimated earnings per share for the company.

Financial PerformanceThe sale of a 90.1% stake in American Savings Bank was completed at a significant discount compared to its tangible book value.

Regulatory And Financial RisksUncertain legislative session and critical de-risking event on approval of Hawaiian Electric's pending settlement on legacy Maui wildfires remain unresolved.

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Financials

Annual

Income Statement >

Options Prices

Detailed Option Prices >

Ownership Overview

0.09% Insiders

16.24% Mutual Funds

0.37% Other Institutional Investors

62.61% Public Companies and Individual Investors

Detailed Ownership Overview >

Risk Analysis

Main Risk Category

Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy

Detailed Risk Analysis >

Website Traffic

Sorry, No Data Available

There is no website visitor data available for this stock.

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HE FAQ

What was Hawaiian Electric’s price range in the past 12 months?

Hawaiian Electric lowest stock price was $7.61 and its highest was $18.19 in the past 12 months.

What is Hawaiian Electric’s market cap?

Hawaiian Electric’s market cap is $1.54B.

When is Hawaiian Electric’s upcoming earnings report date?

Hawaiian Electric’s upcoming earnings report date is Feb 18, 2025 which is in 18 days.

How were Hawaiian Electric’s earnings last quarter?

Hawaiian Electric released its earnings results on Nov 08, 2024. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.525 by -$0.065.

Is Hawaiian Electric overvalued?

According to Wall Street analysts Hawaiian Electric’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Hawaiian Electric pay dividends?

Hawaiian Electric pays a Quarterly dividend of $0.36 which represents an annual dividend yield of N/A. See more information on Hawaiian Electric dividends here

What is Hawaiian Electric’s EPS estimate?

Hawaiian Electric’s EPS estimate is 0.35.

How many shares outstanding does Hawaiian Electric have?

Hawaiian Electric has 172,465,600 shares outstanding.

What happened to Hawaiian Electric’s price movement after its last earnings report?

Hawaiian Electric reported an EPS of $0.46 in its last earnings report, missing expectations of $0.525. Following the earnings report the stock price went down -6.297%.

Which hedge fund is a major shareholder of Hawaiian Electric?

Currently, no hedge funds are holding shares in HE

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Hawaiian Electric Stock Smart Score

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Fundamentals

Return on Equity

-67.55%

Trailing 12-Months

Asset Growth

4.35%

Trailing 12-Months

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Company Description

Hawaiian Electric

Hawaiian Electric Industries, Inc. is a holding company, which through its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment involves in the generation, purchase, transmission, distribution, and sale of electric energy in the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment offers general banking services to individual and business customers through its branch system. The Other segment refers to corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

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HE Company Deck

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HE Earnings Call

Q3 2024

0:00 / 0:00

Earnings Call Sentiment|Neutral

The earnings call outlined both positive advancements in wildfire settlement and mitigation efforts, strong bank performance, and resolution of a going concern issue. However, these were offset by significant onetime losses, decreased utility income, and strategic challenges at Pacific Current.Read More>

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