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Hawaiian Electric Industries Inc   (HE)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $11.1600 $0.13 1.179%
Day's High: $11.35 Week Perf: -4.86 %
Day's Low: $ 11.02 30 Day Perf: -10.51 %
Volume (M): 3,323 52 Wk High: $ 40.16
Volume (M$): $ 37,080 52 Wk Avg: $22.95
Open: $11.08 52 Wk Low: $9.06



 Market Capitalization (Millions $) 1,228
 Shares Outstanding (Millions) 110
 Employees -
 Revenues (TTM) (Millions $) 3,682
 Net Income (TTM) (Millions $) 201
 Cash Flow (TTM) (Millions $) 490
 Capital Exp. (TTM) (Millions $) 448

Hawaiian Electric Industries Inc
Hawaiian Electric Industries, Inc. (HEI) is a public utility holding company headquartered in Honolulu, Hawaii. The company operates through two subsidiaries: Hawaiian Electric Company, Inc. (HECO) and American Savings Bank, FSB (ASB). HECO is the largest utility company in Hawaii, where it generates and distributes electricity to over 95% of the population. ASB is the third largest bank in Hawaii, with over 50 branches across the state.

HEI was founded in 1891, and has a long history of providing reliable and affordable energy services to the people of Hawaii. The company has developed a diversified fuel mix, consisting of renewable and non-renewable sources, to ensure energy security for the state. HECO operates a mix of power plants, including coal, oil, natural gas, and renewable energy sources such as wind, solar, hydro, and geothermal. In 2020, HECO generated over 3,600 gigawatt-hours (GWh) of electricity from renewable sources, which is equivalent to 33% of its total electricity generated.

HEI has also implemented various programs to promote energy efficiency and conservation among its customers. These programs include rebates for energy-efficient appliances, lighting, and HVAC systems, as well as demand response programs that incentivize customers to reduce their energy usage during times of peak demand.

Aside from its energy business, HEI has a strong presence in the financial industry through its subsidiary, ASB. The bank offers a range of financial products and services, including personal and business banking, home loans, and investment services. ASB has been recognized for its commitment to the community, supporting various nonprofit organizations and initiatives in Hawaii.

Overall, Hawaiian Electric Industries, Inc. is a vital part of Hawaiies economy, providing essential energy and financial services to the people of the state. The company has demonstrated a commitment to sustainability and community development, and continues to evolve in response to changing energy and financial trends.


   Company Address: 1001 Bishop Street Honolulu 96813 HI
   Company Phone Number: 543-5662   Stock Exchange / Ticker: NYSE HE
   


   

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Hawaiian Electric Industries Inc

Hawaiian Electric Industries Inc sees mixed results in 2023 financials and Q1 2024 earnings



The financial results of Hawaiian Electric Industries Inc for the year 2023, as well as the first quarter of 2024, paint a mixed picture. While the company saw some declines in income and revenue, it also experienced growth in sequential earnings per share (EPS). Understanding the repercussions of these financial outcomes is crucial to gain insights into how Hawaiian Electric Industries Inc may perform in the future.
Revenue and Income:
Hawaiian Electric Industries Inc faced a decrease in revenue by -6.157% to $956.37 million in the closing quarter of December 31, 2023, compared to the previous year. Sequentially, the revenue saw growth of 6.043% from $901.87 million. Similarly, the company's income fell by -15.39% to $0.44 per share, indicating a decline in profitability.

Hawaiian Electric Industries Inc

Hawaiian Electric Industries Inc (HE) Reports Significant Decline in Third-Quarter 2023 Revenue and Profits

Hawaiian Electric Industries Inc (HE) recently announced its third-quarter earnings for 2023, revealing a soft top and bottom-line performance. The company experienced a significant drop in net profit per share by -35.09% and a decline in revenue by -13.464% year on year. The revenue for this quarter stood at $901.87 million, compared to $1.04 billion in the third quarter of 2022, while the earnings per share (EPS) decreased from $0.57 to $0.37.
The company's income over the past three months also witnessed a decline of -26% from $0.50 per share, while the revenue grew modestly by 0.691% from $895.69 million. Furthermore, the bottom line for the third quarter of 2023 earnings season plummeted by -33.51% to $41.589 million compared to $62.553 million during the same period in the previous year.

Hawaiian Electric Industries Inc

Revenue Soars but Profits Plummet in Fiscal Shock for Hawaiian Electric Industries Inc



Hawaiian Electric Industries Inc, a prominent electric utilities company, recently released its financial results for the most recent fiscal period. The company experienced a decline in earnings per share (EPS), despite impressive revenue growth. This article will delve into the implications of these results and discuss how they may shape the future outlook of the company.
Earnings and Revenue Performance:
In the most recent fiscal period, Hawaiian Electric Industries Inc witnessed a 20.63% reduction in EPS, reaching $0.50 per share. However, the company managed to achieve an admirable revenue increase of 14.09% to $895.69 million, compared to the corresponding quarter of the previous year.






 

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