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Hawaiian Electric Industries Inc - Stock Quote HE

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Morningstar's Hawaiian Electric Industries Inc Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Hawaiian Electric Remains on Track to Meet Full-Year Expectations

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are maintaining our $39 per share fair value estimate, narrow moat rating, and stable moat trend after Hawaiian Electric Industries reported first-quarter operating EPS of $0.63 compared with $0.59 in the same year-ago period. The company reaffirmed 2022 earnings guidance of $2.00 to $2.20 per share, in line with our estimate.

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Hawaiian Electric Industries Inc's Company Profile

Business Description

Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's third- largest financial institution, American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.

Contact
1001 Bishop Street, Suite 2900
Honolulu, HI, 96813
T +1 808 543-5662
Sector Utilities
Industry Utilities - Diversified
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 3,649

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