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Hawaiian Electric Industries Inc HE Stock Quote

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Morningstar‘s Stock Analysis HE

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Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Raising U.S. Electricity Demand Growth Outlook, Reaffirming Utilities Fair Value Estimates

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are reaffirming our fair value estimates for U.S. utilities after raising our 10-year annual U.S. electricity demand growth forecast to 1.4%, up from 1.2% in our previous forecast two years ago. We also are reaffirming our economic moat and moat trend ratings for all U.S. utilities.

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Key Statistics HE

Company Profile HE

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
Industry Utilities - Diversified
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 3,649

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