Headquartered in Honolulu, HI Fiscal year ends December NYSE: HE hei.com
Hawaiian Electric Industries (HEI) is a holding company whose primary subsidiary, Hawaiian Electric Company, is a regulated electric utility serving approximately 95% of Hawaii's population across the islands of Oahu, Maui, Molokai, Lanai, and Hawaii Island. The utility operates generation, transmission, and distribution infrastructure and is undertaking a significant decarbonization and grid modernization effort, including large-scale renewable energy procurements and a comprehensive Wildfire Mitigation Plan following the 2023 Maui wildfires. HEI previously operated a bank subsidiary (American Savings Bank), which was sold, and retains other holding company operations including Pacific Current, which is under strategic review. The company's operations are entirely focused on the Hawaiian market, making it uniquely exposed to the state's energy costs, regulatory environment, tourism-driven economy, and wildfire risk. Updated
The defensive utility trade is breaking. With the 10-year Treasury yield at 4.45% and near the 91.1 percentile of its trailing 12-month range, the “bond proxy” argument that long anchored retirement portfolios…
Hawaiian Electric Industries (HEI) is a holding company whose primary subsidiary, Hawaiian Electric Company, is a regulated electric utility serving approximately 95% of Hawaii's population across the islands of Oahu, Maui, Molokai, Lanai, and Hawaii Island.
The Wall Street consensus 12-month price target for HE is $8.62.
