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Last $27.25 USD
Change Today 0.00 / 0.00%
Volume 0.0
HE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

hawaiian electric inds (HE) Snapshot

Open
$27.35
Previous Close
$27.25
Day High
$27.49
Day Low
$27.10
52 Week High
12/29/14 - $35.00
52 Week Low
09/15/14 - $24.91
Market Cap
2.9B
Average Volume 10 Days
417.9K
EPS TTM
$1.55
Shares Outstanding
107.5M
EX-Date
--
P/E TM
17.6x
Dividend
$1.24
Dividend Yield
4.55%
Current Stock Chart for HAWAIIAN ELECTRIC INDS (HE)

hawaiian electric inds (HE) Related Businessweek News

No Related Businessweek News Found

hawaiian electric inds (HE) Details

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the State of Hawaii. The company is involved in the production, purchase, transmission, distribution, and sale of electricity. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, sugarcane waste, municipal waste, and other bio fuels, as well as fuel oils. The company distributes and sells electricity on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai; and serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. Hawaiian Electric Industries, Inc. also provides banking and other financial services, including deposit products, such as savings accounts, checking accounts, money market accounts, and certificates of deposit; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans to consumers and business. The company was founded in 1891 and is headquartered in Honolulu, Hawaii.

3,965 Employees
Last Reported Date: 02/26/15
Founded in 1891

hawaiian electric inds (HE) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $815.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $543.7K
Chief Executive Officer of American Savings B...
Total Annual Compensation: $604.0K
President of Hawaiian Electric Company and Ch...
Total Annual Compensation: $406.6K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $412.4K
Compensation as of Fiscal Year 2014.

hawaiian electric inds (HE) Key Developments

Hawaiian Electric Industries, Inc. Declares Quarterly Dividend, Payable on September 10, 2015

On August 7, 2015, the board of directors maintained Hawaiian Electric Industries Inc.'s quarterly cash dividend of 0.31 cents per share, payable on September 10, 2015, to shareholders of record at the close of business on August 24, 2015 and the ex-dividend date is August 20, 2015. The dividend is equivalent to an annual rate of $1.24 per share.

Hawaiian Electric Industries Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015

Hawaiian Electric Industries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $623,912,000 compared to $798,657,000 a year ago. Total operating income was $72,730,000 compared to $83,183,000 a year ago. Income before income taxes was $56,402,000 compared to $65,071,000 a year ago. Net income for common stock was $35,018,000 or $0.33 per basic and diluted common share compared to $41,281,000 or $0.41 per basic and diluted common share a year ago. Core earnings per share, which excluded merger expenses, were $0.39 compared to $0.41 in the second quarter of 2014. Consolidated core net income was $0.9 million higher than the prior year, but EPS was $0.02 lower due to the increased number of shares settled through the equity forward agreement. Utility earnings were $32.8 million in the second quarter of 2015 compared to $34.2 million in the second quarter of 2014. Net income was primarily driven by higher interest-earning assets and fees related to the early payoff of commercial loans. For the six months, the company reported total revenues of $1,261,774,000 compared to $1,582,406,000 a year ago. Total operating income was $142,236,000 compared to $172,397,000 a year ago. Income before income taxes was $108,720,000 compared to $137,052,000 a year ago. Net income for common stock was $66,884,000 or $0.63 per basic and diluted common share compared to $87,068,000 or $0.85 per diluted common share a year ago. Net cash provided by operating activities was $104,303,000 compared to $46,195,000 a year ago. Capital expenditures were $142,236,000 compared to $149,253,000 a year ago. The company is reaffirming earnings guidance of $1.64 to $1.74 per share excluding any expenses relating to the pending merger and spinoff transactions. The 2015 impact of the dilution of the early equity forward settlement is approximately $0.04 a share. At the utility, there is no change to the EPS guidance range, but they are guiding toward the lower end of that range. To offset the impact of the PUC's May 28 decoupling order, the company is carefully managing expenses, and revising O&M guidance to approximately a 2% decline compared to 2014 levels instead of prior guidance of a 2% increase. The company lowered the 2015 CapEx to $250 million from $420 million, and correspondingly, revised 3-year forecast range of $0.8 billion to $1.7 billion. The 2015 the rate base growth is now expected to be 1.5% to 3%.

Hawaiian Electric Industries Inc. to Report Q2, 2015 Results on Aug 10, 2015

Hawaiian Electric Industries Inc. announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Aug 10, 2015

 

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Industry Analysis

HE

Industry Average

Valuation HE Industry Range
Price/Earnings 19.3x
Price/Sales 1.0x
Price/Book 1.5x
Price/Cash Flow 19.8x
TEV/Sales 0.2x
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