Hawaiian Electric Industries Inc
HE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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Hawaiian Electric's Bank Sale Helps Fund Wildfire Liability Settlement
Business Strategy and Outlook
Hawaiian Electric Industries will derive nearly all of its income from its electric utility after agreeing to sell a 90% stake in its American Savings Bank subsidiary for $405 million in late 2024. This will bring its portfolio of businesses more in line with its peers.
