Skip to Content

Hawaiian Electric Industries Inc HE

Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Hawaiian Electric Reverses Reserves Due to Improving Outlook for American Savings Bank

Charles Fishman, CFA Equity Analyst

Analyst Note

| Charles Fishman, CFA |

We are increasing our fair value estimate to $37.50 per share from $36.50 after Hawaiian Electric Industries reported strong second-quarter results and increased 2021 EPS guidance to $2.00-$2.20 from $1.90-$2.05. We increased our 2021 EPS estimate to $2.11 from $2.00, driven by the improved outlook for American Savings Bank’s loan portfolio.

Read Full Analysis

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 to 95% of the state on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Although the majority of electricity is produced by oil-fired power plants, over 25% 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.

1001 Bishop Street, Suite 2900
Honolulu, HI, 96813
T +1 808 543-5662
Sector Utilities
Industry Utilities - Diversified
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 3,702