Hawaiian Electric Earnings: Higher Costs, Low Earned Returns Are Headwinds
Hawaiian Electric Industries reported second-quarter core operating earnings per share of $0.13, down from $0.20 in the year-ago period.
Hawaiian Electric Industries Inc HE
Bulls Say, Bears Say
Bulls
Regulation in Hawaii has improved. Performance-based ratemaking reduces earnings volatility while offering opportunities for management to earn incentives.
Bears
Wildfires in Hawaiian Electric's service territory have significantly increased investor risk.
News
Trading Information
- Previous Close Price
- $11.83
- Day Range
- $11.71–11.92
- 52-Week Range
- $10.79–17.38
- Bid/Ask
- $11.73 / $11.89
- Shares Outstanding
- 172.73M
- Market Cap
- $2.03B
- Volume/Avg
- 2M / 2M
Key Statistics
- Price/Earnings (Normalized)
- 15.85
- Price/Sales
- 0.62
- Dividend Yield (Trailing)
- 0.00%
- Dividend Yield (Forward)
- 0.00%
- Total Yield
- —
Company Profile
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and owns a 10% minority interest in Hawaii's American Savings Bank. The utilities provide electricity on the islands of Oahu, Hawaii, Maui, Molokai, and Lanai.
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Stock Style Box
- Small Value
- Total Number of Employees
- 2,675
- Website
- https://www.hei.com
Competitors
Valuation
|
Metric
|
HE
|
EVRG
|
AEE
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.85 | 20.90 | 20.47 |
Price/Book Value | 1.15 | 1.90 | 2.22 |
Price/Sales | 0.62 | 3.25 | 3.46 |
Price/Cash Flow | — | 8.84 | 8.68 |
Price/Earnings
HE
EVRG
AEE
Financial Strength
|
Metric
|
HE
|
EVRG
|
AEE
|
|---|---|---|---|
Quick Ratio | 0.60 | 0.05 | 0.26 |
Current Ratio | 0.99 | 0.45 | 0.53 |
Interest Coverage | 3.06 | 2.48 | 3.04 |
Quick Ratio
HE
EVRG
AEE
Profitability
|
Metric
|
HE
|
EVRG
|
AEE
|
|---|---|---|---|
Return on Assets (Normalized) | 2.49% | 2.78% | 3.05% |
Return on Equity (Normalized) | 13.34% | 9.29% | 11.29% |
Return on Invested Capital (Normalized) | 6.46% | 6.14% | 6.51% |
Return on Assets
HE
EVRG
AEE
Utilities - Regulated Electric Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| NextEra Energy Inc
NEE
| LOCK|g<<bH#& | LOCK|jdVS | $180B | |||
| Southern Co
SO
| LOCK|p!<?LZ% | LOCK|h^^ZH | $107B | |||
| Duke Energy Corp
DUK
| LOCK|<F&%<& | LOCK|$vPd# | $97B | |||
| National Grid PLC ADR
NGG
| LOCK|>w&#RPM | LOCK|@q#n | $81B | |||
| American Electric Power Co Inc
AEP
| LOCK|RY^j>h! | LOCK|Ts#DQ | $68B | |||
| Dominion Energy Inc
D
| LOCK|&<$QQdk | LOCK|XvtF | $60B | |||
| PG&E Corp
PCG
| LOCK|?CwFBM | LOCK|m# | $54B | |||
| Entergy Corp
ETR
| LOCK|fbT@k% | LOCK|JGn% | $50B | |||
| Xcel Energy Inc
XEL
| LOCK|mT$$@kX | LOCK|m>Zr^ | $49B | |||
| Exelon Corp
EXC
| LOCK|%T>n@Z | LOCK|lMFc | $47B |
United States