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Hawaiian Electric Industries, Inc. - HE STOCK NEWS

Welcome to our dedicated news page for Hawaiian Electric Industries (Ticker: HE), a resource for investors and traders seeking the latest updates and insights on Hawaiian Electric Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hawaiian Electric Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hawaiian Electric Industries's position in the market.

News
Hawaiian Electric Industries to Announce First Quarter 2024 Results May 10; American Savings Bank to Announce First Quarter 2024 Results April 30
Rhea-AI Summary
Hawaiian Electric Industries, Inc. (HEI) will announce its first quarter 2024 financial results on May 10, with a webcast and conference call scheduled. American Savings Bank, a subsidiary of HEI, will announce its results on April 30.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
earnings
-
News
HEI Reports 2023 Results
Rhea-AI Summary
Hawaiian Electric Industries, Inc. (HEI) reported a full-year net income of $199.2 million and diluted earnings per share of $1.81 for 2023, including expenses related to Maui wildfires and balance sheet repositioning. Despite challenges, core businesses performed well, with the utility focusing on resilience work in West Maui. ASB also strengthened its balance sheet through the sale of low-yielding securities. HEI's dividend was reduced to support utility operations. ASB reported a net income of $53.4 million for 2023, with a focus on balance sheet optimization and improved profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.88%
Tags
none
-
News
American Savings Bank Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
American Savings Bank, F.S.B. (ASB) reported a net income of $53.4 million in 2023, compared to $80.0 million in 2022. The net income included $8.3 million of Maui wildfire-related expenses after tax and an $11.0 million after-tax loss on the sale of investment securities. The bank maintained a strong liquidity position and support of a loyal, long-tenured deposit base. Net interest income was $252.0 million in 2023, compared to $252.6 million in 2022. Noninterest income for 2023 was $45.4 million compared to $57.0 million in 2022. Total earning assets were $9.2 billion as of December 31, 2023, up 0.50% from December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.26%
Tags
earnings
News
HEI to Announce Fourth Quarter and Full Year 2023 Results February 13; American Savings Bank to Announce 2023 Results January 30
Rhea-AI Summary
Hawaiian Electric Industries, Inc. (HEI) will announce its Q4 and full year 2023 financial results on February 13, with a webcast and conference call to discuss the results. American Savings Bank, F.S.B. (ASB), a subsidiary of HEI, will also announce its financial results on January 30. The conference call details and presentation materials can be accessed on HEI's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
earnings
-
News
Hawaiian Electric’s Waiau Repower Project Selected
Rhea-AI Summary
Hawaiian Electric Company, Inc. (HEI) has announced the selection of its proposal to replace aging fossil-fuel generators at its Waiau Power Plant with more efficient, fuel-flexible units. The 253-megawatt project is part of a competitive procurement process for firm renewable generation on Oʻahu, and will be the largest generation project in the company's 132-year history. The project aims to transition to cleaner renewable fuels and is expected to result in significant cost savings over 30 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
none
-
News
HEI Reports Third Quarter 2023 Results
Rhea-AI Summary
Hawaiian Electric Industries, Inc. (NYSE - HE) reported a 3Q23 net income of $41.1M and EPS of $0.37, with $27.6M of pre-tax Maui wildfire-related expenses. Core businesses are performing well, and ASB HONOLULU maintains solid credit quality and capital position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.13%
Tags
earnings
News
Hawaiian Electric supports One ‘Ohana Initiative with statewide partners to aid healing, path forward for Hawai';i
Rhea-AI Summary
Hawaiian Electric Industries, Inc. (NYSE: HE) announces the One 'Ohana Initiative, a $150 million fund to support families affected by the recent fires in Hawaii. The initiative provides expedited substantial payments to families who have lost a loved one or were severely injured, aiming to support their healing and a path forward. Hawaiian Electric will contribute up to $75 million to the fund, funded by insurance, not customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
none
-
News
American Savings Bank Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
American Savings Bank, F.S.B. (ASB), a subsidiary of Hawaiian Electric Industries, reported 3Q 2023 net income of $11.4 million, compared to $20.2 million in 2Q 2023 and $20.8 million in 3Q 2022. Core net income for 3Q 2023 was $17.6 million. Net interest income was $62.6 million, and net interest margin was 2.70%. Provision for credit losses was $8.8 million. Noninterest income was $15.3 million, and noninterest expense was $56.3 million. Total loans were $6.2 billion, and total deposits were $8.2 billion. Return on average equity was 9.2%, and return on average assets was 0.47%. ASB had a Tier 1 leverage ratio of 7.7%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
earnings
-
News
HEI to Announce Third Quarter 2023 Results November 9; American Savings Bank to Announce Third Quarter Results October 30
Rhea-AI Summary
Hawaiian Electric Industries, Inc. (HEI) will announce its Q3 2023 financial results on November 9. American Savings Bank, F.S.B. (ASB) will announce its Q3 2023 financial results on October 30. HEI will discuss earnings guidance and regulatory matters in a conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
Tags
earnings
News
Hawaiian Electric Industries Announces CFO Appointments
Rhea-AI Summary
HEI announces leadership plans at Hawaiian Electric Company, with CFO Tayne Sekimura retiring on September 30, 2023. Paul Ito will serve as SVP, CFO & treasurer of Hawaiian Electric until approximately December 31, 2024. Scott DeGhetto appointed EVP, CFO & treasurer of HEI from October 1, 2023, through December 31, 2024. Positive: Smooth transition in leadership. Negative: No significant negative impact expected.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
none
Stock HE logo
Hawaiian Electric Industries, Inc.

NYSE:HE

HE Rankings

#2300 Ranked by Market Cap
#5054 Ranked by Stock Gains
#49 Ranked by Dividends

HE Stock Data

1.18B
109.61M
0.33%
60.95%
14.57%
Nuclear Electric Power Generation
Utilities
Link
US
Honolulu

About HE

Hawaiian Electric Industries, Inc. is the largest supplier of electricity in the state of Hawaii, supplying power to 95% of Hawaiis population through its electric utilities: Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited.