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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.

Rhea-AI Summary
Hawaiian Electric responds to lawsuit filed by County of Maui regarding fires in West Maui. Power lines were de-energized at the time of the second fire. Company stands ready to work with communities. Lawsuit may leave no choice but to show responsibility in legal system.
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Hawaiian Electric Industries (HEI) reported a net income of $54.6 million and diluted EPS of $0.50 for Q2 2023. The utility grew net income to $45.3 million and the bank, American Savings Bank (ASB), delivered solid results with net income of $20.2 million. HEI's utility is executing well on its capital plan and ASB's credit quality remains strong. HEI declared a quarterly cash dividend of $0.36 per share.
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Rhea-AI Summary
Hawaiian Electric Industries (HEI) reported a net income of $54.6 million and diluted EPS of $0.50 for Q2 2023. The utility grew net income to $45.3 million and the bank, American Savings Bank (ASB), delivered solid results with net income of $20.2 million. HEI's utility is executing well on its capital plan and ASB's credit quality remains strong. HEI declared a quarterly cash dividend of $0.36 per share.
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-4.76%
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Rhea-AI Summary
Hawaiian Electric Industries, Inc. (HEI) has declared a quarterly cash dividend of $0.36 per share, payable on September 8, 2023. The dividend is equivalent to an annual rate of $1.44 per share. HEI's dividend yield is 3.8% based on the closing share price on August 3, 2023.
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Hawaiian Electric Industries, Inc. (HEI) has declared a quarterly cash dividend of $0.36 per share, payable on September 8, 2023. The dividend is equivalent to an annual rate of $1.44 per share. HEI's dividend yield is 3.8% based on the closing share price on August 3, 2023.
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Rhea-AI Summary
American Savings Bank, F.S.B. (ASB), a subsidiary of Hawaiian Electric Industries, Inc., reported a net income of $20.2 million for the second quarter of 2023, compared to $18.6 million in the previous quarter. The company's credit quality remains strong, with a solid capital position and ample liquidity. Net interest income was $63.2 million, and noninterest income was $15.6 million. Total loans increased by 2.7% to $6.1 billion, while total deposits slightly decreased to $8.2 billion. ASB paid dividends of $11.0 million to HEI.
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Hawaiian Electric Industries, Inc. (HEI) will announce its second quarter 2023 financial results on August 7. American Savings Bank, F.S.B. (ASB), a subsidiary of HEI, will announce its results on July 28. HEI will conduct a webcast and conference call on August 7 to discuss earnings and regulatory matters.
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Alexander & Baldwin, Inc. (A&B) has appointed Shelee Kimura to serve on its Board of Directors, effective July 1, 2023. Kimura is the president and CEO of Hawaiian Electric Company, Inc. She brings exceptional leadership experience and a commitment to Hawai'i. Michele Saito, a director since 2012, is leaving the Board to focus on family and community. Lance Parker, the incoming CEO, has also been appointed as a director.
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Hawaiian Electric Industries, Inc.

NYSE:HE

HE Rankings

HE Stock Data

1.24B
109.51M
0.34%
60.68%
15.08%
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.