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Hawaiian Electric Industries I

The company you're referring to is most likely Hawaiian Electric Industries (HE), which is a public utility holding company based in Hawaii. HE operates through two main subsidiaries: Hawaiian Electric Company, Inc. and American Savings Bank.

Hawaiian Electric Company, Inc. is the largest electric utility in the state of Hawaii, providing electricity to over 95% of the state's population through its subsidiary companies on the islands of Oahu, Maui, and Hawaii. The company's primary focus is on the generation, transmission, and distribution of electricity, and it has a strong commitment to renewable energy, with a goal of generating 100% of its electricity from renewable resources by 2045.

In terms of financial performance, HE has reported solid earnings in recent years, with revenue of $3.3 billion and net income of $240 million in 2020. The company's earnings have grown steadily over the past five years, with a compound annual growth rate (CAGR) of 9.3% from 2016 to 2020. Additionally, HE has a strong balance sheet, with a debt-to-equity ratio of 1.1 and a current ratio of 1.2, indicating that it has sufficient liquidity to meet its short-term obligations.

HE's stock price has also performed well in recent years, with a five-year total return of 73.3% as of February 2023. The company has a dividend yield of 2.6%, which is above the average for the utilities sector, and it has increased its dividend annually for the past 15 years.

Overall, HE is a well-established public utility company with a strong financial performance, a commitment to renewable energy, and a solid track record of dividend payments. However, as with any investment, it's important to conduct your own research and consider your individual investment goals and risk tolerance before making a decision.