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Hawaiian Electric Industries I
Public company Hawaiian Electric Industries I, also known as HEI, is a utility company that operates in the energy sector. The company, founded in 1891, is headquartered in Honolulu, Hawaii, and serves 95% of Hawaii's population.
Hawaiian Electric Industries, traded on the NYSE with the ticker symbol HE, came to be known as HEI. The company primarily operates through its subsidiaries, including Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company. In addition to electricity generation, distribution, and transmission, the company also offers financial services. With a market capitalization of $3.61 billion, Hawaiian Electric Industries falls within the Utilities Sector of the Energy Sector.
The company currently has a dividend yield of 3.94% and a PE ratio of 18.35. The stock price has fluctuated from a low of $26.66 to a high of $44.45 over the past 52 weeks.
HEI reported total revenue of $1.69 billion and net income of $153.5 million for 2022. The company's net income increased by 6.31% year over year. The company's gross profit margin is 54.25%, and its net profit margin is 9.25%.
The company produces 13.2 TWh of electricity, using 8.4% coal, 76.4% oil, 4.8% natural gas, and 10.4% renewable sources. The most significant emission from the combustion of oil and coal is carbon dioxide (CO2), sulfur dioxide (SO2), nitrogen oxides (NOx), and particulate matter. The company tries to reduce GHG emissions and increase the proportion of renewable energy. According to the sustainability report, HEI generated 21% of its electricity from renewable energy resources in 2022, which is a record for the company. The company also works to decrease greenhouse gas emissions through transportation electrification and the promotion of electric vehicles.
HEI has been recognized for its commitment to sustainability and environmental protection, including being named to the Dow Jones Sustainability World Index, the FTSE4Good Index, and the CDP Climate Disclosure Leadership Index.
In conclusion, HEI is a giant in the energy sector that provides energy delivery services to 95% of Hawaii's population. It has used various methods to reduce greenhouse gas emissions significantly. It is worth considering for long-term investment due to its solid financial situation and growth potential.
Here are key factors to consider before investing in HEI:
1. Hawaiian Electric Industries' earnings trend needs to be improved.
2. HEI needs to improve its financial health.
3. Investors should note that Hawaiian Electric Industries' EBITDA growth needs to be improved.
4. Hawaiian Electric Industries needs to improve its revenue growth.
One should assess their investment goals and risk tolerance and conduct extensive research before making investment decisions.