HighTower Advisors LLC Increases Investments in Hawaiian Electric Industries, Inc

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HighTower Advisors LLC recently announced a notable increase in their investments for Hawaiian Electric Industries ($NYSE:HE), Inc. (HEI). Founded more than a century ago, HEI is one of the largest investor-owned utilities in Hawaii that provides comprehensive energy solutions to customers across the state. The company is publicly traded and operates through three major subsidiaries: Hawaiian Electric Company, Inc., Maui Electric Company, Ltd., and Hawaii Electric Light Company, Inc. HEI has a longstanding commitment to providing customers with reliable services while also protecting the environment. In addition to developing renewable energy solutions and investing in infrastructure, the company is continually working to reduce emissions, implement conservation measures, and modernize grid infrastructure.

HighTower’s increased investment in HEI further solidifies the company’s status as a leading energy provider in the state. With this additional capital, HEI can continue to develop new and innovative solutions to meet the needs of its customers.

Price History

On Wednesday, HighTower Advisors LLC made a significant investment in Hawaiian Electric Industries, Inc. The stock opened at $35.7 for the day and closed at $35.9, indicating a 0.7% increase from the previous closing price of $35.7. This increase in the stock price is just one indication of the confidence that the company has among investors. The company is committed to providing safe, reliable electricity to all of its customers and is constantly investing in new technologies and services in order to provide better service. This investment will no doubt help to further stabilize the stock and help to ensure that Hawaiian Electric Industries, Inc. continues to provide reliable energy to its customers. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for HE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for HE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for HE. More…

Key Ratios Snapshot

Some of the financial key ratios for HE are shown below. More…

Analysis

At GoodWhale, we specialize in helping investors analyze the financials of companies for making informed decisions. We recently ran an analysis of HAWAIIAN ELECTRIC INDUSTRIES and based on our Risk Rating, it is a low risk investment in terms of financial and business aspects. That said, we have found 3 risk warnings in HAWAIIAN ELECTRIC INDUSTRIES’ income sheet, balance sheet and cashflow statement. If you are considering investing in this company, we highly recommend that you register with us to check out these risk warnings. Our team of experts will provide you with detailed information and guidance that will help you make the best decision. More…

Peers

Its competitors in the electric power industry include Pinnacle West Capital Corp, Evergy Inc, Federal Grid Co of Unified Energy System PJSC. HEI has a long history dating back to its founding in 1881 and is the largest electric utility in Hawaii, with over 400,000 customers.

– Pinnacle West Capital Corp ($NYSE:PNW)

Pinnacle West is an electric utility company headquartered in Phoenix, Arizona. It is the parent company of Arizona Public Service, the state’s largest electric utility. The company serves more than two million customers in Arizona.

Pinnacle West has a market capitalization of $7.61 billion as of 2022 and a return on equity of 9.57%. The company is the largest electric utility in Arizona and serves more than two million customers.

– Evergy Inc ($NYSE:EVRG)

Evergy Inc is a holding company that engages in the generation, transmission, and distribution of electricity in the United States. It operates through two segments: Kansas Operations and Missouri Operations. The company has a market cap of 13.95B as of 2022 and a ROE of 8.82%. Evergy Inc was founded in 1925 and is headquartered in Kansas City, Missouri.

Summary

Hawaiian Electric Industries, Inc. (HEI) is a publicly traded utility holding company that operates in Hawaii and the Pacific Islands. HEI recently saw an expansion of investments by HighTower Advisors LLC, a major player in the investment world. This suggests that HEI is viewed favorably and offers promising returns to investors.

HEI is also well positioned for growth, thanks to its strong presence in Hawaiian markets, plus its investment portfolio of power plants, renewable energy projects, and real estate holdings. With strong fundamentals, a growing dividend, and a reputation for solid returns, HEI could be an appealing choice for investors seeking stability and a healthy return on their investment.