Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc.

Hawaiian Electric Industries, Inc.

Overview
Date Founded

1981

Headquarters

1001 Bishop Street, Suite 2900, Honolulu, HI, 96813, USA

Type of Company

Public

Employees (Worldwide)

3,880

Industries

Alternative Energy
Retail & Commercial Banking
Holding Companies
Power & Utilities

Company Description

Hawaiian Electric Industries, Inc. operates as a holding company, which engages in the electric utility and banking businesses through its subsidiaries. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment involves in the generation, purchase, transmission, distribution, and sale of electric energy in the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment offers general banking services to individual and business customers through its branch system. The Other segment refers to corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President, Chief Administrative Officer & Assistant Secretary, American Savings Bank

Executive Vice President, Chief Financial Officer & Treasurer

President & Chief Executive Officer of Hawaiian Electric

Controller & Chief Accounting Officer of HECO

President, American Home Loans-American Savings Bank

Senior Vice President & Chief Financial Officer, Hawaiian Electric Company

President, Hawai'I Electric Light Company, Inc

Vice President-Tax, Controller & Assistant Treasurer

Executive Vice President, Marketing & Business Development, American Savings Bank

Board of Directors

Founder at Watanabe Ing LLP

Owner at Fargo Associates LLC

President at Hawaii Community Foundation

President & Chief Executive Officer at James Campbell Co. LLC

Former Chief Executive Officer & President at Portland General Electric Company

President at Russell Financial, Inc.

Treasurer & Trustee at Lyman Museum & Mission House

President at Punahou School

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Hawaiian Electric Industries, Inc.
Owners & Shareholders
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Tortoise Investment Management's investment strategy emphasizes risk management, a conservative, long-term approach, and tax-efficiency. With respect to equity investments, the firm uses primarily index or index-like mutual funds and ETFs. They tend to avoid actively-managed, open-end, non-index equity mutual funds. To a lesser extent, and more often within fixed income investments, they may use individual securities and closed-end mutual funds.

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Blackstart Capital LP is a private company headquartered in New York, NY, also operating in US. The firm provides investment advice. It was founded by Ben Sung and Brian Ward Olson.

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INTECH offers institutional investors highly disciplined, mathematical investment strategies based on a rigorous mathematical theory that is the result of research conducted by its founder, Dr. E. Robert Fernholz and published in the 1982 paper, \"Stochastic Portfolio Theory and Stock Market Equilibrium.\" Dr. Fernholz sought to demonstrate that by combining securities with high relative volatility and low covariance, a portfolio could be constructed to have both benchmark-like risk and the potential for above-benchmark returns. His portfolio theory employing stochastic calculus became the basis for INTECH's mathematical investment approach. The mathematical process is designed to take advantage of relative stock volatility (variation in stock prices), rather than use fundamental research or market/economic trends to predict future returns of stocks. The process seeks to generate a return in excess of the benchmark against which the performanceof a particular portfolio or group of portfolios is measured. INTECH's strategies include: Enhanced, Core, Growth, Value, Alpha Capture, Income, and Absolute Risk. Portfolios can be constructed and benchmarked to S&P, Russell, MSCI, FTSE, and their respective subset indices.For relative-risk strategies, INTECH seeks to structure portfolios in a manner that does not increase the overall portfolio volatility materially above that of the relevant benchmark index. INTECH employs risk controls designed to minimize the risk of significant underperformance relative to the applicable benchmark index. For absolute-risk strategies, INTECH focuses on reducing the absolute risk of portfolios and/or generating long-term higher Sharpe ratios than cap-weighted indices.

Recent Transactions
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Hamakua Energy LLC, Hawaiian Electric Industries, Inc. purchase Hamakua Energy Partners LP /Generating Plant from Hamakua Energy Partners LP

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Hawaiian Electric Industries, Inc. issued Common Stock

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purchases Hawaiian Electric Industries, Inc.

Transaction Advisors
Legal Advisor

Advised onHawaiian Electric Industries, Inc. issued Common Stock

Auditor

Advised onHawaiian Electric Industries, Inc. issued Common Stock

Manager

Advised onHawaiian Electric Industries, Inc. issued Common Stock

Legal Advisor

Advised on purchases Hawaiian Electric Industries, Inc.

Executive Director

Advised onHawaiian Electric Industries, Inc. issued Common Stock

Executive Director

Advised onHawaiian Electric Industries, Inc. issued Common Stock

Clients

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Key Stats and Financials As of 2017
Market Capitalization
$4.09B
Total Enterprise Value
$5.7B
Earnings Per Share
$1.52
Revenue
$2.56B
Net Profit
$167M
Enterprise Value Sales
2.23x
TEVNet Income
34.08x
Debt TEV
0.35x
Total Debt
$1.99B
Total Equity
$2.13B
EBITDAMargin
21.59%
Enterprise Value EBITDAOperating
10.33x
EBITDA
$552M
Three Year Compounded Annual Growth Rate Of Revenue
-7.6%
Five Year Compounded Annual Growth Rate Of Revenue
-5.41%
Investments
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Firetide, Inc. develops and supplies mesh networks and networking equipment. It offers wireless mesh infrastructure and access solution for video surveillance, internet access, public safety networks, and temporary networks wherever rapid deployment, mobility, and ease of installation are required. The firm's customers include the public safety, transportation and automation industries. The company was founded by Lawrence Rosenthal, Barbara Cardillo, Tareq Hoque, Isaac R. Nassi and Keith Klemba in 2002 and is headquartered in Campbell, CA.

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ClearFuels Technology, Inc. produces advanced renewable bio fuels. It operates bio-refineries to produce biofuels from multiple mixed cellulosic biomass feedstocks. The company was founded by Robert Shleser in 1998 and is headquartered in Aiea, HI.

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Hoku Corp. engages in the provision of solar energy products and services. It offers photovoltaic systems, polysilicon, silicon ingots and wafers, photovoltaic cells, and photovoltaic modules. The company was founded by Dustin Masaru Shindo and Karl M. Taft III in March 2001 and is headquartered in Honolulu, HI.

Suppliers
Ormat Technologies, Inc. Power & Utilities | Reno, Nevada

Ormat Technologies, Inc. (NYSE: ORA) is a world leader in the geothermal power plant sector. As a geothermal company we have over four decades of experience in the development of state-of-the-art, environmentally sound power solutions, primarily in geothermal and recovered energy generation. In addition to designing, developing, building, owning and operating geothermal energy and recovered energy-based power plants in the United States and other countries, Ormat also designs, manufactures and sells power units and other power generating equipment for geothermal power plants and recovered energy-based electricity generation. Ormat is today's only vertically-integrated provider of geothermal and recovered energy-based equipment, services and power that designs, develops, builds and manufactures most of the equipment used in its plants. The in-depth knowledge gained from these operations gives us a competitive edge by enabling efficient maintenance and timely response to operational issues.

State of Hawaii Government | Honolulu, HI

The AES Corp. Power & Utilities | Arlington, VA

The AES Corporation (NYSE: AES) is a global power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 27 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. Our power plants encompass a broad range of technologies and fuel types, including coal, diesel, hydropower, gas, oil, wind and biomass. Our utilities power several diverse markets, from São Paulo to Indianapolis to Douala. Combining deep local insight with a global presence and more than 30 years of experience, AES has a proven commitment to ensuring operational excellence in providing electricity to its customers.

Competitors
Xcel Energy, Inc. Power & Utilities - Minneapolis, MN

Our products and services differ based on state. Please select your state (or the state you're interested in) from the list to the left. Why do our products and services differ based on state? Because our business is regulated by state. We have regulated operations in eight Western and Midwestern states. The different regulatory body for each state we serve determines what products and services we deliver in that state

Edison International Alternative Energy - Rosemead, California

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies.The company was founded on April 20, 1987 and is headquartered in Rosemead, CA.

Fidelity Southern Corp. Holding Companies - Atlanta, GA

Fidelity Southern Corp. operates as a bank holding company, which through its subsidiaries Fidelity Bank and LionMark, engages in the provision of banking services and trust and wealth management services and credit-related insurance products. It attracts deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and installment loans. The company was founded by W. Clyde Shepherd Jr. and Robert J. Rutland on August 3, 1979 and is headquartered in Atlanta, GA.

Awards & Honors
Rank #817
2016
Fortune Magazine - Fortune 1000 Companies
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