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.

Website
Contact Data
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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

Former President at Hawaii Community Foundation

President & Chief Executive Officer at James Campbell Co. LLC

Former Chief Executive Officer & President at Portland General Electric Company

Treasurer & Trustee at Lyman Museum & Mission House

President at Punahou School

President at Russell Financial Services, Inc.

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Owners & Shareholders
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Part of Aveo Capital Holdings LLC, Blue Sky Asset Management LLC is an American company located in Greenwood Village, CO, that provides investment advice. The firm was founded in 2013 by Keys Ericson Tinney, he has been the CEO since the company founding. The firm's website shows the following as a description of the company: Blue Sky Asset Management (BSAM), sponsor of the QuantX family of ETFs, develops and manages a comprehensive suite of adaptive investment solutions designed to cater to institutions and private investors through their financial advisor. BSAM's flagship Dynamic Asset Allocation strategy broadly seeks to enhance risk-adjusted returns in all market conditions by over-weighting risk assets in period of market strength, and over-weighting defensive assets in periods of market weakness.

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Blackstart Capital LP is an American private company located in New York, NY, that provides investment advice. The firm was founded by Ben Sung and Brian Ward Olson.

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Dean Capital Investment Management trades and invests in commodities, stocks, bonds and derivatives.

Recent Transactions
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Hawaiian Electric Industries, Inc., Hamakua Energy LLC 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.

Insider Transactions
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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
$3.77B
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 | Dover, DE

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
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.

CenterState Bank Corp. Retail & Commercial Banking - Winter Haven, FL

Centerstate Banks, Inc. (“Company”), headquartered in Davenport, Florida, is a bank holding company with one nationally chartered bank: CenterState Bank of Florida. Presently, the Company operates through 55 branches in eighteen counties throughout Central Florida, providing traditional deposit and lending products and services to its commercial and retail customers. The Company, through its Correspondent Banking Department, also provides bond sales services; correspondent bank checking and fed funds purchased products; and safekeeping, bond accounting, and asset/liability consulting services to small to medium size financial institutions primarily located in Florida, Alabama, and Georgia.

Sempra Energy Power & Utilities - San Diego, CA

Sempra Energy was created in 1998 by a merger of parent companies of two long-established, and highly respected, investor-owned utilities with rich histories dating back more than a century. Sempra Energy was founded to capitalize on new opportunities in competitive energy markets. The company’s ongoing focus is to enhance shareholder value and meet customer needs by sustaining the financial strength, operational flexibility and skilled workforce needed to succeed in rapidly changing market conditions. Sempra Energy is a Fortune 500 energy services company, based in San Diego, Calif., that combines deep industry expertise with rigorous risk management to deliver superior shareholder returns. In 2011, Sempra Energy produced revenues of $10 billion.

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