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)

3,898

Industries

Alternative Energy
Appliances & Electronics
Retail & Commercial Banking
Holding Companies
Power & Utilities

Company Description

Hawaiian Electric Industries, Inc. is a holding company, which through its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses. 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, Director

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

Chief Financial Officer, Treasurer & Executive Vice President

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

Executive Vice President, Retail Banking, American Savings Bank

Board of Directors

Professional at Hawaiian Electric Industries, Inc.

Owner at Fargo Associates LLC

Professional at Hawaiian Electric Industries, Inc.

President & Chief Executive Officer at James Campbell Co. LLC

President at Russell Financial Services, Inc.

Treasurer & Trustee at Lyman Museum & Mission House

President at Punahou School

Former Executive Vice President, Chief Financial Officer & Treasurer at Edison International

President & Chief Executive Officer at Green Mountain Power Corporation

Co-Founder at C.Dots Development, LLC

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Owners & Shareholders
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Blackstart Capital LP is an American private company located in New York, NY, with operations in US, that provides investment advice. It was founded by Ben Sung and Brian Ward Olson.

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Chesapeake Asset Management focuses on investments in publicly-traded securities; cash, bonds and common and preferred stocks. The investment objectives of their discretionary clients range from aggressive growth to capital preservation. For taxable accounts, they incorporate tax considerations into long-term objectives since they constitute an important part of ultimate returns. Chesapeake tailors portfolios exclusively for each client. There are no model portfolios.The core of Chesapeake's investment philosophy is the identification of what they believe to be undervalued securities through fundamental analysis. The firm looks for companies whose businesses are understandable, with competent managements, who are focused, and are shareholder oriented. Strong balance sheets are preferred, as are companies with high returns on capital. Investments are made in both large cap and small cap companies, both domestic and foreign. Chesapeake pays considerable attention to cash flow, which they feel is one of the best measures of profitability. The result of the search for undervalued securities is that stocks are generally bought when they are neglected and out of favor. Meaningful positions are taken and held with patience. Chesapeake's equity strategy focuses on a broad range of equity investment styles, including growth, core and value across the capitalization range from small cap through mid and large cap companies, both foreign and domestic, seeking securities that provide \"growth at a reasonable price.\" In terms of equities, they generally use the S&P 500 as a benchmark, and clients' portfolios generally have a minimum of 20 holdings.Fixed income investments include municipal bonds, treasuries, or in some cases corporate debt, depending on income and tax requirements.

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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Hawaiian Electric Industries, Inc. raised money in a private placement transaction

Transaction Advisors
Auditor

Advised onHawaiian Electric Industries, Inc. issued Common Stock

Underwriter

Advised onHawaiian Electric Industries, Inc. issued Common Stock

Underwriter

Advised onHawaiian Electric Industries, Inc. issued Common Stock

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 2018
Market Capitalization
$4.58B
Total Enterprise Value
$5.91B
Earnings Per Share
$1.85
Revenue
$2.87B
Net Profit
$204M
EBITDA
$573M
EBITDAMargin
19.97%
Total Debt
$2.06B
Total Equity
$2.2B
Enterprise Value Sales
2.06x
Enterprise Value EBITDAOperating
10.31x
TEVNet Income
29x
Debt TEV
0.35x
Three Year Compounded Annual Growth Rate Of Revenue
3.3%
Five Year Compounded Annual Growth Rate Of Revenue
-2.39%
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. Pension Funds & Sovereign Wealth | 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
PG&E Corp. Power & Utilities - San Francisco, CA

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. The firm specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Duke Energy Corp. Alternative Energy - Charlotte, NC

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

Public Service Enterprise Group, Inc. Power & Utilities - Newark, NJ

Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. It operates through the following two segments: Public Service Electric & Gas Co. (PSE&G) and Power. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas. The Power segment wholesales energy, fuel supply, and energy transacting functions. The company's products and services include energy, capacity, ancillary services, and emissions allowances and congestion credits. Public Service Enterprise Group was founded in 1903 and is headquartered in Newark, NJ.

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