Hawaiian Electric downgraded by Wells Fargo with a new price target
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Electric Utilities: Central
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Wells Fargo downgraded Hawaiian Electric from Equal Weight to Underweight and set a new price target of $8.50 from $8.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/23/2024 | $14.00 | Underweight → Equal Weight | Wells Fargo |
| 11/10/2023 | $8.00 → $8.50 | Equal Weight → Underweight | Wells Fargo |
| 8/18/2023 | $25.00 → $8.00 | Underweight → Equal Weight | Wells Fargo |
| 8/18/2022 | $43.00 | Neutral → Underperform | BofA Securities |
| 1/20/2022 | $41.00 | Sell → Neutral | Guggenheim |
Operational changes, new technology and Public Safety Power Shutoff lead to estimated 60% reduction in wildfire risk from utility equipment Since launching its expanded wildfire safety strategy one year ago, Hawaiian Electric Company, Inc. ("Hawaiian Electric"), a subsidiary of Hawaiian Electric Industries, Inc. (NYSE:HE) ("HEI"), has made significant improvements that have reduced the wildfire risk from its equipment. Its actions include a Public Safety Power Shutoff (PSPS) program, replacing and testing thousands of utility poles, upgrading miles of overhead power lines, clearing intrusive vegetation near electrical equipment, and installing weather stations and AI-assisted high definit
Signed Settlement Agreements a Key Milestone in Efforts to Regain HEI's Financial Strength 2Q Going Concern Matter Resolved Utility and Bank Operations Remain Solid On November 4, HEI and Other Parties Finalized the Settlement Agreements to Resolve the Maui Wildfire Tort Litigation 3Q24 Net Loss of $104.4 million, or $0.91 Per Share, Includes an Additional $203.0 million ($150.7 million after tax) Accrual for Estimated Wildfire Liabilities From Tort-Related Legal Claims1, and a $35.2 million ($26.1 million after tax) Asset Impairment at Pacific Current Excluding the Additional Accrual of Estimated Wildfire Liabilities, Pacific Current Asset Impairment and Other Maui Wildfire-Related
3Q 2024 Net Income of $18.8 million Net interest margin expanded to 2.82%, up 3 basis points from the prior quarter Continued strong credit quality and capital position American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported third quarter 2024 net income of $18.8 million, compared to a net loss of $45.8 million in the second quarter of 2024 and net income of $11.4 million in the third quarter of 2023. Core net income1 for the quarter was $19.4 million, compared to $20.7 million in the second quarter and $17.6 million in the third quarter of last year. "American Savings Bank continues to perform well, generating
Wells Fargo upgraded Hawaiian Electric from Underweight to Equal Weight and set a new price target of $14.00
Wells Fargo downgraded Hawaiian Electric from Equal Weight to Underweight and set a new price target of $8.50 from $8.00 previously
Wells Fargo upgraded Hawaiian Electric from Underweight to Equal Weight and set a new price target of $8.00 from $25.00 previously
Signed Settlement Agreements a Key Milestone in Efforts to Regain HEI's Financial Strength 2Q Going Concern Matter Resolved Utility and Bank Operations Remain Solid On November 4, HEI and Other Parties Finalized the Settlement Agreements to Resolve the Maui Wildfire Tort Litigation 3Q24 Net Loss of $104.4 million, or $0.91 Per Share, Includes an Additional $203.0 million ($150.7 million after tax) Accrual for Estimated Wildfire Liabilities From Tort-Related Legal Claims1, and a $35.2 million ($26.1 million after tax) Asset Impairment at Pacific Current Excluding the Additional Accrual of Estimated Wildfire Liabilities, Pacific Current Asset Impairment and Other Maui Wildfire-Related
3Q 2024 Net Income of $18.8 million Net interest margin expanded to 2.82%, up 3 basis points from the prior quarter Continued strong credit quality and capital position American Savings Bank, F.S.B. (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported third quarter 2024 net income of $18.8 million, compared to a net loss of $45.8 million in the second quarter of 2024 and net income of $11.4 million in the third quarter of 2023. Core net income1 for the quarter was $19.4 million, compared to $20.7 million in the second quarter and $17.6 million in the third quarter of last year. "American Savings Bank continues to perform well, generating
Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) will announce its third quarter 2024 financial results on Friday, November 8 and conduct a webcast and conference call to discuss the results at 11:30 a.m. Hawaii time (4:30 p.m. Eastern time). In addition, American Savings Bank, F.S.B. (ASB), a wholly owned indirect subsidiary of HEI, will announce its third quarter 2024 financial results on Wednesday, October 30. To listen to the conference call, dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) and enter passcode 2393042. Parties may also access presentation materials and/or listen to the conference call by visiting the conference call link on HEI's website at www.hei.com u
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hawaiian Electric Industries, Inc. ("Hawaiian Electric" or the "Company") (NYSE:HE) investors that a lawsuit filed on behalf of investors that purchased Hawaiian Electric securities between February 28, 2019 and August 16, 2023, both dates inclusive (the "Class Period"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary cas
HEI Chief Financial Officer Paul Ito to Become CFO of Hawaiian Electric Company Through Approximately December 31, 2024, Following Planned Retirement of Tayne Sekimura Utility Industry Veteran Scott DeGhetto to Join HEI as CFO Until Ito Resumes Position Hawaiian Electric Industries, Inc. (NYSE:HE) ("HEI"), today announced the following leadership plans at HEI and Hawaiian Electric Company, Inc. ("Hawaiian Electric"), a subsidiary of HEI, effective October 1, 2023: Hawaiian Electric SVP, CFO & Treasurer Tayne Sekimura will retire on September 30, 2023, after 32 years of service. Sekimura's retirement plans were announced internally early this year. Hawaiian Electric is at an unprec
A&B's planned leadership transition continues with the appointment of Lance Parker as a director HONOLULU, June 30, 2023 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE:ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, announced that Shelee Kimura has been appointed to serve on its Board of Directors, effective July 1, 2023. Kimura joins the Board after the departure of Michele Saito, who has been a director since 2012. "I am so pleased to welcome Shelee Kimura to our Board of Direct
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8-K - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Filer)
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SC 13G/A - HAWAIIAN ELECTRIC INDUSTRIES INC (0000354707) (Subject)
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