Report
Charles Fishman
EUR 101.80 For Business Accounts Only

Hawaiian Electric's Bank Takes Off, but Pacific Current's Potential Might Be Unappreciated

We are reaffirming our narrow economic moat and stable moat trend ratings along with our $33 fair value estimate after Hawaiian Electric Industries initiated a 2018 earnings per share guidance range with a midpoint well above our estimate and the consensus estimate. Core EPS in 2017 came in at $1.65, slightly higher than our $1.63 estimate and the $1.64 consensus estimate.
The newly established 2018 EPS guidance range of $1.80-$2.00 is well above our estimate of $1.77. Our utility segment estim...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Fishman

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