Hawaiian Electric shareholders might finally see a dividend increase after 20 years.
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...
Hawaiian Electric Industries is a holding company with its subsidiaries principally engaged in electric utility, banking, and renewable/sustainable infrastructure investment businesses operating in the State of Hawaii. The company and its operating utility subsidiaries, Hawaii Electric Light Company, Inc.and Maui Electric Company, Limited are regulated electric public utilities that provide essential electric service to Hawaii's population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, and Maui, Lanai and Molokai. The company also owns ASB Hawaii, Inc. and its subsidiary, American Savings Bank, F.S.B., a financial institution in the State of Hawaii.
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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.
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