HAWAIIAN ELEC INDUSTRIES shareholders Q3 2023

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Hawaiian Electric Industries: A Look at the Company's Recent Performance

Hawaiian Electric Industries (HEI) is a holding company that provides electric utility services to the Hawaiian Islands. The company has been in operation for over 100 years and has a strong reputation for providing reliable and affordable energy to its customers.

In recent years, HEI has faced some challenges as it works to transition to a more sustainable energy model. The company has set a goal of achieving 100% renewable energy by 2045, but this transition has been slow due to the high cost of renewable energy sources in Hawaii.

Despite these challenges, HEI has continued to perform well financially. In the first quarter of 2021, the company reported earnings of $0.44 per share, beating analysts' expectations. The company's revenue also increased by 3.5% compared to the same period in the previous year.

HEI's stock price has also performed well in recent years, with the company's shares increasing by over 50% in the past five years. The company's dividend yield is also attractive, with a current yield of 3.2%.

Overall, HEI is a well-established company with a strong reputation for providing reliable energy services to the Hawaiian Islands. While the company faces some challenges as it works to transition to a more sustainable energy model, its recent financial performance and stock price growth suggest that it is well-positioned for the future.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.