Hawaiian Electric is a utilities company that serves the Hawaiian Islands. Currently, HE is trading at $44.35. Here are a few things that investors should be paying attention to:
The company has been in business since 1891 and has a strong hold on the market in which it operates. Despite the lack of pressure from competition, HE has continued to innovate and invest in Hawaii’s grid. Although there isn’t much dividend growth and the yield is modest, Hawaiian Electric should not be written off by value investors looking for a safe investment to round out their portfolios. This stock also has a unique value proposition for growth investors searching for hedges.