HE at a glance
HAWAIIAN ELECTRIC INDUSTRIES INC (HE, SEC CIK 354707) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 21, 2026 and Form 4 insider filings as recently as July 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), HAWAIIAN ELECTRIC INDUSTRIES INC (HE) reported revenue of $3.1 billion (down 4.1% from FY2024) and net income of $126.3 million. Diluted EPS was $0.71.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding HAWAIIAN ELECTRIC INDUSTRIES INC (HE) shares worth $987.3 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $3.1B
- −4.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 30 funds
- $987.3M · −2 vs prior quarter
- Latest 8-K
- Sep 21, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Electric utility providing electricity and related services across Hawaii
- New $95 million federal grant awarded in 2024 for Climate Adaption Transmission and Distribution Resilience Program
- Strategic focus on grid modernization and resilience including wildfire risk mitigation via undergrounding lines post-Maui wildfires
- Liquidity enhanced by $558 million stock offering in September 2024 and $500 million senior notes issued in September 2025
- Credit ratings upgraded to BB-/Ba2/B+ (Fitch/Moody’s/S&P) in mid-2025 with positive outlooks reflecting improved financial position
Risk Factors
- Regulatory risk from PUC and PBR Framework affecting $1,444M liabilities and $308M assets, with potential material impact if regulatory accounting criteria change
- Macroeconomic inflation affecting asset retirement obligations valued at $13.0M using inflation-dependent discounted cash flow models
- Operational risk from unrecorded asset retirement obligations on utility-owned generating facilities and certain transmission assets with indefinite service lives
- No financial leverage or key-person concentration risk detailed in the section
Management Discussion & Analysis
- No profitability or margin % figures disclosed in provided MD&A excerpt
- Key risks: wildfire liabilities, insurance cost increases, capital raising challenges, extreme weather impacts, regulatory delays, supply chain issues, fuel price volatility, and cybersecurity threats
AI summary of the HE 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- No profitability, margin, segment, cash-flow, or capital-deployment figures provided
- Near-term headwinds: Maui wildfire liabilities, financing access, trade-policy costs, inflation, interest rates, fuel volatility
- Management flags potential equity dilution, dividend reductions, credit downgrades, and bankruptcy risk without completed financing plans
Risk Factors
- No material risk-factor changes reported; 2025 Form 10-K risk disclosures remain incorporated by reference
- Bylaw amendments effective August 5, 2026 establish CEO authority, changing governance responsibilities
- No Rule 10b5-1 or non-Rule 10b5-1 trading arrangements adopted or terminated during second quarter 2026
AI summary of the HE 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- HEI monetized 30% of its ASB stake through ASB’s IPO, selling approximately 2.0 million shares
- Initial sale generated $29.5 million net proceeds after underwriting fees and issuance costs
Item EX-99.1: Item EX-99.1
- HEI monetized 30% of its ASB stake, selling approximately 2.0 million shares for $29.5 million net proceeds
- Underwriters’ 30-day option could add $4.4 million, increasing near-term liquidity
Item 7.01: Regulation FD Disclosure
- Investor presentation furnished under Regulation FD for use beginning September 8, 2026
- Exhibit 99 contains the presentation, providing investors the company’s latest messaging and outlook
Item 2.02: Results of Operations and Financial Condition
- Filing contains signatures only, with no earnings figures or operating results disclosed in the provided Item 2.02 text
- Signed August 7, 2026 by CFO Paul K. Ito for Hawaiian Electric Industries and Hawaiian Electric Company
Item EX-99.1: Item EX-99.1
- Q2 GAAP net income $123M, or $0.71/share, inflated by $101M after-tax non-cash wildfire-liability remeasurement gain
- Core net income fell to $22M, or $0.13/share, from $35M, reflecting higher interest expense and O&M
AI summaries of HE 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for HE
Don't miss the next HE filing
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- Fund moves. Which tracked funds opened, added or cut HE, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Aquilino John C | A | Jun 30, 2026 | 9,238 | - |
| Connors Celeste Anne | A | Jun 30, 2026 | 9,238 | - |
| JOHNS TIMOTHY E | A | Jun 30, 2026 | 9,238 | - |
| KIPP MARY E | A | Jun 30, 2026 | 9,238 | - |
| Flores Elisia | A | Jun 30, 2026 | 9,238 | - |
| Taniguchi Toby B. | A | Jun 30, 2026 | 9,238 | - |
| KANE MICAH A. | A | Jun 30, 2026 | 9,238 | - |
| Ajello James A | A | Jun 30, 2026 | 9,238 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $3.2B | $3.1B |
| Operating Income | - | -$1.7B | $235.3M |
| Net Income | $201.1M | -$1.4B | $126.3M |
| Op. Margin | - | -53.0% | 7.6% |
| Net Margin | - | -44.2% | 4.1% |
| Balance Sheet | |||
| Total Assets | $17.2B | $8.9B | $8.9B |
| Equity | - | $1.5B | $1.6B |
| ROE | - | -96.3% | 7.9% |
| Per Share | |||
| EPS | $1.81 | $-11.23 | $0.71 |
| Cash Flow | |||
| Operating CF | - | $487.5M | $391.1M |
| CapEx | $448.3M | $344.3M | $341.2M |
Source: XBRL data in HAWAIIAN ELECTRIC INDUSTRIES INC (HE)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate HE share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $987.3M |
| Q1 2026 | 32 | $1.04B |
| Q4 2025 | 28 | $892.6M |
| Q3 2025 | 29 | $628.0M |
| Q2 2025 | 30 | $594.1M |
| Q1 2025 | 26 | $430.5M |
| Q4 2024 | 24 | $335.9M |
| Q3 2024 | 23 | $188.5M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 222 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
HE filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 21, 2026 | - | Analysis | - |
| 8-K | Sep 8, 2026 | - | Analysis | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 7, 2026 | - | Analysis | - |
| 8-K | Jul 31, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 8-K | May 8, 2026 | - | Analysis | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 10, 2026 | - | Analysis | - |
| 8-K | Apr 10, 2026 | - | Analysis | - |
| 8-K | Mar 27, 2026 | - | - | - |
| 8-K | Mar 16, 2026 | - | Analysis | - |
| 8-K | Mar 2, 2026 | - | Analysis | - |
| 8-K | Feb 27, 2026 | - | Analysis | - |
| 10-K | Feb 27, 2026 | Dec 31, 2025 | Analysis |
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HE SEC filings: frequently asked questions
Which institutions hold HE stock?
As of June 30, 2026, the largest HAWAIIAN ELECTRIC INDUSTRIES INC (HE) holders among the 13F filers tracked by SignalX were BlackRock ($358.3 million), Vanguard Portfolio Management LLC ($140.4 million), Vanguard Capital Management LLC ($101.2 million), State Street Corp ($97.2 million), Invesco Ltd ($36.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was HE's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), HAWAIIAN ELECTRIC INDUSTRIES INC (HE) reported revenue of $3.1 billion (down 4.1% from FY2024) and net income of $126.3 million. Diluted EPS was $0.71. The figures come from the XBRL data in the 10-K.
What are the main risks in HE's latest 10-K?
In the 10-K filed February 27, 2026, HAWAIIAN ELECTRIC INDUSTRIES INC (HE) flagged: Regulatory risk from PUC and PBR Framework affecting $1,444M liabilities and $308M assets, with potential material impact if regulatory accounting criteria change. Macroeconomic inflation affecting asset retirement obligations valued at $13.0M using inflation-dependent discounted cash flow models. (AI summary of the Risk Factors section.)
What did HE report in its latest 8-K?
HAWAIIAN ELECTRIC INDUSTRIES INC (HE) filed an 8-K on September 21, 2026 reporting Item 8.01 (Other Events). HEI monetized 30% of its ASB stake through ASB’s IPO, selling approximately 2.0 million shares.
What are the latest HE SEC filings?
HAWAIIAN ELECTRIC INDUSTRIES INC (HE) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on September 21, 2026 and a Form 4 insider filing on July 2, 2026.
What is HE's SEC CIK number?
HAWAIIAN ELECTRIC INDUSTRIES INC (HE)'s SEC Central Index Key (CIK) is 354707. EDGAR lists every HE filing under that number.
Ask anything about HE
The research agent reads HE's filings, financials, insider trades and 13F holders, then answers with sources.