Horizon Kinetics Asset Management purchased $34 million worth of Hawaiian Electric shares in May 2026, suggesting investor confidence following the utility’s Maui wildfire settlement completion. The timing appears to signal belief that the company is moving past legal challenges.
- Investment fund bought 2.2 million Hawaiian Electric shares worth $34 million after the utility cleared major wildfire litigation hurdles.
- Hawaiian Electric began making $479 million annual settlement payments in April 2026 related to Maui wildfire claims.
- Moody’s upgraded the utility’s credit ratings following finalization of the wildfire settlement agreement.
- Hawaiian Electric stock has outperformed the S&P 500 over the past year, rising nearly 30%.
Source: Fool
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