SCHEDULE 13G/A: Citadel Entities Disclose Minor Passive Stake in Hawaiian Electric Industries

Citadel entities, including Citadel Securities and Kenneth Griffin, have disclosed a passive beneficial ownership of less than 0.5% in Hawaiian Electric Industries Inc. as of December 31, 2024.

Summary

• Citadel Advisors LLC, Citadel Advisors Holdings LP, Citadel GP LLC, Citadel Securities LLC, Citadel Securities Group LP, Citadel Securities GP LLC, and Kenneth Griffin (collectively, the "Reporting Persons") filed an Amendment No. 1 to Schedule 13G for Hawaiian Electric Industries Inc.
• The filing indicates passive beneficial ownership of Common Stock, Without Par Value, in Hawaiian Electric Industries Inc.
• As of December 31, 2024, Citadel Securities LLC beneficially owns 318,000 shares, which constitutes 0.2% of the class outstanding.
• Citadel Securities Group LP, Citadel Securities GP LLC, and Kenneth Griffin each beneficially own 643,461 shares, representing 0.4% of the class outstanding.
• The total shares outstanding for Hawaiian Electric Industries Inc. were 172,465,608 as of October 31, 2024, according to the issuer's Form 10-Q filed on November 8, 2024.
• The Reporting Persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing passive ownership below the 5% threshold, with no operational or financial information about the issuer. It neither indicates positive nor negative sentiment towards the company's performance or prospects.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Hawaiian Electric Industries Inc.'s future outlook.

Industry Context

This Schedule 13G filing by Citadel entities is a routine disclosure of passive investment and does not provide specific insights into broader industry trends or competitive dynamics within the utilities sector. It merely reflects a minor, non-controlling stake by a prominent financial firm.

Comparison to Industry Standards

• This document is a beneficial ownership filing and does not contain financial or operational results that can be compared to industry standards or specific comparable companies/projects.

Stakeholder Impact

• This filing primarily impacts shareholders by disclosing the beneficial ownership of certain Citadel entities. Given the passive nature and small percentage of ownership (less than 0.5%), the direct impact on other stakeholders such as employees, customers, suppliers, or creditors is negligible.

Next Steps

• The document does not specify any future actions, events, or milestones for Hawaiian Electric Industries Inc. related to this filing.

Key Dates

Keywords

Hawaiian Electric Industries, HEI, Citadel, Kenneth Griffin, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing