Should You Invest in the iShares U.S. Infrastructure ETF (IFRA)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
0mins
Source: NASDAQ.COM
Overview of iShares U.S. Infrastructure ETF (IFRA): Launched in 2018 and sponsored by Blackrock, IFRA is a passively managed ETF focusing on the Utilities - Infrastructure segment, with assets over $2.69 billion and an expense ratio of 0.30%. It aims to match the performance of the NYSE FACTSET U.S. INFRASTRUCTURE INDEX.
Performance and Holdings: The ETF has shown a year-to-date increase of approximately 15.18% and a 12-month rise of about 21.88%, while maintaining a diversified portfolio with 164 holdings, primarily in the Utilities sector (42.90%).
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Analyst Views on HE
Wall Street analysts forecast HE stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 13.650
Low
10.00
Averages
11.00
High
12.00
Current: 13.650
Low
10.00
Averages
11.00
High
12.00
About HE
Hawaiian Electric Industries, Inc. is a holding company that provides energy services. The Company’s subsidiaries are principally engaged in electric utility and non-regulated renewable/sustainable infrastructure businesses operating in the State of Hawaii. Its electric utility, Hawaiian Electric Company, Inc. (Hawaiian Electric), supplies power to approximately 95% of Hawaii’s population. The Company operates through the electric utility segment. Hawaiian Electric and its operating utility subsidiaries, Hawaii Electric Light Company, Inc. (Hawaii Electric Light) and Maui Electric Company, Limited (Maui Electric), are regulated electric utilities that provide essential electric service to approximately 95% of Hawaii’s population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai and Molokai. Its subsidiary, Pacific Current, LLC, invests in non-regulated clean energy and sustainable infrastructure in the State of Hawaii.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Profitability: Starlink was the only profitable division for SpaceX, generating $4.42 billion in net income last year, while the rocket launch division lost $657 million and the AI division incurred a $6.35 billion deficit, highlighting Starlink's strategic importance as a profit engine.
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- Increased Stake: Following this acquisition, Horizon Kinetics' total holdings in Hawaiian Electric reached 21,635,294 shares, valued at $321.07 million, representing 3.5% of its 13F assets, highlighting the company's significance in its investment portfolio.
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- Rate Rebasement Proposal: The company plans to implement a 5.3% rate increase in 2027, which is expected to raise average customer bills by $8 to $12, aiming to balance customer affordability with necessary investments, reflecting the company's adaptability to high oil price pressures.
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- Market Reaction: Investors are adopting a cautious stance ahead of the earnings releases, particularly in the current economic climate, as the results from JHG and HE will serve as indicators of industry health and may influence short-term stock volatility.
- Earnings Season: This earnings release is a significant part of the earnings season, with analysts closely monitoring these companies' performance in terms of revenue, profit, and future outlook to assess their competitiveness in their respective markets.
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- Performance Beat Record: Over the past two years, Hawaiian Electric has exceeded EPS estimates 25% of the time and revenue estimates 100% of the time, demonstrating its stable profitability and bolstering market confidence.
- EPS Estimate Revision: In the last three months, there has been one upward revision and no downward adjustments to EPS estimates, indicating analysts' optimistic outlook on the company's future performance, potentially attracting more investor interest.
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See More
Hawaiian Electric to Announce Q1 2026 Financial Results
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- Participation Details: Investors can dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) to join the conference call, entering passcode 2393042 to ensure access to the latest company updates and financial information.
- Replay Information: An online replay will be available on HEI's website approximately two hours after the event, and an audio replay will also be accessible via phone until May 15, allowing investors who missed the live event to catch up on the discussions.
- Information Disclosure Channels: HEI and its subsidiary Hawaiian Electric will continue to use their website as the primary means of disclosing information, and investors are encouraged to regularly check the Investor Relations section for the latest announcements and SEC filings to stay informed about company developments.
See More
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- Significant Revenue Growth: SpaceX's Starlink generated $11.39 billion in revenue last year, accounting for 61% of total sales, with this figure rising to 69% in Q1 of this year, underscoring its critical role in the company's overall performance.
- Strong Profitability: Starlink was the only profitable division for SpaceX, generating $4.42 billion in net income last year, while the rocket launch division lost $657 million and the AI division incurred a $6.35 billion deficit, highlighting Starlink's strategic importance as a profit engine.
- Rapid User Base Expansion: Starlink's user base surpassed 10.3 million in Q1, more than doubling from the previous year, indicating strong global demand, particularly among commercial clients such as airlines, enhancing its market position.
- Surge in Capital Expenditures: SpaceX reported capital expenditures of $10.1 billion in Q1, more than doubling year-over-year, with $7.7 billion allocated to AI development, reflecting the company's strategic investment in technology innovation and market competitiveness.
See More
Horizon Kinetics Increases Stake in Hawaiian Electric Industries
- Share Acquisition: On May 15, 2026, Horizon Kinetics Asset Management disclosed the purchase of 2,242,931 shares of Hawaiian Electric Industries, valued at approximately $33.92 million, indicating strong confidence in the company's recovery.
- Increased Stake: Following this acquisition, Horizon Kinetics' total holdings in Hawaiian Electric reached 21,635,294 shares, valued at $321.07 million, representing 3.5% of its 13F assets, highlighting the company's significance in its investment portfolio.
- Strong Financial Performance: Hawaiian Electric reported first-quarter revenue of $746.4 million and net income of $30.5 million, demonstrating resilience despite previous legal challenges, which bolsters investor confidence in its operational stability.
- Credit Rating Upgrade: After resolving legal issues related to the Maui wildfire, Moody's upgraded Hawaiian Electric's credit rating, reflecting optimistic market expectations for its future growth and potentially attracting more investor interest.
See More
Hawaiian Electric Q1 2026 Earnings Call Highlights
- Wildfire Settlement Progress: Hawaiian Electric reached a comprehensive settlement agreement in August 2024 and made its first $479 million payment on April 10, 2026, marking a significant step in compensating victims of the 2023 Maui wildfires, thereby enhancing public trust in the company.
- Rate Rebasement Proposal: The company plans to implement a 5.3% rate increase in 2027, which is expected to raise average customer bills by $8 to $12, aiming to balance customer affordability with necessary investments, reflecting the company's adaptability to high oil price pressures.
- CapEx Adjustment: Following the approval of the Waial Generating Station repowering project, the capital expenditure forecast for 2026 is now approximately $157 million, significantly up from the previous $90 million, demonstrating the company's commitment to enhancing energy reliability and resilience.
- Liquidity Management: As of the end of Q1 2026, the company holds nearly $1 billion in liquidity, ensuring it can manage increased working capital requirements due to rising global fuel prices, showcasing its financial robustness in uncertain market conditions.
See More
Major Earnings Reports Expected: JHG and HE
- Earnings Preview: On Friday, Janus Henderson Group plc (JHG) and Hawaiian Electric Industries (HE) are set to release their earnings reports, with market participants keenly awaiting their performance and future guidance, which is expected to impact investor sentiment.
- Market Reaction: Investors are adopting a cautious stance ahead of the earnings releases, particularly in the current economic climate, as the results from JHG and HE will serve as indicators of industry health and may influence short-term stock volatility.
- Earnings Season: This earnings release is a significant part of the earnings season, with analysts closely monitoring these companies' performance in terms of revenue, profit, and future outlook to assess their competitiveness in their respective markets.
- Investor Focus: As the earnings date approaches, market expectations and analyst reports regarding these two companies will become crucial for investor decision-making, potentially affecting stock price movements and investment strategies.
See More
Hawaiian Electric Set to Announce Q1 Earnings on May 8
- Earnings Announcement: Hawaiian Electric is set to release its Q1 earnings on May 8, with a consensus EPS estimate of $0.28, reflecting a 21.7% year-over-year increase, which could positively influence the company's stock price.
- Performance Beat Record: Over the past two years, Hawaiian Electric has exceeded EPS estimates 25% of the time and revenue estimates 100% of the time, demonstrating its stable profitability and bolstering market confidence.
- EPS Estimate Revision: In the last three months, there has been one upward revision and no downward adjustments to EPS estimates, indicating analysts' optimistic outlook on the company's future performance, potentially attracting more investor interest.
- Settlement Approval: Hawaiian Electric announced that a court granted preliminary approval for a $100 million settlement, which, despite the dilution overhang, may help improve the company's reputation and alleviate potential financial burdens.
See More
Hawaiian Electric to Announce Q1 2026 Financial Results
- Earnings Announcement Schedule: Hawaiian Electric Industries, Inc. (HEI) will announce its Q1 2026 financial results on May 8, 2026, and will hold a webcast and conference call at 10:30 a.m. Hawaii time (4:30 p.m. Eastern time) to provide detailed insights into its financial performance.
- Participation Details: Investors can dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) to join the conference call, entering passcode 2393042 to ensure access to the latest company updates and financial information.
- Replay Information: An online replay will be available on HEI's website approximately two hours after the event, and an audio replay will also be accessible via phone until May 15, allowing investors who missed the live event to catch up on the discussions.
- Information Disclosure Channels: HEI and its subsidiary Hawaiian Electric will continue to use their website as the primary means of disclosing information, and investors are encouraged to regularly check the Investor Relations section for the latest announcements and SEC filings to stay informed about company developments.
See More
