Fortis Inc. (TSX: FTS)

Canada flag Canada · Delayed Price · Currency is CAD
53.25
-0.44 (-0.82%)
Jun 17, 2024, 4:00 PM EDT
-6.10%
Market Cap 26.25B
Revenue (ttm) 11.32B
Net Income (ttm) 1.60B
Shares Out 493.02M
EPS (ttm) 3.13
PE Ratio 17.18
Forward PE 16.16
Dividend 2.34 (4.39%)
Ex-Dividend Date May 16, 2024
Volume 1,567,018
Open 53.65
Previous Close 53.69
Day's Range n/a
52-Week Range 49.82 - 57.93
Beta 0.19
Analysts n/a
Price Target 57.78 (+8.51%)
Earnings Date Jul 31, 2024

About Fortis

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectr... [Read more]

Sector Utilities
Founded 1885
Country Canada
Stock Exchange Toronto Stock Exchange
Ticker Symbol FTS
Full Company Profile

Financial Performance

In 2023, Fortis's revenue was 11.52 billion, an increase of 4.29% compared to the previous year's 11.04 billion. Earnings were 1.57 billion, an increase of 12.84%.

Financial Statements

News

ITC Holdings Corp. Announces Offering of Senior Notes Due 2034

NOVI, Mich. , May 6, 2024 /PRNewswire/ -- ITC Holdings Corp. ("ITC"), a subsidiary of Fortis Inc., today announced that it has commenced a private offering of senior unsecured notes due 2034 (the "not...

6 weeks ago - Benzinga

Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity Plan

ST. JOHN'S, Newfoundland and Labrador, May 02, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual and Special Meeting of ...

6 weeks ago - GlobeNewsWire

Fortis Non-GAAP EPS of C$0.93

6 weeks ago - Seeking Alpha

Fortis Inc. Releases First Quarter 2024 Results

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement  dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21...

6 weeks ago - GlobeNewsWire

Advisory: Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2

ST. JOHN'S, Newfoundland and Labrador, April 24, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2024 financial results on Wednesday...

7 weeks ago - GlobeNewsWire

UAE fintech firm Fortis raises $20mln in Series A funding to fuel expansion

The investment round was led by Opportunity Venture (Asia), a limited partnership fund based in Hong Kong

2 months ago - Zawya

Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2

ST. JOHN'S, Newfoundland and Labrador, April 03, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2024 financial results on Wednesday...

2 months ago - GlobeNewsWire

Fortis: The Sub-Par Performance Continues Due To Valuation

Fortis stock underperforms, but clear pathway for growth in U.S. transmission sector. Read an analysis of FTS stock and why we rate it a hold.

2 months ago - Seeking Alpha

Fortis Inc. Releases 2024 Climate Report

ST. JOHN'S, Newfoundland and Labrador, March 11, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today released its 2024 Climate Report. This report builds on our ...

3 months ago - GlobeNewsWire

Fortis bosses fight to void $7.25m Portsea purchase

The unwinding of the post-pandemic boom market for holiday properties has triggered a stand-off between luxury Sydney developers and the vendor of a prime Victorian site.

3 months ago - The Australian Financial Review

Empowering Shareholders with Growth: Fortis Enhances Performance and Reports Rising Profits

By the close of today, March 01, 2024, Fortis (NYSE: FTS) will issue a dividend payout of $0.59 per share, resulting in an annualized dividend yield of 4.45%. Only those investors who owned the stock...

3 months ago - Benzinga

Fortis Inc. Files 2023 Year-End Disclosure Documents

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21,...

4 months ago - GlobeNewsWire

Fortis Non-GAAP EPS of C$0.72

4 months ago - Seeking Alpha

Fortis Inc. Reports Fourth Quarter & Annual 2023 Results

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21,...

4 months ago - GlobeNewsWire

Earnings Scheduled For February 9, 2024

Companies Reporting Before The Bell • TELUS (NYSE: TU) is expected to report quarterly earnings at $0.23 per share on revenue of $5.24 billion. • Canopy Gwth (NASDAQ: CGC) is likely to report quarte...

4 months ago - Benzinga

Fortis Inc. Announces Second Quarter Dividends – 2024

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21,...

4 months ago - GlobeNewsWire

Advisory: Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

ST. JOHN'S, Newfoundland and Labrador, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2023 financial results on Friday, February 9, 2024...

4 months ago - GlobeNewsWire

Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

ST. JOHN'S, Newfoundland and Labrador, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2023 financial results on Friday, February 9, 2024...

5 months ago - GlobeNewsWire

Fortis: Preferred Shares Deliver Yield And Outperform Common

On our last update, we gave buy rating to preferred shares for Fortis and stuck with hold for common. Read why the preferreds have a hold rating now here.

5 months ago - Seeking Alpha

72-yr-old from Kolkata state's 1st Covid casualty in 4 months

Bengal records its first Covid death in four months, a 72-year-old Kolkata resident with multiple comorbidities admitted at CMRI in a serious condition with severe cardiac issues and septic shock. The...

6 months ago - The Times of India

Fortis declares CAD 0.59 dividend

Fortis (FTS) declares CAD 0.59/share quarterly dividend, in line with previous. Forward yield 4.24% Payable March 1; for shareholders of record Feb. 16; ex-div

6 months ago - Seeking Alpha

Fortis Inc. Announces First Quarter Dividends – 2024

This news release constitutes a "designated news release" for the purposes of the Corporation's prospectus supplement dated September 19, 2023 to its short form base shelf prospectus dated November 21...

6 months ago - GlobeNewsWire

Fortis Inc. Announces Closing of Offering of Senior Unsecured Notes

Not for distribution to U.S. news wire services or dissemination in the United States. This news release constitutes a "designated news release" for the purposes of the Corporation's prospectus supple...

7 months ago - GlobeNewsWire