Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 422,000 retail customers in southeastern Arizona; and 96,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 2,834 megawatts (MW), including 64 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 1,008,000 customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 556,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 266,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 80,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 44,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility. It also owns and operates transmission and distribution lines; and natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
Industry, Sector and Symbol
Industry Utilities - Regulated Electric
Sub-IndustryN/A
SectorUtilities
SymbolTSE:FTS
CUSIPN/A
Phone+1-709-7372800
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net Margins16.89%
Return on Equity8.20%
Return on Assets2.73%
Miscellaneous
EmployeesN/A
Outstanding Shares423,000,000
Fortis (TSE:FTS) Frequently Asked Questions
What is Fortis' stock symbol?
Fortis trades on the Toronto Stock Exchange (TSX) under the ticker symbol "FTS."
How often does Fortis pay dividends? What is the dividend yield for Fortis?
Fortis declared a quarterly dividend on Wednesday, February 14th. Investors of record on Friday, May 18th will be paid a dividend of 0.425 per share on Friday, June 1st. This represents a $1.70 annualized dividend and a yield of 4.03%. The ex-dividend date is Thursday, May 17th. View Fortis' Dividend History.
How were Fortis' earnings last quarter?
Fortis Inc (TSE:FTS) released its earnings results on Tuesday, May, 1st. The company reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The company earned $2.20 billion during the quarter, compared to analysts' expectations of $2.13 billion. Fortis had a net margin of 16.89% and a return on equity of 8.20%. View Fortis' Earnings History.
When is Fortis' next earnings date?
What price target have analysts set for FTS?
7 equities research analysts have issued 12-month price objectives for Fortis' shares. Their predictions range from C$40.00 to C$49.00. On average, they expect Fortis' share price to reach C$46.63 in the next twelve months. View Analyst Ratings for Fortis.
Who are some of Fortis' key competitors?
Some companies that are related to Fortis include ENDESA S A/ADR (ELEZY), Innogy (IGY), Hydro One (H), Terna - Rete Elettrica Nazionale (TRN), Verbund (OEZVY), Spark Infrastructure Group (SKI), Capital Power (CPX), ERM Power (EPW), Caribbean Utilities (CUPUF), Pacific Energy (PEA), KSK Power Ventur (KSK), Plutus Powergen (PPG), Synex International (SXI), Greencoat Renewables (GRP) and Hydro One (HRNNF).
Who are Fortis' key executives?
Fortis' management team includes the folowing people:
- Mr. Barry V. Perry, Pres, CEO & Director (Age 53)
- Mr. Karl W. T. Smith CA, (B.Comm), Exec. VP & CFO (Age 59)
- Ms. Nora M. Duke CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 56)
- Mr. James P. Laurito, Exec. VP of Bus. Devel. (Age 62)
- Mr. Phonse J. Delaney, Exec. VP & Chief Information Officer
Has Fortis been receiving favorable news coverage?
Press coverage about FTS stock has trended somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fortis earned a media sentiment score of 0.12 on Accern's scale. They also gave news articles about the company an impact score of 46.12 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
How do I buy shares of Fortis?
Shares of FTS and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Fortis' stock price today?
One share of FTS stock can currently be purchased for approximately C$42.15.
How big of a company is Fortis?
Fortis has a market capitalization of C$18.12 billion.
How can I contact Fortis?
Fortis' mailing address is 5 Fortis Place Suite 1100, Stn a PO Box 8837, ST. JOHNS, NL A1B 3T2, Canada. The company can be reached via phone at +1-709-7372800.
MarketBeat Community Rating for Fortis (FTS)
MarketBeat's community ratings are surveys of what our community members think about Fortis and other stocks. Vote "Outperform" if you believe FTS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FTS will underperform the S&P 500 over the long term. You may vote once every thirty days.
