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Fortis (FTS)

Company Profile

Company profile

Ticker

FTS, FORFF

Exchange

Website

www.fortisinc.com

CEO

Mr. David Gerard Hutchens

Incorporated

Newfoundland, Canada

Location

Newfoundland, Canada

Fiscal year end

Sector

Utilities > Electric Utilities

Industry (SIC)

Electric Services

Progress Energy • NextEra Energy • PacifiCorp • The Southern Company • Georgia Power • Ohio Power • American Electric Power • Dominion Energy • FirstEnergy • Edison International ...

Former names

Carter Validus Mission Critical REIT II, Inc.

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

980352146

FTS stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

View all

Fortis Inc. Announces Changes to Its Board of Directors

Equity Distribution Agreement

Supplemental materials (foreign)

Current report (foreign)

Appointment of agent for service of process by issuers registering securities

Appointment of agent for service of process by issuers registering securities

Automatic registration of securities (Canada)

Fortis Inc. Announces First Quarter Dividends – 2025

Current report (foreign)

Fortis Inc. Releases Third Quarter 2024 Results

Transcripts

View all

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

BANK OF NOVA SCOTIA

BANK OF NOVA SCOTIA

BANK OF MONTREAL /CAN/

Financial summary

Financial statements Chart FTS financial data

Quarter (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Fortis earnings reports.

Institutional ownership, Q3 2024

FTS institutional ownership history Ownership history

49.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	280	273	+2.6%
Opened positions	32	33	-3.0%
Closed positions	25	36	-30.6%
Increased positions	108	117	-7.7%
Reduced positions	90	85	+5.9%

13F shares	Current	Prev Q	Change
Total value	10.11 tn	9.32 tn	+8.5%
Total shares	242.78 mm	258.56 mm	-6.1%
Total puts	926.90 k	676.00 k	+37.1%
Total calls	519.70 k	698.50 k	-25.6%
Total put/call ratio	1.8	1.0	+84.3%

Largest owners	Shares	Value	Change
RY Royal Bank of Canada	29.52 mm	$1.34 tn	-1.5%
BMO Bank of Montreal	26.24 mm	$1.19 tn	-0.5%
FIL	24.75 mm	$1.12 tn	+12.6%
Vanguard	21.36 mm	$970.45 bn	+3.0%
1832 Asset Management	9.03 mm	$410.34 bn	-1.8%
Beutel, Goodman & Co	9.02 mm	$410.36 mm	-2.7%
CIBC World Markets	8.84 mm	$401.75 mm	+12.1%
Scotia Capital	8.82 mm	$400.44 bn	+0.9%
BNS The Bank of Nova Scotia	8.32 mm	$378.15 bn	-9.6%
LGEN Legal & General	6.90 mm	$313.83 bn	-1.3%

Largest transactions	Shares	Bought/sold	Change
TD Asset Management	0.00	-12.15 mm	EXIT
Norges Bank	0.00	-3.74 mm	EXIT
TD The Toronto-Dominion Bank	5.61 mm	-3.47 mm	-38.2%
FIL	24.75 mm	+2.77 mm	+12.6%
GS The Goldman Sachs Group, Inc.	2.06 mm	-2.05 mm	-49.9%
Arrowstreet Capital, Limited Partnership	1.57 mm	+1.57 mm	NEW
BLK BlackRock	0.00	-1.08 mm	EXIT
BLK BlackRock	1.06 mm	+1.06 mm	NEW
CIBC World Markets	8.84 mm	+951.63 k	+12.1%
NA.R National Bank of Canada	5.19 mm	+930.33 k	+21.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

News

From Benzinga Pro

Fortis Q3 2024 Adj. EPS C$0.85 Beats C$0.82 Estimate, Sales C$2.771B Miss C$2.912B Estimate

Fortis (NYSE:FTS) reported quarterly earnings of C$0.85 per share which beat the analyst consensus estimate of C$0.82 by 3.66 percent. This is a 1.19 percent increase over earnings of $0.84 per share from the same period

CIBC Maintains Neutral on Fortis, Raises Price Target to C$63

CIBC analyst Mark Jarvi maintains Fortis (TSX:FTS) with a Neutral and raises the price target from C$59 to C$63.

Fortis Increased It Fourth Quarter Dividend To C$0.615 From C$0.59, Up 4.2%

Fortis expects its long-term growth in rate base will drive earnings that support annual dividend growth. The Corporation's annual dividend growth guidance of 4-6% has been extended one year through 2029

Press releases

From Benzinga Pro

Fortis Inc. Announces Changes to Its Board of Directors

ST. JOHN'S, Newfoundland and Labrador, Dec. 23, 2024 (GLOBE NEWSWIRE) -- This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9,

Fortis Inc. Celebrates Construction Completion of the Wataynikaneyap Power Transmission System With Its First Nations Partners

ST. JOHN'S, Newfoundland and Labrador, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE:FTS), a well-diversified leader in the North American regulated

Fortis Inc. to Renew At-The-Market Equity Program

ST. JOHN'S, Newfoundland and Labrador, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE:FTS) announced today that it will renew its at-the-market equity

Fortis Inc. Announces First Quarter Dividends – 2025

Fortis Inc. Releases Third Quarter 2024 Results

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