Stock FTS FORTIS INC.
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Company Fortis Inc.

Equities

FTS

CA3495531079

Electric Utilities

Delayed Toronto S.E.
Other stock markets
 10:42:56 2024-04-16 am EDT 		5-day change 1st Jan Change
51.39 CAD -0.66% Intraday chart for Fortis Inc. -3.59% -5.80%
Mar. 11 Fortis Brief: Releasing 2024 Climate Report MT
Feb. 12 Caribbean Utilities' Q4 Profit Rises, Revenue Falls; Up 2.7% MT

Business Summary

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. The Company's regulated utility businesses includes ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which primarily includes Tucson Electric Power Company (TEP), UNS Electric, Inc. and UNS Gas, Inc.; CH Energy Group, Inc, which primarily includes Central Hudson Gas and Electric Corporation; FortisBC Energy Inc.; FortisAlberta Inc. and FortisBC Inc. The Company’s non-regulated businesses include energy infrastructure and corporate and other.

Number of employees: 9,598

Sales per Business

CAD in Million2022Weight2023Weight Delta
UNS Energy
26.1 %
2,758 25.0 % 3,006 26.1 % +8.99%
ITC
18.1 %
1,906 17.3 % 2,085 18.1 % +9.39%
FortisBC Energy
17.0 %
2,084 18.9 % 1,955 17.0 % -6.19%
Other Electric
15.3 %
1,652 15.0 % 1,761 15.3 % +6.60%
Central Hudson
11.8 %
1,325 12.0 % 1,360 11.8 % +2.64%
Fortis Alberta
6.4 %
680 6.2 % 738 6.4 % +8.53%
FortisBC Electric
4.6 %
487 4.4 % 528 4.6 % +8.42%
Corporate and Other
0.7 %
0 0.0 % 84 0.7 % -

Sales per region

CAD in Million2022Weight2023Weight Delta
United States
53.3 %
5,716 51.8 % 6,134 53.3 % +7.31%
Canada
36.1 %
4,340 39.3 % 4,159 36.1 % -4.17%
Global
6.3 %
540 4.9 % 728 6.3 % +34.81%
Caribbean
4.3 %
447 4.0 % 496 4.3 % +10.96%

Managers

Managers TitleAgeSince
David Hutchens CEO
 Chief Executive Officer 57 17-12-31
Jocelyn Perry DFI
 Director of Finance/CFO - 18-05-31
Gary Smith COO
 Chief Operating Officer - 17-05-31
Ron Hinsley Hinsley CTO
 Chief Tech/Sci/R&D Officer - 19-04-30
Kevin Woodbury CTO
 Chief Tech/Sci/R&D Officer - 22-06-30
Karen McCarthy IRO
 Public Communications Contact - 15-12-31
Stephanie Amaimo IRC
 Investor Relations Contact - 15-12-31
Tanya Finlay HRO
 Human Resources Officer - 08-12-31
Stuart Lochray PRN
 Corporate Officer/Principal - 21-09-07
Julie Avery AUD
 Comptroller/Controller/Auditor - 10-12-31

Members of the board

Members of the board TitleAgeSince
Lawrence Borgard BRD
 Director/Board Member 62 17-05-03
Margarita Dilley BRD
 Director/Board Member 66 16-05-04
Maura Clark BRD
 Director/Board Member 65 15-05-06
David Hutchens CEO
 Chief Executive Officer 57 17-12-31
Julie Dobson BRD
 Director/Board Member 67 18-05-02
Pierre Blouin BRD
 Director/Board Member 66 15-05-06
Jo Zurel CHM
 Chairman 61 16-05-04
Donald Marchand BRD
 Director/Board Member 61 23-04-30
Tracey Ball BRD
 Director/Board Member 66 14-05-13
Lisa Crutchfield BRD
 Director/Board Member 61 22-05-04

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 44,335,000 0 0 95.65 %
Stock B 0 7,665,000 0 0
Stock C 0 9,200,000 0 0
Stock D 0 5,000,000 0 0
Stock E 1 493,004,759 492,477,405 ( 99.89 %) 0

Shareholders

NameEquities%Valuation
Royal Trust Corp. of Canada
6.571 %
32,393,480 6.571 % 1 280 M $
BMO Bank NA (Investment Management)
5.162 %
25,448,800 5.162 % 1 005 M $
Vanguard Fiduciary Trust Co.
4.025 %
19,842,130 4.025 % 784 M $
Fidelity Investments Canada ULC
3.951 %
19,477,406 3.951 % 770 M $
BMO Asset Management, Inc.
2.786 %
13,736,448 2.786 % 543 M $
TD Waterhouse Private Investment Counsel, Inc.
2.714 %
13,380,619 2.714 % 529 M $
BMO Asset Management Corp.
2.376 %
11,714,184 2.376 % 463 M $
TD Securities, Inc.
2.094 %
10,323,868 2.094 % 408 M $
Beutel, Goodman & Co. Ltd.
1.931 %
9,521,561 1.931 % 376 M $
1832 Asset Management LP
1.830 %
9,023,715 1.830 % 357 M $
NameEquities%Valuation
J. Zechner Associates, Inc.
1.152 %
115,200 1.152 % 2 M $
Purpose Investments, Inc.
0.7809 %
78,088 0.7809 % 1 M $
Manulife Investment Management Ltd.
0.6375 %
63,750 0.6375 % 896 963 $
Slater Asset Management, Inc.
0.2147 %
21,470 0.2147 % 302 083 $
NameEquities%Valuation
J. Zechner Associates, Inc.
2.888 %
231,000 2.888 % 3 M $
Manulife Investment Management Ltd.
0.8525 %
68,200 0.8525 % 972 191 $
Fiera Investments LP
0.0625 %
5,000 0.0625 % 71 275 $
Stone Asset Management Ltd.
0.0279 %
2,233 0.0279 % 31 831 $
NameEquities%Valuation
Franklin Bissett Investment Management
0.2989 %
27,500 0.2989 % 432 988 $
Purpose Investments, Inc.
0.1123 %
10,328 0.1123 % 162 614 $
NameEquities%Valuation
Manulife Investment Management Ltd.
0.9820 %
49,100 0.9820 % 1 M $
Horizons Investment Management, Inc.
0.1860 %
9,300 0.1860 % 225 432 $
NameEquities%Valuation
Advantaged Preferred Share Trust (Mutual Fund Manager)
0.5799 %
44,650 0.5799 % 491 373 $
Purpose Investments, Inc.
0.4474 %
34,446 0.4474 % 379 078 $
Manulife Investment Management Ltd.
0.1429 %
11,000 0.1429 % 121 055 $
NameEquities%Valuation
J. Zechner Associates, Inc.
0.6550 %
157,200 0.6550 % 2 M $
Slater Asset Management, Inc.
0.6455 %
154,913 0.6455 % 2 M $
Purpose Investments, Inc.
0.5216 %
125,178 0.5216 % 2 M $
Manulife Investment Management Ltd.
0.0471 %
11,300 0.0471 % 158 573 $

Holdings

NameEquities%Valuation
CARIBBEAN UTILITIES COMPANY, LTD.
58.59%
 22,204,229 58.59% 296,981,563 $

Company contact information

Fortis, Inc.

Fortis Place 5 Springdale Street

A1B 3T2, St. John's

+709 737 2800

http://www.fortisinc.com
address Fortis Inc.(FTS)

Group companies

NameCategory and Sector
Central Hudson Gas & Electric Corp.
Logo Central Hudson Gas & Electric Corp.

Central Hudson Gas & Electric Corp.

Electric UtilitiesUtilities

Central Hudson Gas & Electric Corp. engages in the provision of natural gas and electricity. It also offers value-added products and services, including energy efficiency and economic development programs. The company was founded in 1926 and is headquartered in Poughkeepsie, NY.

Electric Utilities
ITC HOLDINGS CORP.
Electric Utilities
Maritime Electric Co. Ltd.
Logo Maritime Electric Co. Ltd.

Maritime Electric Co. Ltd.

Electric UtilitiesUtilities

Maritime Electric Co., Ltd. is engaged in the generation and distribution of electricity. It offers its products for customers in Prince Edward Island. The firm supplies electricity to residential and business customers, residential cottage owners, and electrical contractors. The company was founded in 1918 and is headquartered in Prince Edward Island, Canada.

Electric Utilities
UNS Gas, Inc.
Logo UNS Gas, Inc.

UNS Gas, Inc.

Gas DistributorsUtilities

Part of Fortis, Inc., UNS Gas, Inc. is a private company that distributes natural gas. The company is based in Tucson, AZ.

Gas Distributors
FortisBC Energy, Inc.
Logo FortisBC Energy, Inc.

FortisBC Energy, Inc.

Gas DistributorsUtilities

FortisBC Energy, Inc. engages in the distribution of natural gas. It provides transmission and distribution services to its customers, as well as obtains natural gas supplies on behalf of residential, commercial, and industrial customers. The company was founded in 2003 and is headquartered in Vancouver, Canada.

Gas Distributors
Aitken Creek Gas Storage ULC
Logo Aitken Creek Gas Storage ULC

Aitken Creek Gas Storage ULC

Gas DistributorsUtilities

Aitken Creek Gas Storage ULC operates as a underground natural gas storage facility in British Columbia. It has a total working gas capacity of 77 BCF. The firm’s gas storage facility is uniquely positioned to benefit from future development of British Columbia''s natural gas resources to serve both domestic markets and LNG exports. The company is headquartered in Calgary, Canada.

Gas Distributors

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Other Electric Utilities

Sales per Business

Sales per region

Ratings for Fortis Inc.

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
51.73 CAD
Average target price
56.15 CAD
Spread / Average Target
+8.55%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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