Fortis
About: Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.
Employees: 9,600
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 22
29% more call options, than puts
Call options by funds: $72.1M | Put options by funds: $55.9M
17% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 93
14% more capital invested
Capital invested by funds: $10.2B [Q2] → $11.6B (+$1.41B) [Q3]
4% more funds holding
Funds holding: 272 [Q2] → 283 (+11) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
1.46% less ownership
Funds ownership: 52.88% [Q2] → 51.42% (-1.46%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for FTS.
Financial journalist opinion
Based on 7 articles about FTS published over the past 30 days
Neutral
GlobeNewsWire
20 hours ago
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, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024.
Neutral
GlobeNewsWire
6 days ago
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 electric and gas utility industry, joined Wataynikaneyap Power and its 24 First Nations partners in celebrating the construction of the Wataynikaneyap Power transmission system at a gathering in Thunder Bay last week.
Positive
Seeking Alpha
1 week ago
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.
Neutral
GlobeNewsWire
2 weeks ago
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 program (the "ATM Program") allowing the Corporation to issue up to C$500,000,000 (or its U.S. dollar equivalent) of common shares (the "Common Shares") from treasury to the public from time to time, at the Corporation's discretion. Any Common Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the "TSX"), the New York Stock Exchange (the "NYSE") or any other marketplace on which the Common Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale.
Positive
Seeking Alpha
2 weeks ago
12 High-Yield Dividend Aristocrats To Weather The Coming 2025 Storm In Style
The S&P is up almost 28% in 2024, and many investors worry about a melt-up followed by a sharp correction like in 2022 or 2018. A 2025 market correction is likely, but low-volatility, high-yield Dividend Aristocrats offer a better alternative to the traditional 60-40 portfolio and S&P. These 12 Aristocrats provide a 3.2% yield, 14% discount, 22% upside potential next year, and 10% long-term income growth consensus, while being 54% lower volatility than the S&P.
Positive
Seeking Alpha
2 weeks ago
Behind The Billions: Fortis' Ambitious Vision For 2029
Fortis Inc. is a major Canadian utility company expanding into clean energy with a CA$26 billion capital plan, focusing on regulated assets. Recent financials show growth in revenue and net earnings, driven by rate-based expansion and new customer rates, particularly in the U.S. Fortis has a strong dividend history with 51 consecutive years of increases and plans for 4-6% annual growth through 2029.
Neutral
GlobeNewsWire
2 weeks ago
Fortis Inc. Announces First Quarter Dividends – 2025
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, 2022.
Neutral
Seeking Alpha
1 month ago
Fortis, Inc. (FTS) Q3 2024 Earnings Call Transcript
Fortis, Inc. (NYSE:FTS ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Stephanie Amaimo - VP, IR David Hutchens - President and CEO Jocelyn Perry - EVP and CFO Linda Apsey - CEO, ITC Holdings Corp. Roger Dall'Antonia - President and CEO, FortisBC Janine Sullivan - President and CEO, FortisAlberta Susan Gray - President and CEO, UNS Energy Corporation Conference Call Participants Rob Hope - Scotiabank Maurice Choy - RBC Capital Markets Ben Pham - BMO Mark Jarvi - CIBC Capital Markets Patrick Kenny - National Bank Financial Michael Sullivan - Wolfe Research Operator Good morning, everyone. Thank you for standing by.
Neutral
24/7 Wall Street
1 month ago
2 Great Dividend Aristocrats to Buy in November
Dividend Aristocrats represent a wide range of stocks in different industries, but each of these companies holds one characteristic in common: their management teams have raised their dividend distributions each year for more than 25 years.
Positive
Zacks Investment Research
1 month ago
Fortis (FTS) Surpasses Q3 Earnings and Revenue Estimates
Fortis (FTS) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago.
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