Fortis (FTS)

• Market cap: $22.4B
• 1 day: 0.74%
• 5 days: 3.10%
• 1 month: 1.20%
• 3 months: 5.95%
• 6 months: -1.41%
• Year to date: 8.39%
• 1 year: 12.89%
• 5 years: 18.65%
• 10 years: 41.66%
• Sector: Utilities
• Industry: Electric Services

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: 9,800

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

192% more call options, than puts

Call options by funds: $54.5M | Put options by funds: $18.7M

36% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 28

29% more repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 89

2% more funds holding

Funds holding: 286 [Q3] → 291 (+5) [Q4]

0.08% more ownership

Funds ownership: 51.88% [Q3] → 51.95% (+0.08%) [Q4]

8% less capital invested

Capital invested by funds: $11.7B [Q3] → $10.8B (-$939M) [Q4]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]