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Last C$36.35 CAD
Change Today -0.03 / -0.08%
Volume 726.7K
As of 4:00 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

fortis inc (FTS) Snapshot

Open
C$36.37
Previous Close
C$36.38
Day High
C$36.49
Day Low
C$35.50
52 Week High
01/30/15 - C$42.23
52 Week Low
07/28/14 - C$32.91
Market Cap
10.1B
Average Volume 10 Days
814.1K
EPS TTM
C$1.58
Shares Outstanding
277.5M
EX-Date
08/17/15
P/E TM
22.9x
Dividend
C$1.36
Dividend Yield
3.63%
Current Stock Chart for FORTIS INC (FTS)

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fortis inc (FTS) Details

Fortis Inc. operates as an electricity and natural gas distribution utility for residential, commercial, and industrial markets in Canada, the United States, and the Caribbean. The company generates, transmits, and distributes electricity in southeastern Arizona, including the greater Tucson metropolitan area in Pima County, and parts of Cochise County with an aggregate capacity of 2,746 megawatts (MW), including 53 MW of solar capacity; owns minimal gas-fired and hydroelectric generating capacity totalling 64 MW; and sells wholesale electricity to other entities in the western United States. It also owns and operates the electricity distribution system in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; provides operation, maintenance, and management services to hydroelectric plants; and distributes electricity in the island portion of Newfoundland and Labrador, and Prince Edward Island. In addition, the company generates electricity in Grand Cayman, Cayman Islands; Turks and Caicos Islands; and Belize. Further, the company distributes natural gas in British Columbia, such as Lower Mainland, Vancouver Island, Sunshine Coast, Whistler, and Interior of British Columbia; and Mohave, Yavapai, Coconino, Navajo, and Santa Cruz counties in Arizona. It serves approximately 3 million customers. Additionally, the company operates non-regulated generation assets in Belize, British Columbia, Upstate New York, and Ontario; and owns and operates 23 hotels comprising 4,400 rooms in 8 Canadian provinces, and approximately 2.8 million square feet of commercial office and retail space primarily in Atlantic Canada. Fortis Inc. was founded in 1977 and is headquartered in St. John's, Canada.

10,000 Employees
Last Reported Date: 02/19/15
Founded in 1977

fortis inc (FTS) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$737.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$522.5K
Executive Vice President of Western Canadian ...
Total Annual Compensation: C$581.3K
Executive Vice President of Eastern Canadian ...
Total Annual Compensation: C$465.0K
Treasurer
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2014.

fortis inc (FTS) Key Developments

Fortis, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015

Fortis Inc. announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating income for the first quarter ended March 31, 2015 was CAD 394 million, compared to CAD 309 million for the same quarter ended March 31, 2014. Earnings before income taxes and discontinued operations for the first quarter ended March 31, 2015 were CAD 277 million, compared to CAD 193 million for the same quarter ended March 31, 2014.

Fortis Inc. Declares Dividends on First Preference Shares and Common Shares, Payable on 1 September 2015

Fortis Inc. declared dividends of $0.3063 per share on the First Preference Shares, Series "E" of the Corporation, payable on 1 September 2015 to the Shareholders of Record at the close of business on 19 August 2015; $0.3063 per share on the First Preference Shares, Series "F" of the Corporation, payable on 1 September 2015 to the Shareholders of Record at the close of business on 19 August 2015; $0.2427 per share on the First Preference Shares, Series "G" of the Corporation, payable on 1 September 2015 to the Shareholders of Record at the close of business on 19 August 2015; $0.15625 per share on the First Preference Shares, Series "H" of the Corporation, payable on 1 September 2015 to the Shareholders of Record at the close of business on 19 August 2015; $0.13125 per share on the First Preference Shares, Series "I" of the Corporation, payable on 1 September 2015 to the Shareholders of Record at the close of business on 19 August 2015; $0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on 1 September 2015 to the Shareholders of Record at the close of business on 19 August 2015; $0.2500 per share on the First Preference Shares, Series "K" of the Corporation, payable on 1 September 2015 to the Shareholders of Record at the close of business on 19 August 2015; $0.25625 per share on the First Preference Shares, Series "M" of the Corporation, payable on 1 September 2015 to the Shareholders of Record at the close of business on 19 August 2015. The company declared a dividend of $0.34 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on 1 September 2015 to the Common Shareholders of record at the close of business on 19 August 2015.

Fortis Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Fortis Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s revenue was CAD 1,915 million against CAD 1,455 million a year ago. Earnings from continuing operations were CAD 220 million or CAD 0.71 diluted per share against CAD 154 million or CAD 0.64 diluted per share a year ago. Net earnings attributable to preference equity shareholders were CAD 20 million against CAD 14 million a year ago. Net earnings attributable to common equity shareholders were CAD 198 million or CAD 0.71 diluted per share against CAD 143 million or CAD 0.66 diluted per share a year ago. Adjusted net earnings attributable to common equity shareholders were CAD 179 million or CAD 0.65 basic per share against CAD 146 million or CAD 0.68 basic per share a year ago. Cash flows from operating activities were CAD 450 million against CAD 265 million a year ago.

 

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Industry Analysis

FTS

Industry Average

Valuation FTS Industry Range
Price/Earnings 23.1x
Price/Sales 1.7x
Price/Book 1.3x
Price/Cash Flow 8.3x
TEV/Sales NM Not Meaningful
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