Last C$40.78 CAD
Change Today +0.22 / 0.54%
Volume 861.5K
As of 4:00 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

fortis inc (FTS) Snapshot

Open
C$40.84
Previous Close
C$40.56
Day High
C$41.19
Day Low
C$40.54
52 Week High
01/23/15 - C$41.19
52 Week Low
01/30/14 - C$29.78
Market Cap
11.2B
Average Volume 10 Days
1.0M
EPS TTM
C$1.58
Shares Outstanding
275.2M
EX-Date
02/12/15
P/E TM
25.8x
Dividend
C$1.36
Dividend Yield
3.14%
Current Stock Chart for FORTIS INC (FTS)

Related News

No related news articles were found.

fortis inc (FTS) Related Businessweek News

No Related Businessweek News Found

fortis inc (FTS) Details

Fortis Inc. operates as an electricity and natural gas distribution utility in Canada. The company distributes natural gas to residential and commercial customers in British Columbia; owns and operates the natural gas transmission pipeline from the Greater Vancouver area across the Georgia Strait to Vancouver Island, and serves customers on Vancouver Island and along the Sunshine Coast of British Columbia; and owns and operates the natural gas distribution system in the Resort Municipality of Whistler, British Columbia. It also owns and operates the electricity distribution system in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 223 megawatts; provides operation, maintenance, and management services to hydroelectric plants; and distributes electricity on Prince Edward Island, Ontario, and the island portion of Newfoundland and Labrador. In addition, the company generates and distributes electricity in Belize, Grand Cayman, Cayman Islands; and Turks and Caicos Islands. Further, it operates non-regulated generating assets in Belize, Ontario, British Columbia, and Upstate New York State; and owns and operates 23 hotels comprising 4,400 rooms in 8 Canadian provinces, and approximately 2.7 million square feet of commercial office and retail space primarily in Atlantic Canada. The company serves approximately 2.4 million customers. Fortis Inc. was founded in 1977 and is based in St. John's, Canada.

8,206 Employees
Last Reported Date: 09/2/14
Founded in 1977

fortis inc (FTS) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$520.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: C$272.7K
Treasurer
Total Annual Compensation: C$250.0K
Controller
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2013.

fortis inc (FTS) Key Developments

Fortis Inc. Presents at CIBC 18th Annual Institutional Investor Conference, Jan-21-2015 02:50 PM

Fortis Inc. Presents at CIBC 18th Annual Institutional Investor Conference, Jan-21-2015 02:50 PM. Venue: The Fairmont Chateau, 4599 Chateau Boulevard, Whistler, British Columbia, Canada. Speakers: Karl W. Smith, Chief Financial Officer and Executive Vice President.

Fortis Inc. Declares Dividend on Common Share and on First Preference Shares, Payable on March 1, 2015

The Board of Directors of Fortis Inc. has declared a common share dividend of $0.34 per share on the issued and outstanding fully paid common shares of the corporation, payable on March 1, 2015 to the common shareholders of record at the close of business on February 17, 2015. The 6.25% increase in the quarterly common share dividend to $0.34 from $0.32 extends the Corporation's record of annual common share dividend payment increases to 42 consecutive years, the longest record of any public corporation in Canada. The Board of Directors also declared the following dividends on its first preference shares: $0.3063 per share on the first preference shares, Series ‘E’ of the corporation, payable on March 1, 2015 to the shareholders of record at the close of business on February 17, 2015; $0.3063 per share on the first preference shares, Series ‘F’ of the corporation, payable on March 1, 2015 to the shareholders of record at the close of business on February 17, 2015; $0.2427 per share on the first preference shares, Series ‘G’ of the corporation, payable on March 1, 2015 to the shareholders of record at the close of business on February 17, 2015; $0.2656 per share on the first preference shares, Series ‘H’ of the corporation, payable on March 1, 2015 to the shareholders of record at the close of business on February 17, 2015; $0.2969 per share on the first preference shares, Series ‘J’ of the corporation, payable on March 1, 2015 to the shareholders of record at the close of business on February 17, 2015; $0.2500 per share on the first preference shares, Series ‘K’ of the corporation, payable on March 1, 2015 to the shareholders of record at the close of business on February 17, 2015; and $0.25625 per share on the first preference shares, Series ‘M’ of the corporation, payable on March 1, 2015 to the shareholders of record at the close of business on February 17, 2015.

Fortis Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Gross Capital Expenditures Guidance for the Year 2014

Fortis Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s revenue was CAD 1,197 million against CAD 915 million a year ago. The increase in revenue for the quarter was driven by the acquisition of UNS Energy in August 2014. Earnings from continuing operations were CAD 32 million against CAD 69 million a year ago. Earnings before extraordinary item were CAD 32 million against CAD 67 million a year ago. Net earnings were CAD 32 million against CAD 67 million a year ago. Net earnings attributable to common equity shareholders were CAD 14 million against CAD 48 million a year ago. Basic and diluted earnings per common share from continuing operations were CAD 0.06 against CAD 0.24 a year ago. Basic and diluted earnings per common share were CAD 0.06 against CAD 0.23 a year ago. Cash flow from operating activates was CAD 62 million against CAD 106 million a year ago. Results for the third quarter of 2014 were impacted by a number of non-recurring expenses associated with the acquisition of UNS Energy Corporation. Earnings for the third quarter were reduced by CAD 35 million, or CAD 0.16 per common share, due to one-time acquisition-related expenses and customer benefits offered to obtain regulatory approval of the acquisition of UNS Energy. For the nine month, the company’s revenue was CAD 3,708 million against CAD 2,818 million a year ago. The increase year to date was primarily due the acquisition of Central Hudson Gas & Electric Corporation in June 2013 and higher gas volumes. Earnings from continuing operations were CAD 249 million against CAD 284 million a year ago. Earnings before extraordinary item were CAD 254 million against CAD 282 million a year ago. Net earnings were CAD 254 million against CAD 304 million a year ago. Net earnings attributable to common equity shareholders were CAD 204 million against CAD 253 million a year ago. Basic and diluted earnings per common share from continuing operations were CAD 0.93 against CAD 1.17 a year ago. Basic and diluted earnings per common share were CAD 0.95 against CAD 1.27 a year ago. Cash flow from operating activates was CAD 648 million against CAD 666 million a year ago. The decrease was primarily due to unfavourable changes in working capital. Consolidated capital expenditures were approximately CAD 875 million year-to-date 2014. Earnings for the third quarter and year-to-date 2014 were reduced by CAD 35 million and CAD 38 million, respectively, due to acquisition-related expenses and customer benefits offered to obtain regulatory approval of the acquisition of UNS Energy, compared to CAD 32 million in acquisition-related expenses associated with Central Hudson in the second quarter and year-to-date 2013. For the year 2014, gross consolidated capital expenditures are forecasted to be approximately CAD 1.8 billion. This represents an increase of approximately CAD 400 million from the original 2014 forecast disclosed in the 2013 Annual MD&A. The increase is driven by forecast capital spending of approximately CAD 450 million at UNS Energy from the date of acquisition.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FTS:CN C$40.78 CAD +0.22

FTS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ameren Corp $46.33 USD +0.03
Canadian Utilities Ltd C$42.18 CAD -0.30
CenterPoint Energy Inc $22.97 USD +0.08
National Fuel Gas Co $68.25 USD +0.14
OGE Energy Corp $35.70 USD +0.01
View Industry Companies
 

Industry Analysis

FTS

Industry Average

Valuation FTS Industry Range
Price/Earnings 25.4x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 10.4x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FORTIS INC, please visit www.fortisinc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.