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Fortis Inc.

FTS.TO TSX Utilities St. John's, Canada
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Stock Performance
Price History
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Market Data
Market Cap 40.6B
P/E Ratio 23.51
52-Week High -
52-Week Low -
Avg Volume -
Beta -
Forward P/E -
Dividend Yield -
EV/Revenue -
Price/Book -
Business Overview

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Utilities Utilities - Regulated Electric TSX
Key Financial Metrics
12.2B
Revenue
1.8B
Net Income
C$3.40
EPS (Diluted)
-2.2B
Free Cash Flow
Profitability
Gross Margin 72.3%
Operating Margin 28.7%
Net Profit Margin 14.8%
EBITDA 5.9B
Returns & Efficiency
Return on Assets (ROA) 2.4%
Return on Equity (ROE) 7.6%
Dividend Yield 317.00%
Payout Ratio -
Financial Health
Total Assets 74.8B
Total Debt 34.7B
Debt to Equity 1.46x
Current Ratio 0.51
Company Info
IndustryUtilities - Regulated Electric
HQSt. John's, Canada
Employees9,926
Fiscal Year End1767139200
CurrencyCAD
Websitewww.fortisinc.com
Peers
36.0B
P/E: 26.9
22.2B
P/E: 21.7
13.3B
P/E: 325.5
9.7B
P/E: --
9.7B
P/E: 70.2
6.7B
P/E: 96.7
5.6B
P/E: --
Insider Activity
Sentiment Bullish
Shares Bought 357,038
Shares Sold 0
Total Transactions 150
SEDAR+ Filings
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Company Profile
General Information
Company NameFortis Inc.
TickerFTS.TO
ExchangeTSX
SectorUtilities
IndustryUtilities - Regulated Electric
HeadquartersSt. John's, Canada
Employees9,926
Fiscal Year End1767139200
CurrencyCAD
Websitewww.fortisinc.com
Financial Summary
Market Cap40.6B
Revenue12.2B
Net Income1.8B
P/E Ratio23.51
EPS (Diluted)C$3.40
Net Margin14.8%
ROE7.6%
Dividend Yield317.00%
Business Description
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
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