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Fortis - FTS STOCK NEWS

Welcome to our dedicated page for Fortis news (Ticker: FTS), a resource for investors and traders seeking the latest updates and insights on Fortis stock.

Fortis Inc. (symbol: FTS) is a prominent player in the North American electric and gas utility sector. With total assets of approximately $28 billion and a revenue of $5.4 billion for the fiscal year 2014, Fortis Inc. has cemented its position as a leader in the industry. The company provides regulated utility services to over 3 million customers across Canada, the United States, and the Caribbean.

Fortis operates eight key utility transmission and distribution subsidiaries across North America, serving more than 3.4 million electricity and gas customers. These subsidiaries are integral to the company's mission of delivering reliable energy. In the United States, subsidiary ITC Holdings Corp operates in seven states, managing over 16,000 miles of high-voltage transmission lines.

In addition to its significant presence in the electricity and gas distribution industry, Fortis also holds investments in electricity generation and various Caribbean utilities. The company's strategic approach to expansion and infrastructure development has further solidified its footprint in the utility sector.

The latest updates from Fortis include forward-looking statements on its projects and financial conditions, sourced from Tucson Electric Power and UniSource Energy Services. These updates can be found in their designated news releases, accessible through their official website and other financial information platforms like SEDAR and SEC.

Fortis Inc. shares are listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol FTS, reflecting their stability and growth potential in the global market.

News

Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2

Rhea-AI Summary
Fortis Inc. will release its first quarter 2024 financial results on May 1, 2024, followed by a teleconference and webcast. David Hutchens and Jocelyn Perry will discuss the financial results. The 2024 Annual and Special Meeting of Shareholders will be held on May 2, 2024, both in-person and online.
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Fortis Inc. Releases 2024 Climate Report

Rhea-AI Summary
Fortis Inc. releases its 2024 Climate Report detailing climate-related impacts, risks, and opportunities. The report includes climate scenario analysis, physical and transition risks assessments, mitigation activities, and enhanced disclosures on climate governance. The company aims to minimize climate-related risks, maximize growth opportunities, and deliver cleaner energy to customers.
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Fortis Inc. Files 2023 Year-End Disclosure Documents

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Fortis Inc. files audited Consolidated Financial Statements for 2023 and announces upcoming Annual Meeting of Shareholders.
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Fortis Inc. Reports Fourth Quarter & Annual 2023 Results

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Fortis Inc. released its 2023 fourth quarter and annual financial results, reporting annual net earnings of $1.5 billion, or $3.10 per common share for 2023. The company achieved 50 years of common share dividend increases and saw a 33% reduction in Scope 1 emissions. However, the sale of Aitken Creek and higher corporate finance costs impacted the earnings year over year.
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Fortis Inc. Announces Second Quarter Dividends – 2024

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Fortis Inc. has declared dividends payable to shareholders of record on June 1, 2024. The dividends range from $0.11469 to $0.59 per share on various series of First Preference Shares and Common Shares. The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.
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Advisory: Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

Rhea-AI Summary
Fortis Inc. will release its 2023 financial results on February 9, 2024, followed by a teleconference and webcast. The President and CEO, David Hutchens, and the CFO, Jocelyn Perry, will discuss the annual financial results. Shareholders, analysts, and the media can participate via webcast or toll-free call. An archived webcast will be available on the Corporation's website after the call.
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New UniSource Electric Rates Support Investments in Safe, Reliable Service

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UniSource Energy Services is implementing new electric rates to cover rising costs and support ongoing investments in safe, reliable service. The average monthly bills of typical residential customers on UniSource’s Basic pricing plan are expected to increase by $13.68 under the new rates, approved by the Arizona Corporation Commission. The new rates reflect more than $330 million the company has invested since 2014 to maintain reliable service and serve the increasing energy needs of growing communities in Mohave and Santa Cruz counties.
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TEP, UniSource Issue New All-Source Request for Proposals for Additional Energy Resources

Rhea-AI Summary
Tucson Electric Power (TEP) and UniSource Energy Services are seeking new generation facilities, energy storage systems, and energy efficiency resources through a joint all-source request for proposals (ASRFP) to meet customers' increasing energy needs while maintaining affordable service. The ASRFP targets resources to support the companies' 2023 integrated resource plans (IRPs) and seeks submissions by March 8, 2024. TEP's 2023 IRP plans to add 2,240 MW of wind and solar generation and 1,330 MW of energy storage by 2038, aiming for an 80 percent reduction in CO2 emissions by 2035. UniSource's 2023 IRP plans to more than double its electric energy resources by adding 350 MW of solar and wind resources, 200 MW of natural gas turbines, and 225 MW of energy storage systems by 2038.
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Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

Rhea-AI Summary
Fortis Inc. (FTS) will release its 2023 financial results on February 9, 2024. The teleconference and webcast will feature David Hutchens, President and CEO, and Jocelyn Perry, EVP and CFO, discussing the annual financial results. Shareholders, analysts, and the media can participate in the live webcast or call in with questions. An archived webcast will be available on the Corporation's website.
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Fortis Inc. Announces First Quarter Dividends – 2024

Rhea-AI Summary
Fortis Inc. (FTS) declares dividends payable on March 1, 2024, to Shareholders of Record of various Shares of the Corporation. The dividends are designated as eligible dividends for federal and provincial dividend tax credit purposes.
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FAQ

What is the current stock price of Fortis (FTS)?

The current stock price of Fortis (FTS) is $43.88 as of February 28, 2025.

What is the market cap of Fortis (FTS)?

The market cap of Fortis (FTS) is approximately 21.7B.

What does Fortis Inc. do?

Fortis Inc. is a leading electric and gas utility company in North America, providing regulated utility services to over 3 million customers in Canada, the US, and the Caribbean.

Where are Fortis Inc.'s shares listed?

Fortis Inc.'s shares are listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol FTS.

What subsidiaries does Fortis Inc. operate?

Fortis operates eight utility transmission and distribution subsidiaries in Canada and the US, along with investments in electricity generation and Caribbean utilities.

How many customers does Fortis Inc. serve?

Fortis Inc. serves more than 3.4 million electricity and gas customers across North America and the Caribbean.

What are some recent updates from Fortis Inc.?

Recent updates include forward-looking statements from Tucson Electric Power and UniSource Energy Services. These can be accessed through designated news releases on Fortis's website.

What is ITC Holdings Corp?

ITC Holdings Corp is a subsidiary of Fortis Inc. that operates in seven U.S. states, managing over 16,000 miles of high-voltage transmission lines.

How much revenue did Fortis Inc. generate in fiscal 2014?

Fortis Inc. generated $5.4 billion in revenue for the fiscal year 2014.

Where can I find more financial information about Fortis Inc.?

Additional financial information about Fortis Inc. can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.

What are Fortis Inc.'s total assets?

Fortis Inc. has total assets amounting to approximately $28 billion.

How can I access Fortis Inc.'s latest press releases?

Fortis Inc.'s latest press releases can be accessed through their official website and platforms like SEDAR and SEC.
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Fortis

NYSE:FTS

FTS Rankings

#425 Ranked by Market Cap
#530 Ranked by Dividends

FTS Stock Data

21.69B
498.55M
0.04%
57.39%
1.75%
Utilities - Regulated Electric
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