Fortis (Electric Utility) Overview
- Year Founded
-
1885
- Status
-
Public
- Employees
-
9,600
- Stock Symbol
-
FTS
- Investments
-
13
- Share Price
-
$44.36
- (As of Tuesday Closing)
Fortis (Electric Utility) General Information
Description
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.
Contact Information
Website
www.fortisinc.comCorporate Office
- Fortis Place, Suite 1100, 5 Springdale Street
- PO Box 8837
- St. John's, Newfoundland and Labrador A1B 3T2
- Canada
Corporate Office
- Fortis Place, Suite 1100, 5 Springdale Street
- PO Box 8837
- St. John's, Newfoundland and Labrador A1B 3T2
- Canada
Fortis (Electric Utility) Stock Performance
As of 03-Dec-2024, Fortis (Electric Utility)’s stock price is $44.36. Its current market cap is $22.1B with 495M shares.
(As of Tuesday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $44.36 | $44.99 | $37.00 - $46.02 | $22.1B | 495M | 1.6M | $2.37 |
Fortis (Electric Utility) Financials Summary
As of 30-Sep-2024, Fortis (Electric Utility) has a trailing 12-month revenue of $8.41B.
|
In Thousands, USD |
TTM 30-Sep-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 47,839,975 | 44,455,940 | 42,688,980 | 45,064,116 |
| Revenue | 8,409,450 | 8,528,016 | 8,475,513 | 7,532,668 |
| EBITDA | 3,944,593 | 3,755,674 | 3,501,339 | 3,302,319 |
| Net Income | 1,222,030 | 1,164,762 | 1,069,896 | 1,031,676 |
| Total Assets | 51,545,430 | 49,690,939 | 47,341,586 | 45,222,036 |
| Total Debt | 23,698,079 | 22,635,308 | 21,393,310 | 20,350,269 |
Fortis (Electric Utility) Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Fortis (Electric Utility) Comparisons
Industry
Financing
Details
Fortis (Electric Utility) Competitors (11)
One of Fortis (Electric Utility)’s 11 competitors is Emera, a Corporation company based in Halifax, Canada.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Emera | Corporation | Halifax, Canada | ||||
| Hydro One Networks | Corporate Backed or Acquired | Toronto, Canada | ||||
| NiSource | Private Equity-Backed | Merrillville, IN | ||||
| DTE Energy | Private Debt Financed | Detroit, MI | ||||
| Just Energy Group | Corporation | Houston, TX |
Fortis (Electric Utility) Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Fortis (Electric Utility) Patents
Fortis (Electric Utility) Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-5498947-A | Frequency and amplitude variable waveform synthesizer | Inactive | 05-May-1994 |
Fortis (Electric Utility) Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Fortis (Electric Utility) Investments & Acquisitions (13)
Fortis (Electric Utility)’s most recent deal was a Merger/Acquisition with ITC Holdings for . The deal was made on 14-Oct-2016.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| ITC Holdings | 14-Oct-2016 | Merger/Acquisition | Electric Utilities | ||
| Chevron Canada (Aitken Creek) | 04-Apr-2016 | Corporate Asset Purchase | Other Energy | ||
| UNS Energy | 15-Aug-2014 | Merger/Acquisition | Multi-Utilities | ||
| CH Energy Group | 21-Mar-2012 | Merger/Acquisition | Multi-Utilities | ||
| Terasen Gas | 19-Mar-2007 | Merger/Acquisition | Gas Utilities |
Fortis (Electric Utility) Subsidiaries (11)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Itc Investment Holdings | Electric Utilities | Novi, MI | 2016 |
| FortisOntario | Electric Utilities | Fort Erie, Canada | |
| FortisAlberta | Electric Utilities | Calgary, Canada | |
| FortisBC Holdings | Energy Transportation | Surrey, Canada | |
| UNS Energy | Multi-Utilities | Tucson, AZ |
Fortis (Electric Utility) ESG
Risk Overview
Risk Rating
Updated October, 26, 2024
26.81 | Med Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 15,035
Rank
Percentile
Utilities
Industry
of 644
Rank
Percentile
Multi-Utilities
Subindustry
of 103
Rank
Percentile
Fortis (Electric Utility) Exits (1)
Fortis (Electric Utility)’s most recent exit was on 01-May-2004 from Walden Hydroelectric Project. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Walden Hydroelectric Project | 01-May-2004 | Completed |
|
Fortis (Electric Utility) FAQs
-
When was Fortis (Electric Utility) founded?
Fortis (Electric Utility) was founded in 1885.
-
Where is Fortis (Electric Utility) headquartered?
Fortis (Electric Utility) is headquartered in St. John's, Canada.
-
What is the size of Fortis (Electric Utility)?
Fortis (Electric Utility) has 9,600 total employees.
-
What industry is Fortis (Electric Utility) in?
Fortis (Electric Utility)’s primary industry is Electric Utilities.
-
Is Fortis (Electric Utility) a private or public company?
Fortis (Electric Utility) is a Public company.
-
What is Fortis (Electric Utility)’s stock symbol?
The ticker symbol for Fortis (Electric Utility) is FTS.
-
What is the current stock price of Fortis (Electric Utility)?
As of 03-Dec-2024 the stock price of Fortis (Electric Utility) is $44.36.
-
What is the current market cap of Fortis (Electric Utility)?
The current market capitalization of Fortis (Electric Utility) is $22.1B.
-
What is Fortis (Electric Utility)’s current revenue?
The trailing twelve month revenue for Fortis (Electric Utility) is $8.41B.
-
Who are Fortis (Electric Utility)’s competitors?
Emera, Hydro One Networks, NiSource, DTE Energy, and Just Energy Group are some of the 11 competitors of Fortis (Electric Utility).
-
What is Fortis (Electric Utility)’s annual earnings per share (EPS)?
Fortis (Electric Utility)’s EPS for 12 months was $2.37.
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