Fortis (Electric Utility) Overview

  • Year Founded
  • 1885

Year Founded

  • Status
  • Public

  • Employees
  • 9,200

Employees

  • Stock Symbol
  • FTS

Stock Symbol

  • Investments
  • 13

  • Share Price
  • $40.80
  • (As of Monday 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 U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.

Contact Information

Website
www.fortisinc.com
Formerly Known As
St. John's Electric Light Company, The Newfoundland Light and Power Company
Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Electric Utilities
Other Industries
Gas Utilities
Stock Exchange
TSE
Primary Office
  • Fortis Place, Suite 1100, 5 Springdale Street
  • PO Box 8837
  • St. John's, Newfoundland and Labrador A1B 3T2
  • Canada
+1 (709) 000-0000

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Fortis (Electric Utility) Stock Performance

(As of Monday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$40.80 $40.45 $36.43 - $46.35 $19.9B 488M 1.54M $2.29

Fortis (Electric Utility) Financials Summary

In Thousands,
USD 		TTM 30-Sep-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020
EV 42,925,694 42,688,980 45,064,116 39,948,788
Revenue 8,740,417 8,475,513 7,532,668 6,658,569
EBITDA 3,695,419 3,501,339 3,302,319 3,038,275
Net Income 1,156,253 1,069,896 1,031,676 949,414
Total Assets 48,764,070 47,341,586 45,222,036 43,509,050
Total Debt 22,337,968 21,393,310 20,350,269 19,497,945
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Fortis (Electric Utility) Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

This information is available in the PitchBook Platform. To explore Fortis (Electric Utility)‘s full profile, request access.

Request a free trial

Fortis (Electric Utility) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, servi
Electric Utilities
St. John's, Canada
9,200 As of 2023
000
000000000 000

00000

or incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis no
00000000 000000000
Halifax, Canada
0000 As of 0000
00.000
000000000 00 00.000

00000

t dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamc
00000000 000000000
Markham, Canada
0000 As of 0000
00.000
000000000 00.000
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Fortis (Electric Utility) Competitors (12)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Emera Corporation Halifax, Canada 0000 00.000 000000000 00 00.000
00000 000 00000000 Corporate Backed or Acquired Markham, Canada 0000 00.000 000000000 00.000
00000000 Private Equity-Backed Merrillville, IN 0000 00000 000000000 00 00000
000 000000 Corporation Cincinnati, OH 00000 000.00 000000000 00 000.00
0000 000000 00000 Corporation Houston, TX 0000 00000 0000000000.
You’re viewing 5 of 12 competitors. Get the full list »

Fortis (Electric Utility) Patents

  • 1

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 000

    Granted

  • 000

    Pending

  • 000

    Expiring in next 12 mo

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 000000000 00

Fortis (Electric Utility) Executive Team (21)

Name Title Board Seat Contact Info
David Hutchens President, Chief Executive Officer & Board Member
Jocelyn Perry Chief Financial Officer, Finance & Executive Vice President
Ronald Hinsley Chief Information Officer & Vice President
James Reid Executive Vice President & Chief Legal Officer, Legal
Julie Avery Controller, Finance & Vice President
You’re viewing 5 of 21 executive team members. Get the full list »

Fortis (Electric Utility) Board Members (16)

Name Representing Role Since
00000 00000000 Fortis (Electric Utility) President, Chief Executive Officer & Board Member 000 0000
000000 00000000 Fortis (Electric Utility) Board Member 000 0000
000000 00000 Fortis (Electric Utility) Board Member 000 0000
00 00000 Self Board Member 000 0000
00000 000000 Fortis (Electric Utility) Board Member 000 0000
You’re viewing 5 of 16 board members. Get the full list »

Fortis (Electric Utility) Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Fortis (Electric Utility) Investments & Acquisitions (13)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
ITC Holdings 14-Oct-2016 0000000000 00.00 Energy Transportation 00000 000
Chevron Canada (Aitken Creek) 04-Apr-2016 000000000 00000 Other Energy 00000 000
UNS Energy 15-Aug-2014 0000000000 00.00 Multi-Utilities 0. 000000
CH Energy Group 21-Mar-2012 0000000000 00.00 Multi-Utilities
Terasen Gas 19-Mar-2007 Merger/Acquisition 00.00 Gas Utilities 0. 000000
You’re viewing 5 of 13 investments and acquisitions. Get the full list »

Ready to get started?

Request a free trial

Fortis (Electric Utility) Subsidiaries (11)

Company Name Industry Location Founded
Itc Investment Holdings Electric Utilities Novi, MI 2016
FortisOntario Electric Utilities Fort Erie, Canada 0000
FortisAlberta Electric Utilities Calgary, Canada 0000
FortisBC Holdings Energy Transportation Surrey, Canada 0000
UNS Energy Multi-Utilities Tucson, AZ 0000
You’re viewing 5 of 11 subsidiaries. Get the full list »

Fortis (Electric Utility) ESG

Risk Overview

Risk Rating

Updated May, 09, 2023

27.8 | 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

00.0

Management

Management is related to actions taken to manage ESG issues

00.00

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

00 of 15,708

Rank

00.00

Percentile

Utilities

Industry

00 of 705

Rank

00.00

Percentile

Multi-Utilities

Subindustry

00 of 104

Rank

00.00

Percentile

To view Fortis (Electric Utility)’s complete esg history, request access »

Fortis (Electric Utility) Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
Walden Hydroelectric Project 01-May-2004 000000000 00000 00 Completed
  • 000000 (00000000 0
To view Fortis (Electric Utility)’s complete exits history, request access »