Fortis (Electric Utility) Overview

  • Founded
  • 1885
Founded
  • Status
  • Public
  • Employees
  • 9,000
Employees
  • Stock Symbol
  • FTS
Stock Symbol
  • Investments
  • 15
  • Share Price
  • $45.54
  • (As of Tuesday Closing)

Fortis (Electric Utility) General Information

Description

Fortis owns and operates utility transmission and distribution assets in Canada and the United States, serving more than 2.5 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 26 gigawatts.

Contact Information

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
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Fortis (Electric Utility) Stock Performance

(As of Tuesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$45.54 $45.20 $38.77 - $47.17 $21.5B 471M 1.28M $2.06

Fortis (Electric Utility) Financials Summary

In Thousands,
USD
TTM 30-Jun-2021 FY 2020 31-Dec-2020 FY 2019 31-Dec-2019 FY 2018 31-Dec-2018
EV 42,809,848 39,948,788 39,444,831 34,760,897
Revenue 7,116,484 6,658,569 6,616,794 6,471,369
EBITDA 3,190,578 3,038,275 3,397,671 2,817,629
Net Income 1,008,740 949,414 1,297,292 899,358
Total Assets 45,079,158 43,509,050 40,882,819 38,949,950
Total Debt 20,375,344 19,497,945 17,754,369 18,198,571
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Fortis (Electric Utility) Valuation & Funding

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

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Fortis (Electric Utility) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Fortis owns and operates utility transmission and distribution assets in Canada and the United States, serving more than
Electric Utilities
St. John's, Canada
9,000 As of 2021
00000000

00000

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00000000 000000000
Halifax, Canada
0000 As of 0000
00000
000000000 00000

00000 00

rem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et
00000 000000 00000000
Toronto, Canada
0000 As of 0000
00000000000
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Fortis (Electric Utility) Competitors (10)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Emera Corporation Halifax, Canada 0000 00000 000000000 00000
00000 000 00000000 Corporate Backed or Acquired Toronto, Canada 0000 00000000000
000000000 00000 & Corporation Oakville, Canada 0000 00000 00000000 00000
000 000000 Corporation Detroit, MI 00000
00000000 Corporation Merrillville, IN 0000 00.000 000000&0 00.000
You’re viewing 5 of 10 competitors. Get the full list »

Fortis (Electric Utility) Executive Team (20)

Name Title Board Seat Contact Info
David Hutchens Chief Executive Officer
Jocelyn Perry Chief Financial Officer, Finance & Executive Vice President
James Laurito Chief Technology Officer & Executive Vice President, Divisional
Ronald Hinsley Chief Information Officer & Vice President
Jamie Roberts Controller, Finance & Vice President
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Fortis (Electric Utility) Board Members (7)

Name Representing Role Since
00000 00000000 Fortis (Electric Utility) Chief Executive Officer 000 0000
00000 000000 Fortis (Electric Utility) Board Member 000 0000
00000 00000 Self Board Member 000 0000
0000 0000000 00 Fortis (Electric Utility) Corporate Director, Board Member and Member of Human Resources Committee and Governance and Sustainability Committee 000 0000
000000 000000 Self Board Member 000 0000
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Fortis (Electric Utility) Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-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

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Fortis (Electric Utility) Investments & Acquisitions (15)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000 00000000 14-Oct-2016 000000000000000000 00.00 Energy Transportation 00000 00000
0000000 000000 (00 04-Apr-2016 000000000 00000 00 00000 Other Energy 00000 00000
000 000000 15-Aug-2014 000000000000000000 00.00 Multi-Utilities 0. 0000000 00000000
00 000000 00000 21-Mar-2012 000000000000000000 00.00 Multi-Utilities
Terasen Gas 19-Mar-2007 Merger/Acquisition 00.00 Gas Utilities 0. 0000000 00000000
You’re viewing 5 of 15 investments and acquisitions. Get the full list »

Fortis (Electric Utility) Subsidiaries (12)

Company Name Industry Location Founded
Itc Investment Holdings Electric Utilities Novi, MI 2016
0000000000000 Acquirer Fort Erie, Canada 0000
000 00000000 Energy Transportation Novi, MI 0000
0000000000000 Electric Utilities Calgary, Canada 0000
00000000 00000000 Energy Transportation Vancouver, Canada 0000
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Fortis (Electric Utility) Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
000000 00000000000 01-May-2004 000000000 00000 00 Completed
  • 000000 (00000000 0
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