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Fortis Inc. Common Shares - $FTS STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fortis Common Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fortis Common Shares's position in the market.

Rhea-AI Summary

Fortis Inc. shareholders approved the election of directors, appointment of auditors, say on pay, and omnibus equity plan at the Annual and Special Meeting of Shareholders. Deloitte LLP was appointed as the auditors and all business items were passed. Fortis is a key player in the North American utility industry with significant revenue and assets. The 's shares trade on the TSX and NYSE under the symbol FTS.

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0.66%
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Rhea-AI Summary

Fortis Inc., a leading North American utility company, reported first-quarter net earnings of $459 million, up from $437 million in 2023. Adjusted net earnings per share were $0.93, capital expenditures reached $1.1 billion, and the 2024 Climate Report was released. The company remains focused on delivering a cleaner energy future while providing reliable and affordable energy.

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Rhea-AI Summary
Fortis Inc. will hold a teleconference on May 1, 2024, to discuss its first quarter 2024 financial results. The 's President and CEO, David Hutchens, along with CFO Jocelyn Perry, will lead the discussion. Shareholders, analysts, and other interested parties can participate in the live webcast to ask questions. The Annual and Special Meeting of Shareholders will take place on May 2, 2024, both in-person and online.
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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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News
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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 audited Consolidated Financial Statements for 2023 and announces upcoming Annual Meeting of Shareholders.
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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. 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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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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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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Fortis Inc. Common Shares

NYSE:FTS

FTS Rankings

FTS Stock Data

19.92B
489.80M
0.04%
57.77%
1.79%
Other Electric Power Generation
Utilities
Link
United States of America
St Johns

About FTS

fortis inc. is a leader in the north american electric and gas utility business, with total assets of approximately $28 billion and fiscal 2014 revenue of $5.4 billion. its regulated utilities serve more than 3 million customers across canada and in the united states and the caribbean.