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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.

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.

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Fortis Inc. (TSX/NYSE: FTS) released its second quarter 2024 results and 2024 Sustainability Report. Highlights include:

- Q2 net earnings of $331 million or $0.67 per common share, up from $294 million or $0.61 in 2023
- Adjusted net earnings per share of $0.67, up from $0.62 in Q2 2023
- Capital expenditures of $2.3 billion in first half of 2024; $4.8 billion annual plan on track
- 33% reduction in direct GHG emissions through 2023 compared to 2019 levels
- $25 billion five-year capital plan expected to increase midyear rate base to $49.4 billion by 2028

Fortis continues to focus on executing its capital plan, leveraging its diversified utility portfolio, and pursuing growth opportunities within its service territories.

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Fortis Inc. (TSX/NYSE: FTS) has announced its third quarter dividends for 2024. The Board of Directors has declared dividends payable on September 1, 2024, to shareholders of record at the close of business on August 20, 2024. The dividend for common shares is set at $0.59 per share. Various preference shares will receive dividends ranging from $0.11469 to $0.402658 per share. All dividends are in Canadian dollars and have been designated as eligible dividends for federal and provincial dividend tax credit purposes. This announcement is incorporated as a "Designated News Release" in Fortis' prospectus supplement dated September 19, 2023.

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Fortis Inc. (TSX/NYSE: FTS) has announced that it will release its second quarter 2024 financial results on Wednesday, July 31, 2024. The company will hold a teleconference and webcast on the same day at 8:30 a.m. (Eastern) to discuss the results. David Hutchens, President and CEO, and Jocelyn Perry, Executive VP and CFO, will lead the discussion.

Shareholders, analysts, media, and other interested parties are invited to participate. The event will be accessible via live webcast on the company's website. North American participants can call toll-free at 1.800.717.1738, while international participants can dial 1.289.514.5100. A replay of the teleconference will be available until August 31, 2024.

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Fortis will release its Q2 2024 financial results on July 31, 2024. A teleconference and webcast are scheduled for the same day at 8:30 a.m. (Eastern), where CEO David Hutchens and CFO Jocelyn Perry will discuss the results. The event will be accessible via a live webcast on the company's website. North American participants can join toll-free at 1.800.717.1738, while international callers can dial 1.289.514.5100. The webcast will also be archived on the 's website. Replay of the teleconference will be available until August 31, 2024, by calling 1.888.660.6264 or 1.289.819.1325 and entering passcode 93188#.

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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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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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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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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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FAQ

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

The current stock price of Fortis Common Shares (FTS) is $44.99 as of September 9, 2024.

What is the market cap of Fortis Common Shares (FTS)?

The market cap of Fortis Common Shares (FTS) is approximately 22.3B.

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.

Fortis Inc. Common Shares

NYSE:FTS

FTS Rankings

FTS Stock Data

22.29B
495.20M
0.04%
57.89%
2.71%
Utilities - Regulated Electric
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United States of America
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