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.
Fortis released its first quarter results for 2021, showcasing a net earnings increase to $355 million or $0.76 per share, compared to $312 million in 2020. Adjusted net earnings rose to $360 million or $0.77 per share, up from $315 million. The corporation's capital expenditures amounted to $0.9 billion, part of a $3.8 billion annual plan. Credit ratings were affirmed by S&P and upgraded by DBRS. The Oso Grande Wind Project was completed, and the outlook for Fortis remains positive with a 6% dividend growth guidance.
Fortis Inc. (TSX/NYSE: FTS) will release its first quarter 2021 financial results on May 5, 2021, with a teleconference scheduled at 8:30 a.m. (Eastern). Key executives, including President David Hutchens, will discuss the results. Interested parties can join via a dedicated phone line. An archived audio webcast will be available on the company's website. Additionally, the Annual Meeting of Shareholders is set for May 6, 2021, at 9:00 a.m. (Eastern). Fortis reported a 2020 revenue of $8.9 billion and total assets of $55 billion as of December 31, 2020, serving customers in multiple regions.
Fortis Inc. (TSX/NYSE: FTS) will announce its first quarter 2021 financial results on May 5, 2021, at 8:30 a.m. (Eastern). The teleconference will feature CEO David Hutchens and CFO Jocelyn Perry discussing the results. Participants can join via phone or view the live webcast on the Fortis website. Additionally, the Annual Meeting of Shareholders will occur online on May 6, 2021, at 9:00 a.m. (Eastern). Fortis reported revenues of $8.9 billion and total assets of $55 billion as of December 31, 2020, serving customers across North America and the Caribbean.
Fortis Inc. (TSX/NYSE: FTS) has filed its audited Consolidated Financial Statements and Management Discussion for the year ending December 31, 2020. The Corporation reported revenue of $8.9 billion and total assets of approximately $55 billion as of year-end. These filings are available on SEDAR and SEC. Fortis serves utility customers across five Canadian provinces, nine U.S. states, and three Caribbean countries, with a workforce of 9,000 employees.
Fortis Inc. (FTS) reported its 2020 financial results with net earnings of $1,209 million ($2.60 per share), down from $1,655 million in 2019. Adjusted net earnings increased to $1,195 million ($2.57 per share) amid an 8.2% rise in rate base and higher retail sales in Arizona. Capital expenditures reached a record $4.2 billion, and a new emissions reduction target of 75% by 2035 was established. Despite COVID-19 challenges, the company anticipates continued growth, projecting a rate base increase to $36.4 billion by 2023, supporting earnings and dividend growth of around 6% annually through 2025.
Fortis Inc. (TSX/NYSE: FTS) announced dividends for its shareholders, effective June 1, 2021. The dividends include:
- $0.3063 on Series 'F'
- $0.2745625 on Series 'G'
- $0.11469 on Series 'H'
- $0.094899 on Series 'I'
- $0.2969 on Series 'J'
- $0.2455625 on Series 'K'
- $0.2445625 on Series 'M'
- $0.505 on Common Shares
All dividends are payable to shareholders of record as of May 17, 2021. The dividends are designated as eligible for tax credit purposes.
Fortis Inc. (TSX/NYSE: FTS) will release its 2020 annual financial results on February 12, 2021. A teleconference, led by CEO David Hutchens and CFO Jocelyn Perry, will take place at 8:30 a.m. EST to discuss these results. Participants can join by calling 1.877.223.4471 (North America) or 647.788.4922 (International). An audio webcast will also be available on the Fortis website, with a replay accessible until March 14, 2021. Fortis generated $8.8 billion in revenue in 2019 and has total assets of $56 billion as of September 30, 2020.
Fortis Inc. (TSX/NYSE: FTS) will announce its 2020 annual financial results on February 12, 2021. A teleconference will occur at 8:30 a.m. (Eastern) with CEO David Hutchens and CFO Jocelyn Perry discussing the results. Interested parties can join by calling 1.877.223.4471 (North America) or 647.788.4922 (International). The event will also be available via a live and archived audio webcast on the Fortis website. In 2019, Fortis reported revenue of $8.8 billion, serving customers across five Canadian provinces, nine U.S. states, and three Caribbean countries.
Fortis Inc. announces the Arizona Corporation Commission has approved new rates for Tucson Electric Power's general rate application, effective January 1, 2021. The approved rate base is US$2.7 billion, with US$1.2 billion invested since the last rate order. The allowed return on equity is now 9.15%, down from 9.75%. TEP is focused on upgrading its systems to accommodate population growth and customer needs while transitioning to renewable energy resources.
Fortis Inc. has declared dividends for its preference and common shares, payable on March 1, 2021. The dividends include $0.3063 for Series 'F', $0.2745625 for Series 'G', $0.11469 for Series 'H', $0.094685 for Series 'I', $0.2969 for Series 'J', $0.2455625 for Series 'K', $0.2445625 for Series 'M', and $0.505 for common shares. Shareholders of record by February 16, 2021, will receive these dividends, which are eligible for federal and provincial tax credits. Fortis reported a revenue of $8.8 billion in 2019 and operates across multiple regions.
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