Fortis

Fortis, Inc. is a holding company, which engages in energy generation and distribution. It operates through the following business segments: Regulated Utilities and Non-Regulated. The Regulated Utilities segment is composed of ITC, which contains mainly of the electric transmission operations of the ITC regulated operating subsidiaries; UNS Energy that offers vertically integrated utility services; Central Hudson, which provides regulated electric and gas T&D utility services; FortisBC Energy distributes natural gas in British Columbia; FortisAlberta, which involves in the ownership and operation of regulated electricity distribution facilities; FortisBC Electric includes the ownership of hydroelectric generating plants, high voltage transmission lines, and a large network of distribution assets; and Other Electric that contains utilities in the eastern Canada and Caribbean. The Non-Regulated segment consists of energy Infrastructure, which is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and a gas storage facility in British Columbia, and Corporate & Other includes expenses and revenue items not specifically related to business operations. The company was founded in 1885 and is headquartered in St. John's, Canada.

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Fortis, Inc. is a holding company, which engages in the electric and gas utility industry. It operates through the Regulated Utilities and Non-Regulated segments. The Regulated Utilities segment includes ITC Holdings, UNS Energy Corporation, Central Hudson, FortisBC Energy, Fortis Alberta, FortisBC Electric, and Other Electric. The Non-Regulated segment focuses on energy infrastructure and corporate and other. The company was founded in 1885 and is headquartered in St. John's, Canada.

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ST. JOHN'S, Newfoundland and Labrador, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2023 financial results on Friday, February 9, 2024. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern) during which David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's 2023 annual financial results.

Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results

On our last update, we gave a buy rating to the preferred shares for Fortis and stuck with a hold for the common. The company had a strong Q3 2023, beating consensus estimates with EPS of 84 cents, driven by regulatory approvals and favorable exchange rates. We examine the bull case today for both the common and the preferred shares.

Fortis: Preferred Shares Deliver Yield And Outperform Common

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"There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years."--Dogs of the Dow. The 54 Dividend Kings screened as of December 29 represented 9 of 11 Morningstar Sectors. Broker targeted-top-ten net-gains ranged 18.52%-38.49% topped-by Northwest Natural, and Altria Group. By yield, Altria tops-all. Top-ten Kingly January yields reported for ABBV, FTS, FRT, BKH, UVV, NWN, MMM, CDUAF, LEG, & MO averaged 5.45%.

January's 54 Dividend Kings: Buy 8, Watch 5

This news release constitutes a "designated news release" for the purposes of the Corporation's prospectus supplement dated September 19, 2023 to its short form base shelf prospectus dated November 21, 2022.

Fortis Inc. Announces First Quarter Dividends – 2024

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This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.

Fortis Inc. Completes Sale of Aitken Creek Natural Gas Storage Facilities in British Columbia

Fortis, Inc. (NYSE:FTS ) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET Company Participants Stephanie Amaimo - VP, IR Jocelyn Perry - EVP & CFO Linda Apsey - President, CEO & Director, ITC Holdings Corp. David Hutchens - President, CEO & Director Janine Sullivan - President, CEO & Director Conference Call Participants Maurice Choy - RBC Capital Markets Robert Hope - Scotiabank Mark Jarvi - CIBC Capital Markets Linda Ezergailis - TD Securities Dariusz Lozny – Bank of America Merrill Lynch David Quezada - Raymond James Benjamin Pham - BMO Capital Markets Operator Good morning, everyone. Thank you for standing by.

Fortis, Inc. (FTS) Q3 2023 Earnings Call Transcript

Fortis (FTS) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.54 per share a year ago.

Fortis (FTS) Q3 Earnings and Revenues Beat Estimates

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This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement  dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022.

Fortis Inc. Releases Third Quarter 2023 Results

Fortis (FTS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fortis (FTS) Expected to Beat Earnings Estimates: Should You Buy?

ST. JOHN'S, Newfoundland and Labrador, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2023 financial results on Friday, October 27, 2023. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern) during which David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's third quarter financial results.

Advisory: Fortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 Results

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ST. JOHN'S, Newfoundland and Labrador, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2023 financial results on Friday, October 27, 2023. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern) during which David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation's third quarter financial results.

Fortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 Results

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Fortis (FTS) shares the details of its latest five-year capital expenditure plan, which is focused on improving the transmission business. It also approves an increase in the dividend rate.

Fortis (FTS) Unveils Capital Outlook, Ups Annual Dividend

ST. JOHN'S, Newfoundland and Labrador, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced today that it has established an at-the-market equity program (the "ATM Program") that allows the Corporation to issue up to C$500,000,000 (or its U.S. dollar equivalent) of common shares (the "Common Shares") from treasury to the public from time to time, at the Corporation's discretion. Any Common Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the "TSX"), the New York Stock Exchange (the "NYSE") or any other marketplace on which the Common Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale.

Fortis Inc. Establishes At-The-Market Equity Program

ST. JOHN'S, Newfoundland and Labrador, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2024-2028 outlook1.

Fortis Inc. Announces New $25 Billion Five Year Capital Outlook and 4.4% Increase in Fourth Quarter Dividend Marking 50 Years of Dividend Increases

ST. JOHN'S, Newfoundland and Labrador, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will hold its 2023 Investor Day on Tuesday, September 19, 2023 in St. John's, Newfoundland and Labrador. David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer and executives from certain subsidiaries will provide an update on operations, recent developments and the strategic outlook for 2024 to 2028.

Advisory: Fortis Inc. to Hold Investor Day in St. John's, Newfoundland and Labrador on September 19

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Fortis is a utility conglomerate operating in Canada, the US, Central America, and the Caribbean. In the trailing quarter, Fortis reported increased revenues, net income, and free cash flow. The company is undervalued compared to its peers and has a strong capital deployment strategy for future growth.

Fortis' Streamlined And Multi-Utility Approach Supports Sustainable Growth, Dividends

News for Fortis Stock (FTS)