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Fortis Inc. is a prominent North American utility enterprise, delivering essential electricity and natural gas services across Canada, the United States, and various Caribbean nations. In the realm of electricity, the company supplies power to roughly 438,000 retail consumers in southeastern Arizona and an additional 100,000 retail customers in Arizona's Mohave and Santa Cruz counties. Its total generating capacity in these regions reaches 3,485 megawatts (MW), which includes 53 MW from solar installations and 252 MW from wind facilities. Beyond retail operations, Fortis is also a wholesale…
Jupiter Topco LLC purchased a new position in Fortis (NYSE: FTS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,244 shares of the utilities provider's stock, valued at approximately $2,254,000. Several other hedge funds and other institutional investors have also modified
BlackRock Inc. purchased a new stake in Fortis (NYSE: FTS) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,947,424 shares of the utilities provider's stock, valued at approximately $111,451,000. BlackRock Inc. owned approximately 0.38% of Fortis as of its
Shares of Fortis Inc. (TSE: FTS - Get Free Report) have earned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price
Fortis NYSE: FTS reported second-quarter net earnings of C$396 million, or C$0.78 per common share, up C$0.02 per share from the same period a year earlier, as regulated capital investment and higher electricity sales supported results. The utility said it invested C$2.7 billion across its systems through the first half of 2026 and remains on track to invest C$5.6 billion for the full year.
Fortis (FTS) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.55 per share a year ago.