Fortis Inc. (FTS) Stock

About Fortis Inc.

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 electricity vendor to other entities throughout the western United States. The company further possesses 65 MW of power generation from its own gas-fired and hydroelectric plants. Regarding its natural gas operations, Fortis serves approximately 1,065,000 residential, commercial, and industrial clients in British Columbia, Canada. In other Canadian territories, Fortis manages the electricity distribution network for approximately 577,000 customers across southern and central Alberta, and operates four hydroelectric facilities with a combined output of 225 MW. Additionally, it provides operational, maintenance, and management expertise for five other hydroelectric generating stations. The utility also ensures electricity supply to the island portion of Newfoundland and Labrador, featuring an installed generating capacity of 143 MW, and to Prince Edward Island, which has a capacity of 130 MW. Its integrated electric utility services extend to about 68,000 customers in Ontario, approximately 272,000 in Newfoundland and Labrador, around 32,000 on Grand Cayman in the Cayman Islands, and roughly 16,000 on select islands within Turks and Caicos. Internationally, Fortis holds long-term contracts for generation assets in Belize, comprising three hydroelectric plants totaling 51 MW, and owns the Aitken Creek natural gas storage facility. Its extensive infrastructure includes approximately 90,200 circuit kilometers (km) of electricity distribution lines and about 50,500 km of natural gas pipelines. Fortis Inc. was established in 1885 and maintains its corporate headquarters in St. John's, Canada.

Fortis Inc. is led by CEO David Gerard Hutchens, employs 9,800 people, headquartered in Saint John's, CA, publicly traded since 2010.

Fortis Inc. (FTS) stock trades at $56.03 with a market capitalization of $28.53B. The stock is valued at a price-to-earnings (P/E) ratio of 23.79, price-to-book of 1.80, price-to-sales of 3.36. Over the past 52 weeks the stock has ranged between $46.46 and $59.11, and currently trades 5.2% below its 52-week high. It pays a dividend yielding 3.15%.

On profitability, Fortis Inc. generates a return on equity (ROE) of 7.46%, return on capital employed of 13.50%, an operating margin of 28.43%, a net profit margin of 14.75%.

In its most recent fiscal year, Fortis Inc. reported annual revenue of $12.2B, net profit of $1.8B, revenue has compounded at 6.4% a year over the last five years, profit at 7.1% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 1.45, a current ratio of 0.51, total assets of $74.8B, $367.0M in cash and equivalents.

FTS has an average daily trading volume of 745,260.2 shares, a beta of 0.43 (less volatile than the overall market).

Official website: www.fortisinc.com