Skip to Content

Fortis Inc FTS Stock Quote

| Rating as of

Morningstar‘s Stock Analysis FTS

Valuation
Currency in CAD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Raising U.S. Electricity Demand Growth Outlook, Reaffirming Utilities Fair Value Estimates

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are reaffirming our fair value estimates for U.S. utilities after raising our 10-year annual U.S. electricity demand growth forecast to 1.4%, up from 1.2% in our previous forecast two years ago. We also are reaffirming our economic moat and moat trend ratings for all U.S. utilities.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics FTS

Company Profile FTS

Business Description

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.

Contact
5 Springdale Street, Suite 1100, Fortis Place
St. John’s, NL, A1E OE4, Canada
T +1 709 737-2800
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 9,100

Related News FTS