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Fortis Inc
Previous close
$54.77
Day range
$54.66 - $55.22
Year range
$49.82 - $62.00
Market cap
27.16B CAD
Avg Volume
1.40M
P/E ratio
17.65
Dividend yield
4.28%
Primary exchange
TSE
In the news
Financials
Income Statement
Revenue
Net income
(CAD) | Mar 2024info | Y/Y change |
---|---|---|
Revenue | 3.12B | -6.06% |
Operating expense | 467.00M | 11.19% |
Net income | 477.00M | 5.30% |
Net profit margin | 15.30 | 12.09% |
Earnings per share | 0.68 | -25.73% |
EBITDA | 1.34B | 4.76% |
Effective tax rate | 16.48% | — |
Balance Sheet
Total assets
Total liabilities
(CAD) | Mar 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 569.00M | -1.22% |
Total assets | 67.58B | 4.57% |
Total liabilities | 43.57B | 4.87% |
Total equity | 24.02B | — |
Shares outstanding | 512.90M | — |
Price to book | 1.37 | — |
Return on assets | 3.28% | — |
Return on capital | 4.04% | — |
Cash Flow
Net change in cash
(CAD) | Mar 2024info | Y/Y change |
---|---|---|
Net income | 477.00M | 5.30% |
Cash from operations | 768.00M | -16.07% |
Cash from investing | -1.14B | -21.04% |
Cash from financing | 304.00M | -21.65% |
Net change in cash | -56.00M | -115.26% |
Free cash flow | -500.50M | -220.58% |
About
Fortis Inc. is a St. John's, Newfoundland and Labrador-based international diversified electric utility holding company. It operates in Canada, the United States, Central America, and the Caribbean. In 2015, it earned CA$6.7 billion.
Fortis was formed in 1987, when shareholders of the regulated transmission and distribution utility Newfoundland Light & Power Co. voted to form a separate holding company. NL&P shares were exchanged for Fortis shares on a one-to-one basis, with the regulated NL&P becoming a 100% owned subsidiary. Wikipedia
Founded
1987
Website
Employees
9,598