Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Fortis ( (TSE:FTS) ) has provided an update.
Fortis Inc. announced its 2025 annual meeting of shareholders scheduled for May 8, 2025, highlighting its strong financial performance in 2024 with a 6% growth in adjusted earnings per share. The company emphasized its commitment to long-term shareholder value by raising dividends for the 51st consecutive year and outlined a significant $26 billion capital plan aimed at supporting energy transition and grid resiliency. Fortis also reported a 34% reduction in greenhouse gas emissions since 2019, reflecting its dedication to sustainability amidst industry transformations driven by climate change and energy security needs.
More about Fortis
Fortis Inc. is a leading utility company operating in the North American market, primarily focusing on electricity and gas services. The company manages 10 regulated utilities across Canada, the U.S., and the Caribbean, serving 3.5 million customers. Fortis is heavily invested in infrastructure with $73 billion in total assets and a $26 billion capital plan for 2025-2029, emphasizing growth, energy security, and transitioning to cleaner energy.
YTD Price Performance: 10.04%
Average Trading Volume: 603,169
Technical Sentiment Signal: Sell
Current Market Cap: $22.62B
Learn more about FTS stock on TipRanks’ Stock Analysis page.