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Fortis ( (TSE:FTS) ) has issued an announcement.
On May 8, 2025, Fortis Inc. held its Annual Meeting of Shareholders, where all proposed business items were approved. Shareholders elected 12 directors to the board, appointed Deloitte LLP as auditors, and endorsed the company’s executive compensation approach. This reflects strong shareholder support and may enhance Fortis’s governance and operational strategies, reinforcing its position in the utility sector.
Spark’s Take on TSE:FTS Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTS is a Outperform.
Fortis Inc. scores a solid 72, driven by strong financial performance, positive earnings call insights, and stable technical indicators. Despite high leverage and negative free cash flow, the company’s robust profitability, strategic capital investments, and commitment to dividend growth position it well within the regulated electric industry.
To see Spark’s full report on TSE:FTS stock, click here.
More about Fortis
Fortis Inc. is a well-diversified leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $75 billion as of March 31, 2025. The corporation’s 9,800 employees serve utility customers in five Canadian provinces, ten U.S. states, and three Caribbean countries. Fortis shares are listed on the TSX and NYSE under the symbol FTS.
Average Trading Volume: 1,909,830
Technical Sentiment Signal: Buy
Current Market Cap: C$33.87B
Find detailed analytics on FTS stock on TipRanks’ Stock Analysis page.