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Fortis Inc
Previous close
$54.38
Day range
$54.41 - $54.95
Year range
$49.82 - $62.00
Market cap
26.91B CAD
Avg Volume
1.38M
P/E ratio
17.47
Dividend yield
4.32%
Primary exchange
TSE
In the news
Financials
Income Statement
Revenue
Net income
(CAD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 2.88B | -8.93% |
Operating expense | 439.00M | 10.30% |
Net income | 398.00M | 3.11% |
Net profit margin | 13.80 | 13.30% |
Earnings per share | 0.53 | -0.30% |
EBITDA | 1.25B | 4.09% |
Effective tax rate | 21.48% | — |
Balance Sheet
Total assets
Total liabilities
(CAD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 625.00M | 199.04% |
Total assets | 65.92B | 2.60% |
Total liabilities | 42.59B | 2.84% |
Total equity | 23.33B | — |
Shares outstanding | 490.60M | — |
Price to book | 1.34 | — |
Return on assets | 3.00% | — |
Return on capital | 3.70% | — |
Cash Flow
Net change in cash
(CAD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | 398.00M | 3.11% |
Cash from operations | 746.00M | -14.15% |
Cash from investing | -748.00M | 35.07% |
Cash from financing | -134.00M | -230.10% |
Net change in cash | -140.00M | 24.73% |
Free cash flow | 141.25M | 153.84% |
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