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Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, and Say on Pay
Globe Newswire (Thu, 7-May 2:45 PM ET)
Fortis Inc. Releases First Quarter 2026 Results
Globe Newswire (Wed, 6-May 6:00 AM ET)
Globe Newswire (Wed, 29-Apr 4:35 PM ET)
Globe Newswire (Wed, 8-Apr 4:35 PM ET)
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving 3.5 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.
Fortis Common Shares trades on the NYSE stock market under the symbol FTS.
As of June 10, 2026, FTS stock price climbed to $56.52 with 329,389 million shares trading.
FTS has a beta of -0.04, meaning it tends to be less sensitive to market movements. FTS has a correlation of 0.00 to the broad based SPY ETF.
FTS has a market cap of $28.78 billion. This is considered a Large Cap stock.
Last quarter Fortis Common Shares reported $2 billion in Revenue and $.72 earnings per share. This beat revenue expectation by $41 million and exceeded earnings estimates by $.03.
In the last 3 years, FTS traded as high as $58.78 and as low as $36.30.
The top ETF exchange traded funds that FTS belongs to (by Net Assets): FVD, IFRA, PID, DFAI, DFIC.
FTS has outperformed the market in the last year with a price return of +23.3% while the SPY ETF gained +22.9%. However, in the short term, FTS had mixed performance relative to the market. It has underperformed in the last 3 months, returning -1.4% vs +7.8% return in SPY. But in the last 2 weeks, FTS shares have fared better than the market returning -0.2% compared to SPY -2.8%.
FTS support price is $55.17 and resistance is $56.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTS shares will trade within this expected range on the day.