Fortis is an electricity and natural gas distribution utility based in St. John’s. It has total assets of about $65 billion and generated revenue of $11 billion in 2022. The company serves about 3.4 million utility customers in five Canadian provinces, nine US states, and three Caribbean countries. It has 9,100 employees.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.The shares of this top-class utility have been oversold. They should move to the $60+ range when interest rates start to fall. Buy. - Gordon Pape
Current Advice
Buy
Consult your broker/advisor
Capital Gain/Loss
49.1%
Interactive Performance Chart
FTS was first recommended here on August 15, 2005