Fortis Inc. (TSX, NYSE: FTS)

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

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Income Investor

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

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FTS was first recommended here on August 15, 2005







TSX: FTS OTC:FRTSF