Aankondiging • May 08
Fortis Inc. Announces Retirement of Gary Smith as Executive Vice President, Operations and Technology, Effective May 31, 2026 Fortis Inc. announced that effective May 31, 2026, Gary Smith, Executive Vice President, Operations and Technology, will retire after a 42-year career with the Corporation. Mr. Smith joined Fortis in 2017 having previously served as President and Chief Executive Officer of Newfoundland Power and in senior executive roles with Maritime Electric and FortisAlberta. Following his retirement, Mr. Smith’s areas of oversight will be assumed by other senior executives. Aankondiging • Apr 10
Fortis Inc. to Report Q1, 2026 Results on May 06, 2026 Fortis Inc. announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 Aankondiging • Feb 19
Fortis Inc., Annual General Meeting, May 07, 2026 Fortis Inc., Annual General Meeting, May 07, 2026. Location: newfoundland and labrador, st johns Canada Aankondiging • Feb 12
Fortis Inc. Declares Second Quarter Dividend for 2026, Payable on June 1, 2026 The Board of Directors of Fortis Inc. has declared dividend of $0.64 per share for the second quarter of 2026 payable on June 1, 2026 to the Shareholders of Record on the Common Shares of the Corporation at the close of business on May 15, 2026. Declared Dividend • Dec 30
Third quarter dividend of CA$0.64 announced Shareholders will receive a dividend of CA$0.64. Ex-date: 17th February 2026 Payment date: 1st March 2026 Dividend yield will be 4.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Dec 18
Fortis Inc. to Report Q4, 2025 Results on Feb 12, 2026 Fortis Inc. announced that they will report Q4, 2025 results on Feb 12, 2026 Aankondiging • Dec 05
Fortis Inc. Announces First Quarter Dividend for 2026, Payable on March 1, 2026 The Board of Directors of Fortis Inc. has declared dividend of $0.64 per share on the Common Shares for the first quarter of 2026 payable on March 1, 2026 to the Shareholders of Record of the following Shares of the Corporation at the close of business on February 17, 2026. Aankondiging • Nov 05
Fortis Inc. Declares Dividend on the Common Shares for the Fourth Quarter 2025, Payable on December 1, 2025 The Board of Directors of Fortis has declared dividend of $0.64 per share on the Common Shares for the fourth quarter 2025 payable on December 1, 2025 to the Shareholders of Record at the close of business on November 17, 2025. Aankondiging • Sep 30
Fortis Inc. to Report Q3, 2025 Results on Nov 04, 2025 Fortis Inc. announced that they will report Q3, 2025 results on Nov 04, 2025 Aankondiging • Sep 03
Fortis Inc. announced that it expects to receive CAD 750 million in funding Fortis Inc. announced that it has entered into an agreement for a private placement on best efforts and it will issue senior unsecured notes for aggregate gross proceeds of CAD 750 million on September 2, 2025. The company will issue notes for an aggregate principal amount of CAD 750 million. The notes bears interest at a rate of 5.100% per annum and due on December 4, 2055. The transaction is expected to close on September 4, 2025. Aankondiging • Aug 29
Fortis Expands Embedded Payments Capabilities with Adobe Commerce Extension and App Assurance Certification Fortis announced the launch of its FortisPay extension for Adobe Commerce, earning Adobe Commerce App Assurance Program Certification and reinforcing its commitment to secure, scalable, and seamless payment experiences. This milestone highlights Fortis' commitment to empowering B2B and services businesses with flexible payment solutions that streamline operations and enhance ecommerce experiences. The extension is designed to support software platforms, system integrators, digital agencies, and Value-Added Resellers (VARs) with robust embedded payment capabilities. The FortisPay app extension for Adobe Commerce streamlines payment processing and optimizes checkout for omnichannel retail. Key Benefits for Businesses: Flexible Payment Options - Accept eCheck, ACH, credit cards, Apple Pay, Google Pay, and more. Recurring Commerce at Scale - Safely and securely store payment information and monitor for expired cards with proprietary account management technology. B2B Optimization - Level 2 and Level 3 processing to improve efficiency and transparency while minimizing costs. Enhanced Operations - Real-time order status updates embedded directly in the ecommerce platform. ERP Integrations- Embedded workflows with NetSuite, Microsoft, Sage, Acumatica, and other leading ERP solutions. Scalability - Future-proof solutions support omnichannel business growth and evolving payment needs. Key Benefits for Partners: Adobe Commerce App Assurance Certified - Validated for security, performance, and quality, to ensure merchant reliability. Seamless Interaction - Tokenized APIs and a plug-and-play iframe reduce development time. Revenue Growth Opportunities - Access Fortis' partner programs to monetize payments and expand service offerings. Aankondiging • Aug 01
Fortis Inc. Declares Dividend on Common Shares, Payable on September 1, 2025 The Board of Directors of Fortis Inc. has declared the following dividends payable on September 1, 2025 to the Shareholders of Record of the following Shares of the Corporation at the close of business on August 19, 2025: $0.615 per share on the Common Shares. Aankondiging • Jul 08
Fortis Inc. to Report Q2, 2025 Results on Aug 01, 2025 Fortis Inc. announced that they will report Q2, 2025 results on Aug 01, 2025 Aankondiging • Apr 09
Fortis Inc. to Report Q1, 2025 Results on May 07, 2025 Fortis Inc. announced that they will report Q1, 2025 results on May 07, 2025 Aankondiging • Mar 25
Fortis Inc. announced that it expects to receive CAD 600 million in funding Fortis Inc. announced that it has entered into an agreement for a private placement on best efforts and it will issue senior unsecured notes for aggregate gross proceeds of CAD 600 million on March 24, 2025. The company will issue notes for an aggregate principal amount of CAD 600 million. The notes bears interest at a rate of 4.090 % per annum and due on March 26, 2032. Interest on the notes will be payable semi-annually in arrears on March 26 and Sept. 26 of each year, commencing on Sept. 26, 2025. The transaction is expected to close on March 26, 2025. Aankondiging • Feb 24
Fortis Inc., Annual General Meeting, May 08, 2025 Fortis Inc., Annual General Meeting, May 08, 2025. Location: st. johns nl meeting location (hybrid), Canada Aankondiging • Feb 14
Fortis Inc. Declares Dividend on Common Shares for the Second Quarter of 2025, Payable on June 1, 2025 The Board of Directors of Fortis Inc. has declared dividend of CAD 0.615 per share on Common Shares for the Second Quarter of 2025, payable on June 1, 2025 to the Shareholders of Record of at the close of business on May 16, 2025. Aankondiging • Jan 18
Fortis Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 Fortis Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Aankondiging • Dec 24
Fortis Inc. Announces Changes to its Board of Directors Fortis Inc. announced changes to its Board of Directors. The Board has accepted Ms. Lisa Crutchfield’s resignation as a director of the Corporation effective December 31, 2024, and appointed Gregory Knight to fill the vacancy effective January 1, 2025. Mr. Knight has extensive executive utility experience, most recently as the Executive Vice President, Customer Transformation and Business Services with CenterPoint Energy Inc., and the Chief Customer Officer with National Grid USA Service Company Inc. Aankondiging • Dec 05
Fortis Inc. Announces First Quarter Dividend for 2025, Payable on March 1, 2025 The Board of Directors of Fortis Inc. has declared first quarter dividend for 2025 of CAD 0.615 per share on the common shares, payable on March 1, 2025 to the Shareholders of Record of the Shares of the Corporation at the close of business on February 18, 2025. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: CA$0.85 (vs CA$0.81 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.85 (up from CA$0.81 in 3Q 2023). Revenue: CA$2.77b (up 1.9% from 3Q 2023). Net income: CA$420.0m (up 6.6% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 05
Fortis Inc. Provides Annual Dividend Growth Guidance Through 2029 Fortis Inc. remained committed to the company's regulated growth strategy, focused on annual dividend growth of 4%-6% through 2029 for shareholders, while delivering affordable and reliable energy to the company's customers. Declared Dividend • Oct 07
Second quarter dividend of CA$0.61 announced Shareholders will receive a dividend of CA$0.61. Ex-date: 18th November 2024 Payment date: 1st December 2024 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued Over the last 90 days, the stock has risen 11% to €40.50. The fair value is estimated to be €50.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 7.8%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Aankondiging • Sep 26
Fortis Inc. Announces Fourth Quarter Dividend, Payable on December 1, 2024 The Board of Directors of Fortis Inc. has declared fourth quarter dividend of CAD 0.615 per share on the common shares, payable on December 1, 2024 to the Shareholders of Record of the Shares of the Corporation at the close of business on November 18, 2024. Aankondiging • Sep 06
Fortis Inc. announced that it expects to receive CAD 500 million in funding Fortis Inc. announced that it has entered into an agreement for a private placement on best efforts and it will issue senior unsecured notes for aggregate gross proceeds of CAD 500 million on September 5, 2024. The company will issue notes for an aggregate principal amount of CAD 500 million. The notes bears interest at a rate of 4.171% per annum and due on September 9, 2031. Interest on the notes will be payable semi-annually in arrears on March 9 and September 9 of each year, commencing on March 9, 2025. The transaction is expected to close on September 9, 2024. Declared Dividend • Aug 04
Second quarter dividend of CA$0.59 announced Shareholders will receive a dividend of CA$0.59. Ex-date: 20th August 2024 Payment date: 1st September 2024 Dividend yield will be 4.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: CA$0.67 (vs CA$0.61 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.67 (up from CA$0.61 in 2Q 2023). Revenue: CA$2.67b (up 2.9% from 2Q 2023). Net income: CA$331.0m (up 13% from 2Q 2023). Profit margin: 12% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 31
Fortis Inc. Announces Third Quarter Dividend, Payable on September 1, 2024 The Board of Directors of Fortis Inc. has declared dividend of $0.59 per share on the common shares, payable on September 1, 2024 to the Shareholders of Record of the following Shares of the Corporation at the close of business on August 20, 2024. Buy Or Sell Opportunity • Jul 23
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to €37.07. The fair value is estimated to be €46.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period. Buy Or Sell Opportunity • Jun 07
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to €37.11. The fair value is estimated to be €46.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Buy Or Sell Opportunity • May 24
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €36.76. The fair value is estimated to be €46.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Upcoming Dividend • May 09
Upcoming dividend of CA$0.59 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 01 June 2024. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.6%). Buy Or Sell Opportunity • May 06
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €37.12. The fair value is estimated to be €46.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Aankondiging • May 04
Fortis Inc. elects Jo Mark Zurel to the Board Fortis Inc. elected Jo Mark Zurel to the Board to serve until the next Annual Meeting of Shareholders or until their successors are elected or appointed. Aankondiging • May 03
Fortis Inc. to Report Q3, 2024 Results on Nov 05, 2024 Fortis Inc. announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • May 02
First quarter 2024 earnings released: EPS: CA$0.93 (vs CA$0.91 in 1Q 2023) First quarter 2024 results: EPS: CA$0.93 (up from CA$0.91 in 1Q 2023). Revenue: CA$3.12b (down 6.1% from 1Q 2023). Net income: CA$477.0m (up 9.2% from 1Q 2023). Profit margin: 15% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Mar 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Recent Insider Transactions • Feb 29
President recently bought €892k worth of stock On the 27th of February, David Hutchens bought around 25k shares on-market at roughly €35.68 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Declared Dividend • Feb 19
Dividend of CA$0.59 announced Shareholders will receive a dividend of CA$0.59. Ex-date: 16th May 2024 Payment date: 1st June 2024 Dividend yield will be 4.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 18
Fortis Inc., Annual General Meeting, May 02, 2024 Fortis Inc., Annual General Meeting, May 02, 2024. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: CA$3.10 (vs CA$2.78 in FY 2022) Full year 2023 results: EPS: CA$3.10 (up from CA$2.78 in FY 2022). Revenue: CA$11.5b (up 4.3% from FY 2022). Net income: CA$1.51b (up 13% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Aankondiging • Feb 09
Fortis Inc. Declares Dividend for the Second Quarter of 2024, Payable on June 1, 2024 Fortis Inc. declared $0.59 per share on the Common Shares for the second quarter of 2024, Payable on June 1, 2024 to the Shareholders of Record of the following Shares of the Corporation at the close of business on May 17, 2024. Upcoming Dividend • Feb 08
Upcoming dividend of CA$0.59 per share at 4.5% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.5%). Aankondiging • Dec 07
Fortis Inc. Announces First Quarter 2024 Dividend, Payable on March 1, 2024 The Board of Directors of Fortis Inc. has declared dividend of $0.59 per share on the common shares, payable on March 1, 2024 to the Shareholders of Record of the following Shares of the Corporation at the close of business on February 16, 2024. Upcoming Dividend • Nov 09
Upcoming dividend of CA$0.59 per share at 4.2% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CA$0.81 (vs CA$0.68 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.81 (up from CA$0.68 in 3Q 2022). Revenue: CA$2.72b (up 6.5% from 3Q 2022). Net income: CA$394.0m (up 21% from 3Q 2022). Profit margin: 14% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.8% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Aankondiging • Sep 20
Fortis Inc. Announces Fourth Quarter Dividend, Payable on December 1, 2023 The Board of Directors of Fortis declared a common share dividend of $0.59 per share on the issued and outstanding fully paid common shares of the Corporation, representing an approximate 4.4% increase in the quarterly dividend, payable on December 1, 2023 to the common Shareholders of Record at the close of business on November 17, 2023, marking 50 consecutive years of increased dividends. Upcoming Dividend • Aug 11
Upcoming dividend of CA$0.56 per share at 4.2% yield Eligible shareholders must have bought the stock before 18 August 2023. Payment date: 01 September 2023. Payout ratio is on the higher end at 75% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: CA$0.61 (vs CA$0.59 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.61 (up from CA$0.59 in 2Q 2022). Revenue: CA$2.59b (up 4.3% from 2Q 2022). Net income: CA$311.0m (up 9.5% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Aankondiging • Aug 02
Fortis Inc. Announces Dividend for the Third Quarter 2023, Payable on September 1, 2023 The Board of Directors of Fortis Inc. has declared the dividend of $0.565 per share on the Common Shares of the Corporation, payable on September 1, 2023 to the Shareholders of Record at the close of business on August 21, 2023. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Don Marchand was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 09
Upcoming dividend of CA$0.56 per share at 3.7% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.8%). Reported Earnings • May 04
First quarter 2023 earnings released: EPS: CA$0.90 (vs CA$0.74 in 1Q 2022) First quarter 2023 results: EPS: CA$0.90 (up from CA$0.74 in 1Q 2022). Revenue: CA$3.32b (up 17% from 1Q 2022). Net income: CA$453.0m (up 29% from 1Q 2022). Profit margin: 14% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Recent Insider Transactions • Feb 19
Chief Information Officer & VP recently sold €109k worth of stock On the 16th of February, Ronald Hinsley sold around 3k shares on-market at roughly €38.14 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.1m more than they sold in the last 12 months. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: CA$2.78 (vs CA$2.61 in FY 2021) Full year 2022 results: EPS: CA$2.78 (up from CA$2.61 in FY 2021). Revenue: CA$11.0b (up 17% from FY 2021). Net income: CA$1.33b (up 8.0% from FY 2021). Profit margin: 12% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 11
Fortis Inc. Announces Second Quarter Dividend on the Common Shares, Payable on June 1, 2023 Fortis Inc. declared dividend of $0.565 per share on the Common Shares of the Corporation, payable on June 1, 2023 to the Shareholders of record at the close of business on May 17, 2023. Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.56 per share at 4.1% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 01 March 2023. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.4%). Upcoming Dividend • Nov 09
Upcoming dividend of CA$0.56 per share Eligible shareholders must have bought the stock before 16 November 2022. Payment date: 01 December 2022. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (4.6%). Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CA$0.68 (vs CA$0.63 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.68 (up from CA$0.63 in 3Q 2021). Revenue: CA$2.55b (up 16% from 3Q 2021). Net income: CA$326.0m (up 11% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Oct 29
Fortis Inc. to Report Q4, 2022 Results on Feb 10, 2023 Fortis Inc. announced that they will report Q4, 2022 results on Feb 10, 2023 Buying Opportunity • Sep 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.2%. The fair value is estimated to be €52.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings is also forecast to grow by 6.8% per annum over the same time period. Upcoming Dividend • Aug 11
Upcoming dividend of CA$0.54 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 01 September 2022. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.2%). Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: CA$0.59 (vs CA$0.54 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.59 (up from CA$0.54 in 2Q 2021). Revenue: CA$2.49b (up 17% from 2Q 2021). Net income: CA$284.0m (up 12% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 2.6%, compared to a 1.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 19
Executive VP recently bought €57k worth of stock On the 17th of June, James Reid bought around 1k shares on-market at roughly €42.46 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €103k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 09
Upcoming dividend of CA$0.54 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 01 June 2022. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.2%). Reported Earnings • May 05
First quarter 2022 earnings released: EPS: CA$0.74 (vs CA$0.76 in 1Q 2021) First quarter 2022 results: EPS: CA$0.74. Revenue: CA$2.84b (up 12% from 1Q 2021). Net income: CA$366.0m (up 3.1% from 1Q 2021). Profit margin: 13% (down from 14% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.3%, compared to a 2.3% growth forecast for the industry in Germany. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$2.61 (up from CA$2.60 in FY 2020). Revenue: CA$9.45b (up 5.7% from FY 2020). Net income: CA$1.23b (up 1.8% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 3.6%, compared to a 8.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.54 per share Eligible shareholders must have bought the stock before 14 February 2022. Payment date: 01 March 2022. Payout ratio is on the higher end at 77% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.2%). Upcoming Dividend • Nov 09
Upcoming dividend of CA$0.54 per share Eligible shareholders must have bought the stock before 16 November 2021. Payment date: 01 December 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.8%). Upcoming Dividend • Aug 11
Upcoming dividend of CA$0.51 per share Eligible shareholders must have bought the stock before 18 August 2021. Payment date: 01 September 2021. Trailing yield: 3.5%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.8%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS CA$0.54 (vs CA$0.59 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings, although profit margins were flat and revenues improved. Second quarter 2021 results: Revenue: CA$2.13b (up 2.6% from 2Q 2020). Net income: CA$269.0m (down 1.8% from 2Q 2020). Profit margin: 13% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 07
Upcoming dividend of CA$0.51 per share Eligible shareholders must have bought the stock before 14 May 2021. Payment date: 01 June 2021. Trailing yield: 3.7%. Within top quartile of German dividend payers (3.1%). In line with average of industry peers (3.8%). Reported Earnings • May 06
First quarter 2021 earnings released: EPS CA$0.76 (vs CA$0.67 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$2.54b (up 6.2% from 1Q 2020). Net income: CA$371.0m (up 19% from 1Q 2020). Profit margin: 15% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year. Recent Insider Transactions • Feb 24
President recently bought €664k worth of stock On the 19th of February, David Hutchens bought around 20k shares on-market at roughly €33.22 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €1.6m worth in shares. Is New 90 Day High Low • Feb 23
New 90-day low: €32.25 The company is down 5.0% from its price of €33.95 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.86 per share. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue misses expectations Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 7.9%, compared to a 14% growth forecast for the Electric Utilities industry in Germany. Reported Earnings • Feb 13
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CA$8.94b (up 1.7% from FY 2019). Net income: CA$1.21b (down 27% from FY 2019). Profit margin: 14% (down from 19% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 08
New 90-day low: €32.80 The company is down 8.0% from its price of €35.63 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €53.75 per share. Is New 90 Day High Low • Dec 03
New 90-day low: €32.91 The company is down 3.0% from its price of €33.87 on 04 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.30 per share. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS CA$0.63 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: CA$2.12b (up 3.4% from 3Q 2019). Net income: CA$292.0m (up 5.0% from 3Q 2019). Profit margin: 14% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue misses expectations Revenue missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 6.4%, compared to a 17% growth forecast for the Electric Utilities industry in Germany. 
