Fortis Inc.

TSX:FTS Stock Report

Market Cap: CA$29.7b

Fortis Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Dave Hutchens

Chief executive officer

CA$14.4m

Total compensation

CEO salary percentage11.7%
CEO tenure4yrs
CEO ownership0.03%
Management average tenure4yrs
Board average tenure7.2yrs

Recent management updates

Recent updates

Estimating The Fair Value Of Fortis Inc. (TSE:FTS)

Dec 31
Estimating The Fair Value Of Fortis Inc. (TSE:FTS)

Returns On Capital At Fortis (TSE:FTS) Have Stalled

Dec 16
Returns On Capital At Fortis (TSE:FTS) Have Stalled

Here's Why Fortis (TSE:FTS) Has Caught The Eye Of Investors

Nov 14
Here's Why Fortis (TSE:FTS) Has Caught The Eye Of Investors

We Think Fortis (TSE:FTS) Is Taking Some Risk With Its Debt

Oct 03
We Think Fortis (TSE:FTS) Is Taking Some Risk With Its Debt

Should You Be Adding Fortis (TSE:FTS) To Your Watchlist Today?

Aug 14
Should You Be Adding Fortis (TSE:FTS) To Your Watchlist Today?

Here's What Analysts Are Forecasting For Fortis Inc. (TSE:FTS) After Its Second-Quarter Results

Aug 02
Here's What Analysts Are Forecasting For Fortis Inc. (TSE:FTS) After Its Second-Quarter Results

Fortis Inc.'s (TSE:FTS) Share Price Not Quite Adding Up

Jul 26
Fortis Inc.'s (TSE:FTS) Share Price Not Quite Adding Up

Return Trends At Fortis (TSE:FTS) Aren't Appealing

Jul 11
Return Trends At Fortis (TSE:FTS) Aren't Appealing

Fortis (TSE:FTS) Takes On Some Risk With Its Use Of Debt

May 02
Fortis (TSE:FTS) Takes On Some Risk With Its Use Of Debt

Fortis Inc. (TSE:FTS) Shares Could Be 22% Below Their Intrinsic Value Estimate

Apr 03
Fortis Inc. (TSE:FTS) Shares Could Be 22% Below Their Intrinsic Value Estimate

Returns At Fortis (TSE:FTS) Appear To Be Weighed Down

Feb 29
Returns At Fortis (TSE:FTS) Appear To Be Weighed Down

CEO Compensation Analysis

How has Dave Hutchens's remuneration changed compared to Fortis's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$2b

Jun 30 2024n/an/a

CA$2b

Mar 31 2024n/an/a

CA$2b

Dec 31 2023CA$14mCA$2m

CA$2b

Sep 30 2023n/an/a

CA$1b

Jun 30 2023n/an/a

CA$1b

Mar 31 2023n/an/a

CA$1b

Dec 31 2022CA$12mCA$2m

CA$1b

Sep 30 2022n/an/a

CA$1b

Jun 30 2022n/an/a

CA$1b

Mar 31 2022n/an/a

CA$1b

Dec 31 2021CA$9mCA$1m

CA$1b

Sep 30 2021n/an/a

CA$1b

Jun 30 2021n/an/a

CA$1b

Mar 31 2021n/an/a

CA$1b

Dec 31 2020CA$7mCA$1m

CA$1b

Sep 30 2020n/an/a

CA$1b

Jun 30 2020n/an/a

CA$1b

Mar 31 2020n/an/a

CA$2b

Dec 31 2019CA$5mCA$1m

CA$2b

Sep 30 2019n/an/a

CA$2b

Jun 30 2019n/an/a

CA$2b

Mar 31 2019n/an/a

CA$1b

Dec 31 2018CA$7mCA$907k

CA$1b

Compensation vs Market: Dave's total compensation ($USD10.00M) is about average for companies of similar size in the Canadian market ($USD7.72M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% in the past year.

CEO

Dave Hutchens (57 yo)

4yrs

Tenure

CA$14,398,098

Compensation

Mr. David Gerard Hutchens, also known as Dave, serves as President, Chief Executive Officer and Director at Fortis Inc. since January 1, 2021. Mr. Hutchens had been Chief Operating Officer of Fortis Inc. s...

Leadership Team

NamePositionTenureCompensationOwnership
David Hutchens
President4yrsCA$14.40m0.026%
CA$ 7.6m
Jocelyn Perry
Executive VP & CFO6.6yrsCA$3.94m0.012%
CA$ 3.5m
Gary Smith
Executive Vice President of Operations & Innovation3yrsCA$3.40m0.0087%
CA$ 2.6m
James Reid
Executive VP of Sustainability & Chief Legal Officer6.8yrsCA$3.50m0.0067%
CA$ 2.0m
Stuart Lochray
Senior Vice President of Capital Markets & Business Development3.3yrsCA$2.24m0.0029%
CA$ 867.3k
Kevin Woodbury
Vice President of Innovation & Technology3.3yrsno data0.0028%
CA$ 834.7k
Keri Glitch
Chief Information Officer & VPless than a yearno data0.000090%
CA$ 26.7k
Stephanie Amaimo
Vice President of Investor Relations7.3yrsno data0.0018%
CA$ 546.5k
Karen McCarthy
Vice President of Communications and Government Relations6.7yrsno data0.00076%
CA$ 225.7k
Tanya Finlay
Vice President of People & Culture1.5yrsno data0.0013%
CA$ 398.0k
Regan O'Dea
VP & General Counsel7.7yrsno data0.0022%
CA$ 659.4k
Susan Gray
Executive Vice President of Western Utility Operationsno datano datano data

4.0yrs

Average Tenure

53yo

Average Age

Experienced Management: FTS's management team is considered experienced (4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Hutchens
President4yrsCA$14.40m0.026%
CA$ 7.6m
Maura Clark
Independent Corporate Director9.7yrsCA$401.02k0.00040%
CA$ 118.8k
Julie Dobson
Independent Corporate Director6.7yrsCA$377.64k0.00075%
CA$ 222.8k
Jo Zurel
Independent Chair8.7yrsCA$474.61k0.0020%
CA$ 597.0k
Donald Marchand
Independent Director1.7yrsCA$156.67k0.0010%
CA$ 300.0k
Pierre Blouin
Independent Corporate Director9.7yrsCA$357.05k0.00065%
CA$ 193.1k
Tracey Ball
Independent Corporate Director10.7yrsCA$450.77k0.0012%
CA$ 350.5k
Margarita Dilley
Independent Corporate Director8.7yrsCA$509.54k0.00060%
CA$ 178.2k
Lawrence Borgard
Independent Corporate Director7.7yrsCA$351.38k0.0023%
CA$ 671.3k
Lisa Crutchfield
Independent Director2.7yrsCA$318.60kno data
Gianna Manes
Independent Director3.7yrsCA$339.05kno data
Lisa Durocher
Independent Director3.7yrsCA$293.10kno data

7.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: FTS's board of directors are considered experienced (7.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 22:32
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fortis Inc. is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Daniel FordBarclays
Ross Allen FowlerBarclays