Fortis Inc.

TSX:FTS Stock Report

Market Cap: CA$26.6b

Fortis Management

Management criteria checks 3/4

Fortis' CEO is Dave Hutchens, appointed in Jan 2021, has a tenure of 3.25 years. total yearly compensation is CA$14.40M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth CA$6.92M. The average tenure of the management team and the board of directors is 3.3 years and 6.4 years respectively.

Key information

Dave Hutchens

Chief executive officer

CA$14.4m

Total compensation

CEO salary percentage11.7%
CEO tenure3.3yrs
CEO ownership0.03%
Management average tenure3.3yrs
Board average tenure6.4yrs

Recent management updates

Recent updates

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

Risks To Shareholder Returns Are Elevated At These Prices For Fortis Inc. (TSE:FTS)

Dec 25
Risks To Shareholder Returns Are Elevated At These Prices For Fortis Inc. (TSE:FTS)

If EPS Growth Is Important To You, Fortis (TSE:FTS) Presents An Opportunity

Dec 04
If EPS Growth Is Important To You, Fortis (TSE:FTS) Presents An Opportunity

Fortis' (TSE:FTS) Upcoming Dividend Will Be Larger Than Last Year's

Oct 29
Fortis' (TSE:FTS) Upcoming Dividend Will Be Larger Than Last Year's

Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?

Oct 18
Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?

Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes

Sep 21
Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes

Calculating The Intrinsic Value Of Fortis Inc. (TSE:FTS)

Aug 18
Calculating The Intrinsic Value Of Fortis Inc. (TSE:FTS)

Here's Why We Think Fortis (TSE:FTS) Is Well Worth Watching

Aug 03
Here's Why We Think Fortis (TSE:FTS) Is Well Worth Watching

Is Fortis (TSE:FTS) Using Too Much Debt?

Jul 05
Is Fortis (TSE:FTS) Using Too Much Debt?

Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes

Jun 04
Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes

A Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)

Apr 19
A Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)

Is Fortis (TSE:FTS) A Risky Investment?

Mar 23
Is Fortis (TSE:FTS) A Risky Investment?

Investors Met With Slowing Returns on Capital At Fortis (TSE:FTS)

Feb 24
Investors Met With Slowing Returns on Capital At Fortis (TSE:FTS)

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

Jan 18
Calculating The Fair Value Of Fortis Inc. (TSE:FTS)

These 4 Measures Indicate That Fortis (TSE:FTS) Is Using Debt Extensively

Dec 19
These 4 Measures Indicate That Fortis (TSE:FTS) Is Using Debt Extensively

Fortis' (TSE:FTS) Dividend Will Be Increased To CA$0.565

Nov 07
Fortis' (TSE:FTS) Dividend Will Be Increased To CA$0.565

Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.565

Oct 24
Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.565

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

Oct 16
Estimating The Fair Value Of Fortis Inc. (TSE:FTS)

Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.565

Oct 02
Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.565

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

Sep 14
Returns On Capital At Fortis (TSE:FTS) Have Stalled

Fortis (TSE:FTS) Has A Somewhat Strained Balance Sheet

Aug 30
Fortis (TSE:FTS) Has A Somewhat Strained Balance Sheet

A Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)

Jul 04
A Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)

Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes

Jun 16
Returns On Capital At Fortis (TSE:FTS) Have Hit The Brakes

These 4 Measures Indicate That Fortis (TSE:FTS) Is Using Debt Extensively

Jun 01
These 4 Measures Indicate That Fortis (TSE:FTS) Is Using Debt Extensively

A Look At The Fair Value Of Fortis Inc. (TSE:FTS)

Mar 30
A Look At The Fair Value Of Fortis Inc. (TSE:FTS)

We Like These Underlying Return On Capital Trends At Fortis (TSE:FTS)

Mar 15
We Like These Underlying Return On Capital Trends At Fortis (TSE:FTS)

Is Fortis (TSE:FTS) Using Too Much Debt?

Feb 28
Is Fortis (TSE:FTS) Using Too Much Debt?

Fortis (TSE:FTS) Is Increasing Its Dividend To CA$0.54

Jan 16
Fortis (TSE:FTS) Is Increasing Its Dividend To CA$0.54

Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54

Jan 02
Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54

Are Investors Undervaluing Fortis Inc. (TSE:FTS) By 50%?

Dec 19
Are Investors Undervaluing Fortis Inc. (TSE:FTS) By 50%?

Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54

Nov 21
Fortis (TSE:FTS) Will Pay A Larger Dividend Than Last Year At CA$0.54

Fortis (TSE:FTS) Has Some Way To Go To Become A Multi-Bagger

Nov 17
Fortis (TSE:FTS) Has Some Way To Go To Become A Multi-Bagger

Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?

Nov 02
Does Fortis (TSE:FTS) Have A Healthy Balance Sheet?

Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.54

Oct 03
Fortis (TSE:FTS) Has Announced That It Will Be Increasing Its Dividend To CA$0.54

The Returns At Fortis (TSE:FTS) Aren't Growing

Aug 15
The Returns At Fortis (TSE:FTS) Aren't Growing

Is Fortis (TSE:FTS) A Risky Investment?

Aug 02
Is Fortis (TSE:FTS) A Risky Investment?

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

Jul 05
Calculating The Fair Value Of Fortis Inc. (TSE:FTS)

CEO Compensation Analysis

How has Dave Hutchens's remuneration changed compared to Fortis's earnings?
DateTotal CompensationSalaryCompany Earnings
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

Sep 30 2018n/an/a

CA$973m

Jun 30 2018n/an/a

CA$975m

Mar 31 2018n/an/a

CA$992m

Dec 31 2017CA$5mCA$857k

CA$963m

Compensation vs Market: Dave's total compensation ($USD10.46M) is about average for companies of similar size in the Canadian market ($USD8.28M).

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

CEO

Dave Hutchens (56 yo)

3.3yrs

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
President3.3yrsCA$14.40m0.026%
CA$ 6.9m
Jocelyn Perry
Executive VP & CFO5.8yrsCA$3.94m0.011%
CA$ 2.9m
Gary Smith
Executive Vice President of Operations & Innovation2.3yrsCA$3.40m0.0085%
CA$ 2.3m
James Reid
Executive VP of Sustainability & Chief Legal Officer6.1yrsCA$3.50m0.0064%
CA$ 1.7m
Stuart Lochray
Senior Vice President of Capital Markets & Business Development2.6yrsCA$2.24m0.0029%
CA$ 770.1k
Kevin Woodbury
Vice President of Innovation & Technology2.6yrsno data0.0031%
CA$ 828.7k
Keri Glitch
Chief Information Officer & VPless than a yearno datano data
Stephanie Amaimo
Vice President of Investor Relations6.5yrsno data0.0018%
CA$ 474.3k
Karen McCarthy
Vice President of Communications and Government Relations5.9yrsno data0.00075%
CA$ 199.9k
Tanya Finlay
Vice President of People & Cultureless than a yearno data0.0013%
CA$ 346.4k
Regan O'Dea
VP & General Counsel6.9yrsno data0.0021%
CA$ 546.3k
Susan Gray
Executive Vice President of Western Utility Operationsno datano datano data

3.3yrs

Average Tenure

52yo

Average Age

Experienced Management: FTS's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Hutchens
President3.3yrsCA$14.40m0.026%
CA$ 6.9m
Maura Clark
Independent Corporate Director8.9yrsCA$401.02k0.00041%
CA$ 109.3k
Julie Dobson
Independent Corporate Director5.9yrsCA$377.64k0.00076%
CA$ 202.5k
Jo Zurel
Independent Chair7.9yrsCA$474.61k0.0020%
CA$ 540.9k
Donald Marchand
Independent Directorless than a yearCA$156.67k0.0010%
CA$ 269.1k
Pierre Blouin
Independent Corporate Director8.9yrsCA$357.05k0.00053%
CA$ 141.2k
Tracey Ball
Independent Corporate Director9.9yrsCA$416.07k0.0010%
CA$ 279.8k
Margarita Dilley
Independent Corporate Director7.9yrsCA$470.60k0.00061%
CA$ 162.5k
Lawrence Borgard
Independent Corporate Director6.9yrsCA$351.38k0.0020%
CA$ 540.9k
Lisa Crutchfield
Independent Director1.9yrsCA$318.60kno data
Gianna Manes
Independent Director2.9yrsCA$339.05kno data
Lisa Durocher
Independent Director2.9yrsCA$293.10kno data

6.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: FTS's board of directors are considered experienced (6.4 years average tenure).

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