Fortis Inc.

NYSE:FTS Stock Report

Market Cap: US$21.7b

Fortis Management

Management criteria checks 3/4

Fortis' CEO is Dave Hutchens, appointed in Jan 2021, has a tenure of 4.08 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 $5.74M. The average tenure of the management team and the board of directors is 5.4 years and 7.3 years respectively.

Key information

Dave Hutchens

Chief executive officer

CA$14.4m

Total compensation

CEO salary percentage11.7%
CEO tenure4.1yrs
CEO ownership0.03%
Management average tenure5.4yrs
Board average tenure7.3yrs

Recent management updates

Recent updates

Behind The Billions: Fortis' Ambitious Vision For 2029

Dec 05

Fortis: 'Hold' Despite The Outperformance

Aug 22

Fortis: A Look At The Valuation On This Dividend Aristocrat

Jun 06

Fortis: The Sub-Par Performance Continues Due To Valuation

Mar 27

Fortis: Preferred Shares Deliver Yield And Outperform Common

Jan 10

Fortis: An Update On One Of The Larger Canadian Utilities, Maintain 'Hold'

Nov 06

Fortis: 8-9% Yielding Preferred Shares Offer A Lower Risk Prospect Vs. Common Shares

Aug 23

Fortis: A Stable High-Yielding Utility That Is Too Expensive

Jun 06

Fortis Q4 Earnings Preview

Feb 09

Fortis: A Dividend King In The Making

Jan 17

Fortis Warrants A Valuation Update After A 14% Drop - Close To A 'Buy'

Nov 08

Fortis Q3 2022 Earnings Preview

Oct 27

Fortis raises dividend 5.6% to CAD 0.565/share

Sep 28

Fortis subsidiary launches senior notes offering

Sep 08

Fortis: Completion Of Energy Projects Will Likely Push The Price Up

Aug 29

Fortis declares CAD 0.535 dividend

Jul 28

Fortis: Strong Renewable Ambitions And Financials But Appears Overpriced

May 24

Fortis: I Remain At 'Hold', But There Is A Potential Upside At 18X P/E

Mar 01

CEO Compensation Analysis

How has Dave Hutchens's remuneration changed compared to Fortis's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024n/an/a

CA$2b

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 ($USD10.15M) is about average for companies of similar size in the US market ($USD12.47M).

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

CEO

Dave Hutchens (57 yo)

4.1yrs

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
President4.1yrsCA$14.40m0.026%
$ 5.6m
Jocelyn Perry
Executive VP & CFO6.7yrsCA$3.94m0.012%
$ 2.6m
Gary Smith
Executive Vice President of Operations & Technology3.1yrsCA$3.40m0.0086%
$ 1.9m
James Reid
Executive VP of Sustainability & Chief Legal Officer6.9yrsCA$3.50m0.0066%
$ 1.4m
Stuart Lochray
Executive Vice President of Strategy & Business Developmentless than a yearCA$2.24m0.0029%
$ 631.6k
Keri Glitch
Chief Information Officer & VPless than a yearno data0.000090%
$ 19.5k
Stephanie Amaimo
Vice President of Investor Relations7.3yrsno data0.0021%
$ 453.7k
Karen McCarthy
Vice President of Communications and Government Relations6.8yrsno data0.00076%
$ 165.0k
Tanya Finlay
Vice President of People & Culture1.6yrsno data0.0013%
$ 288.7k
Regan O'Dea
VP & General Counsel7.8yrsno data0.0022%
$ 479.7k
Susan Gray
Executive Vice President of Western Utility Operationsno datano datano data
Eddinton Powell
CEO & President of Fortis Turks & Caicosno datano datano data

5.4yrs

Average Tenure

55yo

Average Age

Experienced Management: FTS's management team is seasoned and experienced (5.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Hutchens
President4.1yrsCA$14.40m0.026%
$ 5.6m
Maura Clark
Independent Corporate Director9.8yrsCA$401.02k0.00040%
$ 86.8k
Julie Dobson
Independent Corporate Director6.8yrsCA$377.64k0.00083%
$ 180.2k
Jo Zurel
Independent Chair8.8yrsCA$474.61k0.0020%
$ 434.1k
Donald Marchand
Independent Director1.8yrsCA$156.67k0.0010%
$ 217.1k
Pierre Blouin
Independent Corporate Director9.8yrsCA$357.05k0.00068%
$ 147.6k
Tracey Ball
Independent Corporate Director10.8yrsCA$450.77k0.0012%
$ 264.8k
Margarita Dilley
Independent Corporate Director8.8yrsCA$509.54k0.00071%
$ 154.1k
Lawrence Borgard
Independent Corporate Director7.8yrsCA$351.38k0.0022%
$ 488.4k
Gianna Manes
Independent Director3.8yrsCA$339.05kno data
Gregory Knight
Independent Directorless than a yearno datano data
Lisa Durocher
Independent Director3.8yrsCA$293.10kno data

7.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: FTS's board of directors are considered experienced (7.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/19 22:26
End of Day Share Price 2025/02/19 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

Fortis Inc. is covered by 25 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