Fortis(FTS)
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Big Bargain Dividends I'm Grabbing With Both Hands
Seeking Alpha· 2024-09-06 20:30
fcafotodigital Co-authored with Hidden Opportunities From a market price standpoint, defensive sectors like REITs, utilities and telecom have been hit particularly hard as we went through a record pace of interest rate increases. However, due to their defensive nature, the underlying companies demonstrated strong execution, maintained their profitability, and predictably generated free cash flows, but failed to secure better valuations due to the perception of struggle amidst higher borrowing costs. This is ...
Fortis Inc. Announces Pricing of Senior Unsecured Notes
GlobeNewswire News Room· 2024-09-06 06:03
Not for distribution to U.S. news wire services or dissemination in the United States. This news release constitutes a "designated news release" for the purposes of the Corporation's prospectus supplement dated September 19, 2023 to its short form base shelf prospectus dated November 21, 2022. ST. JOHN'S, Newfoundland and Labrador, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX: FTS) announced today that it has priced an offering by private placement (the "Offering"), pu ...
3 Defensive Dividend Stocks for Retirees to Load Up On Now
Investor Place· 2024-08-16 19:15
In 2023, the S&P 500 reached new highs, despite plenty of headwinds and geopolitical tensions providing downside pressure. Such events impacted global markets, but the U.S. index has stood strong, making new highs this year. Defensive stocks in various sectors like technology, health, and food and beverage, have provided steady dividends and cash flows. Indeed, many investors have increasingly focused on such stocks, as valuations across the board have increased. Investing in defensive dividend stocks is pa ...
Fortis(FTS) - 2024 Q2 - Earnings Call Transcript
2024-08-01 02:27
财务数据和关键指标变化 - 第二季度和年初至今的调整每股收益分别为0.67加元和1.60加元,较去年同期分别增加0.05加元和0.07加元,主要由于各公用事业的资产基础投资、新客户费率以及亚利桑那州天气较好带来的收益增加 [13][17][19] - 公司已在上半年筹集约14亿加元债务,用于偿还借款和为资本计划提供资金,维持了良好的流动性状况 [20] 各条业务线数据和关键指标变化 - 美国电力和天然气公用事业贡献每股收益增加0.05加元,主要由于亚利桑那州新客户费率和零售收入增加 [14] - 中央哈德逊每股收益下降0.02加元,主要由于客户信息系统实施相关的一次性监管和解决费用 [14] - ITC每股收益增加0.02加元,主要由于资产基础增长,但受控股公司融资成本上升的抑制 [15] - 西部加拿大公用事业每股收益增加0.02加元,主要由于英属哥伦比亚省新的资本成本参数以及阿尔伯塔省2024年允许收益率上升,但受运营成本时间性和所得税费用的抑制 [15] 各个市场数据和关键指标变化 - 亚利桑那州的零售收入和批发销售利润增加,但受运营成本上升的影响 [17][18] - 艾特肯溪资产的处置以及衍生工具未实现亏损对公司及其他分部的每股收益产生负面影响 [19] 公司战略和发展方向及行业竞争 - 公司5年250亿加元的资本计划正按计划执行,预计到2028年资产基础将增加约120亿加元至490亿加元,年均增长6.3% [9] - ITC在MISO地区的长期输电计划二期项目投资预计将从之前的170亿-230亿美元增加至230亿-270亿美元,为公司带来新的增长机会 [9][10] - 英属哥伦比亚省的Tilbury LNG项目获得联邦环境评估证书,有利于进一步扩大该设施的规模和功能 [11] - 公司各地区公用事业都在努力拓展清洁能源、电气化和负荷增长等领域的增长机会 [12] 管理层对经营环境和未来前景的评论 - 公司有信心维持4%-6%的年度股息增长指引,体现了公司的低风险增长战略 [12] - 亚利桑那州正在评估使用公式费率或前瞻性测试年等监管机制,以减少监管滞后,公司对此持乐观态度 [22][23] - 中央哈德逊的客户信息系统问题已得到解决,未来影响预计不重大,新的费率决定也提高了允许收益率 [23][24][25] 其他重要信息 - 公司发布了2024年可持续发展报告,涵盖了抗灾能力、生物多样性和减排等方面的进展 [7] - 爱荷华州最高法院暂缓了对ITC在该州输电一期项目的禁令,ITC可以继续推进这些项目的建设 [7][21]
Fortis (FTS) Q2 Earnings Top Estimates
ZACKS· 2024-07-31 20:15
This quarterly report represents an earnings surprise of 4.26%. A quarter ago, it was expected that this electric and gas utility would post earnings of $0.65 per share when it actually produced earnings of $0.69, delivering a surprise of 6.15%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Fortis has underperformed the market so far this year, the qu ...
Fortis Inc. Releases Second Quarter 2024 Results and 2024 Sustainability Report
GlobeNewswire News Room· 2024-07-31 18:00
ST. JOHN'S, Newfoundland and Labrador, July 31, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its second quarter results1 and 2024 Sustainability Report. This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21, 2022. Second qu ...
Fortis Inc. Announces Third Quarter Dividends – 2024
Newsfilter· 2024-07-31 06:14
ST. JOHN'S, Newfoundland and Labrador, July 30, 2024 (GLOBE NEWSWIRE) -- Investor Enquiries Ms. Stephanie Amaimo Vice President, Investor Relations Fortis Inc. 248.946.3572 investorrelations@fortisinc.com Media Enquiries Ms. Karen McCarthy Vice President, Communications & Government Relations Fortis Inc. 709.737.5323 media@fortisinc.com This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf pr ...
Advisory: Fortis Inc. to Hold Teleconference on July 31 to Discuss Second Quarter 2024 Results
GlobeNewswire News Room· 2024-07-24 04:35
文章核心观点 - 福特斯公司将于2024年7月31日发布2024年第二季度财务业绩 [1] - 公司总裁兼首席执行官David Hutchens和首席财务官Jocelyn Perry将在电话会议上讨论公司的财务业绩 [1] - 公司邀请股东、分析师、媒体和其他利益相关方通过公司网站收听电话会议直播 [2][3] - 公司2023年收入为120亿美元,截至2024年3月31日总资产为680亿美元,拥有9,600名员工 [5] 公司概况 - 福特斯公司是北美受监管的电力和天然气公用事业行业的多元化领导者 [5] - 公司的股票在多伦多证券交易所和纽约证券交易所上市,代码为FTS [6] 联系方式 - 投资者咨询:Stephanie Amaimo,投资者关系副总裁 [7] - 媒体咨询:Karen McCarthy,通讯与政府关系副总裁 [7]
3 Top Dividend Kings to Buy to Unleash Steady Income
Investor Place· 2024-07-19 00:43
Dividend Kings are high-end stocks that have raised their dividends annually for at least 50 years consecutively. These remarkable companies have maintained their streak of annual dividend growth through wars, recessions and financial crises. Each have proved the reliability of their business models and steadiness of their profits. For investors, Dividend Kings can be an excellent source of steady income year after year. Coca-Cola (KO) While the stock looks a bit expensive today like most U.S. equities, KO' ...
FTS vs. SO: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-07-11 00:46
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. FTS currently has a forward P/E ratio of 16.82, while SO has a forward P/E of 19.54. We also note that FTS has a PEG r ...