Fortis Inc. Announces Annual Meeting Voting Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2026
0mins
Source: Newsfilter
- Election Results: At the Annual Meeting, Fortis shareholders elected 12 directors with support rates exceeding 96%, notably Mary C. Hemmingsen received 99.87% approval, indicating strong shareholder confidence in governance, which enhances management stability and trust.
- Auditor Appointment: Shareholders approved Deloitte LLP as the Corporation's auditors with a 99.78% support rate, ensuring financial transparency and compliance, which is crucial for boosting investor confidence and the company's reputation.
- Compensation Vote: The non-binding advisory vote on executive compensation passed with 95.15% approval, reflecting shareholder endorsement of the compensation policy, while also providing a basis for future adjustments to the pay structure, potentially impacting executive incentive designs.
- Company Overview: Fortis reported $12 billion in revenue for 2025 and total assets of $77 billion, employing 9,900 staff to serve utility customers across five Canadian provinces, ten U.S. states, and the Cayman Islands, showcasing its leadership in the North American utility sector.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FTS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FTS
Wall Street analysts forecast FTS stock price to fall
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 56.230
Low
49.50
Averages
53.87
High
57.51
Current: 56.230
Low
49.50
Averages
53.87
High
57.51
About FTS
Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utilities include ITC, UNS Energy, Central Hudson, FortisBC Energy Inc., FortisAlberta Inc., FortisBC Inc. and Other electric. The ITC includes Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC. UNS Energy includes UNS Energy Corporation, which primarily includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc. The Central Hudson includes CH Energy Group, Inc., which primarily includes Central Hudson Gas & Electric Corporation. Other Electric include Eastern Canadian and Caribbean utilities, as follows: Newfoundland Power Inc., Maritime Electric Company, Limited, FortisOntario Inc., and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fortis Inc. Announces Annual Meeting Voting Results
- Election Results: At the Annual Meeting, Fortis shareholders elected 12 directors with support rates exceeding 96%, notably Mary C. Hemmingsen received 99.87% approval, indicating strong shareholder confidence in governance, which enhances management stability and trust.
- Auditor Appointment: Shareholders approved Deloitte LLP as the Corporation's auditors with a 99.78% support rate, ensuring financial transparency and compliance, which is crucial for boosting investor confidence and the company's reputation.
- Compensation Vote: The non-binding advisory vote on executive compensation passed with 95.15% approval, reflecting shareholder endorsement of the compensation policy, while also providing a basis for future adjustments to the pay structure, potentially impacting executive incentive designs.
- Company Overview: Fortis reported $12 billion in revenue for 2025 and total assets of $77 billion, employing 9,900 staff to serve utility customers across five Canadian provinces, ten U.S. states, and the Cayman Islands, showcasing its leadership in the North American utility sector.
See More
Fortis Reports Q1 2023 Earnings with Strong Capital Plans
- Earnings Performance: Fortis reported a GAAP EPS of C$0.99 for Q1 2023, demonstrating the company's ongoing ability to generate stable earnings, which enhances investor confidence in its future growth prospects.
- Capital Expenditure Plans: The company recorded C$1.4 billion in capital expenditures in the first quarter, aligning with its C$5.6 billion annual capital plan, indicating a strong commitment to infrastructure investment that will improve service quality and customer satisfaction.
- Long-Term Growth Outlook: Fortis's C$28.8 billion five-year capital plan is expected to increase the midyear rate base from C$42.4 billion in 2025 to C$57.9 billion by 2030, translating into a compound annual growth rate of 7%, laying a solid foundation for future earnings growth.
- Dividend Growth Guidance: The anticipated long-term growth in the rate base is expected to drive earnings that support a dividend growth guidance of 4-6% annually through 2030, further enhancing shareholder return expectations.
See More
Fortis Scheduled to Announce Q1 Earnings on May 6
- Earnings Announcement Timing: Fortis is set to announce its Q1 2023 earnings before market open on May 6, drawing significant attention from investors regarding its performance amid the current economic climate.
- Earnings Expectations: The consensus EPS estimate stands at $0.73, with revenue projected at $2.61 billion, which could directly influence investor confidence and market reactions.
- Historical Performance Review: Over the past two years, Fortis has beaten EPS estimates 100% of the time, although it has not exceeded revenue expectations, indicating stable profitability but challenges in revenue growth.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, reflecting a cautious market sentiment regarding Fortis's future earnings potential, which may affect investor decisions.
See More
Fortis to Release Q1 2026 Financial Results on May 6
- Earnings Release Schedule: Fortis Inc. will release its Q1 2026 financial results on May 6, 2026, with a teleconference and webcast at 8:30 a.m. (Eastern), aimed at providing shareholders and analysts with the latest financial insights.
- Executive Participation: President and CEO David Hutchens and CFO Jocelyn Perry will discuss the results, ensuring transparency and addressing questions from investors and analysts, thereby enhancing market confidence.
- Shareholder Meeting Details: Fortis will also hold its Annual Meeting of Shareholders on May 7, 2026, offering both in-person and online participation options, allowing shareholders to ask questions during the meeting, reflecting the company's commitment to shareholder engagement.
- Company Background: Fortis reported $12 billion in revenue for 2025 and total assets of $75 billion, employing 9,900 staff to serve utility customers across five Canadian provinces, ten U.S. states, and the Cayman Islands, underscoring its leadership in the North American utility sector.
See More
U.S. Stock Futures Mostly Lower as Earnings Reports Loom
- Mixed Market Performance: On Monday, major U.S. indices showed mixed results, with the S&P 500 closing at 7,173, having reached new highs before retreating, indicating cautious investor sentiment ahead of upcoming earnings reports.
- Rising Treasury Yields: Treasury yields increased across the board, with the 30-year bond yield at 4.94% and the 10-year note at 4.33%, reflecting market expectations for potential rate hikes amid rising oil prices and a strong dollar.
- Oil Price Surge: Brent crude oil prices rose by 2.74% to $108.20, while West Texas Intermediate increased by 2.15%, driven by ongoing geopolitical tensions in the Middle East, highlighting the impact of global events on energy markets.
- Increased Crypto Volatility: Bitcoin failed to break the $80,000 resistance level, closing at $76,140, as rising oil prices and geopolitical tensions led to profit-taking, underscoring the market's sensitivity to external factors affecting cryptocurrency valuations.
See More
Fortis to Release Q1 2026 Financial Results on May 6
- Earnings Release Schedule: Fortis Inc. will release its Q1 2026 financial results on May 6, 2026, with a teleconference and webcast scheduled for 8:30 a.m. (Eastern), expected to attract significant attention from investors and analysts.
- Executive Participation: CEO David Hutchens and CFO Jocelyn Perry will discuss the financial results, providing in-depth analysis of the company's performance, which will aid investors in understanding operational status.
- Diverse Participation Options: Investors can join the webcast via the company’s website or call designated numbers for Q&A, ensuring that all stakeholders can easily access information and engage with management.
- Annual Meeting Arrangement: Fortis will also hold its Annual Meeting of Shareholders on May 7, 2026, allowing shareholders to participate either in person or online, thereby enhancing interaction and transparency between the company and its investors.
See More
Fortis Inc. Announces Annual Meeting Voting Results
- Election Results: At the Annual Meeting, Fortis shareholders elected 12 directors with support rates exceeding 96%, notably Mary C. Hemmingsen received 99.87% approval, indicating strong shareholder confidence in governance, which enhances management stability and trust.
- Auditor Appointment: Shareholders approved Deloitte LLP as the Corporation's auditors with a 99.78% support rate, ensuring financial transparency and compliance, which is crucial for boosting investor confidence and the company's reputation.
- Compensation Vote: The non-binding advisory vote on executive compensation passed with 95.15% approval, reflecting shareholder endorsement of the compensation policy, while also providing a basis for future adjustments to the pay structure, potentially impacting executive incentive designs.
- Company Overview: Fortis reported $12 billion in revenue for 2025 and total assets of $77 billion, employing 9,900 staff to serve utility customers across five Canadian provinces, ten U.S. states, and the Cayman Islands, showcasing its leadership in the North American utility sector.
See More
Fortis Reports Q1 2023 Earnings with Strong Capital Plans
- Earnings Performance: Fortis reported a GAAP EPS of C$0.99 for Q1 2023, demonstrating the company's ongoing ability to generate stable earnings, which enhances investor confidence in its future growth prospects.
- Capital Expenditure Plans: The company recorded C$1.4 billion in capital expenditures in the first quarter, aligning with its C$5.6 billion annual capital plan, indicating a strong commitment to infrastructure investment that will improve service quality and customer satisfaction.
- Long-Term Growth Outlook: Fortis's C$28.8 billion five-year capital plan is expected to increase the midyear rate base from C$42.4 billion in 2025 to C$57.9 billion by 2030, translating into a compound annual growth rate of 7%, laying a solid foundation for future earnings growth.
- Dividend Growth Guidance: The anticipated long-term growth in the rate base is expected to drive earnings that support a dividend growth guidance of 4-6% annually through 2030, further enhancing shareholder return expectations.
See More
Fortis Scheduled to Announce Q1 Earnings on May 6
- Earnings Announcement Timing: Fortis is set to announce its Q1 2023 earnings before market open on May 6, drawing significant attention from investors regarding its performance amid the current economic climate.
- Earnings Expectations: The consensus EPS estimate stands at $0.73, with revenue projected at $2.61 billion, which could directly influence investor confidence and market reactions.
- Historical Performance Review: Over the past two years, Fortis has beaten EPS estimates 100% of the time, although it has not exceeded revenue expectations, indicating stable profitability but challenges in revenue growth.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, reflecting a cautious market sentiment regarding Fortis's future earnings potential, which may affect investor decisions.
See More
Fortis to Release Q1 2026 Financial Results on May 6
- Earnings Release Schedule: Fortis Inc. will release its Q1 2026 financial results on May 6, 2026, with a teleconference and webcast at 8:30 a.m. (Eastern), aimed at providing shareholders and analysts with the latest financial insights.
- Executive Participation: President and CEO David Hutchens and CFO Jocelyn Perry will discuss the results, ensuring transparency and addressing questions from investors and analysts, thereby enhancing market confidence.
- Shareholder Meeting Details: Fortis will also hold its Annual Meeting of Shareholders on May 7, 2026, offering both in-person and online participation options, allowing shareholders to ask questions during the meeting, reflecting the company's commitment to shareholder engagement.
- Company Background: Fortis reported $12 billion in revenue for 2025 and total assets of $75 billion, employing 9,900 staff to serve utility customers across five Canadian provinces, ten U.S. states, and the Cayman Islands, underscoring its leadership in the North American utility sector.
See More
U.S. Stock Futures Mostly Lower as Earnings Reports Loom
- Mixed Market Performance: On Monday, major U.S. indices showed mixed results, with the S&P 500 closing at 7,173, having reached new highs before retreating, indicating cautious investor sentiment ahead of upcoming earnings reports.
- Rising Treasury Yields: Treasury yields increased across the board, with the 30-year bond yield at 4.94% and the 10-year note at 4.33%, reflecting market expectations for potential rate hikes amid rising oil prices and a strong dollar.
- Oil Price Surge: Brent crude oil prices rose by 2.74% to $108.20, while West Texas Intermediate increased by 2.15%, driven by ongoing geopolitical tensions in the Middle East, highlighting the impact of global events on energy markets.
- Increased Crypto Volatility: Bitcoin failed to break the $80,000 resistance level, closing at $76,140, as rising oil prices and geopolitical tensions led to profit-taking, underscoring the market's sensitivity to external factors affecting cryptocurrency valuations.
See More
Fortis to Release Q1 2026 Financial Results on May 6
- Earnings Release Schedule: Fortis Inc. will release its Q1 2026 financial results on May 6, 2026, with a teleconference and webcast scheduled for 8:30 a.m. (Eastern), expected to attract significant attention from investors and analysts.
- Executive Participation: CEO David Hutchens and CFO Jocelyn Perry will discuss the financial results, providing in-depth analysis of the company's performance, which will aid investors in understanding operational status.
- Diverse Participation Options: Investors can join the webcast via the company’s website or call designated numbers for Q&A, ensuring that all stakeholders can easily access information and engage with management.
- Annual Meeting Arrangement: Fortis will also hold its Annual Meeting of Shareholders on May 7, 2026, allowing shareholders to participate either in person or online, thereby enhancing interaction and transparency between the company and its investors.
See More
