Fortis Shareholders Back Board, Auditors and Executive Pay at May 7 AGM
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The latest update is out from Fortis ( (TSE:FTS) ).
Fortis Inc., a major North American regulated electric and gas utility with $12 billion in 2025 revenue and $77 billion in assets as of March 31, 2026, serves customers in five Canadian provinces, ten U.S. states and the Cayman Islands. The company employs 9,900 people and its shares are listed on both the Toronto Stock Exchange and New York Stock Exchange under the ticker FTS.
At its annual meeting held on May 7, 2026, Fortis shareholders voted in favour of all items of business, re-electing 12 directors with strong majorities and reinforcing continuity on the board. Investors also approved the appointment of Deloitte LLP as auditors and backed the non-binding “say on pay” resolution on executive compensation, signalling broad shareholder support for the company’s governance, oversight and pay practices.
The most recent analyst rating on (TSE:FTS) stock is a Buy with a C$84.00 price target. To see the full list of analyst forecasts on Fortis stock, see the TSE:FTS Stock Forecast page.
Spark’s Take on FTS Stock
According to Spark, TipRanks’ AI Analyst, FTS is a Neutral.
The score is primarily held back by fundamentals: rising leverage and consistently negative free cash flow despite stable regulated earnings. Earnings-call commentary is a clear positive due to reaffirmed long-term rate-base and dividend growth guidance, while technicals are mixed (longer-term trend support but near-term weakness). Valuation is reasonable for the sector, supported by a solid dividend yield.
To see Spark’s full report on FTS stock, click here.
More about Fortis
Fortis Inc. is a diversified leader in the North American regulated electric and gas utility industry, with 2025 revenue of $12 billion and total assets of $77 billion as of March 31, 2026. The company’s 9,900 employees provide utility services across five Canadian provinces, ten U.S. states and the Cayman Islands, and its shares trade on the TSX and NYSE under the symbol FTS.
Fortis focuses on regulated transmission and distribution, positioning it as a key player in stable, infrastructure-based energy markets. Its broad geographic footprint and regulated asset base underpin predictable cash flows, which are central to its appeal for income-oriented and infrastructure investors.
Average Trading Volume: 1,711,737
Technical Sentiment Signal: Buy
Current Market Cap: C$38.88B
See more insights into FTS stock on TipRanks’ Stock Analysis page.
