Fortis traded at 75.25 this Friday May 15th, decreasing 2.16 or 2.79 percent since the previous trading session. Looking back, over the last four weeks, Fortis lost 3.45 percent. Over the last 12 months, its price rose by 14.19 percent. Looking ahead, we forecast Fortis to be priced at 73.68 by the end of this quarter and at 69.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
Fortis Inc. is a Canada-based electric and gas utility holding company. Its segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp., UNS Energy Corporation and Central Hudson Gas & Electric Corporation; Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc., FortisBC Energy Inc., FortisBC Inc. and Newfoundland Power Inc.; Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility. It serves utility customers in five Canadian provinces, nine states in United States and three Caribbean.