Group 1 - The article discusses the interest in Canadian utility companies, particularly highlighting their appeal to conservative, income-generating investment strategies [1] - The target demographic for these investment strategies is characterized as middle-aged individuals, specifically Generation X, who are seeking to increase their income in a challenging economic environment [1] Group 2 - The article does not provide specific financial data or performance metrics related to the companies mentioned [2][3]

Core Points - Fortis Inc. announced the conversion of its Series H and Series I preference shares, with 11,298 Series H Shares converted to Series I Shares and 248,830 Series I Shares converted to Series H Shares [1] - Following the conversions, Fortis has 7,902,614 Series H Shares and 2,097,386 Series I Shares outstanding, both of which will continue to be listed on the Toronto Stock Exchange [1] - The Series H Shares will pay a fixed annual dividend rate of 4.183 percent starting June 1, 2025, while the Series I Shares will pay a floating quarterly dividend based on an annual rate of 4.103 percent for the first period [2][3] Company Overview - Fortis is a leader in the North American regulated electric and gas utility industry, reporting revenue of $12 billion for 2024 and total assets of $75 billion as of March 31, 2025 [5] - The company employs 9,800 individuals and serves utility customers across five Canadian provinces, ten U.S. states, and three Caribbean countries [5] - Fortis shares are publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol FTS [5]

For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Fortis (FTS) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.Fortis is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups a ...

Group 1 - Fortis Inc. (FTS) is a Canadian electric and gas utility company with a Zacks Rank 1, and its current year earnings estimate increased by 4.2% over the last 60 days [1] - Fortis' shares have gained 9.5% over the last three months, while the S&P 500 declined by 1%, indicating strong performance [1] - The company has a Momentum Score of A, reflecting its strong momentum characteristics [1] Group 2 - MGIC Investment Corporation (MTG) is a mortgage insurance company with a Zacks Rank 1, and its current year earnings estimate increased by 1.8% over the last 60 days [2] - MGIC's shares have gained 8.9% over the last three months, compared to the S&P 500's decline of 1%, showcasing solid performance [2] - The company possesses a Momentum Score of B, indicating good momentum characteristics [2]

Group 1: Fortis Inc. (FTS) - Fortis Inc. is a Canadian electric and gas utility company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for Fortis' current year earnings has increased by 4.2% over the last 60 days [1] - Fortis has a dividend yield of 3.6%, which is higher than the industry average of 3.1% [1] Group 2: MGIC Investment Corporation (MTG) - MGIC Investment Corporation is a mortgage insurance company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for MGIC's current year earnings has increased by 1.8% over the last 60 days [2] - MGIC has a dividend yield of nearly 2%, compared to the industry average of 1.7% [2]

Core Points - Fortis Inc. announced the voting results from its Annual Meeting of Shareholders, with shareholders approving all items of business, including the election of directors, appointment of auditors, and a non-binding advisory vote on executive compensation [1] Election of Directors - Fortis shareholders elected 12 individuals to the Board, with the following voting results: - Tracey C. Ball: 286,660,945 votes (98.65% for) - Pierre J. Blouin: 286,077,913 votes (98.45% for) - Lawrence T. Borgard: 288,721,236 votes (99.36% for) - Maura J. Clark: 286,893,509 votes (98.73% for) - Margarita K. Dilley: 288,494,681 votes (99.28% for) - Julie A. Dobson: 277,864,211 votes (95.62% for) - Lisa L. Durocher: 287,866,735 votes (99.06% for) - David G. Hutchens: 288,789,300 votes (99.38% for) - Gregory E. Knight: 289,097,301 votes (99.49% for) - Gianna M. Manes: 285,627,445 votes (98.29% for) - Don R. Marchand: 287,961,640 votes (99.10% for) - Jo Mark Zurel: 282,000,698 votes (97.04% for) [2] Appointment of Auditors - Shareholders approved the appointment of Deloitte LLP as the Corporation's auditors, with 295,397,407 votes (99.46% for) [3][4] Say on Pay - Shareholders approved the non-binding advisory vote regarding the Corporation's approach to executive compensation, with 273,716,820 votes (94.19% for) and 16,872,191 votes (5.81% against) [5][6] Company Overview - Fortis is a leader in the North American regulated electric and gas utility industry, reporting 2024 revenue of $12 billion and total assets of $75 billion as of March 31, 2025. The company serves utility customers in five Canadian provinces, ten U.S. states, and three Caribbean countries [7]

Core Insights - The author transitioned from a traditional financial career to focus on personal finance education through online platforms [1] Group 1: Background and Experience - The author has a background in finance-marketing, holding a bachelor's degree, CFP title, and an MBA in financial services [1] - The author worked in private banking for five years before deciding to pursue a different path [1] Group 2: Career Transition - In 2016, the author traveled across North America and Central America with family, which influenced the decision to leave the financial industry [1] - The author quit the traditional job in 2017 to help others with personal finance through investing websites [1]

For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Fortis (FTS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.Fortis is one of 106 individual stocks in the Utilities sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our ...

Core Viewpoint - Fortis Inc. reported a strong start to 2025, with a focus on executing capital programs and pursuing investment opportunities while maintaining a commitment to affordable energy and dividend growth of 4-6% through 2029 [2][10]. Financial Performance - The Corporation's net earnings for Q1 2025 were $499 million, or $1.00 per common share, reflecting an increase of $40 million or $0.07 per share compared to Q1 2024, driven by rate base growth and favorable exchange rates [3][9]. - Capital expenditures for the first quarter were $1.4 billion, part of a $5.2 billion annual capital plan that remains on track [9]. Regulatory Developments - The British Columbia Utilities Commission approved FortisBC's rate framework for 2025-2027, providing clarity and stability for operating expenses and capital investments [4]. Credit Ratings - Moody's confirmed Fortis' Baa3 issuer and senior unsecured debt ratings with a stable outlook in March 2025, while DBRS confirmed an A (low) rating in May 2025 [5]. Capital Plan and Growth Outlook - Fortis has a $26.0 billion five-year capital plan aimed at increasing the midyear rate base from $39.0 billion in 2024 to $53.0 billion by 2029, translating to a compound annual growth rate of 6.5% [8][10]. - The Corporation is exploring further growth opportunities, including electric transmission grid expansion and investments in renewable energy infrastructure [12]. Environmental Commitment - Fortis has reduced its direct greenhouse gas emissions by 34% from a 2019 baseline and aims for a 50% reduction by 2030 and 75% by 2035, with a long-term goal of net-zero emissions by 2050 [13].

Core Viewpoint - The market anticipates Fortis (FTS) to report flat earnings of $0.69 per share for the quarter ended March 2025, with revenues expected to increase by 2.9% to $2.38 billion compared to the previous year [3][12]. Earnings Expectations - The consensus EPS estimate has been revised 3.09% higher in the last 30 days, indicating a more optimistic outlook from analysts [4]. - Fortis has an Earnings ESP of +1.23%, suggesting a likelihood of beating the consensus EPS estimate [11][10]. Historical Performance - Fortis has consistently surpassed consensus EPS estimates, achieving this in the last four quarters [13]. - In the last reported quarter, Fortis exceeded expectations by delivering earnings of $0.59 per share against an estimate of $0.57, resulting in a surprise of +3.51% [12]. Industry Context - American Electric Power (AEP), a peer in the utility sector, is expected to report earnings of $1.39 per share, reflecting a year-over-year increase of +9.5% with revenues projected at $5.34 billion, up 6.7% [17]. - AEP's consensus EPS estimate has been revised 13.4% higher in the last 30 days, with an Earnings ESP of 0.54%, indicating a potential earnings beat [18].