Fortis Inc. (NYSE:FTS) Annual Meeting Highlights and Financial Performance

Fortis Inc. (TSX:FTS, NYSE:FTS) is a prominent player in the North American regulated electric and gas utility sector. The company recently held its Annual Meeting of Shareholders, where all proposed business items received approval. Shareholders elected 12 directors to the Board, appointed Deloitte LLP as auditors, and supported the company's executive compensation approach through a "Say on Pay" vote.

Fortis reported $12 billion in revenue for 2024 and held total assets of $75 billion as of March 31, 2025. The company operates with 9,800 employees across five Canadian provinces, ten U.S. states, and three Caribbean countries. This extensive reach underscores Fortis's significant presence in the utility industry.

On May 6, 2025, Desjardins initiated coverage on Fortis with a "Hold" rating, as highlighted by TheFly. At the time, the stock price was $49.04. This rating suggests that Desjardins sees Fortis as a stable investment, neither strongly recommending buying nor selling the stock.

The stock for Fortis, traded on the NYSE, reached a high of $48.43 today. This performance aligns with Desjardins' "Hold" rating, indicating that the stock is maintaining a consistent value. Fortis's reputation as a "consistent performer" further supports this assessment.