Gary Smith - Fortis President
| FTS Stock | CAD 60.69 0.56 0.93% |
President
Mr. Gary J. Smith is Executive Vice President Eastern Canadian and Caribbean Operations of the Company. Mr. Smith served as President and Chief Executive Officer at Newfoundland Power from 2014 to June 2017 and Vice President, Customer Operations and Engineering at Newfoundland Power from 2008 to 2014. since 2017.
| Age | 63 |
| Tenure | 8 years |
| Phone | 709 737 2800 |
| Web | https://www.fortisinc.com |
Gary Smith Latest Insider Activity
Tracking and analyzing the buying and selling activities of Gary Smith against Fortis stock is an integral part of due diligence when investing in Fortis. Gary Smith insider activity provides valuable insight into whether Fortis is net buyers or sellers over its current business cycle. Note, Fortis insiders must abide by specific rules, including filing SEC forms every time they buy or sell Fortis'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Gary Smith over six months ago Disposition of 3048 shares by Gary Smith of Ciena Corp at 46.96 subject to Rule 16b-3 | ||
Gary Smith over six months ago Disposition of 4166 shares by Gary Smith of Ciena Corp at 44.7976 subject to Rule 16b-3 | ||
Gary Smith over six months ago Disposition of 4166 shares by Gary Smith of Ciena Corp at 49.8386 subject to Rule 16b-3 | ||
Gary Smith over six months ago Disposition of 4166 shares by Gary Smith of Ciena Corp at 56.8623 subject to Rule 16b-3 |
Fortis Management Efficiency
The company has return on total asset (ROA) of 0.0301 % which means that it generated a profit of $0.0301 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0754 %, meaning that it generated $0.0754 on every $100 dollars invested by stockholders. Fortis' management efficiency ratios could be used to measure how well Fortis manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | 0.0754 | |||
| Return On Asset | 0.0301 |
Fortis Inc Leadership Team
Elected by the shareholders, the Fortis' board of directors comprises two types of representatives: Fortis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortis. The board's role is to monitor Fortis' management team and ensure that shareholders' interests are well served. Fortis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortis' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gary Smith, Executive Vice President - Eastern Canadian and Caribbean Operations | ||
| Julie Dobson, Independent Director | ||
| Jocelyn Perry, Chief Financial Officer, Executive Vice President | ||
| James Laurito, Executive Vice President - Business Development, Chief Technology Officer | ||
| Eddinton JP, CEO Caicos | ||
| Keri Glitch, Chief VP | ||
| Ronald Hinsley, Chief Information Officer, Vice President | ||
| Lawrence Borgard, Independent Director | ||
| David Hutchens, Chief Operating Officer, Executive Vice President - Western Utility Operations, Fortis | ||
| Karen Gosse, Vice President - Planning and Forecasting | ||
| Susan Gray, Executive Operations | ||
| Jamie Roberts, Vice President, Controller | ||
| Barry Perry, President, Chief Executive Officer, Director | ||
| Joseph Welch, Non - Independent Director | ||
| Jo Zurel, Independent Director | ||
| Karen Mccarthy, Vice President - Communications and Corporate Affairs | ||
| Jocelyn CPA, Executive CFO | ||
| Margarita Dilley, Independent Director | ||
| Douglas Haughey, Independent Non-Executive Chairman of the Board | ||
| Maura Clark, Independent Director | ||
| Stephanie Amaimo, Vice President - Investor Relations | ||
| Pierre Blouin, Independent Director | ||
| Regan ODea, Vice President, General Counsel - Corporate | ||
| Kevin Woodbury, Vice Technology | ||
| James Reid, Executive Vice President Chief Legal Officer and Corporate Secretary | ||
| Tanya Finlay, Vice Culture | ||
| Stuart Lochray, Executive Development | ||
| Paul Bonavia, Independent Director | ||
| Nora Duke, Executive Vice President - Corporate Services and Chief Human Resource Officer | ||
| Tracey Ball, Independent Director | ||
| MEd BPR, Vice Relations |
Fortis Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fortis a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0754 | |||
| Return On Asset | 0.0301 | |||
| Profit Margin | 0.14 % | |||
| Operating Margin | 0.30 % | |||
| Current Valuation | 63.05 B | |||
| Shares Outstanding | 499.3 M | |||
| Shares Owned By Institutions | 57.49 % | |||
| Number Of Shares Shorted | 8.04 M | |||
| Price To Earning | 20.80 X | |||
| Price To Book | 1.45 X |
Pair Trading with Fortis
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortis will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortis Stock
Moving against Fortis Stock
The ability to find closely correlated positions to Fortis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortis Inc to buy it.
The correlation of Fortis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortis Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.