Fortis Pref M Preferred Stock Today
| FTS-PM Preferred Stock | CAD 20.60 0.15 0.73% |
Performance3 of 100
| Odds Of DistressLess than 26
|
Fortis Pref is trading at 20.60 as of the 11th of December 2024, a 0.73 percent up since the beginning of the trading day. The preferred stock's open price was 20.45. Fortis Pref has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. The performance scores are derived for the period starting the 11th of November 2024 and ending today, the 11th of December 2024. Click here to learn more.
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It also owns and operates transmission and distribution lines and natural gas pipelines. FORTIS INC operates under Utilities - Regulated Electric classification in Canada and is traded on Toronto Stock Exchange. The company has 426.6 M outstanding shares of which 42.42 K shares are currently shorted by private and institutional investors with about 2.33 days to cover all short positions. More on Fortis Pref M
Follow Valuation Odds of Bankruptcy
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Fortis Preferred Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fortis Pref's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortis Pref or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | David Hutchens |
| Business Concentration | Utilities, Electric Utilities, Utilities - Regulated Electric, Utilities (View all Sectors) |
Fortis Pref M (FTS-PM) is traded on Toronto Exchange in Canada and employs 9,600 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 28.75 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortis Pref's market, we take the total number of its shares issued and multiply it by Fortis Pref's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Fortis Pref M operates under Electric Utilities sector and is part of Utilities industry. The entity has 426.6 M outstanding shares of which 42.42 K shares are currently shorted by private and institutional investors with about 2.33 days to cover all short positions.
Fortis Pref M has accumulated about 191 M in cash with 3.67 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.44.
Check Fortis Pref Probability Of Bankruptcy
Ownership AllocationFortis Pref holds a total of 426.6 Million outstanding shares. Roughly 73.3 percent of Fortis Pref outstanding shares are held by general public with 26.7 % by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Fortis Pref M Risk Profiles
Although Fortis Pref's alpha and beta are two of the key measurements used to evaluate Fortis Pref's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4157 | |||
| Semi Deviation | 0.5476 | |||
| Standard Deviation | 0.5478 | |||
| Variance | 0.3 |
Fortis Stock Against Markets
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Our tools can tell you how much better you can do entering a position in Fortis Pref without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Fortis Pref Corporate Management
Elected by the shareholders, the Fortis Pref's board of directors comprises two types of representatives: Fortis Pref 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 Pref's management team and ensure that shareholders' interests are well served. Fortis Pref's 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 Pref's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Keri Glitch | Chief VP | Profile | |
| Gary Smith | Executive Innovation | Profile | |
| Stephanie Amaimo | Vice Relations | Profile | |
| Ronald Hinsley | Chief VP | Profile | |
| Regan ODea | VP Counsel | Profile |
Other Information on Investing in Fortis Preferred Stock
Fortis Pref financial ratios help investors to determine whether Fortis Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fortis with respect to the benefits of owning Fortis Pref security.