Fortis 1st Cum Preferred Stock Today

FTS-PF Preferred Stock  CAD 21.00  0.02  0.1%   

Performance

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Odds Of Distress

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Fortis 1St is trading at 21.00 as of the 29th of November 2024, a 0.1 percent decrease since the beginning of the trading day. The preferred stock's open price was 21.02. Fortis 1St has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Fortis 1St Cum are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2024 and ending today, the 29th of November 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 6.86 K shares are currently shorted by private and institutional investors with about 2.38 days to cover all short positions. More on Fortis 1St Cum

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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 1St's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortis 1St or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business ConcentrationUtilities - Regulated Electric, Utilities (View all Sectors)
Fortis 1St Cum (FTS-PF) is traded on Toronto Exchange in Canada and employs 9,242 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 21 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortis 1St's market, we take the total number of its shares issued and multiply it by Fortis 1St'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 1St Cum operates under Utilities sector and is part of Utilities - Regulated Electric industry. The entity has 426.6 M outstanding shares of which 6.86 K shares are currently shorted by private and institutional investors with about 2.38 days to cover all short positions. Fortis 1St Cum has accumulated about 191 M in cash with 3.07 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.44.
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Ownership Allocation
Fortis 1St holds a total of 426.6 Million outstanding shares. Roughly 91.36 percent of Fortis 1St outstanding shares are held by general public with 8.64 % 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 1St Cum Risk Profiles

Although Fortis 1St's alpha and beta are two of the key measurements used to evaluate Fortis 1St's performance over the market, the standard measures of volatility play an important role as well.

Fortis Stock Against Markets

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Fortis 1St Corporate Management

Elected by the shareholders, the Fortis 1St's board of directors comprises two types of representatives: Fortis 1St 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 1St's management team and ensure that shareholders' interests are well served. Fortis 1St'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 1St's outside directors are responsible for providing unbiased perspectives on the board's policies.

Other Information on Investing in Fortis Preferred Stock

Fortis 1St 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 1St security.