Fortis Inc. announces date for annual meeting

Today, Fortis Inc (TSX:FTS)., a company that operates within the electric services industry with a market capitalization of $22.6 billion, announced its upcoming annual meeting of shareholders. The meeting is scheduled for May 8, 2025, just one day after its next earnings release on May 7, as disclosed in a recent Form 6-K filing with the U.S. Securities and Exchange Commission.

The filing, dated March 31, 2025, included a Notice of Annual Meeting and Management Information Circular, a Form of Proxy, and a Notice of Meeting and Availability of Proxy Materials. These documents are standard procedural elements for publicly traded companies, particularly for those preparing for annual shareholder meetings.

Fortis Inc ., headquartered in St. John’s, Newfoundland and Labrador, Canada, is known for providing electric utility services. The company operates under the organization name 01 Energy & Transportation and maintains a business address at Fortis (NYSE:FTS) Place, Suite 1100, 5 Springdale Street, St. John’s.

The forthcoming annual meeting will provide shareholders the opportunity to vote on corporate matters presented in the Management Information Circular and to appoint proxies for voting if shareholders are unable to attend in person.

The Form 6-K submission, a requirement for foreign private issuers under the Securities Exchange Act of 1934, ensures that Fortis Inc. maintains compliance with U.S. securities regulations. The company has indicated that it will file annual reports under the cover of Form 40-F, which is reserved for Canadian companies listed on U.S. exchanges.

The executive vice president, sustainability, and chief legal officer of Fortis Inc., James R. Reid, signed the report, affirming the company’s commitment to regulatory compliance and transparent communication with its shareholders.

Investors and stakeholders in Fortis Inc. are encouraged to review the materials provided in the SEC filing to prepare for the annual meeting. The documents outline the agenda for the meeting and provide detailed information on the matters to be discussed and voted upon.

The announcement is based on a press release statement and serves as a factual update for those following the company’s corporate governance and shareholder engagement activities. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 8 additional key tips and a detailed Pro Research Report, part of its coverage of over 1,400 top US-listed stocks. The platform’s analysis indicates that while Fortis maintains strong dividend consistency, it currently trades at a premium to its calculated Fair Value.

In other recent news, Fortis Inc. reported strong fourth-quarter earnings, surpassing analyst expectations. The company achieved adjusted earnings per share of $0.83, exceeding the analyst consensus estimate of $0.58 by $0.25. This marked a 25.8% increase from the previous year’s fourth quarter. Fortis’ net earnings for the quarter rose to $396 million, or $0.79 per share, compared to $381 million or $0.78 per share in the same period of the previous year. The growth was attributed to rate base expansion and new customer rates at some subsidiaries, including Central Hudson (NYSE:HUD). For the full year 2024, Fortis’ adjusted net earnings reached $1.6 billion, or $3.28 per share, up 6% from the prior year. Additionally, Raymond (NSE:RYMD) James recently adjusted its outlook on Fortis, increasing the company’s price target from Cdn$61.00 to Cdn$62.50, while maintaining a Market Perform rating. The firm’s analysis highlighted Fortis’ strong performance and growth potential in sustainable investment areas.

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