Management Meeting: Fortis' Success in Finding Development Opportunities Is Impressive
We are reaffirming our CAD 48 per share fair value estimate, narrow moat, and stable moat trend for Fortis after meeting with management at the Edison Electric Institute Financial Conference in San Francisco.Fortis' executives are focused on internal growth opportunities. We think this is the right approach for shareholders and applaud management for continuing to identify and execute on numerous capital growth opportunities. Management remains dedicated to transmission investments, despite a r...
Fortis is principally an international electric and gas utility holding company. Co. also holds investments in non-regulated generation assets. Co.'s business segments are: Regulated Electric & Gas Utilities - United States; Regulated Gas Utility - Canadian; Regulated Electric Utilities - Canadian; Regulated Electric Utilities - Caribbean; Non-Regulated - Fortis Generation; Non-regulated - Non-Utility; and Corporate and Other. Its regulated utilities served more than 3.0 million customers across Canada and in New York State and the Caribbean. Co. also holds investments in non-regulated generation assets in Canada and Belize, through Fortis Generation.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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