Barry Perry - Fortis President, Chief Executive Officer, Director
| FTS Stock | CAD 62.68 0.20 0.32% |
CEO
Mr. Barry V. Perry is President, Chief Executive Officer, Director of Fortis Inc. Prior to his current position at Fortis, Mr. Perry served as President from June 30, 2014 to December 31, 2014 and prior to that served as Vice President, Finance and Chief Financial Officer since 2004. Mr. Perry joined the Fortis organization in 2000 as Vice President, Finance and Chief Financial Officer of Newfoundland Power. He graduated from Memorial University with a Bachelor of Commerce and is a member of the Association of Chartered Professional Accountants of Newfoundland and Labrador since 2015.
| Age | 54 |
| Tenure | 9 years |
| Address | Fortis Place, Saint John's, NF, Canada, A1E 0E4 |
| Phone | 709 737 2800 |
| Web | https://www.fortisinc.com |
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. As of the 28th of November 2024, Return On Tangible Assets is likely to grow to 0.03. Also, Return On Capital Employed is likely to grow to 0.08. At this time, Fortis' Return On Tangible Assets are very stable compared to the past year. As of the 28th of November 2024, Debt To Assets is likely to grow to 0.53, while Intangible Assets are likely to drop about 945 M.Similar Executives
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| Ian Robertson | Algonquin Power Utilities | 60 | |
| Russell Girling | TC Energy Corp | 56 | |
| Darren Entwistle | Telus Corp | 56 | |
| Jeffrey Puritt | Telus Corp | N/A | |
| Albert Monaco | Enbridge | 59 | |
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 | ||
| 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, Senior 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 | 63.94 B | ||||
| Shares Outstanding | 497.3 M | ||||
| Shares Owned By Insiders | 0.04 % | ||||
| Shares Owned By Institutions | 57.53 % | ||||
| Number Of Shares Shorted | 8.25 M | ||||
| Price To Earning | 20.80 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 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.