Public market insider buying at Fortis (FTS)

Public market insider buying at Fortis (T:FTS)

James Reid, a Senior Officer, acquired 1,000 Common Shares on a direct ownership basis at a price of $48.572 on March 16th, 2020. The insider also acquired 1,400 Common Shares on an indirect ownership basis for registered holder Jennifer Bradley Reid at a price of $48.556 on March 18th, 2020. This represents a $116,551 investment into the company's shares and an account share holdings change of 40.2%.

Fortis is in the Electric Utilities Sub Industry Group under the Utilities Sector.

Fortis Inc. is a Canada-based electric and gas utility holding company. Its segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp., UNS Energy Corporation and Central Hudson Gas & Electric Corporation; Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc., FortisBC Energy Inc., FortisBC Inc. and Newfoundland Power Inc.; Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility. It serves utility customers in five Canadian provinces, nine states in United States and three Caribbean.