Public market insider buying at Fortis (FTS)

Public market insider buying at Fortis (T:FTS)

David Gerard Hutchens, CEO and Subsidiary Executive, acquired 20,000 Common Shares on a direct ownership basis at a price of $40.310USD on February 19th, 2021. This represents a $1,016,941 investment into the company's shares and an account share holdings change of 31.3%.

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. Fortis Inc. (FTS) has below median officer and director direct ownership compared to its large-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $1,016,941.