Public market insider buying at Fortis (FTS)

Public market insider buying at Fortis (T:FTS)

David Gerard Hutchens, CEO and Subsidiary Executive, acquired 19,000 Common Shares on a direct ownership basis at a price of $39.100USD on November 2nd, 2022. This represents a $1,012,573 investment into the company's shares and an account share holdings change of 22.6%.

James Reid, a Senior Officer, acquired 2,200 Common Shares on a direct ownership basis at prices ranging from $52.810 to $52.890 on November 2nd, 2022. The insider also acquired 200 Common Shares on an indirect ownership basis for registered holder Jennifer Bradley Reid at prices ranging from $53.000 to $53.070 on November 2nd, 2022. This represents a $126,951 investment into the company's shares and an account share holdings change of 15.2%.

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

Fortis Inc. is a Canada-based regulated electric and gas utility holding company. The Company's regulated utility businesses includes ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which primarily includes Tucson Electric Power Company (TEP), UNS Electric, Inc. and UNS Gas, Inc.; CH Energy Group, Inc, which primarily includes Central Hudson Gas and Electric Corporation; FortisBC Energy Inc.; FortisAlberta Inc. and FortisBC Inc. The Company's Non-regulated energy infrastructure consists of Aitken Creek Gas Storage ULC (Aitken Creek) a natural gas storage facility in British Columbia, and Belize Electric Company Limited (BECOL) a three hydroelectric generation facilities with a combined capacity of 51 Megawatts in Belize. 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, two insiders have invested a total amount of $1,139,524.