Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utility businesses include ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Co., Michigan Electric Transmission Co., LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which includes Tucson Electric Power Co., UNS Electric, Inc. and UNS Gas, Inc., and CH Energy Group, Inc., which includes Central Hudson Gas & Electric Corporation. We show 2 historical shares outstanding datapoints in our FTS shares outstanding history coverage, used to compute FTS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FTS market cap history over the course of time is important for investors
interested in comparing FTS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FTS versus a peer is one thing; comparing
FTS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FTS can fluctuate over the course of history.
With this page we aim to empower investors researching FTS by allowing them to research the FTS market cap history. |
Free FTS Email Alerts:
Video: The Importance of Market Cap
