BlackRock, Inc. Increases Stake in Fortis Inc. to 6.7%

On April 24, 2026, BlackRock, Inc. filed a Schedule 13G/A (Amendment No. 2) reporting a significant increase in its stake in Fortis Inc. (FTS). As of the event date on March 31, 2026, BlackRock beneficially owns 34,213,560 shares of common stock, representing 6.7% of the company. This marks a substantial increase from the previously reported position of 1,414,678 shares. The filing indicates that BlackRock holds sole voting power over 32,649,338 shares and sole dispositive power over the full 34,213,560 shares. The securities were acquired in the ordinary course of business, without the intent to influence or change the control of the issuer. Various business units and subsidiaries of BlackRock, Inc. are listed as the beneficial owners, with no single person's interest exceeding 5% of the total outstanding shares. This filing underscores BlackRock's expanded institutional commitment to the Canadian-based utility company.