Fortis (FTS) Stock Price, News & Analysis

Company Overview

Fortis Inc. is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience. Its utilities provide end-to-end energy delivery services such as meter and billing operations, outage management, demand-side programs, and connections for new customers. Fortis also pursues capital investments to upgrade aging infrastructure, implement smart grid technologies and integrate renewable generation where compatible with regulated frameworks.

Fortis has grown through a combination of organic investment and acquisitions of utility businesses, building a geographically diversified platform that benefits from regulated rate-setting mechanisms in the jurisdictions where it operates. The company emphasizes long-term, regulated earnings supported by infrastructure spending and seeks to balance operational reliability, customer service and regulatory compliance in its growth strategy. Its operations are subject to oversight by provincial, state and territorial regulators that govern rates and service standards.

Headquartered leadership and a board of directors provide corporate governance and strategic direction while local management teams run the regulated utilities in each jurisdiction. Fortis’s public structure as a utility holding company reflects its focus on essential energy infrastructure and predictable, regulated service delivery rather than commodity trading or merchant generation activities.

Key Stats

• Today's Range: $55.10 to $55.96
• 50-Day Range: $54.47 to $58.86
• 52-Week Range: $48.64 to $59.40
• Volume: 459,343 shs
• Average Volume: 827,981 shs
• Market Capitalization: $28.34 billion
• P/E Ratio: 22.45
• Dividend Yield: 3.41%
• Price Target: $66.33
• Consensus Rating: Hold

Fortis Stock Analysis - MarketRank™

Fortis scored higher than 77% of companies evaluated by MarketBeat, and ranked 49th out of 97 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Hold

Consensus Rating

Fortis has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on no strong buy ratings, 3 buy ratings, 6 hold ratings, and no sell ratings.

Upside Potential

Fortis has a consensus price target of $66.33, representing about 19.9% upside from its current price of $55.34.

Amount of Analyst Coverage

Fortis has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 7.42%

Earnings Growth

Earnings for Fortis are expected to grow by 7.42% in the coming year, from $2.56 to $2.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortis is 22.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortis is 22.39, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 19.92.

Price to Book Value per Share Ratio

Fortis has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.17% of the float of Fortis has been sold short.

Short Interest Ratio / Days to Cover

Fortis has a short interest ratio ("days to cover") of 16.97, which indicates bearish sentiment.

Change versus previous month

Short interest in Fortis has recently increased by 5.51%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Fortis pays a meaningful dividend of 3.36%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Fortis has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Fortis is 76.52%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Fortis will have a dividend payout ratio of 68.73% next year. This indicates that Fortis will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.86

News Sentiment

Fortis has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Fortis this week, compared to 5 articles on an average week.

Search Interest

Only 3 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Fortis insiders have not sold or bought any company stock.

Percentage Held by Institutions

57.77% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Record date for 6/1 Dividend: 5/15/2026
• Ex-Dividend for 6/1 Dividend: 5/15/2026
• Dividend Payable: 6/01/2026
• Last Earnings: 7/31/2026
• Today: 8/10/2026
• Record date for 9/1 Dividend: 8/19/2026
• Ex-Dividend for 9/1 Dividend: 8/19/2026
• Dividend Payable: 9/01/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric Utilities
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:FTS
• CIK: 1666175
• Web: www.fortisinc.com
• Phone: (709) 737-2800
• Fax: 709-737-5307
• Employees: 9,926
• Year Founded: 2006

Price Target and Rating

• Average Price Target for Fortis: $66.33
• High Price Target: $89.00
• Low Price Target: $50.00
• Potential Upside/Downside: +19.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.47
• Trailing P/E Ratio: 22.46
• Forward P/E Ratio: 21.67
• P/E Growth: N/A
• Net Income: $1.29 billion
• Net Margins: 14.17%
• Pretax Margin: 19.08%
• Return on Equity: 7.16%
• Return on Assets: 2.34%

Debt

• Debt-to-Equity Ratio: 1.27
• Current Ratio: 0.56
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: $8.71 billion
• Price / Sales: 3.25
• Cash Flow: $5.35 per share
• Price / Cash Flow: 10.37
• Book Value: $34.20 per share
• Price / Book: 1.62

Miscellaneous

• Outstanding Shares: 510,860,000
• Free Float: N/A
• Market Cap: $28.34 billion
• Optionable: Optionable
• Beta: 0.43