Fortis Inc. (TSE:FTS) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Fortis holds a “Moderate Buy” consensus rating among 10 analysts, split evenly between buy and hold recommendations, with an average 12-month price target of C$79.23.
• Recent analyst targets have been mixed: Desjardins raised its target to C$85, while Barclays and CIBC lowered theirs to C$76 and C$78, respectively.
• Fortis reported quarterly EPS of C$0.78 on C$2.93 billion in revenue and pays a quarterly dividend of $0.64 per share, equivalent to a 3.2% yield and a 74.56% payout ratio.

Shares of Fortis Inc. (TSE:FTS - Get Free Report) have received an average rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$79.23.

FTS has been the topic of a number of recent analyst reports. Desjardins increased their price target on shares of Fortis from C$81.00 to C$85.00 and gave the company a "buy" rating in a report on Monday, July 20th. Barclays reduced their price target on shares of Fortis from C$82.00 to C$76.00 and set an "overweight" rating for the company in a research report on Wednesday, September 30th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Fortis from C$82.00 to C$78.00 in a report on Tuesday, September 22nd.

Fortis Stock Performance

Shares of FTS stock opened at C$81.13 on Monday. The company has a market capitalization of C$41.45 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.34. The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.36 and a current ratio of 0.56. Fortis has a one year low of C$69.06 and a one year high of C$83.75. The company's 50-day moving average is C$76.46 and its 200 day moving average is C$78.12.

Fortis (TSE:FTS - Get Free Report) last issued its earnings results on Friday, July 31st. The company reported C$0.78 earnings per share (EPS) for the quarter. The business had revenue of C$2.93 billion during the quarter. Fortis had a net margin of 14.72% and a return on equity of 7.43%. Sell-side analysts expect that Fortis will post 3.34 EPS for the current fiscal year.

Fortis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Fortis's dividend payout ratio (DPR) is currently 74.56%.

About Fortis

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation's 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.

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