
Fortis Inc. (TSE:FTS - Free Report) - Equities researchers at Desjardins lifted their FY2025 earnings per share estimates for shares of Fortis in a note issued to investors on Tuesday, August 5th. Desjardins analyst B. Stadler now anticipates that the company will earn $3.47 per share for the year, up from their prior forecast of $3.41. Desjardins currently has a "Moderate Buy" rating and a $76.00 price target on the stock. The consensus estimate for Fortis' current full-year earnings is $3.34 per share. Desjardins also issued estimates for Fortis' FY2026 earnings at $3.65 EPS and FY2027 earnings at $3.92 EPS.
FTS has been the subject of several other reports. TD Securities raised their target price on shares of Fortis from C$74.00 to C$77.00 and gave the company a "buy" rating in a report on Tuesday. Cibc World Mkts upgraded Fortis from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 21st. Raymond James Financial increased their target price on Fortis from C$69.00 to C$72.00 and gave the company an "outperform" rating in a report on Tuesday. Scotiabank raised their price target on Fortis from C$66.00 to C$70.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Finally, CIBC upped their price objective on Fortis from C$68.00 to C$69.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Fortis has an average rating of "Hold" and an average target price of C$68.82.
Read Our Latest Analysis on FTS
Fortis Price Performance
FTS stock traded up C$0.07 during midday trading on Wednesday, hitting C$69.91. 1,124,435 shares of the stock were exchanged, compared to its average volume of 1,647,581. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74. The stock has a market cap of C$34.59 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 3.01 and a beta of 0.23. Fortis has a fifty-two week low of C$57.98 and a fifty-two week high of C$70.96. The stock's 50-day moving average price is C$65.67 and its 200-day moving average price is C$64.93.
Fortis Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Monday, September 1st will be paid a $0.615 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $2.46 annualized dividend and a dividend yield of 3.5%. Fortis's payout ratio is 73.02%.
Fortis Company Profile
(
Get Free Report)
Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S.
Read More

Before you consider Fortis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortis wasn't on the list.
While Fortis currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.