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NVDA   378.34 (-5.68%)
NIO   7.53 (+1.62%)
BABA   79.58 (+1.16%)
AMD   118.21 (-5.64%)
T   15.73 (+0.58%)
F   12.00 (-4.69%)
MU   68.20 (-4.87%)
CGC   0.84 (-2.34%)
GE   101.53 (-0.86%)
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Fortis (FTS) Stock Forecast, Price & News

$42.05
+0.27 (+0.65%)
(As of 05/31/2023 ET)
Compare
Today's Range
$41.51
$42.22
50-Day Range
$39.72
$45.87
52-Week Range
$34.76
$50.46
Volume
662,003 shs
Average Volume
593,646 shs
Market Capitalization
$20.37 billion
P/E Ratio
18.94
Dividend Yield
39.93%
Price Target
$58.75

Fortis MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
39.7% Upside
$58.75 Price Target
Short Interest
Bearish
2.94% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.20
Upright™ Environmental Score
News Sentiment
0.26mentions of Fortis in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.07%
From $2.17 to $2.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Utilities Sector

47th out of 84 stocks

Electric Services Industry

24th out of 40 stocks


FTS stock logo

About Fortis (NYSE:FTS) Stock

Fortis, Inc. is a holding company, which engages in the electric and gas utility industry. It operates under the Regulated Utilities and Non-Regulated segments. The Regulated Utilities segment includes ITC Holdings (ITC), UNS Energy Corporation (UNS Energy), Central Hudson, FortisBC Energy, FortisAlberta, and FortisBC Electric. The Non-Regulated segment focuses on energy infrastructure and corporate and other. The company was founded in 1885 and is headquartered in St. John's, Canada.

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FTS Stock News Headlines

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Fortis Inc. (NYSE:FTS) Short Interest Up 23.3% in April
Fortis Inc. Releases First Quarter 2023 Results
See More Headlines
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FTS Company Calendar

Last Earnings
5/03/2023
Ex-Dividend for 6/1 Dividend
5/16/2023
Today
5/31/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
9,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$58.75
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+41.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$1.07 billion
Pretax Margin
16.74%

Debt

Sales & Book Value

Annual Sales
$8.49 billion
Cash Flow
$4.60 per share
Book Value
$32.74 per share

Miscellaneous

Free Float
N/A
Market Cap
$20.12 billion
Optionable
Optionable
Beta
0.44

Key Executives

  • David G. Hutchens
    President, Chief Executive Officer & Director
  • Gary J. Smith
    Executive Vice President-Operations & Innovation
  • Jocelyn H. Perry
    Chief Financial Officer & Executive Vice President
  • Ron Hinsley Hinsley
    Chief Information Officer & Vice President
  • Kevin D. Woodbury
    Vice President-Innovation & Technology













FTS Stock - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTS, but not buy additional shares or sell existing shares.
View FTS analyst ratings
or view top-rated stocks.

What is Fortis' stock price forecast for 2023?

5 equities research analysts have issued 12-month target prices for Fortis' stock. Their FTS share price forecasts range from $56.00 to $65.00. On average, they anticipate the company's stock price to reach $58.75 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price.
View analysts price targets for FTS
or view top-rated stocks among Wall Street analysts.

How have FTS shares performed in 2023?

Fortis' stock was trading at $40.04 at the beginning of the year. Since then, FTS shares have increased by 3.7% and is now trading at $41.53.
View the best growth stocks for 2023 here
.

Are investors shorting Fortis?

Fortis saw a increase in short interest in May. As of May 15th, there was short interest totaling 14,260,000 shares, an increase of 34.0% from the April 30th total of 10,640,000 shares. Based on an average trading volume of 604,600 shares, the days-to-cover ratio is currently 23.6 days.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our FTS earnings forecast
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) announced its quarterly earnings data on Wednesday, May, 3rd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The utilities provider had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.25 billion. Fortis had a net margin of 12.42% and a trailing twelve-month return on equity of 6.63%.

How often does Fortis pay dividends? What is the dividend yield for Fortis?

Fortis declared a quarterly dividend on Thursday, February 9th. Investors of record on Wednesday, May 17th will be given a dividend of $0.565 per share on Thursday, June 1st. This represents a $2.26 annualized dividend and a yield of 5.44%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for FTS
.

What ETFs hold Fortis' stock?

ETFs with the largest weight of Fortis (NYSE:FTS) stock in their portfolio include iShares U.S. Infrastructure ETF (IFRA).BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).

Is Fortis a good dividend stock?

Fortis (NYSE:FTS) pays an annual dividend of $16.79 per share and currently has a dividend yield of 39.77%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 756.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, FTS will have a dividend payout ratio of 736.40% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FTS.

What other stocks do shareholders of Fortis own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortis investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Micron Technology (MU), NIC (EGOV), Accenture (ACN), Workday (WDAY).

What is Fortis' stock symbol?

Fortis trades on the New York Stock Exchange (NYSE) under the ticker symbol "FTS."

Who are Fortis' major shareholders?

Fortis' stock is owned by a number of retail and institutional investors. Top institutional investors include FIL Ltd (3.18%), GQG Partners LLC (2.73%), Toronto Dominion Bank (2.28%), 1832 Asset Management L.P. (1.97%), Scotia Capital Inc. (1.51%) and Mackenzie Financial Corp (1.21%).

How do I buy shares of Fortis?

Shares of FTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fortis' stock price today?

One share of FTS stock can currently be purchased for approximately $41.53.

How much money does Fortis make?

Fortis (NYSE:FTS) has a market capitalization of $20.12 billion and generates $8.49 billion in revenue each year. The utilities provider earns $1.07 billion in net income (profit) each year or $2.22 on an earnings per share basis.

How many employees does Fortis have?

The company employs 9,200 workers across the globe.

How can I contact Fortis?

Fortis' mailing address is 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4. The official website for the company is www.fortisinc.com. The utilities provider can be reached via phone at (709) 737-2800, via email at investorrelations@fortisinc.com, or via fax at 709-737-5307.

This page (NYSE:FTS) was last updated on 5/31/2023 by MarketBeat.com Staff

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