NYSE:FTS

Fortis Stock Forecast, Price & News

$46.43
-0.16 (-0.34 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$46.34
$46.58
50-Day Range
$43.57
$46.59
52-Week Range
$36.63
$46.75
Volume224,613 shs
Average Volume395,842 shs
Market Capitalization$21.79 billion
P/E Ratio22.99
Dividend Yield3.31%
Beta0.25
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Fortis logo

About Fortis

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 433,000 retail customers in southeastern Arizona; and 98,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,233 megawatts (MW), including 59 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,048,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 572,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 67,000 customers in Ontario; approximately 270,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

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MarketRank

Overall MarketRank

1.92 out of 5 stars

Utilities Sector

57th out of 276 stocks

Electric Services Industry

25th out of 79 stocks

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
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Fortis (NYSE:FTS) Frequently Asked Questions

Is Fortis a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Fortis stock. 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 analyst ratings for Fortis
or view top-rated stocks.

What stocks does MarketBeat like better than Fortis?

Wall Street analysts have given Fortis a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fortis wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Fortis?

Fortis saw a decrease in short interest during the month of May. As of May 28th, there was short interest totaling 1,830,000 shares, a decrease of 14.1% from the May 13th total of 2,130,000 shares. Based on an average trading volume of 363,300 shares, the short-interest ratio is currently 5.0 days. Approximately 0.4% of the company's stock are sold short.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Fortis
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) released its earnings results on Wednesday, May, 5th. The utilities provider reported $0.77 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.17. Fortis had a net margin of 13.79% and a trailing twelve-month return on equity of 6.54%. During the same quarter in the prior year, the business earned $0.68 EPS.
View Fortis' earnings history
.

How has Fortis' stock price been impacted by Coronavirus?

Fortis' stock was trading at $38.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FTS shares have increased by 20.1% and is now trading at $46.43.
View which stocks have been most impacted by COVID-19
.

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

Fortis announced a quarterly dividend on Friday, February 12th. Shareholders of record on Monday, May 17th will be paid a dividend of $0.3962 per share on Tuesday, June 1st. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Friday, May 14th. This is an increase from Fortis's previous quarterly dividend of $0.38.
View Fortis' dividend history
.

Is Fortis a good dividend stock?

Fortis pays an annual dividend of $1.54 per share and currently has a dividend yield of 3.31%. Fortis does not yet have a strong track record of dividend growth. The dividend payout ratio of Fortis is 77.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Fortis will have a dividend payout ratio of 64.44% next year. This indicates that Fortis will be able to sustain or increase its dividend.
View Fortis' dividend history.

What price target have analysts set for FTS?

5 brokerages have issued 1-year target prices for Fortis' stock. Their forecasts range from $57.00 to $61.00. On average, they expect Fortis' share price to reach $58.75 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price.
View analysts' price targets for Fortis
or view top-rated stocks among Wall Street analysts.

Who are Fortis' key executives?

Fortis' management team includes the following people:
  • Mr. David Gerard Hutchens, Pres, CEO & Director (Age 54, Pay $1.99M)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. & CTO (Age 65, Pay $1.78M)
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 59, Pay $1.2M)
  • Mr. Ronald J. Hinsley, Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo, VP of Investor Relations
  • Mr. James R. Reid, Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Karen M. McCarthy BPR, M.Ed, VP of Communications & Corp. Affairs
  • Mr. Regan P. O'Dea, VP & Corp. Gen. Counsel
  • Mr. Gary J. Smith, Exec. VP of Eastern Canadian & Caribbean Operations (Age 59)

Who are some of Fortis' key competitors?

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), Honeywell International (HON) and 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 many different institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (4.43%), FIL Ltd (2.78%), TD Asset Management Inc. (2.35%), Toronto Dominion Bank (2.12%), CIBC World Markets Inc. (1.44%) and Bank of Nova Scotia (1.39%).

Which major investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Toronto Dominion Bank, Montrusco Bolton Investments Inc., The Manufacturers Life Insurance Company, Renaissance Technologies LLC, Bank of Nova Scotia, and TD Asset Management Inc..

Which major investors are buying Fortis stock?

FTS stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, CIBC Asset Management Inc, Bank of Montreal Can, Scotia Capital Inc., BlackRock Inc., Credit Suisse AG, Healthcare of Ontario Pension Plan Trust Fund, and Russell Investments Group Ltd..

How do I buy shares of Fortis?

Shares of FTS 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 $46.43.

How much money does Fortis make?

Fortis has a market capitalization of $21.79 billion and generates $6.86 billion in revenue each year. The utilities provider earns $951.04 million in net income (profit) each year or $1.98 on an earnings per share basis.

How many employees does Fortis have?

Fortis employs 8,961 workers across the globe.

What is Fortis' official website?

The official website for Fortis is www.fortisinc.com.

Where are Fortis' headquarters?

Fortis is headquartered at 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4.

How can I contact Fortis?

Fortis' mailing address is 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4. The utilities provider can be reached via phone at 709-737-2800 or via email at [email protected]


This page was last updated on 6/12/2021 by MarketBeat.com Staff
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