S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NYSE:FTS

Fortis (FTS) Stock Price, News & Analysis

$39.91
+0.08 (+0.20%)
(As of 02/22/2024 ET)
Today's Range
$39.37
$39.94
50-Day Range
$38.49
$42.00
52-Week Range
$36.30
$46.28
Volume
1.23 million shs
Average Volume
1.07 million shs
Market Capitalization
$19.58 billion
P/E Ratio
17.35
Dividend Yield
4.38%
Price Target
$55.13

Fortis MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
38.1% Upside
$55.13 Price Target
Short Interest
Bearish
1.74% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.20
Upright™ Environmental Score
News Sentiment
1.37mentions of Fortis in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.27%
From $2.37 to $2.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.58 out of 5 stars

Utilities Sector

19th out of 89 stocks

Electric Services Industry

8th out of 39 stocks


FTS stock logo

About Fortis Stock (NYSE:FTS)

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 443,000 retail customers in southeastern Arizona; and 102,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,328 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind 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 1,076,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 584,000 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 90 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 274,000 customers in Newfoundland and Labrador; approximately 33,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It 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 90,200 circuit Kilometers (km) of distribution lines; and approximately 51,200 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

FTS Stock Price History

FTS Stock News Headlines

Tech insider: "Watch your mailbox"
You could soon get a strange package from the Federal Government. It's part of the biggest overhaul to our money in decades. And it could change your life (and retirement) in ways that'll surprise you.
Fortis Inc. (NYSE:FTS) Q4 2023 Earnings Call Transcript
Fortis Profit Rises in 4Q
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Fortis Inc. Files 2023 Year-End Disclosure Documents
Fortis Inc. Announces Second Quarter Dividends – 2024
Fortis's Earnings Outlook
Fortis Q4 2023 Earnings Preview
4 Secrets of RRSP Millionaires
Fortis (FTS) Q4 Earnings Preview: What's in the Cards?
Fortis (FTS) Receives a Hold from RBC Capital
See More Headlines
Receive FTS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 12/1 Dividend
11/16/2023
Dividend Payable
12/01/2023
Last Earnings
2/09/2024
Ex-Dividend for 3/1 Dividend
2/15/2024
Today
2/23/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
Employees
9,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$55.13
High Stock Price Target
$62.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+38.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$1.17 billion
Pretax Margin
17.97%

Debt

Sales & Book Value

Annual Sales
$11.52 billion
Cash Flow
$4.98 per share
Book Value
$32.78 per share

Miscellaneous

Free Float
N/A
Market Cap
$19.58 billion
Optionable
Optionable
Beta
0.44
Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Key Executives

  • Mr. David Gerard Hutchens (Age 57)
    President, CEO & Director
    Comp: $3.57M
  • Ms. Jocelyn H. Perry (Age 52)
    Executive VP & CFO
    Comp: $1.35M
  • Mr. Gary J. Smith (Age 62)
    Executive Vice President of Operations & Innovation
    Comp: $1.15M
  • Mr. James R. Reid
    Executive VP of Sustainability & Chief Legal Officer
  • Mr. Stuart I. Lochray
    Senior Vice President of Capital Markets & Business Development
  • Mr. Kevin D. Woodbury
    Vice President of Innovation & Technology
  • Mr. Ronald J. Hinsley
    Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo
    Vice President of Investor Relations
  • Ms. Karen M. McCarthy BPR
    M.Ed, Vice President of Communications and Government Relations
  • Ms. Tanya Nicole Finlay
    Vice President of People & Culture

Should I Buy Fortis Stock? FTS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Fortis was last updated on Tuesday, February 20, 2024 at 2:25 PM.

Pros

Here are some ways that investors could benefit from investing in Fortis Inc.:

  • Fortis Inc. has a consistent dividend payment history, providing investors with a reliable income stream.
  • Recent quarterly earnings results exceeded analysts' expectations, indicating strong financial performance.
  • Fortis Inc. has a low debt-to-equity ratio of 1.27, showcasing a healthy financial structure.
  • Despite recent institutional selling, Fortis Inc. stock price has remained relatively stable, offering potential value at current levels.
  • Fortis Inc. has a diverse institutional investor base, indicating confidence in the company's long-term prospects.

Cons

Investors should be bearish about investing in Fortis Inc. for these reasons:

  • Some Wall Street analysts have downgraded Fortis Inc.'s stock rating, potentially signaling concerns about future performance.
  • Fortis Inc.'s current ratio of 0.67 and quick ratio of 0.62 may indicate potential liquidity challenges.
  • Fortis Inc.'s stock has a beta of 0.44, suggesting lower volatility compared to the market, which may limit potential returns.
  • Fortis Inc.'s P/E ratio of 17.07 and PEG ratio of 2.94 may indicate the stock is currently overvalued.
  • Despite recent positive earnings, Fortis Inc. faces regulatory risks in the utilities sector that could impact future profitability.














FTS Stock Analysis - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 1 sell rating, 2 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 target for 2024?

4 analysts have issued 1 year price targets for Fortis' shares. Their FTS share price targets range from $37.00 to $62.00. On average, they expect the company's stock price to reach $55.13 in the next twelve months. This suggests a possible upside of 38.1% 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 2024?

Fortis' stock was trading at $41.13 at the start of the year. Since then, FTS stock has decreased by 3.0% and is now trading at $39.91.
View the best growth stocks for 2024 here
.

Are investors shorting Fortis?

Fortis saw a decline in short interest in January. As of January 15th, there was short interest totaling 8,540,000 shares, a decline of 11.4% from the December 31st total of 9,640,000 shares. Based on an average daily volume of 747,100 shares, the short-interest ratio is currently 11.4 days.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our FTS earnings forecast
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) posted its earnings results on Friday, February, 9th. The utilities provider reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The utilities provider had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.39 billion. Fortis had a net margin of 13.22% and a trailing twelve-month return on equity of 7.00%. During the same period last year, the business earned $0.53 EPS.

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

Fortis announced a quarterly dividend on Monday, February 12th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.4382 per share on Saturday, June 1st. This represents a $1.75 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for FTS
.

Is Fortis a good dividend stock?

Fortis (NYSE:FTS) pays an annual dividend of $1.75 per share and currently has a dividend yield of 4.41%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.09%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FTS will have a dividend payout ratio of 72.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTS.

What ETF holds Fortis' stock ?

Cizzle Biotechnology holds 791 shares of FTS stock, representing 0.08% of its portfolio.

What other stocks do shareholders of Fortis own?

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

Who are Fortis' major shareholders?

Fortis' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.04%), FIL Ltd (3.97%), TD Asset Management Inc (2.73%), Beutel Goodman & Co Ltd. (1.94%), 1832 Asset Management L.P. (1.84%) and Mackenzie Financial Corp (1.65%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FTS) was last updated on 2/23/2024 by MarketBeat.com Staff