NYSE:FTS Fortis (FTS) Stock Price, News & Analysis $41.01 +0.30 (+0.74%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$40.81▼$41.0950-Day Range$38.42▼$41.0152-Week Range$36.30▼$43.40Volume329,766 shsAverage Volume740,565 shsMarket Capitalization$20.31 billionP/E Ratio17.68Dividend Yield4.17%Price Target$55.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSustainabilityTrends Get Fortis alerts: Email Address Fortis MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside34.4% Upside$55.13 Price TargetShort InterestBearish2.13% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.20Upright™ Environmental ScoreNews Sentiment0.59Based on 16 Articles This WeekInsider TradingN/AProj. Earnings Growth3.00%From $2.33 to $2.40 Per ShareSee Full Details Hide Full Details 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.4.50 out of 5 starsUtilities Sector19th out of 90 stocksElectric Services Industry11th out of 43 stocks 3.0 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageFortis has received no research coverage in the past 90 days.Read more about Fortis' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted2.13% of the outstanding shares of Fortis have been sold short.Short Interest Ratio / Days to CoverFortis has a short interest ratio ("days to cover") of 16.9, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently increased by 4.45%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.19%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFortis does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Fortis is 73.71%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Fortis will have a dividend payout ratio of 71.25% next year. This indicates that Fortis will be able to sustain or increase its dividend.Read more about Fortis' dividend. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFortis has received a 47.26% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Main electricity grid operation services for electricity produced by waste", "Local electricity grid operation services for electricity produced by waste", "Main electricity grid operation services for electricity produced by renewable energy sources", and "Local electricty grid operation services for electricty produced by renewable energy sources" products. See details.Environmental SustainabilityThe Environmental Impact score for Fortis is -3.20. Previous Next 3.7 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Fortis this week, compared to 5 articles on an average week.Search Interest8 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.MarketBeat Follows4 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Fortis insiders have not sold or bought any company stock.Percentage Held by Institutions57.77% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Fortis' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Fortis are expected to grow by 3.00% in the coming year, from $2.33 to $2.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 17.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 17.68, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 92.55.Price to Earnings Growth RatioFortis has a PEG Ratio of 2.92. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Fortis' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyKiss of death from Joe BidenI did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but they do not care.I have uncovered a bombshell that changes everything… and threatens everything. 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 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 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 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four 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 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 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 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.Read More FTS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTS Stock News HeadlinesJuly 26 at 7:31 PM | investing.comFortis Inc Pref K (FTS_pk)July 26 at 7:31 PM | msn.comThese Stocks Are Safe and Steady: They’re Also on SaleJuly 26, 2024 | Paradigm Press (Ad)Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.July 26 at 7:31 PM | marketwatch.comFortis Inc. stock rises Friday, still underperforms marketJuly 24 at 11:26 AM | tmcnet.comFortis Acquires MerchantE's NetSuite Division, Continuing a 20-Year LegacyJuly 24 at 5:09 AM | americanbankingnews.comFortis (FTS) Scheduled to Post Quarterly Earnings on WednesdayJuly 23 at 4:35 PM | globenewswire.comAdvisory: Fortis Inc. to Hold Teleconference on July 31 to Discuss Second Quarter 2024 ResultsJuly 22, 2024 | marketwatch.comFortis Inc. stock rises Monday, still underperforms marketJuly 26, 2024 | Paradigm Press (Ad)Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.July 22, 2024 | 247wallst.com5 Overlooked Dividend Kings to Buy Hand-Over-Fist NowJuly 22, 2024 | 247wallst.com5 Overlooked Dividend Kings to Buy Hand-Over-Fist NowJuly 20, 2024 | americanbankingnews.comFortis (NYSE:FTS) Lifted to Hold at StockNews.comJuly 18, 2024 | investorplace.com3 Top Dividend Kings to Buy to Unleash Steady IncomeJuly 2, 2024 | globenewswire.comFortis Inc. to Hold Teleconference on July 31 to Discuss Second Quarter 2024 ResultsJune 28, 2024 | investorplace.com3 Cheap Stocks Under $50 to Buy Aggressively NowJune 5, 2024 | seekingalpha.comFortis: A Look At The Valuation On This Dividend AristocratMay 28, 2024 | msn.comFortis lines up Rs 1,300 crore capex to expand existing hospitalsMay 27, 2024 | msn.comPassive Income: How Much to Invest to Get $5,000 Each YearSee 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. Email Address Company Calendar Last Earnings5/01/2024Ex-Dividend for 6/1 Dividend5/16/2024Dividend Payable6/01/2024Today7/26/2024Next Earnings (Confirmed)7/31/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Electric services Sub-IndustryN/A Current SymbolNYSE:FTS CUSIPN/A CIK1058084 Webwww.fortisinc.com Phone(709) 737-2800Fax709-737-5307Employees9,600Year FoundedN/APrice Target and Rating Average Stock Price Target$55.13 High Stock Price Target$62.00 Low Stock Price Target$37.00 Potential Upside/Downside+34.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.32 Trailing P/E Ratio17.68 Forward P/E Ratio17.60 P/E Growth2.92Net Income$1.17 billion Net Margins13.66% Pretax Margin18.55% Return on Equity7.02% Return on Assets2.33% Debt Debt-to-Equity Ratio1.24 Current Ratio0.60 Quick Ratio0.52 Sales & Book Value Annual Sales$8.53 billion Price / Sales2.38 Cash Flow$4.96 per share Price / Cash Flow8.27 Book Value$32.78 per share Price / Book1.25Miscellaneous Outstanding Shares495,190,000Free FloatN/AMarket Cap$20.31 billion OptionableOptionable Beta0.45 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. David Gerard Hutchens (Age 57)President, CEO & Director Comp: $4.43MMs. Jocelyn H. Perry (Age 53)Executive VP & CFO Comp: $1.56MMr. Gary J. Smith (Age 62)Executive Vice President of Operations & Innovation Comp: $1.36MMr. James R. ReidExecutive VP of Sustainability & Chief Legal OfficerMr. Stuart R. Lochray (Age 51)Senior Vice President of Capital Markets & Business Development Comp: $900.78kMr. Kevin D. WoodburyVice President of Innovation & TechnologyMs. Keri L. GlitchChief Information Officer & VPMs. Stephanie A. AmaimoVice President of Investor RelationsMs. Karen M. McCarthy BPRM.Ed, Vice President of Communications and Government RelationsMs. Tanya Nicole FinlayVice President of People & CultureMore ExecutivesKey CompetitorsConstellation EnergyNASDAQ:CEGAmerican Electric PowerNASDAQ:AEPDominion EnergyNYSE:DEdison InternationalNYSE:EIXVistraNYSE:VSTView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpSold 18,564 shares on 7/26/2024Ownership: 0.104%Gold Investment Management Ltd.Sold 11,242 shares on 7/26/2024Ownership: 0.014%K.J. Harrison & Partners IncBought 1,600 shares on 7/26/2024Ownership: 0.005%Davis Rea LTD.Sold 16,660 shares on 7/26/2024Ownership: 0.002%Addison Capital CoBought 419 shares on 7/25/2024Ownership: 0.008%View All Institutional Transactions Should I Buy Fortis Stock? FTS Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Fortis Inc.: Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries, providing a stable and essential service to customers. Recent developments show that Fortis Inc. has been expanding its customer base, which can lead to increased revenue and growth opportunities. With a focus on renewable energy and sustainability, Fortis Inc. is well-positioned to benefit from the growing demand for clean energy solutions. Fortis Inc. has a strong track record of dividend payments, making it an attractive option for income-seeking investors. The current stock price of Fortis Inc. is favorable, offering potential for capital appreciation in the future. Cons Investors should be bearish about investing in Fortis Inc. for these reasons: While Fortis Inc. operates in multiple regions, it also faces regulatory challenges and potential changes in government policies that could impact its operations. As a utility company, Fortis Inc. is subject to market fluctuations and economic conditions, which can affect its financial performance. Competition in the utility sector is intense, and Fortis Inc. may face challenges in maintaining its market share and profitability. Investing in Fortis Inc. may not offer significant short-term gains, as the utility sector is known for its stability rather than high growth potential. While the current stock price is favorable, investors should consider the overall market conditions and industry trends before making investment decisions. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Fortis pros and cons to contact@marketbeat.com. FTS Stock Analysis - Frequently Asked Questions How have FTS shares performed this year? Fortis' stock was trading at $41.13 on January 1st, 2024. Since then, FTS stock has decreased by 0.3% and is now trading at $41.01. View the best growth stocks for 2024 here. How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) announced its quarterly earnings results on Wednesday, May, 1st. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. The utilities provider earned $2.31 billion during the quarter, compared to analysts' expectations of $2.43 billion. Fortis had a trailing twelve-month return on equity of 7.02% and a net margin of 13.66%. Who are Fortis' major shareholders? Top institutional investors of Fortis include QV Investors Inc. (0.21%), Cidel Asset Management Inc. (0.16%), Bank of New York Mellon Corp (0.10%) and Baillie Gifford & Co. (0.05%). 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. What other stocks do shareholders of Fortis own? Based on aggregate information from My MarketBeat watchlists, some other companies that Fortis investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Micron Technology (MU) and NIC (EGOV). This page (NYSE:FTS) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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