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Options Trading Plan–Perfect For Beginners (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Options Trading Plan–Perfect For Beginners (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Options Trading Plan–Perfect For Beginners (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Options Trading Plan–Perfect For Beginners (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Options Trading Plan–Perfect For Beginners (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Options Trading Plan–Perfect For Beginners (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Options Trading Plan–Perfect For Beginners (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Options Trading Plan–Perfect For Beginners (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Options Trading Plan–Perfect For Beginners (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Options Trading Plan–Perfect For Beginners (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
NYSE:FTS

Fortis (FTS) Stock Forecast, Price & News

$40.31
+0.01 (+0.02%)
(As of 09/22/2023 ET)
Compare
Today's Range
$39.98
$40.46
50-Day Range
$38.45
$43.64
52-Week Range
$34.76
$46.28
Volume
752,290 shs
Average Volume
646,130 shs
Market Capitalization
$19.61 billion
P/E Ratio
18.24
Dividend Yield
4.14%
Price Target
$56.58

Fortis MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
40.4% Upside
$56.58 Price Target
Short Interest
Healthy
2.32% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.20
Upright™ Environmental Score
News Sentiment
0.52mentions of Fortis in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.09%
From $2.20 to $2.29 Per Share

Overall MarketRank

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

2.62 out of 5 stars

Utilities Sector

31st out of 85 stocks

Electric Services Industry

15th out of 41 stocks


FTS stock logo

About Fortis (NYSE:FTS) Stock

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 Price History

FTS Stock News Headlines

WARNING: Seven millionaires to trigger sudden market panic?
The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.
Fortis (NYSE:FTS) PT Lowered to $37.00
Closing Bell: Fortis Inc Pref Ser M up on Wednesday (FTS-PR-M)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Fortis Announces 2024-2028 Capital Plan - Quick Facts
Fortis Inc. Establishes At-The-Market Equity Program
3 Reasons I’m Buying Fortis Stock Today
RBC Capital Reaffirms Their Hold Rating on Fortis (FTS)
2 of the Best Dividend Stocks in Canada
FTS Stock: Buy, Sell, or Hold?
See More Headlines
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FTS Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/1 Dividend
8/18/2023
Dividend Payable
9/01/2023
Today
9/24/2023
Next Earnings (Estimated)
10/27/2023
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
$56.58
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+40.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$1.07 billion
Pretax Margin
16.70%

Debt

Sales & Book Value

Annual Sales
$8.49 billion
Cash Flow
$4.68 per share
Book Value
$33.85 per share

Miscellaneous

Free Float
N/A
Market Cap
$19.61 billion
Optionable
Optionable
Beta
0.45
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Key Executives

  • Mr. David Gerard Hutchens (Age 56)
    Pres, CEO & Director
    Comp: $3.53M
  • Ms. Jocelyn H. Perry (Age 51)
    Exec. VP & CFO
    Comp: $1.34M
  • Mr. Gary J. Smith (Age 61)
    Exec. VP of Operations & Innovation
    Comp: $1.14M
  • Mr. James R. Reid
    Exec. VP of Sustainability & Chief Legal Officer
  • Mr. Stuart I. Lochray
    Sr. VP of Capital Markets & Bus. Devel.
  • Mr. Kevin D. Woodbury
    VP of Innovation & Technology
  • Mr. Ronald J. Hinsley
    Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo
    VP of Investor Relations
  • Ms. Karen M. McCarthy BPR
    M.Ed, VP of Communications and Gov. Relations
  • Ms. Tanya Nicole Finlay
    VP of People & Culture













FTS Stock - 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 year. There are currently 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?

4 analysts have issued twelve-month price objectives for Fortis' shares. Their FTS share price forecasts range from $37.00 to $62.00. On average, they predict the company's stock price to reach $56.58 in the next twelve months. This suggests a possible upside of 40.4% 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 stock has increased by 0.7% and is now trading at $40.31.
View the best growth stocks for 2023 here
.

Are investors shorting Fortis?

Fortis saw a decline in short interest in August. As of August 31st, there was short interest totaling 11,290,000 shares, a decline of 8.2% from the August 15th total of 12,300,000 shares. Based on an average trading volume of 561,200 shares, the days-to-cover ratio is presently 20.1 days.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

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

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) posted its quarterly earnings data on Wednesday, August, 2nd. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The utilities provider had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. Fortis had a trailing twelve-month return on equity of 6.68% and a net margin of 12.40%. During the same period in the prior year, the business earned $0.44 earnings per share.

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

Fortis declared a quarterly dividend on Tuesday, September 19th. Investors of record on Friday, November 17th will be given a dividend of $0.437 per share on Friday, December 1st. This represents a $1.75 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for FTS
.

Is Fortis a good dividend stock?

Fortis (NYSE:FTS) pays an annual dividend of $1.67 per share and currently has a dividend yield of 4.14%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.57%. 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 72.93% next year. This indicates that the company will be able to sustain or increase its 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 variety of retail and institutional investors. Top institutional investors include Bank of Montreal Can (5.41%), TD Asset Management Inc (2.26%), Beutel Goodman & Co Ltd. (1.93%), 1832 Asset Management L.P. (1.92%), Scotia Capital Inc. (1.52%) and Mackenzie Financial Corp (1.50%).

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 $40.31.

How much money does Fortis make?

Fortis (NYSE:FTS) has a market capitalization of $19.61 billion and generates $8.49 billion in revenue each year. The utilities provider earns $1.07 billion in net income (profit) each year or $2.21 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 9/24/2023 by MarketBeat.com Staff

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