NYSE:FTS - Fortis Stock Price, News, & Analysis

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$35.17 +0.11 (+0.31 %)
(As of 02/20/2019 04:00 PM ET)
Previous Close$35.06
Today's Range$35.03 - $35.26
52-Week Range$30.88 - $36.21
Volume631,800 shs
Average Volume321,265 shs
Market Capitalization$15.07 billion
P/E Ratio18.41
Dividend Yield3.91%
Beta0.22
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 422,000 retail customers in southeastern Arizona; and 96,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 2,834 megawatts (MW), including 64 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 64 MW; and distributes natural gas to approximately 1,008,000 customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 556,000 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 hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 266,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 80,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 44,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility. It also owns and operates transmission and distribution lines; and natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone709-737-2800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.44 billion
Cash Flow$4.0518 per share
Book Value$27.82 per share

Profitability

Net Income$986.78 million

Miscellaneous

Employees8,534
Market Cap$15.07 billion
OptionableOptionable

Fortis (NYSE:FTS) Frequently Asked Questions

What is Fortis' stock symbol?

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

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

Fortis declared a quarterly dividend on Thursday, February 14th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.343 per share on Saturday, June 1st. This represents a $1.37 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, May 16th. This is an increase from Fortis's previous quarterly dividend of $0.34. View Fortis' Dividend History.

How were Fortis' earnings last quarter?

Fortis Inc (NYSE:FTS) posted its quarterly earnings results on Friday, February, 15th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by $0.19. The utilities provider had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.50 billion. Fortis had a net margin of 13.13% and a return on equity of 6.50%. During the same period in the previous year, the business posted $0.58 earnings per share. View Fortis' Earnings History.

When is Fortis' next earnings date?

Fortis is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Fortis.

What price target have analysts set for FTS?

6 Wall Street analysts have issued 1-year price targets for Fortis' stock. Their predictions range from $53.00 to $53.00. On average, they anticipate Fortis' stock price to reach $53.00 in the next year. This suggests a possible upside of 50.7% from the stock's current price. View Analyst Price Targets for Fortis.

What is the consensus analysts' recommendation for Fortis?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortis.

Has Fortis been receiving favorable news coverage?

News stories about FTS stock have been trending neutral recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Fortis earned a news sentiment score of 0.3 on InfoTrie's scale. They also assigned media stories about the utilities provider a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term.

Who are some of Fortis' key competitors?

Who are Fortis' key executives?

Fortis' management team includes the folowing people:
  • Mr. Barry V. Perry, Pres, CEO & Director (Age 54)
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. (Age 63)
  • Ms. Nora M. Duke CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 57)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Mr. Phonse J. Delaney, Exec. VP & Chief Information Officer (Age 55)

Who are Fortis' major shareholders?

Fortis' stock is owned by many different of institutional and retail investors. Top institutional investors include 1832 Asset Management L.P. (3.04%), TD Asset Management Inc. (2.14%), Toronto Dominion Bank (1.91%), Mackenzie Financial Corp (1.67%), Legal & General Group Plc (1.28%) and GQG Partners LLC (1.07%).

Which institutional investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including Fiera Capital Corp, Intact Investment Management Inc., Cidel Asset Management Inc., Bank of Nova Scotia Trust Co., Amundi Pioneer Asset Management Inc., D. E. Shaw & Co. Inc., Diamond Hill Capital Management Inc. and Massachusetts Financial Services Co. MA.

Which institutional investors are buying Fortis stock?

FTS stock was bought by a variety of institutional investors in the last quarter, including GQG Partners LLC, Connor Clark & Lunn Investment Management Ltd., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Mackenzie Financial Corp, Great West Life Assurance Co. Can, TD Asset Management Inc., Ferguson Wellman Capital Management Inc. and Bank of Nova Scotia.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Fortis' stock price today?

One share of FTS stock can currently be purchased for approximately $35.17.

How big of a company is Fortis?

Fortis has a market capitalization of $15.07 billion and generates $6.44 billion in revenue each year. The utilities provider earns $986.78 million in net income (profit) each year or $1.91 on an earnings per share basis. Fortis employs 8,534 workers across the globe.

What is Fortis' official website?

The official website for Fortis is http://www.fortisinc.com.

How can I contact Fortis?

Fortis' mailing address is 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1B 3T2. The utilities provider can be reached via phone at 709-737-2800 or via email at [email protected]


MarketBeat Community Rating for Fortis (NYSE FTS)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  177 (Vote Outperform)
Underperform Votes:  247 (Vote Underperform)
Total Votes:  424
MarketBeat's community ratings are surveys of what our community members think about Fortis and other stocks. Vote "Outperform" if you believe FTS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FTS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/20/2019 by MarketBeat.com Staff

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