NYSE:FTS Fortis (FTS) Stock Forecast, Price & News $40.31 +0.01 (+0.02%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$39.98▼$40.4650-Day Range$38.45▼$43.6452-Week Range$34.76▼$46.28Volume752,290 shsAverage Volume646,130 shsMarket Capitalization$19.61 billionP/E Ratio18.24Dividend Yield4.14%Price Target$56.58 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial MediaSustainability Fortis MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside40.4% Upside$56.58 Price TargetShort InterestHealthy2.32% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.20Upright™ Environmental ScoreNews Sentiment0.52Based on 20 Articles This WeekInsider TradingN/AProj. Earnings Growth4.09%From $2.20 to $2.29 Per ShareSee Full Details Hide Full Details 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 starsUtilities Sector31st out of 85 stocksElectric Services Industry15th out of 41 stocks 3.1 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.58, Fortis has a forecasted upside of 40.4% from its current price of $40.31.Amount of Analyst CoverageFortis has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.32% 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 20.1, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently decreased by 8.21%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.14%, 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 75.57%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Fortis will have a dividend payout ratio of 72.93% next year. This indicates that Fortis will be able to sustain or increase its 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 3.1 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.52. 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 news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Fortis this week, compared to 4 articles on an average week.Search Interest19 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 58% compared to the previous 30 days.MarketBeat Follows7 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 600% 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 Institutions50.18% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Fortis are expected to grow by 4.09% in the coming year, from $2.20 to $2.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 18.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 18.24, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 90.17.Price to Earnings Growth RatioFortis has a PEG Ratio of 3.66. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Fortis (NYSE:FTS) StockFortis 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.Read More FTS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTS Stock News HeadlinesSeptember 23, 2023 | americanbankingnews.comFortis (NYSE:FTS) Given "Sector Perform" Rating at Royal Bank of CanadaSeptember 23, 2023 | americanbankingnews.comFortis Inc. Expected to Earn FY2023 Earnings of $2.25 Per Share (NYSE:FTS)September 24, 2023 | Altimetry (Ad)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.September 22, 2023 | finance.yahoo.comFortis (TSE:FTS) Is Paying Out A Larger Dividend Than Last YearSeptember 22, 2023 | americanbankingnews.comFortis (NYSE:FTS) PT Lowered to $37.00September 21, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser M up on Wednesday (FTS-PR-M)September 20, 2023 | marketwatch.comFortis Inc Raises Quarterly Dividend to C$0.59 From C$0.565 >FTS.TSeptember 19, 2023 | marketwatch.comFortis Targets Investments in Grid, Renewable Energy in New C$25 Bln Capital PlanSeptember 24, 2023 | Behind the Markets (Ad)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.September 19, 2023 | markets.businessinsider.comFortis Announces 2024-2028 Capital Plan - Quick FactsSeptember 19, 2023 | finance.yahoo.comFortis Inc. Announces New $25 Billion Five Year Capital Outlook and 4.4% Increase in Fourth Quarter Dividend Marking 50 Years of Dividend IncreasesSeptember 19, 2023 | finance.yahoo.comFortis Inc. Establishes At-The-Market Equity ProgramSeptember 17, 2023 | msn.comTumultuous week for HOPE Christian Schools: serious student injury, campus merger, change in leadershipSeptember 14, 2023 | msn.comMumbai News: Liver Donation Saves Man's Life At FortisSeptember 13, 2023 | financialpost.comAdvisory: Fortis Inc. to Hold Investor Day in St. John’s, Newfoundland and Labrador on September 19September 11, 2023 | msn.com3 Reasons I’m Buying Fortis Stock TodaySeptember 11, 2023 | markets.businessinsider.comRBC Capital Reaffirms Their Hold Rating on Fortis (FTS)September 8, 2023 | bloomberg.comEx-Fortis Banker Says Bosses Pressured Him to Pursue Controversial Tax TradesSeptember 7, 2023 | msn.comSet and Forget: 2 Tremendous Stocks to Stash in a TFSA for 15 YearsSeptember 7, 2023 | theglobeandmail.comClosing Bell: Fortis Inc First Pref Ser G down on Wednesday (FTS-PR-G)September 7, 2023 | msn.com2 of the Best Dividend Stocks in CanadaSeptember 2, 2023 | theglobeandmail.comClosing Bell: Fortis Inc First Pref Ser G up on Friday (FTS-PR-G)August 31, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser J down on Wednesday (FTS-PR-J)August 29, 2023 | fool.ca4 Top Canadian Stocks for Retirement IncomeAugust 25, 2023 | msn.comFTS Stock: Buy, Sell, or Hold?August 25, 2023 | seekingalpha.comFortis' Streamlined And Multi-Utility Approach Supports Sustainable Growth, DividendsAugust 25, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser M down on Thursday (FTS-PR-M)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. Email Address FTS Company Calendar Last Earnings8/02/2023Ex-Dividend for 9/1 Dividend8/18/2023Dividend Payable9/01/2023Today9/24/2023Next Earnings (Estimated)10/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:FTS CUSIPN/A CIK1058084 Webwww.fortisinc.com Phone(709) 737-2800Fax709-737-5307Employees9,200Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.21 Trailing P/E Ratio18.24 Forward P/E Ratio18.32 P/E Growth3.66Net Income$1.07 billion Net Margins12.40% Pretax Margin16.70% Return on Equity6.68% Return on Assets2.22% Debt Debt-to-Equity Ratio1.26 Current Ratio0.79 Quick Ratio0.69 Sales & Book Value Annual Sales$8.49 billion Price / Sales2.31 Cash Flow$4.68 per share Price / Cash Flow8.61 Book Value$33.85 per share Price / Book1.19Miscellaneous Outstanding Shares486,450,000Free FloatN/AMarket Cap$19.61 billion OptionableOptionable Beta0.45 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. David Gerard Hutchens (Age 56)Pres, CEO & Director Comp: $3.53MMs. Jocelyn H. Perry (Age 51)Exec. VP & CFO Comp: $1.34MMr. Gary J. Smith (Age 61)Exec. VP of Operations & Innovation Comp: $1.14MMr. James R. ReidExec. VP of Sustainability & Chief Legal OfficerMr. Stuart I. LochraySr. VP of Capital Markets & Bus. Devel.Mr. Kevin D. WoodburyVP of Innovation & TechnologyMr. Ronald J. HinsleyChief Information Officer & VPMs. Stephanie A. AmaimoVP of Investor RelationsMs. Karen M. McCarthy BPRM.Ed, VP of Communications and Gov. RelationsMs. Tanya Nicole FinlayVP of People & CultureMore ExecutivesKey CompetitorsEntergyNYSE:ETRPPLNYSE:PPLFirstEnergyNYSE:FECenterPoint EnergyNYSE:CNPDTE EnergyNYSE:DTEView All CompetitorsInstitutional OwnershipAlberta Investment Management CorpBought 198,454 shares on 8/24/2023Ownership: 0.112%Osaic Holdings Inc.Bought 738 shares on 8/21/2023Ownership: 0.001%West Family Investments Inc.Bought 7,096 shares on 8/16/2023Ownership: 0.001%Natixis Advisors L.P.Bought 510 shares on 8/15/2023Ownership: 0.008%Citadel Advisors LLCBought 300 shares on 8/15/2023Ownership: 0.000%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fortis Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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