Lowest-Rated StocksLowest-RatedNYSE:FTS Fortis (FTS) Stock Forecast, Price & News $42.21 +0.06 (+0.14%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$41.81▼$42.2250-Day Range$39.72▼$45.8752-Week Range$34.76▼$50.46Volume755,300 shsAverage Volume591,742 shsMarket Capitalization$20.45 billionP/E Ratio19.01Dividend Yield39.75%Price Target$58.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial MediaSustainability Fortis MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside39.2% Upside$58.75 Price TargetShort InterestBearish2.94% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-3.20Upright™ Environmental ScoreNews Sentiment0.40Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth5.07%From $2.17 to $2.28 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.2.24 out of 5 starsUtilities Sector48th out of 87 stocksElectric Services Industry25th out of 42 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, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $58.75, Fortis has a forecasted upside of 39.2% from its current price of $42.21.Amount of Analyst CoverageFortis has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted2.94% 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 23.6, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently increased by 34.02%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 39.83%, 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 755.86%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Fortis will have a dividend payout ratio of 735.96% in the coming year. This indicates that Fortis may not be able to sustain their current 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 2.4 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.40. 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 6 news articles for Fortis this week, compared to 4 articles on an average week.Search InterestOnly 30 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.MarketBeat Follows4 people have added Fortis to their MarketBeat watchlist in the last 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 Institutions49.59% 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 5.07% in the coming year, from $2.17 to $2.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 19.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.91.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 19.01, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.81.Price to Earnings Growth RatioFortis has a PEG Ratio of 3.49. 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. Previous Next See Top Rated MarketRank™ Stocks Here About Fortis (NYSE:FTS) StockFortis, Inc. is a holding company, which engages in the electric and gas utility industry. It operates under the Regulated Utilities and Non-Regulated segments. The Regulated Utilities segment includes ITC Holdings (ITC), UNS Energy Corporation (UNS Energy), Central Hudson, FortisBC Energy, FortisAlberta, and FortisBC Electric. The Non-Regulated segment focuses on energy infrastructure and corporate and other. The company was founded in 1885 and is headquartered in St. John's, Canada.Read More 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 Stock News HeadlinesMay 25, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser I down on Wednesday (FTS-PR-I)May 25, 2023 | msn.com3 Stocks to Buy Today and Hold for the Next 5 YearsMay 29, 2023 | Behind the Markets (Ad)Why Your IRA Could Crash on June 16thChina will attack Taiwan as soon as June 16th, 2023. The stock market will crash at least 35% when China makes their move.May 24, 2023 | msn.com3 Low Volatility Stocks for Smoother SailingMay 21, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Fortis (NYSE:FTS)May 20, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser H up on Friday (FTS-PR-H)May 19, 2023 | bizjournals.comSmall Business Awards Winner: Fortis Law PartnersMay 17, 2023 | finance.yahoo.comFortis Inc. (TSE:FTS) is a favorite amongst institutional investors who own 56%May 29, 2023 | Behind the Markets (Ad)Why Your IRA Could Crash on June 16thChina will attack Taiwan as soon as June 16th, 2023. The stock market will crash at least 35% when China makes their move.May 17, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Shares Series F down on Tuesday (FTS-PR-F)May 16, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Shares Series F up on Monday (FTS-PR-F)May 16, 2023 | americanbankingnews.comFortis Inc. (NYSE:FTS) Receives $58.75 Average Target Price from AnalystsMay 15, 2023 | americanbankingnews.comFortis Inc. (NYSE:FTS) Plans Dividend Increase - $0.42 Per ShareMay 13, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser I flat on Thursday (FTS-PR-I)May 13, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser J down on Friday (FTS-PR-J)May 13, 2023 | americanbankingnews.comFortis Inc. (NYSE:FTS) Short Interest Up 23.3% in AprilMay 11, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Shares Series F up on Wednesday (FTS-PR-F)May 10, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser I down on Friday (FTS-PR-I)May 10, 2023 | marketwatch.comFortis Inc. stock rises Wednesday, outperforms marketMay 10, 2023 | americanbankingnews.comNational Bank Financial Comments on Fortis Inc.'s FY2023 Earnings (NYSE:FTS)May 9, 2023 | americanbankingnews.comRaymond James Analysts Cut Earnings Estimates for Fortis Inc. (NYSE:FTS)May 3, 2023 | finance.yahoo.comShould You Be Worried About Fortis Inc.'s (TSE:FTS) 6.6% Return On Equity?May 3, 2023 | finance.yahoo.comFortis Inc. Releases First Quarter 2023 ResultsMay 2, 2023 | finance.yahoo.comThis 6.7%-Yielding Dividend Stock Continues Adding Fuel to Grow the PayoutMay 1, 2023 | finance.yahoo.comEnbridge Inks Pact With Fortis To Acquire Aitken Creek Natural Gas Storage For C$400MMay 1, 2023 | americanbankingnews.comSpine Injury Solutions (OTCMKTS:SPIN) versus Fortis (NYSE:FTS) Head to Head ReviewMay 1, 2023 | americanbankingnews.comFortis (FTS) Scheduled to Post Quarterly Earnings on WednesdaySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Ex-Dividend for 3/1 Dividend2/14/2023Dividend Payable3/01/2023Last Earnings5/03/2023Ex-Dividend for 6/1 Dividend5/16/2023Today5/29/2023Dividend Payable6/01/2023Next Earnings (Estimated)7/27/2023Fiscal 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$58.75 High Stock Price Forecast$65.00 Low Stock Price Forecast$56.00 Forecasted Upside/Downside+39.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.22 Trailing P/E Ratio19.01 Forward P/E Ratio19.45 P/E Growth3.49Net Income$1.07 billion Net Margins12.42% Pretax Margin16.74% Return on Equity6.63% Return on Assets2.21% Debt Debt-to-Equity Ratio1.25 Current Ratio0.68 Quick Ratio0.58 Sales & Book Value Annual Sales$8.49 billion Price / Sales2.41 Cash Flow$4.68 per share Price / Cash Flow9.02 Book Value$33.85 per share Price / Book1.25Miscellaneous Outstanding Shares484,460,000Free FloatN/AMarket Cap$20.45 billion OptionableOptionable Beta0.44 Key ExecutivesDavid G. HutchensPresident, Chief Executive Officer & DirectorGary J. SmithExecutive Vice President-Operations & InnovationJocelyn H. PerryChief Financial Officer & Executive Vice PresidentRon Hinsley HinsleyChief Information Officer & Vice PresidentKevin D. WoodburyVice President-Innovation & TechnologyKey CompetitorsEntergyNYSE:ETRFirstEnergyNYSE:FEPPLNYSE:PPLDTE EnergyNYSE:DTECenterPoint EnergyNYSE:CNPView All CompetitorsInstitutional OwnershipProShare Advisors LLCBought 62,219 shares on 5/26/2023Ownership: 0.013%JPMorgan Chase & Co.Bought 3,332 shares on 5/18/2023Ownership: 0.546%Harvest Portfolios Group Inc.Bought 145,433 shares on 5/18/2023Ownership: 0.030%Mercer Global Advisors Inc. ADVBought 2,148 shares on 5/16/2023Ownership: 0.002%Quilter PlcBought 450 shares on 5/16/2023Ownership: 0.000%View All Institutional Transactions FTS Stock - Frequently Asked Questions Should I buy or sell Fortis stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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? 5 brokers have issued 1-year target prices for Fortis' stock. Their FTS share price forecasts range from $56.00 to $65.00. On average, they predict the company's stock price to reach $58.75 in the next twelve months. This suggests a possible upside of 39.2% 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 on January 1st, 2023. Since then, FTS shares have increased by 5.4% and is now trading at $42.21. View the best growth stocks for 2023 here. Are investors shorting Fortis? Fortis saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 14,260,000 shares, an increase of 34.0% from the April 30th total of 10,640,000 shares. Based on an average trading volume of 604,600 shares, the short-interest ratio is presently 23.6 days. View Fortis' Short Interest. When is Fortis' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our FTS earnings forecast. How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) issued its quarterly earnings data on Wednesday, May, 3rd. The utilities provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The utilities provider earned $2.45 billion during the quarter, compared to analysts' expectations of $2.25 billion. Fortis had a net margin of 12.42% and a trailing twelve-month return on equity of 6.63%. How often does Fortis pay dividends? What is the dividend yield for Fortis? Fortis announced a quarterly dividend on Thursday, February 9th. Shareholders of record on Wednesday, May 17th will be given a dividend of $0.565 per share on Thursday, June 1st. This represents a $2.26 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Tuesday, May 16th. Read our dividend analysis for FTS. What ETFs hold Fortis' stock? ETFs with the largest weight of Fortis (NYSE:FTS) stock in their portfolio include iShares U.S. Infrastructure ETF (IFRA).BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD). Is Fortis a good dividend stock? Fortis (NYSE:FTS) pays an annual dividend of $16.79 per share and currently has a dividend yield of 39.77%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 756.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, FTS will have a dividend payout ratio of 736.40% in the coming year. This indicates that the company may not be able to sustain their current 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 many different institutional and retail investors. Top institutional shareholders include FIL Ltd (3.18%), GQG Partners LLC (2.73%), Toronto Dominion Bank (2.28%), 1832 Asset Management L.P. (1.97%), Scotia Capital Inc. (1.51%) and Mackenzie Financial Corp (1.21%). 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 $42.21. How much money does Fortis make? Fortis (NYSE:FTS) has a market capitalization of $20.45 billion and generates $8.49 billion in revenue each year. The utilities provider earns $1.07 billion in net income (profit) each year or $2.22 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 5/29/2023 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. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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