Fortis (FTS) Stock Price, News & Analysis

Company Overview

Fortis Inc. is a North American utility holding company incorporated in 1987 and headquartered in St. John’s, Newfoundland and Labrador. The company has grown through a series of strategic acquisitions and organic investments, establishing itself as a leading provider of regulated electric and gas utility services. Over the years, Fortis has expanded its footprint beyond Canada to include operations in the United States and the Caribbean, positioning itself as a diversified, rate-regulated utility with a long-term focus on stable, predictable cash flows.

Fortis operates a portfolio of wholly owned regulated utilities serving residential, commercial and industrial customers. In Canada, its utility subsidiaries include Newfoundland Power and Maritime Electric, which deliver electricity to customers in Newfoundland and Prince Edward Island, respectively. In the United States, Fortis owns regulated electric and gas utilities in states such as Arizona and New York, providing a mix of distribution and transmission services. The company’s Caribbean operations extend to jurisdictions including Belize and the British Virgin Islands, where it supplies electricity under long-term regulatory frameworks.

Through its regulated structure, Fortis engages in the construction, operation and maintenance of critical infrastructure assets, including generation facilities, transmission lines and distribution networks. The company places a strong emphasis on capital investment programs aimed at system modernization, renewable generation integration and improved grid resilience. Fortis also maintains a commitment to environmental stewardship by pursuing energy efficiency initiatives and exploring low-carbon technologies to support customer needs and regional sustainability goals.

Key Stats

• Today's Range: $51.28 to $51.75
• 50-Day Range: $48.85 to $51.70
• 52-Week Range: $40.32 to $51.75
• Volume: 452,267 shs
• Average Volume: 665,478 shs
• Market Capitalization: $26.13 billion
• P/E Ratio: 21.28
• Dividend Yield: 3.44%
• Price Target: $72.00
• Consensus Rating: Moderate Buy

Fortis Stock Analysis - MarketRank™

Fortis scored higher than 89% of companies evaluated by MarketBeat, and ranked 12th out of 96 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Fortis has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 5 buy ratings, 6 hold ratings, and no sell ratings.

Upside Potential

Fortis has a consensus price target of $72.00, representing about 39.3% upside from its current price of $51.70.

Amount of Analyst Coverage

Fortis has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.11%

Earnings Growth

Earnings for Fortis are expected to grow by 5.11% in the coming year, from $2.35 to $2.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortis is 21.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 225.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortis is 21.28, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 58.16.

Price to Earnings Growth Ratio

Fortis has a PEG Ratio of 4.01. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Fortis has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.55% of the outstanding shares of Fortis have been sold short.

Short Interest Ratio / Days to Cover

Fortis has a short interest ratio ("days to cover") of 13.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Fortis has recently increased by 2.88%, indicating that investor sentiment is decreasing.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Fortis pays a meaningful dividend of 3.45%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Fortis has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Fortis is 73.25%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Fortis will have a dividend payout ratio of 72.06% next year. This indicates that Fortis will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -3.20

Percentage of Shares Shorted

1.55% of the outstanding shares of Fortis have been sold short.

Short Interest Ratio / Days to Cover

Fortis has a short interest ratio ("days to cover") of 13.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Fortis has recently increased by 2.88%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.56

News Sentiment

Fortis has a news sentiment score of 0.56. 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 lower news sentiment than the 0.66 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Fortis this week, compared to 11 articles on an average week.

Search Interest

Only 22 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Fortis insiders have not sold or bought any company stock.

Percentage Held by Institutions

57.77% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FTS Stock Analysis - Frequently Asked Questions

How have FTS shares performed this year?

Fortis' stock was trading at $41.57 at the beginning of the year. Since then, FTS shares have increased by 24.4% and is now trading at $51.70.

How were Fortis' earnings last quarter?

Fortis (NYSE:FTS) posted its quarterly earnings data on Friday, August, 1st. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The utilities provider earned $2.03 billion during the quarter, compared to analysts' expectations of $1.91 billion. Fortis had a trailing twelve-month return on equity of 7.24% and a net margin of 14.48%.
Read the conference call transcript.

Who are Fortis' major shareholders?

Fortis' top institutional investors include Addenda Capital Inc. (0.04%), Value Partners Investments Inc. (0.02%), Farmers & Merchants Investments Inc. (0.02%) and Louisbourg Investments Inc. (0.02%).

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.

What other stocks do shareholders of Fortis own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortis investors own include Waste Connections (WCN), American Water Works (AWK), AUO (AUOTY), DiamondRock Hospitality (DRH), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/01/2025
• Record date for 9/1 Dividend: 8/19/2025
• Ex-Dividend for 9/1 Dividend: 8/19/2025
• Dividend Payable: 9/01/2025
• Today: 10/18/2025
• Next Earnings (Estimated): 11/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: UTIL - ELEC PWR
• Sub-Industry: Utilities
• Current Symbol: NYSE:FTS
• CIK: 1666175
• Web: www.fortisinc.com
• Phone: (709) 737-2800
• Fax: 709-737-5307
• Employees: 9,848
• Year Founded: 2006

Price Target and Rating

• Average Price Target for Fortis: $72.00
• High Price Target: $72.00
• Low Price Target: $72.00
• Potential Upside/Downside: +39.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.58
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.43
• Trailing P/E Ratio: 21.28
• Forward P/E Ratio: 22.00
• P/E Growth: 4.01
• Net Income: $1.23 billion
• Net Margins: 14.48%
• Pretax Margin: 19.48%
• Return on Equity: 7.24%
• Return on Assets: 2.38%

Debt

• Debt-to-Equity Ratio: 1.30
• Current Ratio: 0.58
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: $8.40 billion
• Price / Sales: 3.11
• Cash Flow: $5.22 per share
• Price / Cash Flow: 9.90
• Book Value: $35.42 per share
• Price / Book: 1.46

Miscellaneous

• Outstanding Shares: 505,450,000
• Free Float: N/A
• Market Cap: $26.13 billion
• Optionable: Optionable
• Beta: 0.50