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Fortis Stock Price, Forecast & Analysis (NYSE:FTS)

$39.65
-0.22 (-0.55 %)
(As of 11/11/2019 04:00 PM ET)
Today's Range
$39.53
Now: $39.65
$39.96
50-Day Range
$39.81
MA: $41.68
$42.72
52-Week Range
$31.80
Now: $39.65
$42.80
Volume491,731 shs
Average Volume385,943 shs
Market Capitalization$17.38 billion
P/E Ratio20.76
Dividend Yield3.39%
Beta0.14
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 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity. Read More…

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$4.35 per share
Book Value$29.98 per share

Profitability

Net Income$899.56 million

Miscellaneous

Employees8,800
Market Cap$17.38 billion
Next Earnings Date2/21/2020 (Estimated)
OptionableOptionable

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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 announced a -- dividend on Wednesday, September 11th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.3631 per share on Sunday, December 1st. This represents a yield of 3.5%. The ex-dividend date is Monday, November 18th. View Fortis' Dividend History.

How were Fortis' earnings last quarter?

Fortis Inc (NYSE:FTS) announced its quarterly earnings results on Friday, November, 1st. The utilities provider reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. The utilities provider had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. Fortis had a return on equity of 6.75% and a net margin of 12.72%. During the same quarter last year, the business posted $0.65 earnings per share. View Fortis' Earnings History.

When is Fortis' next earnings date?

Fortis is scheduled to release their next quarterly earnings announcement on Friday, February 21st 2020. View Earnings Estimates for Fortis.

What price target have analysts set for FTS?

12 analysts have issued 1-year target prices for Fortis' stock. Their forecasts range from $53.00 to $61.00. On average, they expect Fortis' stock price to reach $56.67 in the next year. This suggests a possible upside of 42.9% from the stock's current price. View Analyst Price Targets for Fortis.

What is the consensus analysts' recommendation for Fortis?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 7 hold ratings and 4 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 articles about FTS stock have trended very negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Fortis earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news stories about the utilities provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Fortis.

Are investors shorting Fortis?

Fortis saw a decline in short interest in October. As of October 31st, there was short interest totalling 4,240,000 shares, a decline of 5.1% from the September 30th total of 4,470,000 shares. Based on an average daily trading volume, of 428,900 shares, the short-interest ratio is currently 9.9 days. Currently, 1.0% of the company's shares are short sold. View Fortis' Current Options Chain.

Who are some of Fortis' key competitors?

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), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Gran Tierra Energy (GTE), Precision Drilling (PD) and ALJ Regional (ALJJ).

Who are Fortis' key executives?

Fortis' management team includes the folowing people:
  • Mr. Barry V. Perry, Pres, CEO & Director (Age 54)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 57)
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. (Age 63)
  • Mr. David Gerard Hutchens, Exec. VP of Western Utility Operations (Age 52)

Who are Fortis' major shareholders?

Fortis' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Great West Life Assurance Co. Can (0.60%), QV Investors Inc. (0.44%), Duff & Phelps Investment Management Co. (0.39%), Russell Investments Group Ltd. (0.38%), Alberta Investment Management Corp (0.37%) and Sumitomo Mitsui Trust Holdings Inc. (0.35%).

Which major investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, QV Investors Inc., Hexavest Inc., Great West Life Assurance Co. Can, Russell Investments Group Ltd., Greystone Managed Investments Inc., Davis Rea LTD. and Commerzbank Aktiengesellschaft FI.

Which major investors are buying Fortis stock?

FTS stock was bought by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Alberta Investment Management Corp, Strs Ohio, Virginia Retirement Systems ET AL, First Trust Advisors LP, Duff & Phelps Investment Management Co., Boston Advisors LLC and Baskin Financial Services Inc..

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, Robinhood, Fidelity and Charles Schwab.

What is Fortis' stock price today?

One share of FTS stock can currently be purchased for approximately $39.65.

How big of a company is Fortis?

Fortis has a market capitalization of $17.38 billion and generates $6.44 billion in revenue each year. The utilities provider earns $899.56 million in net income (profit) each year or $1.91 on an earnings per share basis. Fortis employs 8,800 workers across the globe.View Additional Information About Fortis.

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:  215 (Vote Outperform)
Underperform Votes:  307 (Vote Underperform)
Total Votes:  522
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 11/11/2019 by MarketBeat.com Staff

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