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NYSE:FTS - Fortis Stock Price, Forecast & News

$39.74
-0.07 (-0.18 %)
(As of 12/6/2019 03:46 AM ET)
Today's Range
$39.32
Now: $39.74
$39.86
50-Day Range
$39.02
MA: $40.48
$42.09
52-Week Range
$31.80
Now: $39.74
$42.80
Volume582,760 shs
Average Volume393,363 shs
Market Capitalization$17.80 billion
P/E Ratio20.81
Dividend Yield3.62%
Beta0.11
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$4.50 per share
Book Value$30.31 per share

Profitability

Net Income$899.56 million

Miscellaneous

Employees8,800
Market Cap$17.80 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 declared a -- dividend on Wednesday, September 11th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.3631 per share on Sunday, December 1st. This represents a dividend 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) released its earnings results on Friday, November, 1st. The utilities provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The utilities provider had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.59 billion. Fortis had a net margin of 12.72% and a return on equity of 6.75%. During the same period in the previous year, the firm earned $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?

13 Wall Street analysts have issued twelve-month price objectives for Fortis' shares. Their forecasts range from $53.00 to $62.00. On average, they anticipate Fortis' stock price to reach $57.29 in the next twelve months. This suggests a possible upside of 44.2% from the stock's current price. View Analyst Price Targets for Fortis.

What is the consensus analysts' recommendation for Fortis?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortis.

Has Fortis been receiving favorable news coverage?

Media headlines about FTS stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fortis earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned news stories about the utilities provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the stock's share price in the next several days. View News Stories for Fortis.

Are investors shorting Fortis?

Fortis saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 4,680,000 shares, an increase of 10.4% from the September 30th total of 4,240,000 shares. Based on an average daily trading volume, of 435,900 shares, the short-interest ratio is presently 10.7 days. Currently, 1.1% of the company's stock are sold short. 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 variety of of retail and institutional investors. Top institutional investors 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 Millennium Management LLC, CIBC Asset Management Inc, QV Investors Inc., Hexavest Inc., Great West Life Assurance Co. Can, Russell Investments Group Ltd., Greystone Managed Investments Inc. and Point72 Asset Management L.P..

Which major investors are buying Fortis stock?

FTS stock was acquired by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Alberta Investment Management Corp, Strs Ohio, Pictet Asset Management Ltd., Man Group plc, Virginia Retirement Systems ET AL, Ilmarinen Mutual Pension Insurance Co and First Trust Advisors LP.

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 $39.74.

How big of a company is Fortis?

Fortis has a market capitalization of $17.80 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:  225 (Vote Outperform)
Underperform Votes:  315 (Vote Underperform)
Total Votes:  540
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 12/6/2019 by MarketBeat.com Staff

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