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NYSE:FTSFortis Stock Price, Forecast & News

$40.05
+1.02 (+2.61 %)
(As of 06/4/2020 04:00 PM ET)
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Today's Range
$39.09
Now: $40.05
$40.24
50-Day Range
$35.99
MA: $37.79
$40.00
52-Week Range
$28.59
Now: $40.05
$44.72
Volume342,500 shs
Average Volume571,214 shs
Market Capitalization$18.60 billion
P/E Ratio19.07
Dividend Yield3.40%
Beta0.22
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. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 1,030,000 customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 564,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 268,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 81,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 176,000 customers in British Columbia; approximately 268,000 customers in Newfoundland and Labrador; approximately 30,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility. It also owns and operates transmission and distribution lines; and natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.40 out of 5 stars


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$6.62 billion
Cash Flow$4.07 per share
Book Value$30.08 per share

Profitability

Net Income$1.30 billion

Miscellaneous

Employees8,970
Market Cap$18.60 billion
Next Earnings Date8/7/2020 (Estimated)
OptionableOptionable

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Fortis (NYSE:FTS) Frequently Asked Questions

How has Fortis' stock been impacted by COVID-19 (Coronavirus)?

Fortis' stock was trading at $38.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FTS stock has increased by 3.6% and is now trading at $40.05. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Fortis?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Fortis.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Fortis.

How were Fortis' earnings last quarter?

Fortis Inc (NYSE:FTS) released its quarterly earnings results on Wednesday, May, 6th. The utilities provider reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.16. The utilities provider had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.76 billion. Fortis had a return on equity of 6.57% and a net margin of 13.69%. During the same quarter last year, the firm posted $0.74 earnings per share. View Fortis' earnings history.

How often does Fortis pay dividends? What is the dividend yield for Fortis?

Fortis declared a quarterly dividend on Thursday, February 13th. Shareholders of record on Friday, May 15th will be given a dividend of $0.3593 per share on Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, May 14th. View Fortis' dividend history.

What price target have analysts set for FTS?

12 brokerages have issued 1 year price objectives for Fortis' stock. Their forecasts range from $55.00 to $60.00. On average, they expect Fortis' stock price to reach $57.57 in the next year. This suggests a possible upside of 43.7% from the stock's current price. View analysts' price targets for Fortis.

Has Fortis been receiving favorable news coverage?

News articles about FTS stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fortis earned a news sentiment score of -2.7 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutFortis.

Are investors shorting Fortis?

Fortis saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,710,000 shares, a decline of 53.1% from the April 30th total of 5,780,000 shares. Based on an average trading volume of 672,200 shares, the short-interest ratio is currently 4.0 days. Approximately 0.6% of the company's shares 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), Allergan (AGN), AutoZone (AZO) and Micron Technology (MU).

Who are Fortis' key executives?

Fortis' management team includes the following 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)

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 number of institutional and retail investors. Top institutional shareholders include 1832 Asset Management L.P. (2.96%), 1832 Asset Management L.P. (2.76%), CIBC World Markets Inc. (1.70%), Legal & General Group Plc (1.53%), Morgan Stanley (1.44%) and Mackenzie Financial Corp (1.41%).

Which major investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including Zimmer Partners LP, Morgan Stanley, Toronto Dominion Bank, Intact Investment Management Inc., Guardian Capital LP, Alberta Investment Management Corp, Morgan Stanley, and CIBC World Markets Inc..

Which major investors are buying Fortis stock?

FTS stock was bought by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, 1832 Asset Management L.P., Mackenzie Financial Corp, The Manufacturers Life Insurance Company , Franklin Resources Inc., Connor Clark & Lunn Investment Management Ltd., 1832 Asset Management L.P., and AGF Investments 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 $40.05.

How big of a company is Fortis?

Fortis has a market capitalization of $18.60 billion and generates $6.62 billion in revenue each year. The utilities provider earns $1.30 billion in net income (profit) each year or $1.92 on an earnings per share basis. Fortis employs 8,970 workers across the globe.

What is Fortis' official website?

The official website for Fortis is www.fortisinc.com.

How can I contact Fortis?

Fortis' mailing address is 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4. The utilities provider can be reached via phone at 709-737-2800 or via email at [email protected]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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