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Sell every Stock except ONE (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Sell every Stock except ONE (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sell every Stock except ONE (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Sell every Stock except ONE (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sell every Stock except ONE (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Sell every Stock except ONE (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Sell every Stock except ONE (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi oil company Aramco's half-year profits reach close to $88 billion after posting a 90% surge in second quarter
Sell every Stock except ONE (Ad)

Fortis - FTS Stock Forecast, Price & News

$47.21
+0.40 (+0.85%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$46.98
$47.29
50-Day Range
$44.50
$49.73
52-Week Range
$43.12
$51.66
Volume
558,990 shs
Average Volume
561,442 shs
Market Capitalization
$22.60 billion
P/E Ratio
22.70
Dividend Yield
3.53%
Price Target
$60.10

Fortis MarketRank™ Forecast

Analyst Rating
Hold
1.82 Rating Score
Upside/​Downside
27.3% Upside
$60.10 Price Target
Short Interest
Healthy
1.63% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.14
Upright™ Environmental Score
News Sentiment
-0.09mentions of Fortis in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.01%
From $2.14 to $2.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Utilities Sector

21st out of 88 stocks

Electric Services Industry

9th out of 43 stocks

FTS stock logo

About Fortis (NYSE:FTS) Stock

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FTS shares. Edward Jones lowered Fortis from a "buy" rating to a "hold" rating in a research report on Wednesday, July 27th. Scotiabank upped their price objective on Fortis from C$61.00 to C$63.00 in a report on Tuesday, April 19th. National Bank Financial upped their price objective on Fortis from C$59.00 to C$60.00 in a report on Friday, May 6th. Wells Fargo & Company lowered Fortis from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 1st. Finally, UBS Group lowered Fortis from a "neutral" rating to a "sell" rating and set a $56.00 price objective for the company. in a report on Thursday, June 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Fortis has a consensus rating of "Hold" and an average price target of $60.10.

Fortis Trading Up 0.9 %

Shares of NYSE:FTS opened at $47.21 on Friday. Fortis has a 12 month low of $43.12 and a 12 month high of $51.66. The company has a market cap of $22.60 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 4.06 and a beta of 0.33. The company has a quick ratio of 0.53, a current ratio of 0.64 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $46.85 and a 200-day simple moving average of $47.84.

Fortis Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 19th will be issued a dividend of $0.4149 per share. This represents a $1.66 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, August 18th. Fortis's dividend payout ratio is 80.29%.

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FTS Stock News Headlines

Fortis: Q2 Earnings Snapshot - Greenwich Time
Edward Jones Downgrades Fortis (NYSE:FTS) to Hold
Fortis (FTS) Scheduled to Post Earnings on Thursday
Short Interest in Fortis Inc. (NYSE:FTS) Grows By 24.8%
See More Headlines
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FTS Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 6/1 Dividend
5/16/2022
Dividend Payable
6/01/2022
Today
8/14/2022
Ex-Dividend for 9/1 Dividend
8/18/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
9,095
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$60.10
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+27.3%
Consensus Rating
Hold
Rating Score (0-4)
1.82
Research Coverage
11 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
16.55%

Debt

Sales & Book Value

Annual Sales
$7.54 billion
Cash Flow
$4.48 per share
Book Value
$33.11 per share

Miscellaneous

Free Float
N/A
Market Cap
$22.60 billion
Optionable
Optionable
Beta
0.33

Key Executives

  • Mr. David Gerard Hutchens (Age 55)
    Pres, CEO & Director
    Comp: $2.79M
  • Ms. Jocelyn H. Perry (Age 51)
    Exec. VP & CFO
    Comp: $1.15M
  • Mr. James R. Reid
    EVP of Sustainability, Chief Legal Officer & Corp. Sec.
  • Mr. Gary J. Smith (Age 60)
    Exec. VP of Operations & Innovation
  • Mr. Ronald J. Hinsley
    Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo
    VP of Investor Relations
  • Ms. Karen M. McCarthy BPR
    M.Ed, VP of Communications & Corp. Affairs
  • Mr. Regan P. O'Dea
    VP & Gen. Counsel
  • Ms. Susan M. Gray (Age 49)
    Exec. VP of Western Utility Operations
  • Mr. Stuart I. Lochray
    Sr. VP of Capital Markets & Bus. Devel.













FTS Stock - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 2022?

11 analysts have issued 12-month price targets for Fortis' shares. Their FTS share price forecasts range from $56.00 to $64.00. On average, they anticipate the company's share price to reach $60.10 in the next twelve months. This suggests a possible upside of 27.3% 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 2022?

Fortis' stock was trading at $48.27 at the beginning of the year. Since then, FTS shares have decreased by 2.2% and is now trading at $47.21.
View the best growth stocks for 2022 here
.

Are investors shorting Fortis?

Fortis saw a decrease in short interest in July. As of July 31st, there was short interest totaling 7,780,000 shares, a decrease of 9.5% from the July 15th total of 8,600,000 shares. Based on an average daily volume of 706,300 shares, the short-interest ratio is currently 11.0 days.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our FTS earnings forecast
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) posted its quarterly earnings data on Thursday, October, 28th. The utilities provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.12. The utilities provider had revenue of $1.74 billion for the quarter, compared to analyst estimates of $2.19 billion. Fortis had a trailing twelve-month return on equity of 6.53% and a net margin of 12.77%. During the same period in the prior year, the firm posted $0.49 earnings per share.

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

Fortis announced a quarterly dividend on Friday, July 29th. Stockholders of record on Friday, August 19th will be given a dividend of $0.4149 per share on Thursday, September 1st. This represents a $1.66 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for FTS
.

Is Fortis a good dividend stock?

Fortis (NYSE:FTS) pays an annual dividend of $1.67 per share and currently has a dividend yield of 3.56%. The dividend payout ratio is 80.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FTS will have a dividend payout ratio of 72.93% next year. This indicates that the company will be able to sustain or increase its 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), Honeywell International (HON) and 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 a number of retail and institutional investors. Top institutional investors include Bank of Montreal Can (4.27%), TD Asset Management Inc. (2.28%), Toronto Dominion Bank (2.22%), Bank of Nova Scotia (1.83%), Scotia Capital Inc. (1.33%) and Mackenzie Financial Corp (1.19%).

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 $47.21.

How much money does Fortis make?

Fortis (NYSE:FTS) has a market capitalization of $22.60 billion and generates $7.54 billion in revenue each year. The utilities provider earns $1.03 billion in net income (profit) each year or $2.08 on an earnings per share basis.

How many employees does Fortis have?

The company employs 9,095 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 8/14/2022 by MarketBeat.com Staff

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