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NYSE:FTS

Fortis - FTS Stock Forecast, Price & News

$40.72
+1.00 (+2.52%)
(As of 03/24/2023 02:39 PM ET)
Add
Compare
Today's Range
$39.56
$40.77
50-Day Range
$38.53
$42.16
52-Week Range
$34.76
$51.66
Volume
407,165 shs
Average Volume
582,460 shs
Market Capitalization
$19.63 billion
P/E Ratio
19.12
Dividend Yield
4.15%
Price Target
$57.86

Fortis MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
42.2% Upside
$57.86 Price Target
Short Interest
Healthy
3.41% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
5.48%
From $2.19 to $2.31 Per Share

Overall MarketRank

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

2.28 out of 5 stars

Utilities Sector

47th out of 86 stocks

Electric Services Industry

24th out of 41 stocks


FTS stock logo

About Fortis (NYSE:FTS) Stock

Fortis, Inc. is an energy delivery company, which engages in the provision of energy generation and distribution. It operates through the Regulated Utilities and Non-Regulated segments. The Regulated Utilities segment is composed of ITC, which contains mainly of the electric transmission operations of the ITC regulated operating subsidiaries, UNS Energy that offers vertically integrated utility services, Central Hudson, which provides regulated electric and gas T&D utility services, FortisBC Energy distributes natural gas in British Columbia, FortisAlberta, which involves in the ownership and operation of regulated electricity distribution facilities, FortisBC Electric includes the ownership of hydroelectric generating plants, high voltage transmission lines, and a large network of distribution assets, and Other Electric that contains utilities in the eastern Canada and Caribbean. The Non-Regulated segment consists of energy Infrastructure, which is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and a gas storage facility in British Columbia, and Corporate and Other includes expenses and revenue items not specifically related to busine

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FTS Stock News Headlines

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Fortis Inc. Files 2022 Year-End Disclosure Documents
Read This Before Judging Fortis Inc.'s (TSE:FTS) ROE
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Fortis' (TSE:FTS) Dividend Will Be Increased To CA$0.565
3 TSX Stocks That Are Great Long-Term Picks
3 Reasons to Buy Fortis (TSX:FTS) Now
See More Headlines
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FTS Company Calendar

Last Earnings
2/10/2023
Ex-Dividend for 3/1 Dividend
2/14/2023
Dividend Payable
3/01/2023
Today
3/24/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
9,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$57.86
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+45.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$1.07 billion
Pretax Margin
16.33%

Debt

Sales & Book Value

Annual Sales
$8.49 billion
Cash Flow
$4.56 per share
Book Value
$33.85 per share

Miscellaneous

Free Float
N/A
Market Cap
$19.15 billion
Optionable
Optionable
Beta
0.42

Key Executives

  • David G. Hutchens
    President, Chief Executive Officer & Director
  • Gary J. Smith
    Executive Vice President-Operations & Innovation
  • Jocelyn H. Perry
    Chief Financial Officer & Executive Vice President
  • Ron Hinsley
    Chief Information Officer & Vice President
  • Kevin Woodbury
    Vice President-Innovation & Technology













FTS Stock - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 1 sell rating, 2 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 2023?

4 Wall Street research analysts have issued 12 month price objectives for Fortis' stock. Their FTS share price forecasts range from $56.00 to $63.00. On average, they predict the company's share price to reach $57.86 in the next year. This suggests a possible upside of 45.7% 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 2023?

Fortis' stock was trading at $40.04 at the start of the year. Since then, FTS stock has decreased by 0.8% and is now trading at $39.72.
View the best growth stocks for 2023 here
.

Are investors shorting Fortis?

Fortis saw a decrease in short interest in February. As of February 28th, there was short interest totaling 16,440,000 shares, a decrease of 28.2% from the February 13th total of 22,910,000 shares. Based on an average trading volume of 549,600 shares, the short-interest ratio is currently 29.9 days.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our FTS earnings forecast
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) announced its quarterly earnings results on Friday, February, 10th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.53. The utilities provider earned $2.33 billion during the quarter, compared to analysts' expectations of $2.06 billion. Fortis had a trailing twelve-month return on equity of 6.48% and a net margin of 12.20%.

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

Fortis announced a quarterly dividend on Thursday, February 9th. Shareholders of record on Wednesday, May 17th will be paid a dividend of $0.4211 per share on Thursday, June 1st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Tuesday, May 16th. This is a positive change from the stock's previous quarterly dividend of $0.42.
Read our dividend analysis for FTS
.

Is Fortis a good dividend stock?

Fortis (NYSE:FTS) pays an annual dividend of $1.69 per share and currently has a dividend yield of 4.13%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.34%. 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 73.16% 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 variety of institutional and retail investors. Top institutional shareholders include Toronto Dominion Bank (2.42%), TD Asset Management Inc (2.06%), 1832 Asset Management L.P. (1.97%), Scotia Capital Inc. (1.48%), Bank of Nova Scotia (1.18%) and Legal & General Group Plc (1.15%).

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 $39.72.

How much money does Fortis make?

Fortis (NYSE:FTS) has a market capitalization of $19.15 billion and generates $8.49 billion in revenue each year. The utilities provider earns $1.07 billion in net income (profit) each year or $2.13 on an earnings per share basis.

How many employees does Fortis have?

The company employs 9,200 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 3/24/2023 by MarketBeat.com Staff