NYSE:FTS - Fortis Stock Price, Forecast & News

Fortis trades on the New York Stock Exchange (NYSE) under the ticker symbol "FTS."

Fortis declared a quarterly dividend on Thursday, February 13th. Investors 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 dividend yield of 3.25%. The ex-dividend date is Thursday, May 14th. View Fortis' Dividend History.

Fortis Inc (NYSE:FTS) issued its earnings results on Thursday, February, 13th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.16. The utilities provider earned $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. Fortis had a net margin of 13.61% and a return on equity of 6.85%. During the same period last year, the company posted $0.56 EPS. View Fortis' Earnings History.

Fortis is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Fortis.

11 brokers have issued 12 month price targets for Fortis' shares. Their forecasts range from $55.00 to $64.00. On average, they anticipate Fortis' stock price to reach $58.50 in the next twelve months. This suggests a possible upside of 32.3% from the stock's current price. View Analyst Price Targets for Fortis.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortis.

News headlines about FTS stock have trended very negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public 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 -3.3 on InfoTrie's scale. They also assigned news coverage about the utilities provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Fortis.

Fortis saw a increase in short interest in January. As of January 31st, there was short interest totalling 3,400,000 shares, an increase of 12.2% from the January 15th total of 3,030,000 shares. Based on an average trading volume of 415,900 shares, the days-to-cover ratio is presently 8.2 days. Approximately 0.8% of the company's stock are sold short. View Fortis' Current Options Chain.

Some companies that are related to Fortis include Dominion Energy (D), Southern (SO), American Electric Power (AEP), Eversource Energy (ES), FirstEnergy (FE), Edison International (EIX), PPL (PPL), CLP (CLPHY), Entergy (ETR), DTE Energy (DTE), SSE PLC/S (SSEZY), EDP-Energias de Portugal, S.A (EDPFY), Tenaga Nasional Bhd (TNABY), Avangrid (AGR) and Korea Electric Power (KEP).

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), Micron Technology (MU) and AutoZone (AZO).

Fortis' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (2.59%), FIL Ltd (2.57%), 1832 Asset Management L.P. (2.54%), Toronto Dominion Bank (1.96%), CIBC World Markets Inc. (1.87%) and Caisse DE Depot ET Placement DU Quebec (1.01%).

FTS stock was sold by a variety of institutional investors in the last quarter, including GQG Partners LLC, FIL Ltd, Russell Investments Group Ltd., QV Investors Inc., Acadian Asset Management LLC, Alberta Investment Management Corp, Ferguson Wellman Capital Management Inc. and Guardian Capital LP.

FTS stock was bought by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Intact Investment Management Inc., Highstreet Asset Management Inc., Connor Clark & Lunn Investment Management Ltd., Value Partner Investments Inc., Renaissance Technologies LLC, Bank of America Corp DE and Cidel Asset Management Inc..

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.

One share of FTS stock can currently be purchased for approximately $44.22.

Fortis has a market capitalization of $20.49 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 8,800 workers across the globe.View Additional Information About Fortis.

The official website for Fortis is http://www.fortisinc.com/.

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]