NYSE:FTS

Fortis Stock Forecast, Price & News

$45.51
+0.46 (+1.02 %)
(As of 09/22/2021 12:00 AM ET)
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Today's Range
$45.50
$45.56
50-Day Range
$44.22
$46.76
52-Week Range
$38.49
$47.02
Volume1,411 shs
Average Volume368,997 shs
Market Capitalization$21.45 billion
P/E Ratio22.31
Dividend Yield3.51%
Beta0.25
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Fortis logo

About Fortis

Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated. The Regulated Utilities segment comprises 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 & Other includes expenses and revenue items not specifically related to business operations. The comp

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MarketRank

Overall MarketRank

2.52 out of 5 stars

Utilities Sector

29th out of 122 stocks

Electric Services Industry

10th out of 54 stocks

Analyst Opinion: 4.0Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Fortis (NYSE:FTS) Frequently Asked Questions

Is Fortis a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Fortis stock. 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 analyst ratings for Fortis
or view top-rated stocks.

What stocks does MarketBeat like better than Fortis?

Wall Street analysts have given Fortis a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fortis wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Fortis?

Fortis saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 2,510,000 shares, an increase of 15.7% from the July 29th total of 2,170,000 shares. Based on an average daily trading volume, of 325,800 shares, the short-interest ratio is presently 7.7 days. Approximately 0.5% of the shares of the stock are sold short.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
View our earnings forecast for Fortis
.

How can I listen to Fortis' earnings call?

Fortis will be holding an earnings conference call on Friday, October 29th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) released its earnings results on Thursday, July, 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.48 by $0.03. The utilities provider earned $1.73 billion during the quarter, compared to analysts' expectations of $1.56 billion. Fortis had a trailing twelve-month return on equity of 6.56% and a net margin of 13.45%.
View Fortis' earnings history
.

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

Fortis' stock was trading at $38.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FTS shares have increased by 17.9% and is now trading at $45.56.
View which stocks have been most impacted by COVID-19
.

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

Fortis announced a quarterly dividend on Friday, July 30th. Investors of record on Thursday, August 19th will be paid a dividend of $0.4059 per share on Wednesday, September 1st. This represents a $1.62 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, August 18th. This is an increase from Fortis's previous quarterly dividend of $0.40.
View Fortis' dividend history
.

Is Fortis a good dividend stock?

Fortis pays an annual dividend of $1.58 per share and currently has a dividend yield of 3.51%. The dividend payout ratio of Fortis is 79.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Fortis will have a dividend payout ratio of 67.23% next year. This indicates that Fortis will be able to sustain or increase its dividend.
View Fortis' dividend history.

What price target have analysts set for FTS?

8 brokers have issued 12 month price targets for Fortis' stock. Their forecasts range from $51.00 to $61.00. On average, they expect Fortis' share price to reach $58.00 in the next year. This suggests a possible upside of 27.3% from the stock's current price.
View analysts' price targets for Fortis
or view top-rated stocks among Wall Street analysts.

Who are Fortis' key executives?

Fortis' management team includes the following people:
  • David G. Hutchens, President, Chief Executive Officer & Director
  • Jocelyn H. Perry, Chief Financial Officer & Executive Vice President
  • James P. Laurito, CTO & EVP-Business Development
  • Ron Hinsley, Chief Information Officer & Vice President
  • James R. Reid, Secretary, Chief Legal Officer & Executive VP

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), 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 shareholders include 1832 Asset Management L.P. (3.25%), Vanguard Group Inc. (3.14%), Toronto Dominion Bank (2.22%), Toronto Dominion Bank (2.00%), Mackenzie Financial Corp (1.51%) and Bank of Nova Scotia (1.47%).

Which major investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Mackenzie Financial Corp, CIBC Asset Management Inc, 1832 Asset Management L.P., Credit Suisse AG, Addenda Capital Inc., Toronto Dominion Bank, and Public Sector Pension Investment Board.

Which major investors are buying Fortis stock?

FTS stock was acquired by a variety of institutional investors in the last quarter, including QV Investors Inc., Toronto Dominion Bank, Canada Pension Plan Investment Board, Bank of Nova Scotia, Invesco Ltd., Prudential PLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Scotia Capital 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 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 $45.56.

How much money does Fortis make?

Fortis has a market capitalization of $21.47 billion and generates $6.86 billion in revenue each year. The utilities provider earns $951.04 million in net income (profit) each year or $1.98 on an earnings per share basis.

How many employees does Fortis have?

Fortis employs 8,961 workers across the globe.

What is Fortis' official website?

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

Where are Fortis' headquarters?

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 9/22/2021 by MarketBeat.com Staff
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