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Fortis (FTS) Stock Forecast, Price & News

$50.43
-0.35 (-0.69%)
(As of 05/25/2022 02:49 PM ET)
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Compare
Today's Range
$50.34
$50.83
50-Day Range
$47.76
$51.61
52-Week Range
$43.12
$51.66
Volume
18,253 shs
Average Volume
595,990 shs
Market Capitalization
$24.06 billion
P/E Ratio
24.48
Dividend Yield
3.32%
Beta
0.33
30 days | 90 days | 365 days | Advanced Chart
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Fortis logo

About Fortis

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.

Headlines

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$7.54 billion
Cash Flow
$4.57 per share
Book Value
$32.06 per share

Profitability

Net Income
$1.03 billion
Pretax Margin
16.75%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$24.06 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 3/1 Dividend
2/14/2022
Dividend Payable
3/01/2022
Ex-Dividend for 6/1 Dividend
5/16/2022
Today
5/25/2022
Dividend Payable
6/01/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.76 out of 5 stars

Utilities Sector

79th out of 121 stocks

Electric Services Industry

39th out of 58 stocks

Analyst Opinion: 2.0Community Rank: 3.7Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -













Fortis (NYSE:FTS) Frequently Asked Questions

Is Fortis a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 2 sell ratings, 8 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.

Are investors shorting Fortis?

Fortis saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,140,000 shares, an increase of 62.3% from the April 30th total of 5,630,000 shares. Based on an average trading volume of 633,700 shares, the short-interest ratio is currently 14.4 days.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Fortis
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) issued its earnings results on Thursday, October, 28th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.12. The utilities provider earned $1.74 billion during the quarter, compared to analysts' expectations of $2.19 billion. Fortis had a net margin of 12.90% and a trailing twelve-month return on equity of 6.56%. During the same quarter in the prior year, the company earned $0.49 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 Monday, February 14th. Investors of record on Tuesday, May 17th will be paid a dividend of $0.4227 per share on Wednesday, June 1st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Monday, May 16th.
View Fortis' dividend history
.

Is Fortis a good dividend stock?

Fortis pays an annual dividend of $1.67 per share and currently has a dividend yield of 3.32%. The dividend payout ratio of Fortis is 81.07%. 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 71.67% 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?

11 equities research analysts have issued 12 month price targets for Fortis' stock. Their forecasts range from $51.00 to $64.00. On average, they expect Fortis' share price to reach $59.73 in the next twelve months. This suggests a possible upside of 18.4% 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:
  • Mr. David Gerard Hutchens, Pres, CEO & Director (Age 55, Pay $2.88M)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO (Age 51, Pay $1.19M)
  • Mr. James R. Reid, Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 60, Pay $1.16M)
  • Mr. Gary J. Smith, Exec. VP of Operations & Innovation (Age 60)
  • 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, Exec. VP of Western Utility Operations (Age 49)
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), (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 investors include Bank of Montreal Can (4.22%), Vanguard Group Inc. (3.49%), 1832 Asset Management L.P. (2.30%), TD Asset Management Inc. (2.27%), Toronto Dominion Bank (1.83%) and GQG Partners LLC (1.82%).

Which institutional investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, 1832 Asset Management L.P., Bank of Montreal Can, Guardian Capital LP, Connor Clark & Lunn Investment Management Ltd., Beutel Goodman & Co Ltd., CIBC Asset Management Inc, and Barometer Capital Management Inc..

Which institutional investors are buying Fortis stock?

FTS stock was purchased by a variety of institutional investors in the last quarter, including GQG Partners LLC, The Manufacturers Life Insurance Company , OMERS ADMINISTRATION Corp, Caledonia Investments PLC, Vanguard Group Inc., Acadian Asset Management LLC, National Bank of Canada FI, and Swiss National Bank.

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 $50.43.

How much money does Fortis make?

Fortis has a market capitalization of $24.06 billion and generates $7.54 billion in revenue each year. The utilities provider earns $1.03 billion in net income (profit) each year or $2.059990 on an earnings per share basis.

How many employees does Fortis have?

Fortis employs 9,095 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, via email at [email protected], or via fax at 709-737-5307.

This page was last updated on 5/25/2022 by MarketBeat.com Staff

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