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NYSE:FTS - Fortis Stock Price, Forecast & News

$44.08
-0.18 (-0.41 %)
(As of 01/29/2020 06:57 AM ET)
Today's Range
$44.00
Now: $44.08
$44.31
50-Day Range
$40.12
MA: $41.97
$44.27
52-Week Range
$34.70
Now: $44.08
$44.49
Volume670,500 shs
Average Volume278,811 shs
Market Capitalization$20.42 billion
P/E Ratio21.82
Dividend Yield3.26%
Beta0.13
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity. Read More…

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone709-737-2800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.44 billion
Cash Flow$4.41 per share
Book Value$30.31 per share

Profitability

Net Income$899.56 million

Miscellaneous

Employees8,800
Market Cap$20.42 billion
Next Earnings Date2/13/2020 (Confirmed)
OptionableOptionable

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Fortis (NYSE:FTS) Frequently Asked Questions

What is Fortis' stock symbol?

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

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

Fortis announced a quarterly dividend on Wednesday, January 22nd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.3655 per share on Sunday, March 1st. This represents a $1.46 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, February 14th. This is a boost from Fortis's previous quarterly dividend of $0.34. View Fortis' Dividend History.

How were Fortis' earnings last quarter?

Fortis Inc (NYSE:FTS) posted its earnings results on Friday, November, 1st. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. The utilities provider had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. Fortis had a net margin of 12.72% and a return on equity of 6.75%. During the same quarter in the prior year, the business earned $0.65 EPS. View Fortis' Earnings History.

When is Fortis' next earnings date?

Fortis is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Fortis.

How can I listen to Fortis' earnings call?

Fortis will be holding an earnings conference call on Thursday, February 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for FTS?

13 brokerages have issued 1 year price objectives for Fortis' stock. Their forecasts range from $53.00 to $62.00. On average, they expect Fortis' share price to reach $57.29 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price. View Analyst Price Targets for Fortis.

What is the consensus analysts' recommendation for Fortis?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortis.

Has Fortis been receiving favorable news coverage?

Press coverage about FTS stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fortis earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an impact on the stock's share price in the next several days. View News Stories for Fortis.

Are investors shorting Fortis?

Fortis saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,030,000 shares, an increase of 103.4% from the December 31st total of 1,490,000 shares. Based on an average trading volume of 421,400 shares, the short-interest ratio is currently 7.2 days. Approximately 0.7% of the company's shares are short sold. View Fortis' Current Options Chain.

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), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Allergan (AGN), Micron Technology (MU) and AutoZone (AZO).

Who are Fortis' key executives?

Fortis' management team includes the folowing people:
  • Mr. Barry V. Perry, Pres, CEO & Director (Age 54)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 57)
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. (Age 63)
  • Mr. David Gerard Hutchens, Exec. VP of Western Utility Operations (Age 52)

Who are Fortis' major shareholders?

Fortis' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Duff & Phelps Investment Management Co. (0.39%), Strs Ohio (0.10%), M&G Investment Management Ltd. (0.07%), Hennessy Advisors Inc. (0.06%), Assenagon Asset Management S.A. (0.03%) and Jones Financial Companies Lllp (0.03%).

Which major investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including Ferguson Wellman Capital Management Inc., Hennessy Advisors Inc., Davis Rea LTD., Farmers & Merchants Investments Inc., O Keefe Stevens Advisory Inc., DORCHESTER WEALTH MANAGEMENT Co, Zurcher Kantonalbank Zurich Cantonalbank and Advisor Partners LLC.

Which major investors are buying Fortis stock?

FTS stock was acquired by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., Duff & Phelps Investment Management Co., Strs Ohio, United Services Automobile Association, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Assenagon Asset Management S.A., Jones Financial Companies Lllp and Landsberg Bennett & Dubbaneh LLC.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Fortis' stock price today?

One share of FTS stock can currently be purchased for approximately $44.08.

How big of a company is Fortis?

Fortis has a market capitalization of $20.42 billion and generates $6.44 billion in revenue each year. The utilities provider earns $899.56 million in net income (profit) each year or $1.91 on an earnings per share basis. Fortis employs 8,800 workers across the globe.View Additional Information About Fortis.

What is Fortis' official website?

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

How can I contact Fortis?

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]


MarketBeat Community Rating for Fortis (NYSE FTS)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  235 (Vote Outperform)
Underperform Votes:  325 (Vote Underperform)
Total Votes:  560
MarketBeat's community ratings are surveys of what our community members think about Fortis and other stocks. Vote "Outperform" if you believe FTS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FTS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/29/2020 by MarketBeat.com Staff

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