Lowest-Rated Stocks NYSE:FTS Fortis - FTS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fortis Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $42.53 -0.14 (-0.33%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$42.32▼$42.9750-Day Range$38.53▼$42.6752-Week Range$34.76▼$51.66Volume567,453 shsAverage Volume607,124 shsMarket Capitalization$20.51 billionP/E Ratio19.97Dividend Yield3.97%Price Target$58.75 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial MediaSustainability Fortis MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside38.1% Upside$58.75 Price TargetShort InterestHealthy1.69% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.10Upright™ Environmental ScoreNews Sentiment0.29Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth5.05%From $2.18 to $2.29 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.45 out of 5 starsUtilities Sector32nd out of 86 stocksElectric Services Industry17th out of 40 stocks 3.0 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $58.75, Fortis has a forecasted upside of 38.1% from its current price of $42.53.Amount of Analyst CoverageFortis has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.69% of the outstanding shares of Fortis have been sold short.Short Interest Ratio / Days to CoverFortis has a short interest ratio ("days to cover") of 14.6, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently decreased by 50.30%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.00%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFortis does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Fortis is 79.34%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Fortis will have a dividend payout ratio of 73.80% next year. This indicates that Fortis will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFortis has received a 14.01% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Local electricty grid operation services for electricty produced by renewable energy sources", "Main electricity grid operation services for electricity produced by renewable energy sources", and "Main electricity grid operation services for electricity produced by waste" products. See details.Environmental SustainabilityThe Environmental Impact score for Fortis is -3.10. Previous Next 2.9 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Fortis this week, compared to 3 articles on an average week.Search Interest48 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 37% compared to the previous 30 days.MarketBeat Follows4 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Fortis insiders have not sold or bought any company stock.Percentage Held by Institutions49.59% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Fortis are expected to grow by 5.05% in the coming year, from $2.18 to $2.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 19.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 19.97, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 106.18.Price to Earnings Growth RatioFortis has a PEG Ratio of 3.48. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Fortis (NYSE:FTS) StockFortis, 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 busineRead More Receive FTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter. Email Address FTS Stock News HeadlinesMarch 30, 2023 | seekingalpha.comFortis: This Boring Stock Is The Perfect Choice For Today's Tumultuous TimesMarch 29, 2023 | americanbankingnews.comFortis Inc. (NYSE:FTS) Given Consensus Rating of "Hold" by BrokeragesApril 1, 2023 | Vantage Point (Ad)The Market Crash Shield is A.I.Are you using the best technology to dominate April markets? This A.I. has traders doubting their methods. Attend This Live (FREE) A.I. Market Training. March 25, 2023 | americanbankingnews.comFortis' (FTS) "Sector Perform" Rating Reaffirmed at Royal Bank of CanadaFebruary 25, 2023 | finance.yahoo.comTrade Alert: The Senior Vice President of Capital Markets & Business Development Of Fortis Inc. (TSE:FTS), Stuart Lochray, Has Just Spent CA$194k Buying 43% More SharesFebruary 10, 2023 | finance.yahoo.comFortis Inc. Files 2022 Year-End Disclosure DocumentsFebruary 2, 2023 | finance.yahoo.comAdvisory: Fortis Inc. to Hold Teleconference on February 10 to Discuss 2022 Annual ResultsDecember 8, 2022 | finance.yahoo.comWith 53% ownership, Fortis Inc. (TSE:FTS) boasts of strong institutional backingApril 1, 2023 | Legacy Research (Affiliate) (Ad)Bear market expert makes new predictionNobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.November 24, 2022 | finance.yahoo.comRead This Before Judging Fortis Inc.'s (TSE:FTS) ROENovember 10, 2022 | finance.yahoo.comPresident David Hutchens Just Bought 23% More Shares In Fortis Inc. (TSE:FTS)November 7, 2022 | finance.yahoo.comFortis' (TSE:FTS) Dividend Will Be Increased To CA$0.565October 22, 2022 | msn.com2 Canadian Stocks to Buy and Hold Until You RetireOctober 22, 2022 | finance.yahoo.comAnalysts Estimate Fortis (FTS) to Report a Decline in Earnings: What to Look Out forOctober 19, 2022 | ca.finance.yahoo.comFortis (TSX:FTS) Stock: Buy and Hold This Canadian Dividend Aristocrat Forever - Yahoo Canada FinanceOctober 14, 2022 | morningstar.co.ukIN BRIEF: Semper Fortis Esports sells players in strategy revamp - MorningstarOctober 13, 2022 | morningstar.comFortis on Pace for Largest Percent Increase Since May 2020 — Data Talk - MorningstarOctober 13, 2022 | ca.finance.yahoo.comNew Investors: How to Turn a $20,000 TFSA or RRSP Into $340,000 - Yahoo Canada FinanceOctober 8, 2022 | ca.finance.yahoo.comReady to Get Rich in the Stock Market? 5 Investments You Can’t Go Wrong With - Yahoo Canada FinanceOctober 4, 2022 | morningstar.co.ukIN BRIEF: Semper Fortis Esports sells player 'Archie' for USD35,000 - MorningstarSeptember 22, 2022 | bloomberg.comTop India Court Orders Forensic Audit on Fortis-IHH Share Sale - BloombergSeptember 21, 2022 | pymnts.comFortis, Visual Matrix Partner to Give Hotels More Payment Choices - PYMNTS.comSeptember 20, 2022 | baystreet.caThis Top Dividend Stock Pays 3.8% and Is Now OversoldSeptember 18, 2022 | ca.finance.yahoo.com3 TSX Stocks That Are Great Long-Term PicksSeptember 18, 2022 | msn.com3 Reasons to Buy Fortis (TSX:FTS) NowSeptember 12, 2022 | fool.caHome Field Bias: The Price of Overlooking U.S. Stocks - The Motley Fool CanadaSeptember 12, 2022 | fool.caWhat Sets Fortis (TSX:FTS) Stock Apart in Bear Markets - The Motley Fool CanadaSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive FTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter. Email Address FTS Company Calendar Last Earnings2/10/2023Ex-Dividend for 3/1 Dividend2/14/2023Dividend Payable3/01/2023Today3/31/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:FTS CUSIPN/A CIK1058084 Webwww.fortisinc.com Phone(709) 737-2800Fax709-737-5307Employees9,200Year FoundedN/APrice Target and Rating Average Stock Price Forecast$58.75 High Stock Price Forecast$65.00 Low Stock Price Forecast$56.00 Forecasted Upside/Downside+38.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.13 Trailing P/E Ratio19.97 Forward P/E Ratio19.51 P/E Growth3.43Net Income$1.07 billion Net Margins12.20% Pretax Margin16.33% Return on Equity6.48% Return on Assets2.16% Debt Debt-to-Equity Ratio1.24 Current Ratio0.65 Quick Ratio0.55 Sales & Book Value Annual Sales$8.49 billion Price / Sales2.41 Cash Flow$4.76 per share Price / Cash Flow8.93 Book Value$33.85 per share Price / Book1.26Miscellaneous Outstanding Shares482,160,000Free FloatN/AMarket Cap$20.51 billion OptionableOptionable Beta0.42 Key ExecutivesDavid G. HutchensPresident, Chief Executive Officer & DirectorGary J. SmithExecutive Vice President-Operations & InnovationJocelyn H. PerryChief Financial Officer & Executive Vice PresidentRon HinsleyChief Information Officer & Vice PresidentKevin WoodburyVice President-Innovation & TechnologyKey CompetitorsPPLNYSE:PPLCenterPoint EnergyNYSE:CNPDTE EnergyNYSE:DTEEntergyNYSE:ETRFirstEnergyNYSE:FEView All CompetitorsInstitutional OwnershipVoya Investment Management LLCSold 2,983 shares on 2/28/2023Ownership: 0.003%NatixisBought 35,743 shares on 2/24/2023Ownership: 0.017%Macquarie Group Ltd.Bought 1,518 shares on 2/21/2023Ownership: 0.000%Truist Financial CorpSold 776 shares on 2/17/2023Ownership: 0.009%United Capital Financial Advisers LLCBought 861 shares on 2/16/2023Ownership: 0.001%View All Institutional Transactions FTS Stock - Frequently Asked Questions Should I buy or sell Fortis stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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? 5 Wall Street research analysts have issued 1-year target prices for Fortis' shares. Their FTS share price forecasts range from $56.00 to $65.00. On average, they expect the company's stock price to reach $58.75 in the next twelve months. This suggests a possible upside of 38.1% 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 increased by 6.2% and is now trading at $42.53. View the best growth stocks for 2023 here. Are investors shorting Fortis? Fortis saw a decline in short interest in March. As of March 15th, there was short interest totaling 8,170,000 shares, a decline of 50.3% from the February 28th total of 16,440,000 shares. Based on an average daily trading volume, of 559,700 shares, the days-to-cover ratio is currently 14.6 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) posted its earnings results on Friday, February, 10th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. The utilities provider had revenue of $2.33 billion for the quarter, compared to analyst estimates 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 given a dividend of $0.4211 per share on Thursday, June 1st. This represents a $1.68 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, May 16th. This is a boost 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 4.03%. 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 73.80% 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 retail and institutional 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 $42.53. How much money does Fortis make? Fortis (NYSE:FTS) has a market capitalization of $20.51 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 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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