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S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
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S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
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S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
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NYSE:FTS

Fortis Stock Forecast, Price & News

$41.26
+0.24 (+0.59 %)
(As of 01/20/2021 12:00 AM ET)
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Today's Range
$40.91
Now: $41.26
$41.30
50-Day Range
$39.86
MA: $40.84
$41.96
52-Week Range
$28.59
Now: $41.26
$44.72
Volume231,009 shs
Average Volume443,911 shs
Market Capitalization$19.26 billion
P/E Ratio20.94
Dividend Yield3.78%
Beta0.22
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 429,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,143 megawatts (MW), including 59 MW of solar 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 1,041,000 residential, commercial and industrial and transportation customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 568,000 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 140 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 269,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 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 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
Fortis logo

MarketRank

Overall MarketRank

2.08 out of 5 stars

Utilities Sector

31st out of 272 stocks

Electric Services Industry

12th out of 78 stocks

Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone709-737-2800
Employees8,970

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.62 billion
Cash Flow$4.04 per share
Book Value$30.08 per share

Profitability

Net Income$1.30 billion

Miscellaneous

Market Cap$19.26 billion
Next Earnings Date2/12/2021 (Confirmed)
OptionableOptionable
$41.26
+0.24 (+0.59 %)
(As of 01/20/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fortis (NYSE:FTS) Frequently Asked Questions

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 stock has increased by 6.8% and is now trading at $41.26.
View which stocks have been most impacted by COVID-19
.

Is Fortis a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Fortis stock.
View analyst ratings for Fortis
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Fortis?

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

What is Thomas Greco's approval rating as Fortis' CEO?

538 employees have rated Fortis CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among Fortis' employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Friday, February 12th 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, February 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) issued its quarterly earnings results on Friday, October, 30th. The utilities provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.01. The utilities provider had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $2.19 billion. Fortis had a net margin of 13.88% and a return on equity of 6.00%. During the same quarter in the previous year, the business posted $0.66 EPS.
View Fortis' earnings history
.

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

Fortis declared a quarterly dividend on Wednesday, November 18th. Investors of record on Tuesday, February 16th will be paid a dividend of $0.379 per share on Monday, March 1st. This represents a $1.52 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, February 12th.
View Fortis' dividend history
.

Is Fortis a good dividend stock?

Fortis pays an annual dividend of $1.55 per share and currently has a dividend yield of 3.78%. Fortis does not yet have a strock track record of dividend growth. The dividend payout ratio of Fortis is 80.73%. 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 71.43% 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?

9 Wall Street analysts have issued 12 month price objectives for Fortis' stock. Their forecasts range from $55.00 to $62.00. On average, they anticipate Fortis' share price to reach $58.86 in the next year. This suggests a possible upside of 42.6% from the stock's current price.
View analysts' price targets for Fortis
or view Wall Street analyst' top-rated stocks.

Are investors shorting Fortis?

Fortis saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,430,000 shares, a decrease of 23.1% from the December 15th total of 1,860,000 shares. Based on an average daily trading volume, of 325,500 shares, the days-to-cover ratio is currently 4.4 days. Approximately 0.3% of the shares of the stock are short sold.
View Fortis' Short Interest
.

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 Co. (ATH.TO) (ATH), Micron Technology (MU), NIC (EGOV), Accenture (ACN), Honeywell International (HON) and Workday (WDAY).

Who are Fortis' key executives?

Fortis' management team includes the following people:
  • Mr. Barry V. Perry, Pres, CEO & Director (Age 55)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Mr. David Gerard Hutchens, Chief Operating Officer (Age 53)
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. & CTO (Age 64)
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 58)
  • Mr. Ronald J. Hinsley, Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo, VP of Investor Relations
  • Mr. James R. Reid, Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Karen M. McCarthy BPR, M.Ed, VP of Communications & Corp. Affairs
  • Mr. Regan P. O'Dea, VP & Corp. Gen. Counsel

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 investors include Addenda Capital Inc. (0.17%), Farmers & Merchants Investments Inc. (0.02%), Davis Rea LTD. (0.02%), Crossmark Global Holdings Inc. (0.01%), Nexus Investment Management ULC (0.01%) and Cardinal Capital Management Inc. (0.00%).

Which major investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including Farmers & Merchants Investments Inc., and Davis Rea LTD..

Which major investors are buying Fortis stock?

FTS stock was acquired by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Addenda Capital Inc., Pacer Advisors Inc., Nexus Investment Management ULC, and Cardinal Capital Management 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.

What is Fortis' stock price today?

One share of FTS stock can currently be purchased for approximately $41.26.

How big of a company is Fortis?

Fortis has a market capitalization of $19.26 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 8,970 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 or via email at [email protected]

This page was last updated on 1/21/2021 by MarketBeat.com Staff

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