NYSE:FTS - Fortis Stock Price, Forecast & News

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

Fortis announced a quarterly dividend on Thursday, February 13th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.3593 per share on Monday, June 1st. This represents a $1.44 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, May 14th. View Fortis' Dividend History.

Fortis Inc (NYSE:FTS) posted its earnings results on Thursday, February, 13th. The utilities provider reported $0.62 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.46 by $0.16. The utilities provider earned $1.69 billion during the quarter, compared to the consensus estimate of $1.71 billion. Fortis had a return on equity of 6.85% and a net margin of 13.61%. During the same quarter last year, the company earned $0.56 earnings per share. View Fortis' Earnings History.

Fortis is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Fortis.

11 analysts have issued 1 year price objectives for Fortis' shares. Their forecasts range from $53.00 to $64.00. On average, they anticipate Fortis' stock price to reach $57.71 in the next year. This suggests a possible upside of 31.1% from the stock's current price. View Analyst Price Targets for Fortis.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortis.

Headlines about FTS stock have trended extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by analyzing 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 news impact score of -5.0 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for Fortis.

Fortis saw a increase in short interest in January. As of January 31st, there was short interest totalling 3,400,000 shares, an increase of 12.2% from the January 15th total of 3,030,000 shares. Based on an average trading volume of 415,900 shares, the days-to-cover ratio is currently 8.2 days. Approximately 0.8% of the shares of the company are short sold. View Fortis' Current Options Chain.

Some companies that are related to Fortis include Southern (SO), Dominion Energy (D), American Electric Power (AEP), Eversource Energy (ES), FirstEnergy (FE), Edison International (EIX), CLP (CLPHY), Entergy (ETR), DTE Energy (DTE), PPL (PPL), SSE PLC/S (SSEZY), EDP-Energias de Portugal, S.A (EDPFY), Tenaga Nasional Bhd (TNABY), Avangrid (AGR) and Korea Electric Power (KEP).

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).

Fortis' stock is owned by many different of institutional and retail investors. Top institutional investors include TD Asset Management Inc. (2.59%), FIL Ltd (2.57%), Toronto Dominion Bank (1.96%), CIBC World Markets Inc. (1.87%), Caisse DE Depot ET Placement DU Quebec (1.01%) and Renaissance Technologies LLC (0.94%).

FTS stock was sold by a variety of institutional investors in the last quarter, including GQG Partners LLC, FIL Ltd, Russell Investments Group Ltd., QV Investors Inc., Acadian Asset Management LLC, Alberta Investment Management Corp, Ferguson Wellman Capital Management Inc. and Guardian Capital LP.

FTS stock was purchased by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Highstreet Asset Management Inc., Connor Clark & Lunn Investment Management Ltd., Value Partner Investments Inc., Renaissance Technologies LLC, Bank of America Corp DE, Montrusco Bolton Investments Inc. and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

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.

One share of FTS stock can currently be purchased for approximately $44.03.

Fortis has a market capitalization of $20.41 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 8,800 workers across the globe.View Additional Information About Fortis.

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

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]