NYSE:FTS - Fortis Stock Price, Forecast & News

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

Fortis declared a -- dividend on Wednesday, September 11th. Stockholders of record on Tuesday, November 19th will be paid a dividend of $0.3631 per share on Sunday, December 1st. This represents a dividend yield of 3.5%. The ex-dividend date is Monday, November 18th. View Fortis' Dividend History.

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

Fortis is scheduled to release their next quarterly earnings announcement on Friday, February 21st 2020. View Earnings Estimates for Fortis.

13 brokers have issued 1-year target prices for Fortis' shares. 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 32.5% from the stock's current price. View Analyst Price Targets 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.

Media coverage about FTS stock has trended somewhat negative recently, InfoTrie reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Fortis earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Fortis.

Fortis saw a increase in short interest in December. As of December 31st, there was short interest totalling 3,030,000 shares, an increase of 103.4% from the December 15th total of 1,490,000 shares. Based on an average daily trading volume, of 434,500 shares, the days-to-cover ratio is presently 7.0 days. Approximately 0.7% of the company's stock 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), Edison International (EIX), CLP (CLPHY), FirstEnergy (FE), PPL (PPL), DTE Energy (DTE), Entergy (ETR), SSE PLC/S (SSEZY), Tenaga Nasional Bhd (TNABY), EDP-Energias de Portugal, S.A (EDPFY), 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), Precision Drilling (PD) and Micron Technology (MU).

Fortis' stock is owned by many different of institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.06%), Assenagon Asset Management S.A. (0.03%), United Services Automobile Association (0.01%), Nexus Investment Management Inc. (0.01%), Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.00%) and O Keefe Stevens Advisory Inc. (0.00%).

FTS stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., O Keefe Stevens Advisory Inc., JCIC Asset Management Inc. and CLARET ASSET MANAGEMENT Corp.

FTS stock was acquired by a variety of institutional investors in the last quarter, including United Services Automobile Association, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Assenagon Asset Management S.A. and Nexus Investment Management Inc..

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 $43.25.

Fortis has a market capitalization of $20.04 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.

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]