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NYSE:FTS

Fortis Stock Forecast, Price & News

$40.68
+0.03 (+0.07 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$40.58
Now: $40.68
$40.95
50-Day Range
$39.50
MA: $41.10
$42.13
52-Week Range
$28.59
Now: $40.68
$44.72
Volume132,747 shs
Average Volume451,425 shs
Market Capitalization$18.92 billion
P/E Ratio20.65
Dividend Yield3.81%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.11 out of 5 stars


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$3.98 per share
Book Value$30.89 per share

Profitability

Net Income$1.30 billion

Miscellaneous

Market Cap$18.92 billion
Next Earnings Date2/11/2021 (Estimated)
OptionableOptionable
$40.68
+0.03 (+0.07 %)
(As of 11/27/2020 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 COVID-19?

Fortis' stock was trading at $38.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FTS stock has increased by 5.3% and is now trading at $40.68.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fortis?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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 winning trading ideas this year 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.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for Fortis
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) issued its earnings results on Friday, October, 30th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by $0.01. The utilities provider earned $1.59 billion during 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 earnings per share.
View Fortis' earnings history
.

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

Fortis announced a quarterly dividend on Wednesday, November 18th. Shareholders of record on Tuesday, February 16th will be given a dividend of $0.379 per share on Monday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, February 12th.
View Fortis' dividend history
.

What price target have analysts set for FTS?

10 Wall Street analysts have issued twelve-month price targets for Fortis' stock. Their forecasts range from $55.00 to $62.00. On average, they expect Fortis' stock price to reach $58.67 in the next year. This suggests a possible upside of 44.2% from the stock's current price.
View analysts' price targets for Fortis
.

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 many different retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (2.55%), Toronto Dominion Bank (1.82%), Scotia Capital Inc. (1.11%), The Manufacturers Life Insurance Company (1.02%), CIBC Asset Management Inc (0.86%) and Great West Life Assurance Co. Can (0.68%).

Which institutional investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Connor Clark & Lunn Investment Management Ltd., Acadian Asset Management LLC, Morgan Stanley, Alberta Investment Management Corp, Cidel Asset Management Inc., Guardian Capital LP, and Forsta AP Fonden.

Which institutional investors are buying Fortis stock?

FTS stock was purchased by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company, Toronto Dominion Bank, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, DekaBank Deutsche Girozentrale, Scotia Capital Inc., CIBC Asset Management Inc, Energy Income Partners LLC, and First Trust Advisors LP.

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 $40.68.

How big of a company is Fortis?

Fortis has a market capitalization of $18.92 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 11/28/2020 by MarketBeat.com Staff

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