Fortis Stock Forecast, Price & News

Fortis (NYSE:FTS) Frequently Asked Questions

Is Fortis a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Fortis stock. 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 analyst ratings for Fortis or view top-rated stocks.

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. Since then, FTS stock has increased by 13.1% and is now trading at $43.73.
View which stocks have been most impacted by COVID-19.

Are investors shorting Fortis?

Fortis saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 8,460,000 shares, an increase of 139.7% from the October 31st total of 3,530,000 shares. Based on an average trading volume of 330,000 shares, the short-interest ratio is presently 25.6 days.
View Fortis' Short Interest.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Friday, February 11th 2022.
View our earnings forecast for Fortis.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) announced its earnings results on Thursday, October, 28th. The utilities provider reported $0.64 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.52 by $0.12. Fortis had a trailing twelve-month return on equity of 6.63% and a net margin of 13.55%. During the same period in the prior year, the business posted $0.49 earnings per share.
View Fortis' earnings history.

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

Fortis declared a quarterly dividend on Friday, November 19th. Stockholders of record on Tuesday, February 15th will be given a dividend of $0.4248 per share on Tuesday, March 1st. This represents a $1.70 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, February 14th. This is an increase from Fortis's previous quarterly dividend of $0.42.
View Fortis' dividend history.

Is Fortis a good dividend stock?

Fortis pays an annual dividend of $1.70 per share and currently has a dividend yield of 3.89%. Fortis does not yet have a strong track record of dividend growth. The dividend payout ratio of Fortis is 82.52%. 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 72.65% 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?

12 Wall Street analysts have issued 1-year target prices for Fortis' shares. Their forecasts range from $51.00 to $64.00. On average, they anticipate Fortis' share price to reach $58.90 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
View analysts' price targets for Fortis or view top-rated stocks among Wall Street analysts.

Who are Fortis' key executives?

Fortis' management team includes the following people:

• David G. Hutchens, President, Chief Executive Officer & Director
• Jocelyn H. Perry, Chief Financial Officer & Executive Vice President
• James P. Laurito, CTO & EVP-Business Development
• Ron Hinsley, Chief Information Officer & Vice President
• James R. Reid, Secretary, Chief Legal Officer & Executive VP

Who are some of Fortis' key competitors?

Some companies that are related to Fortis include Enel (ENLAY), Southern (SO), Dominion Energy (D), American Electric Power (AEP), Eversource Energy (ES), Edison International (EIX), CLP (CLPHY), PPL (PPL), EDP - Energias de Portugal (EDPFY), DTE Energy (DTE), FirstEnergy (FE), Entergy (ETR), Avangrid (AGR), CenterPoint Energy (CNP) and China Resources Power (CRPJY).
View all of FTS's 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 (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 many different retail and institutional investors. Top institutional shareholders include FIL Ltd (3.93%), TD Asset Management Inc. (2.30%), Toronto Dominion Bank (2.09%), Bank of Nova Scotia (1.60%), Mackenzie Financial Corp (1.40%) and Scotia Capital Inc. (1.33%).

Which institutional investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Mackenzie Financial Corp, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, QV Investors Inc., Morgan Stanley, Allianz Asset Management GmbH, Goldman Sachs Group Inc., and Alberta Investment Management Corp.

Which institutional investors are buying Fortis stock?

FTS stock was purchased by a variety of institutional investors in the last quarter, including FIL Ltd, Connor Clark & Lunn Investment Management Ltd., Bank of Nova Scotia, CIBC Asset Management Inc, Franklin Resources Inc., Public Sector Pension Investment Board, Geode Capital Management LLC, and Citigroup 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.
Compare Top Brokerages Here.

What is Fortis' stock price today?

One share of FTS stock can currently be purchased for approximately $43.73.

How much money does Fortis make?

Fortis has a market capitalization of $20.68 billion and generates $6.86 billion in revenue each year. The utilities provider earns $951.04 million in net income (profit) each year or $2.06 on an earnings per share basis.

How many employees does Fortis have?

Fortis employs 8,961 workers across the globe.

What is Fortis' official website?

The official website for Fortis is www.fortisinc.com.

Where are Fortis' headquarters?

Fortis is headquartered at 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4.

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, via email at [email protected], or via fax at 709-737-5307.