NYSE:FTS - Fortis Stock Price, Forecast & News

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

Fortis declared a quarterly dividend on Wednesday, January 22nd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.3655 per share on Sunday, March 1st. This represents a $1.46 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, February 14th. This is an increase from Fortis's previous quarterly dividend of $0.34. View Fortis' Dividend History.

Fortis Inc (NYSE:FTS) announced its earnings results on Friday, November, 1st. The utilities provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. The utilities provider earned $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. Fortis had a return on equity of 6.75% and a net margin of 12.72%. During the same quarter in the previous year, the firm posted $0.65 EPS. View Fortis' Earnings History.

Fortis is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Fortis.

Fortis will be holding an earnings conference call on Thursday, February 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

13 analysts have issued 12 month price targets 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 29.4% 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.

News articles about FTS stock have trended extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Fortis earned a daily sentiment score of -4.5 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Fortis.

Fortis saw a increase in short interest during the month of 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), FirstEnergy (FE), CLP (CLPHY), PPL (PPL), Entergy (ETR), DTE Energy (DTE), 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), Micron Technology (MU) and AutoZone (AZO).

Fortis' stock is owned by many different of institutional and retail investors. Top institutional investors include Duff & Phelps Investment Management Co. (0.39%), Strs Ohio (0.10%), Hennessy Advisors Inc. (0.06%), Assenagon Asset Management S.A. (0.03%), Jones Financial Companies Lllp (0.03%) and Farmers & Merchants Investments Inc. (0.02%).

FTS stock was sold by a variety of institutional investors in the last quarter, including Ferguson Wellman Capital Management Inc., Hennessy Advisors Inc., Farmers & Merchants Investments Inc., O Keefe Stevens Advisory Inc., DORCHESTER WEALTH MANAGEMENT Co, Zurcher Kantonalbank Zurich Cantonalbank , Advisor Partners LLC and JCIC Asset Management Inc..

FTS stock was purchased by a variety of institutional investors in the last quarter, including Duff & Phelps Investment Management Co., Strs Ohio, United Services Automobile Association, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Assenagon Asset Management S.A., Jones Financial Companies Lllp, Landsberg Bennett & Dubbaneh LLC 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 $44.27.

Fortis has a market capitalization of $20.51 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]