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NYSE:FTS - Fortis Stock Price, Forecast & News

$43.54
-0.43 (-0.98 %)
(As of 02/25/2020 04:00 PM ET)
Today's Range
$43.52
Now: $43.54
$44.09
50-Day Range
$41.60
MA: $43.35
$44.30
52-Week Range
$35.30
Now: $43.54
$44.72
Volume323,400 shs
Average Volume324,524 shs
Market Capitalization$20.18 billion
P/E Ratio20.35
Dividend Yield3.27%
Beta0.11
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity. Read More…

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone709-737-2800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.62 billion
Cash Flow$3.90 per share
Book Value$30.08 per share

Profitability

Net Income$1.30 billion

Miscellaneous

Employees8,800
Market Cap$20.18 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Fortis (NYSE:FTS) Frequently Asked Questions

What is Fortis' stock symbol?

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

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

Fortis announced a quarterly dividend on Thursday, February 13th. Investors of record on Friday, May 15th will be given a dividend of $0.3593 per share on Monday, June 1st. This represents a $1.44 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, May 14th. View Fortis' Dividend History.

How were Fortis' earnings last quarter?

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

When is Fortis' next earnings date?

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

What price target have analysts set for FTS?

11 brokerages have issued 1 year price objectives for Fortis' stock. Their forecasts range from $55.00 to $64.00. On average, they expect Fortis' stock price to reach $58.50 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price. View Analyst Price Targets for Fortis.

What is the consensus analysts' recommendation 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.

Has Fortis been receiving favorable news coverage?

Press coverage about FTS stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Fortis earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave news articles about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Fortis.

Are investors shorting Fortis?

Fortis saw a increase in short interest during the month of 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 daily trading volume, of 415,900 shares, the short-interest ratio is presently 8.2 days. Currently, 0.8% of the company's shares are short sold. View Fortis' Current Options Chain.

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 (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Allergan (AGN), Micron Technology (MU) and AutoZone (AZO).

Who are Fortis' key executives?

Fortis' management team includes the folowing people:
  • Mr. Barry V. Perry, Pres, CEO & Director (Age 54)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 57)
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. (Age 63)
  • Mr. David Gerard Hutchens, Exec. VP of Western Utility Operations (Age 52)

Who are Fortis' major shareholders?

Fortis' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (2.59%), FIL Ltd (2.57%), 1832 Asset Management L.P. (2.54%), Toronto Dominion Bank (1.96%), CIBC World Markets Inc. (1.87%) and Caisse DE Depot ET Placement DU Quebec (1.01%).

Which institutional investors are selling Fortis stock?

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.

Which institutional investors are buying Fortis stock?

FTS stock was bought by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Intact Investment Management Inc., Highstreet Asset Management Inc., Connor Clark & Lunn Investment Management Ltd., Value Partner Investments Inc., Renaissance Technologies LLC, Bank of America Corp DE and Cidel Asset Management 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 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 $43.54.

How big of a company is Fortis?

Fortis has a market capitalization of $20.18 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.

What is Fortis' official website?

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

How can I contact Fortis?

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]


MarketBeat Community Rating for Fortis (NYSE FTS)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  240 (Vote Outperform)
Underperform Votes:  333 (Vote Underperform)
Total Votes:  573
MarketBeat's community ratings are surveys of what our community members think about Fortis and other stocks. Vote "Outperform" if you believe FTS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FTS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/25/2020 by MarketBeat.com Staff

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