S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of  (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of  (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of  (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of  (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of  (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of  (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of  (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of  (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry

Fortis - FTS Stock Forecast, Price & News

$46.43
-0.01 (-0.02%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$45.97
$46.72
50-Day Range
$44.50
$48.12
52-Week Range
$43.12
$51.66
Volume
731,106 shs
Average Volume
649,294 shs
Market Capitalization
$22.23 billion
P/E Ratio
22.32
Dividend Yield
3.60%
Price Target
$59.88

Fortis MarketRank™ Forecast

Analyst Rating
Hold
1.80 Rating Score
Upside/​Downside
29.0% Upside
$59.88 Price Target
Short Interest
Healthy
1.63% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.14
Upright™ Environmental Score
News Sentiment
0.13mentions of Fortis in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.51%
From $2.15 to $2.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Utilities Sector

20th out of 87 stocks

Electric Services Industry

9th out of 42 stocks

FTS stock logo

About Fortis (NYSE:FTS) Stock

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 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind 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 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 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 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 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 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FTS. Wells Fargo & Company downgraded Fortis from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 1st. National Bank Financial upped their target price on Fortis from C$59.00 to C$60.00 in a research report on Friday, May 6th. Edward Jones cut Fortis from a "buy" rating to a "hold" rating in a research report on Wednesday, July 27th. Finally, UBS Group cut Fortis from a "neutral" rating to a "sell" rating and set a $56.00 price target for the company. in a report on Thursday, June 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $59.88.

Fortis Stock Down 0.8 %

NYSE:FTS traded down $0.35 during trading hours on Friday, hitting $46.09. 16,934 shares of the stock traded hands, compared to its average volume of 688,064. The firm has a 50 day moving average price of $46.68 and a 200 day moving average price of $47.85. The company has a current ratio of 0.64, a quick ratio of 0.53 and a debt-to-equity ratio of 1.23. Fortis has a fifty-two week low of $43.12 and a fifty-two week high of $51.66. The firm has a market cap of $22.06 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 4.08 and a beta of 0.33.

Fortis Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 19th will be issued a dividend of $0.4149 per share. This represents a $1.66 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Thursday, August 18th. Fortis's dividend payout ratio (DPR) is 80.29%.

Receive FTS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter.

FTS Stock News Headlines

Fortis: Q2 Earnings Snapshot - Greenwich Time
Edward Jones Downgrades Fortis (NYSE:FTS) to Hold
Fortis (FTS) Scheduled to Post Earnings on Thursday
See More Headlines
Receive FTS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter.

FTS Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 6/1 Dividend
5/16/2022
Dividend Payable
6/01/2022
Ex-Dividend for 9/1 Dividend
8/18/2022
Today
8/20/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
9,095
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$59.88
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+29.0%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
16.55%

Debt

Sales & Book Value

Annual Sales
$7.54 billion
Cash Flow
$4.38 per share
Book Value
$33.11 per share

Miscellaneous

Free Float
N/A
Market Cap
$22.23 billion
Optionable
Optionable
Beta
0.33

Key Executives

  • Mr. David Gerard Hutchens (Age 55)
    Pres, CEO & Director
    Comp: $2.83M
  • Ms. Jocelyn H. Perry (Age 51)
    Exec. VP & CFO
    Comp: $1.17M
  • Mr. James R. Reid
    Exec. VP of Sustainability & Chief Legal Officer
  • Mr. Gary J. Smith (Age 60)
    Exec. VP of Operations & Innovation
  • Mr. Kevin D. Woodbury
    VP of Innovation & Technology
  • Mr. Ronald J. Hinsley
    Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo
    VP of Investor Relations
  • Ms. Karen M. McCarthy BPR
    M.Ed, VP of Communications & Corp. Affairs
  • Mr. Regan P. O'Dea
    VP & Gen. Counsel
  • Ms. Susan M. Gray (Age 49)
    Exec. VP of Western Utility Operations













FTS Stock - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FTS shares. 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 FTS analyst ratings
or view top-rated stocks.

What is Fortis' stock price forecast for 2022?

10 brokers have issued 1-year price objectives for Fortis' shares. Their FTS share price forecasts range from $56.00 to $64.00. On average, they expect the company's stock price to reach $59.88 in the next year. This suggests a possible upside of 29.0% from the stock's current price.
View analysts price targets for FTS
or view top-rated stocks among Wall Street analysts.

How have FTS shares performed in 2022?

Fortis' stock was trading at $48.27 on January 1st, 2022. Since then, FTS shares have decreased by 3.8% and is now trading at $46.43.
View the best growth stocks for 2022 here
.

Are investors shorting Fortis?

Fortis saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,780,000 shares, a decrease of 9.5% from the July 15th total of 8,600,000 shares. Based on an average daily volume of 706,300 shares, the days-to-cover ratio is presently 11.0 days.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our FTS earnings forecast
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) posted its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.12. The utilities provider earned $1.74 billion during the quarter, compared to the consensus estimate of $2.19 billion. Fortis had a net margin of 12.77% and a trailing twelve-month return on equity of 6.53%. During the same period in the prior year, the business posted $0.49 EPS.

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

Fortis declared a quarterly dividend on Friday, July 29th. Stockholders of record on Friday, August 19th will be given a dividend of $0.4149 per share on Thursday, September 1st. This represents a $1.66 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for FTS
.

Is Fortis a good dividend stock?

Fortis (NYSE:FTS) pays an annual dividend of $1.67 per share and currently has a dividend yield of 3.60%. The dividend payout ratio is 80.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FTS will have a dividend payout ratio of 72.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTS.

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), 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 a number of retail and institutional investors. Top institutional investors include Bank of Montreal Can (4.27%), TD Asset Management Inc. (2.28%), Toronto Dominion Bank (2.22%), GQG Partners LLC (1.96%), Bank of Nova Scotia (1.83%) and Scotia Capital Inc. (1.33%).

How do I buy shares of Fortis?

Shares of FTS stock 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 $46.43.

How much money does Fortis make?

Fortis (NYSE:FTS) has a market capitalization of $22.23 billion and generates $7.54 billion in revenue each year. The utilities provider earns $1.03 billion in net income (profit) each year or $2.08 on an earnings per share basis.

How many employees does Fortis have?

The company employs 9,095 workers across the globe.

How can I contact Fortis?

Fortis' mailing address is 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4. The official website for the company is www.fortisinc.com. The utilities provider can be reached via phone at (709) 737-2800, via email at investorrelations@fortisinc.com, or via fax at 709-737-5307.

This page (NYSE:FTS) was last updated on 8/20/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.