Fortis - FTS Stock Forecast, Price & News

10 Wall Street 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 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.

10 Wall Street analysts have issued 1-year price objectives for Fortis' shares. Their FTS share price forecasts range from $56.00 to $64.00. On average, they anticipate the company's stock price to reach $59.88 in the next twelve months. This suggests a possible upside of 50.4% from the stock's current price.
View analysts price targets for FTS or view top-rated stocks among Wall Street analysts.

Fortis' stock was trading at $48.27 at the beginning of 2022. Since then, FTS stock has decreased by 17.5% and is now trading at $39.80.
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Fortis saw a decline in short interest in September. As of September 15th, there was short interest totaling 5,750,000 shares, a decline of 18.9% from the August 31st total of 7,090,000 shares. Based on an average daily trading volume, of 693,900 shares, the short-interest ratio is presently 8.3 days.
View Fortis' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our FTS earnings forecast.

Fortis will be holding an earnings conference call on Friday, October 28th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Fortis Inc. (NYSE:FTS) released its earnings results on Thursday, July, 28th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by $0.04. The utilities provider earned $1.95 billion during the quarter, compared to analysts' expectations of $1.73 billion. Fortis had a net margin of 12.77% and a trailing twelve-month return on equity of 6.53%.

Fortis announced 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 4.17%. The ex-dividend date of this dividend is Thursday, August 18th.
Read our dividend analysis for FTS.

Fortis (NYSE:FTS) pays an annual dividend of $1.65 per share and currently has a dividend yield of 4.08%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.33%. 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 73.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FTS.

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).

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

Fortis' stock is owned by a number of institutional and retail 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%).

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.
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One share of FTS stock can currently be purchased for approximately $39.80.

Fortis (NYSE:FTS) has a market capitalization of $19.05 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.

The company employs 9,095 workers across the globe.

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.