S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

Fortis Stock Forecast, Price & News

$43.87
+0.10 (+0.23%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$43.69
$44.01
50-Day Range
$43.26
$45.89
52-Week Range
$38.49
$47.02
Volume
437,681 shs
Average Volume
364,562 shs
Market Capitalization
$20.75 billion
P/E Ratio
21.30
Dividend Yield
3.88%
Beta
0.28
30 days | 90 days | 365 days | Advanced Chart
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Fortis logo

About Fortis

Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated. The Regulated Utilities segment comprises of ITC, which contains mainly of the electric transmission operations of the ITC regulated operating subsidiaries; UNS Energy that offers vertically integrated utility services; Central Hudson, which provides regulated electric and gas T&D utility services; FortisBC Energy distributes natural gas in British Columbia; FortisAlberta, which involves in the ownership and operation of regulated electricity distribution facilities; FortisBC Electric includes the ownership of hydroelectric generating plants, high voltage transmission lines, and a large network of distribution assets; and Other Electric that contains utilities in the eastern Canada and Caribbean. The Non-Regulated segment consists of energy Infrastructure, which is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and a gas storage facility in British Columbia; and Corporate & Other includes expenses and revenue items not specifically related to business operations. The comp

Headlines

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Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
8,961
Year Founded
N/A

Sales & Book Value

Annual Sales
$6.86 billion
Cash Flow
$4.23 per share
Book Value
$32.16 per share

Profitability

Net Income
$951.04 million
Pretax Margin
17.85%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$20.75 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/28/2021
Ex-Dividend
11/16/2021
Dividend Payable
12/01/2021
Today
12/04/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/11/2022

MarketRank

Overall MarketRank

2.49 out of 5 stars

Utilities Sector

41st out of 122 stocks

Electric Services Industry

15th out of 56 stocks

Analyst Opinion: 4.0Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -












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 year. 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 COVID-19?

Fortis' stock was trading at $38.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FTS shares have increased by 13.5% and is now trading at $43.87.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Fortis?

Fortis saw a increase in short interest in 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 daily trading volume, of 330,000 shares, the short-interest ratio is currently 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) released its earnings results on Thursday, October, 28th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter last year, the company posted $0.49 EPS.
View Fortis' earnings history
.

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

Fortis announced a quarterly dividend on Friday, November 19th. Stockholders of record on Tuesday, February 15th will be paid a dividend of $0.4248 per share on Tuesday, March 1st. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, February 14th. This is a positive change 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 3.88%. Fortis has been increasing its dividend for 2 consecutive year(s), indicating that it 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' stock. 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 34.3% 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

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 investors 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 acquired 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 $43.87.

How much money does Fortis make?

Fortis has a market capitalization of $20.75 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?

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.


This page was last updated on 12/4/2021 by MarketBeat.com Staff

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