S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
pixel
Log in
NYSE:FTS

Fortis Stock Forecast, Price & News

$39.71
+0.14 (+0.35 %)
(As of 03/5/2021 12:00 AM ET)
Add
Compare
Today's Range
$39.34
Now: $39.71
$39.80
50-Day Range
$38.50
MA: $40.33
$41.34
52-Week Range
$28.59
Now: $39.71
$43.65
Volume606,914 shs
Average Volume441,856 shs
Market Capitalization$18.54 billion
P/E Ratio20.16
Dividend Yield3.92%
Beta0.22
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 433,000 retail customers in southeastern Arizona; and 98,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,233 megawatts (MW), including 59 MW of solar 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 1,048,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 572,000 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 67,000 customers in Ontario; approximately 270,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 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 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
Fortis logo

Headlines

Fortis Inc. Reports 2020 Results - Yahoo Finance
February 12, 2021 |  finance.yahoo.com
Fortis Q4 2020 Earnings Preview - Seeking Alpha
February 11, 2021 |  seekingalpha.com
See More Headlines

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone709-737-2800
Employees8,961
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.62 billion
Cash Flow$3.89 per share
Book Value$30.08 per share

Profitability

Net Income$1.30 billion

Miscellaneous

Market Cap$18.54 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.07 out of 5 stars

Utilities Sector

36th out of 276 stocks

Electric Services Industry

13th out of 78 stocks

Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$39.71
+0.14 (+0.35 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive FTS News and Ratings via Email

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

speech bubbles
speech bubbles











Fortis (NYSE:FTS) Frequently Asked Questions

Is Fortis a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Fortis stock.
View analyst ratings for Fortis
or view top-rated stocks.

What stocks does MarketBeat like better than Fortis?

Wall Street analysts have given Fortis a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fortis wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Fortis
.

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) announced its quarterly earnings data on Thursday, February, 11th. The utilities provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.52 by $0.17. The utilities provider had revenue of $1.80 billion for the quarter, compared to analyst estimates of $2.40 billion. Fortis had a trailing twelve-month return on equity of 6.00% and a net margin of 13.88%. During the same quarter last year, the company earned $0.62 earnings per share.
View Fortis' earnings history
.

How has Fortis' stock 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. Since then, FTS stock has increased by 2.7% and is now trading at $39.71.
View which stocks have been most impacted by COVID-19
.

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

Fortis declared a quarterly dividend on Friday, February 12th. Stockholders of record on Monday, May 17th will be given a dividend of $0.3962 per share on Tuesday, June 1st. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, May 14th. This is an increase from Fortis's previous quarterly dividend of $0.38.
View Fortis' dividend history
.

Is Fortis a good dividend stock?

Fortis pays an annual dividend of $1.54 per share and currently has a dividend yield of 3.92%. Fortis does not yet have a strock track record of dividend growth. The dividend payout ratio of Fortis is 80.21%. 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 70.97% 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?

11 Wall Street analysts have issued 12 month price objectives for Fortis' shares. Their forecasts range from $58.00 to $62.00. On average, they expect Fortis' share price to reach $59.57 in the next year. This suggests a possible upside of 50.0% 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:
  • Mr. David Gerard Hutchens, Pres, CEO & Director (Age 54)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. & CTO (Age 65)
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 59)
  • Mr. Ronald J. Hinsley, Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo, VP of Investor Relations
  • Mr. James R. Reid, Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Karen M. McCarthy BPR, M.Ed, VP of Communications & Corp. Affairs
  • Mr. Regan P. O'Dea, VP & Corp. Gen. Counsel
  • Mr. Gary J. Smith, Exec. VP of Eastern Canadian & Caribbean Operations (Age 59)

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 Co. (ATH.TO) (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 Toronto Dominion Bank (2.37%), FIL Ltd (1.91%), CIBC World Markets Inc. (1.56%), Mackenzie Financial Corp (1.43%), Scotia Capital Inc. (1.20%) and Norges Bank (1.00%).

Which institutional investors are selling Fortis stock?

FTS stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, CIBC World Markets Inc., CIBC Asset Management Inc, The Manufacturers Life Insurance Company , Renaissance Technologies LLC, AGF Investments Inc., Morgan Stanley, and State of Wisconsin Investment Board.

Which institutional investors are buying Fortis stock?

FTS stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Toronto Dominion Bank, Value Partners Investments Inc., Intact Investment Management Inc., Guardian Capital LP, Scotia Capital Inc., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and JPMorgan Chase & Co..

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 $39.71.

How much money does Fortis make?

Fortis has a market capitalization of $18.54 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.

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?

Fortis is headquartered at 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4.

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 or via email at [email protected]


This page was last updated on 3/6/2021 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.