Fortis (FTS) Stock Price, News & Analysis

Company Overview

Fortis Inc. (NYSE: FTS) is a leading North American electric and gas utility holding company, headquartered in St. John’s, Newfoundland and Labrador. Through its portfolio of regulated utilities, Fortis delivers safe, reliable and cost-effective energy to more than 3.5 million customers across Canada, the United States and the Caribbean. The company’s operations encompass generation, transmission and distribution of electricity as well as natural gas distribution, underpinned by long-term regulatory frameworks that support capital investment and system modernization.

In Canada, Fortis serves customers in Newfoundland and Labrador, British Columbia and Alberta, providing a mix of hydroelectric, thermal and renewable generation assets alongside comprehensive transmission networks. Its U.S. utilities include operations in New York, Arizona, Michigan, Maryland, and other states, offering a diversified portfolio of regulated electricity and natural gas services. In the Caribbean, Fortis owns and operates regulated electricity networks in territories such as Belize, the Turks and Caicos Islands and several Caribbean islands, where it plays a central role in energy reliability and infrastructure development.

Founded in 1987 through the privatization of Newfoundland Hydro, Fortis has grown through strategic acquisitions and organic expansion. Key transactions over the past two decades include the purchase of Terasen Gas in British Columbia, Central Hudson Gas & Electric in New York, UNS Energy in Arizona, and ITC Holdings, North America’s largest independent electricity transmission company. These investments have diversified the company’s regulatory footprint and bolstered its expertise in grid modernization and clean energy integration.

Fortis is guided by an experienced Board of Directors and an executive leadership team focused on sustainable growth, regulatory excellence and customer service. Its President and Chief Executive Officer, who has more than 25 years of utility industry experience, emphasizes disciplined capital allocation and innovation in areas such as renewable generation, energy efficiency and smart grid technologies. Fortis continues to pursue a strategy that balances dividend growth with credit strength, aiming to deliver long-term value for customers, shareholders and communities.

Key Stats

• Today's Range: $46.83 to $47.03
• 50-Day Range: $46.46 to $49.82
• 52-Week Range: $39.39 to $50.06
• Volume: 21,003 shs
• Average Volume: 614,562 shs
• Market Capitalization: $23.68 billion
• P/E Ratio: 19.84
• Dividend Yield: 3.78%
• Price Target: $72.00
• Consensus Rating: Reduce

Fortis Stock Analysis - MarketRank™

Fortis scored higher than 92% of companies evaluated by MarketBeat, and ranked 8th out of 97 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Fortis has received a consensus rating of Reduce. The company's average rating score is 1.86, and is based on 1 buy rating, 4 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Fortis has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.11%

Earnings Growth

Earnings for Fortis are expected to grow by 5.11% in the coming year, from $2.35 to $2.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortis is 19.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.00.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortis is 19.84, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 20.11.

Price to Earnings Growth Ratio

Fortis has a PEG Ratio of 3.78. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Fortis has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.74% of the float of Fortis has been sold short.

Short Interest Ratio / Days to Cover

Fortis has a short interest ratio ("days to cover") of 14.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Fortis has recently decreased by 6.92%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Fortis is a leading dividend payer. It pays a dividend yield of 3.81%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Fortis has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Fortis is 75.11%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Fortis will have a dividend payout ratio of 72.06% next year. This indicates that Fortis will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -3.20

Percentage of Shares Shorted

1.74% of the float of Fortis has been sold short.

Short Interest Ratio / Days to Cover

Fortis has a short interest ratio ("days to cover") of 14.4, which indicates bearish sentiment.

Change versus previous month

Short interest in Fortis has recently decreased by 6.92%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.61

News Sentiment

Fortis has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Fortis this week, compared to 9 articles on an average week.

Search Interest

Only 9 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

MarketBeat Follows

2 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Fortis insiders have not sold or bought any company stock.

Percentage Held by Institutions

57.77% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FTS Stock Analysis - Frequently Asked Questions

How have FTS shares performed this year?

Fortis' stock was trading at $41.57 on January 1st, 2025. Since then, FTS shares have increased by 13.1% and is now trading at $47.0290.

How were Fortis' earnings last quarter?

Fortis (NYSE:FTS) issued its quarterly earnings results on Wednesday, May, 7th. The utilities provider reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. The utilities provider earned $2.31 billion during the quarter, compared to the consensus estimate of $3.42 billion. Fortis had a trailing twelve-month return on equity of 7.08% and a net margin of 14.20%.
Read the conference call transcript.

Who are Fortis' major shareholders?

Top institutional shareholders of Fortis include Mn Services Vermogensbeheer B.V. (0.04%), Value Partners Investments Inc. (0.02%) and Canoe Financial LP.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Fortis own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortis investors own include Waste Connections (WCN), American Water Works (AWK), AU Optronics (AUOTY), DiamondRock Hospitality (DRH), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 5/07/2025
• Record date for 6/1 Dividend: 5/16/2025
• Ex-Dividend for 6/1 Dividend: 5/16/2025
• Dividend Payable: 6/01/2025
• Today: 7/11/2025
• Next Earnings (Estimated): 8/01/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: UTIL - ELEC PWR
• Sub-Industry: Utilities
• Current Symbol: NYSE:FTS
• CIK: 1666175
• Web: www.fortisinc.com
• Phone: (709) 737-2800
• Fax: 709-737-5307
• Employees: 9,848
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Fortis: $72.00
• High Price Target: $72.00
• Low Price Target: $72.00
• Potential Upside/Downside: +52.7%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.37
• Trailing P/E Ratio: 19.89
• Forward P/E Ratio: 20.06
• P/E Growth: 3.78
• Net Income: $1.23 billion
• Net Margins: 14.20%
• Pretax Margin: 19.03%
• Return on Equity: 7.08%
• Return on Assets: 2.34%

Debt

• Debt-to-Equity Ratio: 1.34
• Current Ratio: 0.76
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $8.40 billion
• Price / Sales: 2.83
• Cash Flow: $5.23 per share
• Price / Cash Flow: 9.02
• Book Value: $35.42 per share
• Price / Book: 1.33

Miscellaneous

• Outstanding Shares: 503,600,000
• Free Float: N/A
• Market Cap: $23.74 billion
• Optionable: Optionable
• Beta: 0.48