NYSE:FTS

Fortis Stock Forecast, Price & News

$43.71
+0.04 (+0.09 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
$43.56
Now: $43.71
$43.79
50-Day Range
$38.50
MA: $41.62
$43.83
52-Week Range
$35.53
Now: $43.71
$44.07
Volume242,608 shs
Average Volume412,599 shs
Market Capitalization$20.40 billion
P/E Ratio22.19
Dividend Yield3.53%
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

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$4.28 per share
Book Value$30.08 per share

Profitability

Net Income$1.30 billion

Miscellaneous

Market Cap$20.40 billion
Next Earnings Date5/5/2021 (Confirmed)
OptionableOptionable

Headlines

Fortis (NYSE:FTS) Reaches New 1-Year High at $43.91
April 5, 2021 |  americanbankingnews.com
Own These 2 Dividend Stocks? Hold Them Forever!
March 28, 2021 |  ca.finance.yahoo.com
Fortis (NYSE:FTS) Sets New 12-Month High at $43.50
March 26, 2021 |  americanbankingnews.com
Inflation Is Skyrocketing, But Bond Proxies Will Do Okay
March 22, 2021 |  ca.finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.06 out of 5 stars

Utilities Sector

22nd out of 278 stocks

Electric Services Industry

9th out of 78 stocks

Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$43.71
+0.04 (+0.09 %)
(As of 04/9/2021 12:00 AM ET)
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Fortis (NYSE:FTS) Frequently Asked Questions

Is Fortis a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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.

What stocks does MarketBeat like better than Fortis?

Wall Street analysts have given Fortis a "Hold" 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 can I listen to Fortis' earnings call?

Fortis will be holding an earnings conference call on Wednesday, May 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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, topping the consensus estimate of $0.52 by $0.17. The utilities provider had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $2.40 billion. Fortis had a net margin of 13.88% and a trailing twelve-month return on equity of 6.00%. During the same quarter last year, the company earned $0.62 EPS.
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 shares have increased by 13.1% and is now trading at $43.71.
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. Investors of record on Monday, May 17th will be paid a dividend of $0.3962 per share on Tuesday, June 1st. This represents a $1.58 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, May 14th. This is a positive change 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 3.53%. 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?

9 analysts have issued 1-year target prices for Fortis' shares. Their forecasts range from $58.00 to $62.00. On average, they anticipate Fortis' share price to reach $59.57 in the next year. This suggests a possible upside of 36.3% 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:
  • 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 (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 a number of retail and institutional investors. Top institutional shareholders include Nexus Investment Management ULC (0.01%).

Which institutional investors are buying Fortis stock?

FTS stock was purchased by a variety of institutional investors in the last quarter, including Nexus Investment Management ULC.

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 $43.71.

How much money does Fortis make?

Fortis has a market capitalization of $20.40 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 4/10/2021 by MarketBeat.com Staff
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