Fortis (FTS) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 3 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.

5 equities research analysts have issued 12 month price objectives for Fortis' stock. Their FTS share price forecasts range from $56.00 to $65.00. On average, they expect the company's share price to reach $58.75 in the next twelve months. This suggests a possible upside of 36.9% 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 $40.04 at the start of the year. Since then, FTS shares have increased by 7.2% and is now trading at $42.93.
View the best growth stocks for 2023 here.

Fortis saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 14,260,000 shares, an increase of 34.0% from the April 30th total of 10,640,000 shares. Based on an average trading volume of 604,600 shares, the days-to-cover ratio is currently 23.6 days.
View Fortis' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our FTS earnings forecast.

Fortis Inc. (NYSE:FTS) released its earnings results on Wednesday, May, 3rd. The utilities provider reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. The utilities provider earned $2.45 billion during the quarter, compared to analysts' expectations of $2.25 billion. Fortis had a trailing twelve-month return on equity of 6.63% and a net margin of 12.42%.

Fortis declared a quarterly dividend on Thursday, February 9th. Investors of record on Wednesday, May 17th will be paid a dividend of $0.565 per share on Thursday, June 1st. This represents a $2.26 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for FTS.

ETFs with the largest weight of Fortis (NYSE:FTS) stock in their portfolio include iShares U.S. Infrastructure ETF (IFRA).BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD).

Fortis (NYSE:FTS) pays an annual dividend of $1.68 per share and currently has a dividend yield of 3.98%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.68%. 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 73.68% 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 variety of retail and institutional investors. Top institutional shareholders include FIL Ltd (3.18%), GQG Partners LLC (2.73%), Toronto Dominion Bank (2.28%), 1832 Asset Management L.P. (1.97%), Scotia Capital Inc. (1.51%) and Mackenzie Financial Corp (1.21%).

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 $42.93.

Fortis (NYSE:FTS) has a market capitalization of $20.80 billion and generates $8.49 billion in revenue each year. The utilities provider earns $1.07 billion in net income (profit) each year or $2.22 on an earnings per share basis.

The company employs 9,200 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.