NYSE:FTS - Fortis Stock Price, Forecast & News

Fortis trades on the New York Stock Exchange (NYSE) under the ticker symbol "FTS."

Fortis announced a quarterly dividend on Thursday, February 13th. Investors of record on Friday, May 15th will be given a dividend of $0.3593 per share on Monday, June 1st. This represents a $1.44 annualized dividend and a yield of 3.26%. The ex-dividend date is Thursday, May 14th. View Fortis' Dividend History.

Fortis Inc (NYSE:FTS) released its quarterly earnings data on Thursday, February, 13th. The utilities provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.46 by $0.16. The utilities provider earned $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm earned $0.56 earnings per share. View Fortis' Earnings History.

Fortis is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Fortis.

11 Wall Street analysts have issued 12-month target prices for Fortis' stock. Their forecasts range from $53.00 to $64.00. On average, they anticipate Fortis' share price to reach $57.71 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price. View Analyst Price Targets for Fortis.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortis.

News articles about FTS stock have been trending somewhat positive recently, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Fortis earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Fortis.

Fortis saw a increase in short interest in January. As of January 31st, there was short interest totalling 3,400,000 shares, an increase of 12.2% from the January 15th total of 3,030,000 shares. Based on an average trading volume of 415,900 shares, the days-to-cover ratio is currently 8.2 days. Currently, 0.8% of the shares of the company are sold short. View Fortis' Current Options Chain.

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), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Allergan (AGN), Micron Technology (MU) and AutoZone (AZO).

Fortis' stock is owned by a variety of of retail and institutional investors. Top institutional investors include TD Asset Management Inc. (2.59%), FIL Ltd (2.57%), Toronto Dominion Bank (1.96%), CIBC World Markets Inc. (1.87%), Caisse DE Depot ET Placement DU Quebec (1.01%) and Renaissance Technologies LLC (0.94%).

FTS stock was sold by a variety of institutional investors in the last quarter, including GQG Partners LLC, FIL Ltd, Russell Investments Group Ltd., QV Investors Inc., Acadian Asset Management LLC, Ferguson Wellman Capital Management Inc., Guardian Capital LP and Kayne Anderson Rudnick Investment Management LLC.

FTS stock was bought by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Highstreet Asset Management Inc., Connor Clark & Lunn Investment Management Ltd., Value Partner Investments Inc., Renaissance Technologies LLC, Bank of America Corp DE, Montrusco Bolton Investments Inc. and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

Shares of FTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of FTS stock can currently be purchased for approximately $44.03.