Fortis - FTS Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 twelve-month price objectives for Fortis' shares. Their FTS share price forecasts range from $56.00 to $63.00. On average, they anticipate the company's stock price to reach $58.71 in the next twelve months. This suggests a possible upside of 45.7% 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 $48.27 at the beginning of the year. Since then, FTS stock has decreased by 16.5% and is now trading at $40.29.
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Fortis saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 15,250,000 shares, an increase of 18.6% from the October 31st total of 12,860,000 shares. Based on an average trading volume of 883,200 shares, the days-to-cover ratio is presently 17.3 days.
View Fortis' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our FTS earnings forecast.

Fortis Inc. (NYSE:FTS) announced its earnings results on Friday, October, 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.04. The utilities provider earned $1.96 billion during the quarter, compared to analysts' expectations of $1.69 billion. Fortis had a net margin of 12.47% and a trailing twelve-month return on equity of 6.48%.

Fortis announced a quarterly dividend on Thursday, November 17th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.415 per share on Wednesday, March 1st. This represents a $1.66 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Tuesday, February 14th. This is a positive change from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for FTS.

Fortis (NYSE:FTS) pays an annual dividend of $1.69 per share and currently has a dividend yield of 4.29%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 80.10%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, FTS will have a dividend payout ratio of 77.52% in the coming year. This indicates that the company may not be able to sustain their current 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.72%), Toronto Dominion Bank (2.61%), TD Asset Management Inc. (2.20%), Beutel Goodman & Co Ltd. (1.65%), Mackenzie Financial Corp (1.12%) and The Manufacturers Life Insurance Company (0.88%).

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 $40.29.

Fortis (NYSE:FTS) has a market capitalization of $19.35 billion and generates $7.54 billion in revenue each year. The utilities provider earns $1.03 billion in net income (profit) each year or $2.11 on an earnings per share basis.

The company employs 9,095 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.