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The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
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The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy's premier visits Libya for talks on energy, migration
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy's premier visits Libya for talks on energy, migration
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy's premier visits Libya for talks on energy, migration
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
Is This The End of Capitalism? (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
NYSE:FTS

Fortis - FTS Stock Forecast, Price & News

$41.12
-0.14 (-0.34%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$40.90
$41.28
50-Day Range
$39.36
$42.11
52-Week Range
$34.76
$51.66
Volume
399,021 shs
Average Volume
387,808 shs
Market Capitalization
$19.83 billion
P/E Ratio
19.49
Dividend Yield
4.12%
Price Target
$58.43

Fortis MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
40.4% Upside
$57.71 Price Target
Short Interest
Healthy
1.25% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.42mentions of Fortis in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.41%
From $2.02 to $2.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Utilities Sector

13th out of 85 stocks

Electric Services Industry

10th out of 42 stocks


FTS stock logo

About Fortis (NYSE:FTS) Stock

Fortis, Inc. is a holding company, which engages in energy generation and distribution. It operates through the following business segments: Regulated Utilities and Non-Regulated. The Regulated Utilities segment is composed of ITC, which contains mainly of the electric transmission operations of the ITC regulated operating subsidiaries; UNS Energy that offers vertically integrated utility services; Central Hudson, which provides regulated electric and gas T&D utility services; FortisBC Energy distributes natural gas in British Columbia; FortisAlberta, which involves in the ownership and operation of regulated electricity distribution facilities; FortisBC Electric includes the ownership of hydroelectric generating plants, high voltage transmission lines, and a large network of distribution assets; and Other Electric that contains utilities in the eastern Canada and Caribbean. The Non-Regulated segment consists of energy Infrastructure, which is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and a gas storage facility in British Columbia, and Corporate & Other includes expenses and revenue items not specifically related to business opera

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FTS Stock News Headlines

Fortis (NYSE:FTS) Price Target Raised to C$58.00 at Scotiabank
Fortis (NYSE:FTS) Given New C$58.00 Price Target at Scotiabank
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Read This Before Judging Fortis Inc.'s (TSE:FTS) ROE
Fortis' (TSE:FTS) Dividend Will Be Increased To CA$0.565
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
3 TSX Stocks That Are Great Long-Term Picks
3 Reasons to Buy Fortis (TSX:FTS) Now
See More Headlines
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FTS Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 12/1 Dividend
11/16/2022
Dividend Payable
12/01/2022
Today
1/29/2023
Next Earnings (Confirmed)
2/10/2023
Ex-Dividend for 3/1 Dividend
2/14/2023
Dividend Payable
3/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
9,095
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$57.71
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+42.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$1.03 billion
Pretax Margin
16.41%

Debt

Sales & Book Value

Annual Sales
$7.54 billion
Cash Flow
$4.48 per share
Book Value
$32.42 per share

Miscellaneous

Free Float
N/A
Market Cap
$19.83 billion
Optionable
Optionable
Beta
0.41

Key Executives

  • David G. Hutchens
    President, Chief Executive Officer & Director
  • Gary J. Smith
    Executive Vice President-Operations & Innovation
  • Jocelyn H. Perry
    Chief Financial Officer & Executive Vice President
  • Ron Hinsley
    Chief Information Officer & Vice President
  • Karen J. Gosse
    Vice President & Controller













FTS Stock - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 1 sell rating, 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.

What is Fortis' stock price forecast for 2023?

4 Wall Street research analysts have issued 12 month price targets for Fortis' shares. Their FTS share price forecasts range from $55.00 to $63.00. On average, they anticipate the company's stock price to reach $57.71 in the next twelve months. This suggests a possible upside of 40.4% from the stock's current price.
View analysts price targets for FTS
or view top-rated stocks among Wall Street analysts.

How have FTS shares performed in 2023?

Fortis' stock was trading at $40.04 at the start of the year. Since then, FTS shares have increased by 2.7% and is now trading at $41.12.
View the best growth stocks for 2023 here
.

Are investors shorting Fortis?

Fortis saw a decline in short interest in December. As of December 30th, there was short interest totaling 6,580,000 shares, a decline of 18.7% from the December 15th total of 8,090,000 shares. Based on an average trading volume of 773,100 shares, the days-to-cover ratio is presently 8.5 days.
View Fortis' Short Interest
.

When is Fortis' next earnings date?

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

How can I listen to Fortis' earnings call?

Fortis will be holding an earnings conference call on Friday, February 10th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8658 with passcode "760995#".

How were Fortis' earnings last quarter?

Fortis Inc. (NYSE:FTS) posted its earnings results on Thursday, October, 28th. The utilities provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.12. The utilities provider earned $1.74 billion during the quarter, compared to the consensus estimate of $2.19 billion. Fortis had a trailing twelve-month return on equity of 6.48% and a net margin of 12.47%. During the same period in the prior year, the business earned $0.49 EPS.

How often does Fortis pay dividends? What is the dividend yield for Fortis?

Fortis declared a quarterly dividend on Thursday, November 17th. Investors 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 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Tuesday, February 14th. This is a boost from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for FTS
.

Is Fortis a good dividend stock?

Fortis (NYSE:FTS) pays an annual dividend of $1.69 per share and currently has a dividend yield of 4.10%. 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 76.47% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FTS.

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), 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 variety of institutional and retail investors. Top institutional shareholders include National Bank of Canada FI (1.10%), QV Investors Inc. (0.19%), Montrusco Bolton Investments Inc. (0.09%), AMF Tjanstepension AB (0.05%), Maryland State Retirement & Pension System (0.03%) and Addenda Capital Inc. (0.03%).

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 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 $41.12.

How much money does Fortis make?

Fortis (NYSE:FTS) has a market capitalization of $19.83 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.

How many employees does Fortis have?

The company employs 9,095 workers across the globe.

How can I contact Fortis?

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.

This page (NYSE:FTS) was last updated on 1/29/2023 by MarketBeat.com Staff