Fortis Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating 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.

Wall Street analysts have given Fortis a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fortis wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Fortis saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 2,510,000 shares, an increase of 15.7% from the July 29th total of 2,170,000 shares. Based on an average daily trading volume, of 325,800 shares, the short-interest ratio is presently 7.7 days. Approximately 0.5% of the shares of the stock are sold short.
View Fortis' Short Interest.

Fortis is scheduled to release its next quarterly earnings announcement on Friday, October 29th 2021.
View our earnings forecast for Fortis.

Fortis will be holding an earnings conference call on Friday, October 29th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Fortis Inc. (NYSE:FTS) released its earnings results on Thursday, July, 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.48 by $0.03. The utilities provider earned $1.73 billion during the quarter, compared to analysts' expectations of $1.56 billion. Fortis had a trailing twelve-month return on equity of 6.56% and a net margin of 13.45%.
View Fortis' earnings history.

Fortis' stock was trading at $38.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FTS shares have increased by 17.9% and is now trading at $45.56.
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Fortis announced a quarterly dividend on Friday, July 30th. Investors of record on Thursday, August 19th will be paid a dividend of $0.4059 per share on Wednesday, September 1st. This represents a $1.62 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, August 18th. This is an increase from Fortis's previous quarterly dividend of $0.40.
View Fortis' dividend history.

Fortis pays an annual dividend of $1.58 per share and currently has a dividend yield of 3.51%. The dividend payout ratio of Fortis is 79.80%. 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 67.23% next year. This indicates that Fortis will be able to sustain or increase its dividend.
View Fortis' dividend history.

8 brokers have issued 12 month price targets for Fortis' stock. Their forecasts range from $51.00 to $61.00. On average, they expect Fortis' share price to reach $58.00 in the next year. This suggests a possible upside of 27.3% from the stock's current price.
View analysts' price targets for Fortis or view top-rated stocks among Wall Street analysts.

Some companies that are related to Fortis include Enel (ENLAY), The Southern (SO), Dominion Energy (D), American Electric Power (AEP), Eversource Energy (ES), CLP (CLPHY), SSE (SSEZY), Edison International (EIX), DTE Energy (DTE), PPL (PPL), Entergy (ETR), EDP - Energias de Portugal (EDPFY), FirstEnergy (FE), Avangrid (AGR) and CenterPoint Energy (CNP).
View all of FTS's competitors.

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).

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

Fortis' stock is owned by a number of retail and institutional investors. Top institutional shareholders include 1832 Asset Management L.P. (3.25%), Vanguard Group Inc. (3.14%), Toronto Dominion Bank (2.22%), Toronto Dominion Bank (2.00%), Mackenzie Financial Corp (1.51%) and Bank of Nova Scotia (1.47%).

FTS stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Mackenzie Financial Corp, CIBC Asset Management Inc, 1832 Asset Management L.P., Credit Suisse AG, Addenda Capital Inc., Toronto Dominion Bank, and Public Sector Pension Investment Board.

FTS stock was acquired by a variety of institutional investors in the last quarter, including QV Investors Inc., Toronto Dominion Bank, Canada Pension Plan Investment Board, Bank of Nova Scotia, Invesco Ltd., Prudential PLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Scotia Capital Inc..

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.
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One share of FTS stock can currently be purchased for approximately $45.56.

Fortis has a market capitalization of $21.47 billion and generates $6.86 billion in revenue each year. The utilities provider earns $951.04 million in net income (profit) each year or $1.98 on an earnings per share basis.

Fortis employs 8,961 workers across the globe.

The official website for Fortis is www.fortisinc.com.

Fortis is headquartered at 5 SPRINGDALE STREET FORTIS PLACE SUITE 1100, ST. JOHN`S A4, A1E 0E4.

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].