Fortis (FTS) Stock Price, News & Analysis

Company Overview

Fortis Inc. (NYSE: FTS) is a regulated electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador, Canada. Through its operating utilities, the company generates, transmits and distributes electricity and provides natural gas distribution services to residential, commercial and industrial customers.

Fortis operates a portfolio of utility businesses across Canada, the United States and the Caribbean. Its regulated operations include electric utilities in several Canadian provinces, U.S. states and the Caribbean, as well as natural gas utilities serving customers in Canada and the United States. The company’s activities are primarily focused on regulated infrastructure, including power generation, electricity transmission and distribution, and gas distribution.

The company traces its history to 1880 and has expanded through the development and acquisition of regulated utility businesses. Fortis is led by President and Chief Executive Officer David Hutchens.

Key Stats

• Today's Range: $53.12 to $54.02
• 50-Day Range: $52.60 to $56.68
• 52-Week Range: $49.60 to $59.40
• Volume: 440,170 shs
• Average Volume: 818,736 shs
• Market Capitalization: $27.87 billion
• P/E Ratio: 21.87
• Dividend Yield: 3.37%
• Price Target: $65.00
• Consensus Rating: Hold

Fortis Stock Analysis - MarketRank™

Fortis scored higher than 88% of companies evaluated by MarketBeat, and ranked 33rd out of 96 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Hold

Consensus Rating

Fortis has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on no strong buy ratings, 3 buy ratings, 5 hold ratings, and no sell ratings.

Upside Potential

Fortis has a consensus price target of $65.00, representing about 20.9% upside from its current price of $53.76.

Amount of Analyst Coverage

Fortis has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.20%

Earnings Growth

Earnings for Fortis are expected to grow by 6.20% in the coming year, from $2.58 to $2.74 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortis is 21.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortis is 21.78, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 24.15.

Price to Book Value per Share Ratio

Fortis has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.64% of the float of Fortis has been sold short.

Short Interest Ratio / Days to Cover

Fortis has a short interest ratio ("days to cover") of 15.93, which indicates bearish sentiment.

Change versus previous month

Short interest in Fortis has recently decreased by 5.11%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Fortis pays a meaningful dividend of 3.42%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Fortis has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Fortis is 73.68%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Fortis will have a dividend payout ratio of 66.42% next year. This indicates that Fortis will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.26

News Sentiment

Fortis has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Fortis this week, compared to 5 articles on an average week.

Search Interest

15 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

MarketBeat Follows

5 people have added Fortis to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Fortis insiders have not sold or bought any company stock.

Percentage Held by Institutions

57.77% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 7/31/2026
• Record date for 9/1 Dividend: 8/19/2026
• Ex-Dividend for 9/1 Dividend: 8/19/2026
• Dividend Payable: 9/01/2026
• Today: 10/13/2026
• Next Earnings (Estimated): 11/03/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric Utilities
• Sub-Industry: Electric Utilities
• Current Symbol: NYSE:FTS
• CIK: 1666175
• Web: www.fortisinc.com
• Phone: (709) 737-2800
• Fax: 709-737-5307
• Employees: 9,926
• Year Founded: 2006

Price Target and Rating

• Average Price Target for Fortis: $65.00
• High Price Target: $89.00
• Low Price Target: $50.00
• Potential Upside/Downside: +20.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.47
• Trailing P/E Ratio: 21.84
• Forward P/E Ratio: 20.91
• P/E Growth: N/A
• Net Income: $1.29 billion
• Net Margins: 14.17%
• Pretax Margin: 19.08%
• Return on Equity: 7.16%
• Return on Assets: 2.34%

Debt

• Debt-to-Equity Ratio: 1.27
• Current Ratio: 0.56
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: $8.71 billion
• Price / Sales: 3.20
• Cash Flow: $5.47 per share
• Price / Cash Flow: 9.86
• Book Value: $34.20 per share
• Price / Book: 1.58

Miscellaneous

• Outstanding Shares: 515,830,000
• Free Float: N/A
• Market Cap: $27.83 billion
• Optionable: Optionable
• Beta: 0.42