NYSE:FTS Fortis (FTS) Stock Price, News & Analysis → Bigger Than NVIDIA? (From Behind the Markets) (Ad) Free FTS Stock Alerts $38.80 -0.29 (-0.74%) (As of 06/17/2024 ET) Add Compare Share Share Today's Range$38.64▼$39.0650-Day Range$37.14▼$41.1152-Week Range$36.30▼$43.84Volume606,628 shsAverage Volume790,261 shsMarket Capitalization$19.13 billionP/E Ratio16.72Dividend Yield4.41%Price Target$55.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSustainabilityTrends Get Fortis alerts: Email Address Fortis MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside42.1% Upside$55.13 Price TargetShort InterestHealthy1.96% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.20Upright™ Environmental ScoreNews Sentiment1.51Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth2.15%From $2.33 to $2.38 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.57 out of 5 starsUtilities Sector15th out of 88 stocksElectric Services Industry6th out of 42 stocks 3.0 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageFortis has received no research coverage in the past 90 days.Read more about Fortis' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.96% of the outstanding shares of Fortis have been sold short.Short Interest Ratio / Days to CoverFortis has a short interest ratio ("days to cover") of 14.1, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently decreased by 24.35%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.38%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFortis does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Fortis is 73.71%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Fortis will have a dividend payout ratio of 71.85% next year. This indicates that Fortis will be able to sustain or increase its dividend.Read more about Fortis' dividend. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFortis has received a 47.26% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Main electricity grid operation services for electricity produced by waste", "Local electricity grid operation services for electricity produced by waste", "Main electricity grid operation services for electricity produced by renewable energy sources", and "Local electricty grid operation services for electricty produced by renewable energy sources" products. See details.Environmental SustainabilityThe Environmental Impact score for Fortis is -3.20. Previous Next 3.1 News and Social Media Coverage News SentimentFortis has a news sentiment score of 1.51. 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 higher news sentiment than the 0.71 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Fortis this week, compared to 5 articles on an average week.Search InterestOnly 3 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -84% compared to the previous 30 days.MarketBeat Follows4 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Fortis insiders have not sold or bought any company stock.Percentage Held by Institutions57.77% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Fortis' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Fortis are expected to grow by 2.15% in the coming year, from $2.33 to $2.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 16.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 16.72, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.08.Price to Earnings Growth RatioFortis has a PEG Ratio of 2.80. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Fortis' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsThis Weight Loss Company Can't Make Enough ProductA tiny pharmaceutical company is getting overwhelmed by a massive demand for its new weight loss marvel. They recently reported over 25,000 Americans are starting their drug each week - a 4X increase since December!Get the name of the company and their stock ticker here >>> About Fortis Stock (NYSE:FTS)Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.Read More FTS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTS Stock News HeadlinesJune 5, 2024 | seekingalpha.comFortis: A Look At The Valuation On This Dividend AristocratMay 28, 2024 | msn.comFortis lines up Rs 1,300 crore capex to expand existing hospitalsMay 27, 2024 | msn.comPassive Income: How Much to Invest to Get $5,000 Each YearMay 24, 2024 | investorplace.comPower Plays: 3 Utility Stocks Getting a Charge From Wall StreetMay 22, 2024 | ca.finance.yahoo.com2 Dividend Stocks That Are Raising Their Payouts This YearMay 22, 2024 | msn.com2 No-Brainer TSX Stocks I’d Buy Right Now Without HesitationMay 21, 2024 | investorplace.com7 Dividend Kings to Buy for Royal Passive Income: May EditionMay 17, 2024 | bizjournals.comFortis buys Crystal City apartments, plans to hold rents down even after renovationMay 17, 2024 | investorplace.com4 Stocks to Sell Before El Nino Batters Your PortfolioMay 15, 2024 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser H flat on Tuesday (FTS-PR-H)May 3, 2024 | msn.comHow Much Will Fortis Pay in Dividends This Year?May 2, 2024 | globenewswire.comFortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity PlanMay 2, 2024 | finance.yahoo.comFortis First Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagMay 2, 2024 | gurufocus.comQ1 2024 Fortis Inc Earnings Call TranscriptMay 1, 2024 | msn.comFortis reports $459M Q1 profit, up from $437M a year agoMay 1, 2024 | theglobeandmail.comFortis reports $459-million first-quarter profit, up from $437-million a year agoMay 1, 2024 | seekingalpha.comFortis Inc. 2024 Q1 - Results - Earnings Call PresentationMay 1, 2024 | globenewswire.comFortis Inc. Releases First Quarter 2024 ResultsApril 26, 2024 | msn.comApollo, Fortis, Max Healthcare share prices rise 42-84% in a year: Should you Buy, Sell or Hold? Here's what experts sayApril 24, 2024 | globenewswire.comAdvisory: Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2April 18, 2024 | finance.yahoo.comTaking A Look At Fortis Inc.'s (TSE:FTS) ROEApril 18, 2024 | venturebeat.comFortis adds former WB Games, EA employees to leadership teamApril 10, 2024 | finance.yahoo.comFortis Capital Advisors Announces Acquisition of ClearPath Financial, LLCApril 10, 2024 | msn.comShould You Contribute to Your RRSP or TFSA First?April 10, 2024 | msn.comBehind Fortis Healthcare's ambitious new journey to solidify its position in India's healthcare industrySee More Headlines Receive FTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/01/2024Ex-Dividend for 6/1 Dividend5/16/2024Dividend Payable6/01/2024Today6/17/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Electric services Sub-IndustryN/A Current SymbolNYSE:FTS CUSIPN/A CIK1058084 Webwww.fortisinc.com Phone(709) 737-2800Fax709-737-5307Employees9,600Year FoundedN/APrice Target and Rating Average Stock Price Target$55.13 High Stock Price Target$62.00 Low Stock Price Target$37.00 Potential Upside/Downside+42.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.32 Trailing P/E Ratio16.72 Forward P/E Ratio16.64 P/E Growth2.8Net Income$1.17 billion Net Margins13.66% Pretax Margin18.55% Return on Equity7.02% Return on Assets2.33% Debt Debt-to-Equity Ratio1.24 Current Ratio0.60 Quick Ratio0.52 Sales & Book Value Annual Sales$8.53 billion Price / Sales2.24 Cash Flow$4.91 per share Price / Cash Flow7.90 Book Value$32.78 per share Price / Book1.18Miscellaneous Outstanding Shares493,020,000Free FloatN/AMarket Cap$19.12 billion OptionableOptionable Beta0.46 Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. David Gerard Hutchens (Age 57)President, CEO & Director Comp: $4.43MMs. Jocelyn H. Perry (Age 53)Executive VP & CFO Comp: $1.56MMr. Gary J. Smith (Age 62)Executive Vice President of Operations & Innovation Comp: $1.36MMr. James R. ReidExecutive VP of Sustainability & Chief Legal OfficerMr. Stuart R. Lochray (Age 51)Senior Vice President of Capital Markets & Business Development Comp: $900.78kMr. Kevin D. WoodburyVice President of Innovation & TechnologyMs. Keri L. GlitchChief Information Officer & VPMs. Stephanie A. AmaimoVice President of Investor RelationsMs. Karen M. McCarthy BPRM.Ed, Vice President of Communications and Government RelationsMs. Tanya Nicole FinlayVice President of People & CultureMore ExecutivesKey CompetitorsConstellation EnergyNASDAQ:CEGAmerican Electric PowerNASDAQ:AEPDominion EnergyNYSE:DVistraNYSE:VSTEdison InternationalNYSE:EIXView All CompetitorsInstitutional OwnershipEverSource Wealth Advisors LLCBought 368 shares on 6/11/2024Ownership: 0.000%DekaBank Deutsche GirozentraleBought 30,103 shares on 6/4/2024Ownership: 0.061%Cetera Advisors LLCBought 5,989 shares on 5/24/2024Ownership: 0.001%Walleye Trading LLCBought 19,179 shares on 5/17/2024Ownership: 0.004%Silvercrest Asset Management Group LLCSold 601 shares on 5/16/2024Ownership: 0.001%View All Institutional Transactions Should I Buy Fortis Stock? FTS Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Fortis Inc.: Fortis Inc. has a stable stock price performance, with a 12-month low of $36.30 and a high of $43.84, providing a relatively consistent trading range for investors. The company has a strong market capitalization of $20.17 billion, indicating its size and stability in the market. Fortis Inc. has a reasonable Price-to-Earnings (P/E) ratio of 17.64, suggesting that the stock may be undervalued compared to its earnings potential. With a beta of 0.42, Fortis Inc. is less volatile than the market average, making it a potentially safer investment option for risk-averse investors. Institutional investors, including reputable firms like TD Asset Management Inc. and Vanguard Group Inc., have been increasing their stakes in Fortis Inc., indicating confidence in the company's future prospects. Cons Investors should be bearish about investing in Fortis Inc. for these reasons: Fortis Inc. recently experienced a downgrade from "hold" to "sell" by StockNews.com, signaling potential concerns about the company's performance. Analysts have given Fortis Inc. an average rating of "Hold," indicating a lack of strong buy recommendations from experts in the field. The company's debt-to-equity ratio of 1.24 may raise concerns about its financial leverage and ability to manage debt obligations. Fortis Inc.'s current ratio of 0.60 suggests a relatively low liquidity position, which could pose challenges in meeting short-term financial obligations. Despite some institutional investors increasing their stakes, there have been sell ratings on the stock, implying mixed sentiments about the company's future performance. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 1, 2024. Please send any questions or comments about these Fortis pros and cons to contact@marketbeat.com. FTS Stock Analysis - 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 target for 2024? 4 Wall Street analysts have issued twelve-month target prices for Fortis' shares. Their FTS share price targets range from $37.00 to $62.00. On average, they expect the company's share price to reach $55.13 in the next year. This suggests a possible upside of 42.1% 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 2024? Fortis' stock was trading at $41.13 on January 1st, 2024. Since then, FTS shares have decreased by 5.7% and is now trading at $38.80. View the best growth stocks for 2024 here. Are investors shorting Fortis? Fortis saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 9,660,000 shares, a drop of 24.4% from the May 15th total of 12,770,000 shares. Based on an average daily trading volume, of 682,900 shares, the days-to-cover ratio is presently 14.1 days. View Fortis' Short Interest. When is Fortis' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our FTS earnings forecast. How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) issued its earnings results on Wednesday, May, 1st. The utilities provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The utilities provider had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.43 billion. Fortis had a net margin of 13.66% and a trailing twelve-month return on equity of 7.02%. How often does Fortis pay dividends? What is the dividend yield for Fortis? Fortis declared a quarterly dividend on Monday, February 12th. Investors of record on Friday, May 17th will be paid a dividend of $0.4382 per share on Saturday, June 1st. This represents a $1.75 annualized dividend and a yield of 4.52%. The ex-dividend date is Thursday, May 16th. This is a boost from the stock's previous quarterly dividend of $0.44. Read our dividend analysis for FTS. Is Fortis a good dividend stock? Fortis (NYSE:FTS) pays an annual dividend of $1.71 per share and currently has a dividend yield of 4.38%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FTS will have a dividend payout ratio of 71.85% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for FTS. What ETFs hold Fortis' stock? ETFs with the largest weight of Fortis (NYSE:FTS) stock in their portfolio include Invesco International Dividend Achievers ETF (PID), DJ Brookfield Global Infrastructure ETF (TOLZ), Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN), iShares Global Utilities ETF (JXI), VictoryShares International High Div Volatility Wtd ETF (CID), First Trust EIP Carbon Impact ETF (ECLN), SPDR S&P International Dividend ETF (DWX) and Franklin FTSE Canada ETF (FLCA). What other stocks do shareholders of Fortis own? Based on aggregate information from My MarketBeat watchlists, some companies that other Fortis investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Micron Technology (MU), NIC (EGOV), Accenture (ACN), Workday (WDAY). Who are Fortis' major shareholders? Fortis' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.07%), TD Asset Management Inc (2.41%), 1832 Asset Management L.P. (1.85%), Toronto Dominion Bank (1.45%), National Bank of Canada FI (1.08%) and Clearbridge Investments LLC (0.62%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:FTS) was last updated on 6/18/2024 by MarketBeat.com Staff From Our PartnersBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... 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