Fortis Company Profile (TSE:FTS)

About Fortis (TSE:FTS)

Fortis logoFortis Inc. is a Canada-based electric and gas utility holding company. The Company's segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Energy Inc. (FortisBC Energy), FortisBC Inc. (FortisBC Electric) and Newfoundland Power Inc. (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: TSE:FTS
  • CUSIP: N/A
  • Web: N/A
Capitalization:
  • Market Cap: C$18.41 billion
  • Outstanding Shares: 416,000,000
Average Prices:
  • 50 Day Moving Avg: C$44.30
  • 200 Day Moving Avg: C$42.40
  • 52 Week Range: C$39.58 - C$45.13
P/E:
  • Trailing P/E Ratio: 21.05
  • P/E Growth: 3.03
Sales & Book Value:
  • Annual Revenue: C$7.34 billion
  • Price / Sales: 2.51
  • Book Value: C$32.70 per share
  • Price / Book: 1.35
Dividend:
  • Dividend Yield: 3.6%
Profitability:
  • EBIDTA: C$2.88 billion
Misc:
  • Average Volume: 976,121 shs.
  • Short Ratio: 7.21
 

Frequently Asked Questions for Fortis (TSE:FTS)

What is Fortis' stock symbol?

Fortis trades on the Tornton Stock Exchange (TSX) under the ticker symbol "FTS."

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

Fortis announced a quarterly dividend on Wednesday, February 15th. Investors of record on Friday, May 19th will be paid a dividend of 0.40 per share on Thursday, June 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, May 17th. View Fortis' Dividend History.

How were Fortis' earnings last quarter?

Fortis Inc (TSE:FTS) posted its quarterly earnings data on Friday, July, 31st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.08. The business had revenue of $1.54 billion for the quarter. View Fortis' Earnings History.

When will Fortis make its next earnings announcement?

Fortis is scheduled to release their next quarterly earnings announcement on Friday, July, 28th 2017. View Earnings Estimates for Fortis.

Where is Fortis' stock going? Where will Fortis' stock price be in 2017?

7 brokers have issued twelve-month price objectives for Fortis' shares. Their predictions range from C$44.00 to C$52.00. On average, they expect Fortis' stock price to reach C$48.10 in the next year. View Analyst Ratings for Fortis.

Who are some of Fortis' key competitors?

How do I buy Fortis stock?

Shares of Fortis and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

How much does a share of Fortis stock cost?

One share of Fortis stock can currently be purchased for approximately C$44.25.

Analyst Ratings

Consensus Ratings for Fortis (TSE:FTS) (?)
Ratings Breakdown: 1 Hold Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: C$48.10

Analysts' Ratings History for Fortis (TSE:FTS)
Show:
DateFirmActionRatingPrice TargetDetails
5/3/2017ScotiabankReiterated RatingOutperformC$49.00View Rating Details
5/3/2017TD SecuritiesReiterated RatingBuyC$48.00View Rating Details
5/3/2017CIBCLower Price TargetC$48.00 -> C$47.00View Rating Details
3/29/2017Barclays PLCReiterated RatingOverweightC$48.00View Rating Details
2/27/2017JPMorgan Chase & Co.Reiterated RatingNeutralC$44.00View Rating Details
2/17/2017DesjardinsBoost Price TargetBuyC$46.00 -> C$48.00View Rating Details
1/24/2017Royal Bank of CanadaReiterated RatingOutperformC$52.00View Rating Details
1/17/2017Raymond James Financial, Inc.DowngradeOutperform -> Mkt PerformView Rating Details
7/25/2016CSFBBoost Price TargetC$42.00 -> C$46.00View Rating Details
7/7/2016BMO Capital MarketsBoost Price TargetC$46.00 -> C$49.00View Rating Details
2/10/2016Credit Suisse Group AGDowngradeNeutralC$42.00View Rating Details
11/9/2015National Bank FinancialReiterated RatingSector PerformC$43.00View Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for Fortis (TSE:FTS)
Earnings by Quarter for Fortis (TSE:FTS)
Earnings History by Quarter for Fortis (TSE:FTS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/28/2017        
7/31/2015Q2$0.44$0.36$1.54 billionViewListenView Earnings Details
8/1/2014$0.26$0.22$1.06 billionViewN/AView Earnings Details
5/8/2014$0.65$0.64$1.46 billionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Fortis (TSE:FTS)
2017 EPS Consensus Estimate: $2.51
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.72$0.73$0.73
Q2 20172$0.60$0.61$0.61
Q3 20171$0.54$0.54$0.54
Q4 20171$0.64$0.64$0.64
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Fortis (TSE:FTS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/15/2017quarterly$0.403.62%5/17/20175/19/20176/1/2017
2/14/2017Quarterly$0.403.9%2/14/20173/1/20173/1/2017
9/27/2016quarterly$0.403.7%11/16/201611/18/201612/1/2016
7/28/2016quarterly$0.383.47%8/17/20168/19/20169/1/2016
2/17/2016quarterly$0.383.85%5/16/20165/18/20166/1/2016
12/16/2015quarterly$0.383.85%2/12/20162/17/20163/1/2016
9/29/2015quarterly$0.383.84%11/16/201511/18/201512/1/2015
5/6/2015quarterly$0.343.72%8/17/20158/19/20159/1/2015
2/18/2015quarterly$0.343.42%5/15/20155/19/20156/1/2015
12/17/2014quarterly$0.343.28%2/12/20152/17/20153/1/2015
10/22/2014Quarterly$0.323.7%10/22/201412/1/201412/1/2014
8/13/2014Quarterly$0.323.79%8/13/20149/1/20149/1/2014
3/13/2014quarterly$0.323.98%5/14/20145/16/20146/1/2014
12/9/2013quarterly$0.324.28%2/12/20142/14/20143/1/2014
3/20/2013quarterly$0.315/17/20136/1/2013
12/11/2012quarterly$0.312/14/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Fortis (TSE:FTS)
Insider Trades by Quarter for Fortis (TSE:FTS)
Insider Trades by Quarter for Fortis (TSE:FTS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/8/2016David BennettInsiderSell11,815C$44.01C$519,978.15
7/7/2016Michael A MulcahyDirectorSell100C$44.40C$4,440.00
4/7/2016Karen J GosseInsiderBuy100C$40.00C$4,000.00
3/22/2016Nora DukeInsiderSell28,096C$40.25C$1,130,864.00
3/8/2016Nora DukeInsiderSell13,470C$40.00C$538,800.00
2/29/2016Christopher F ScottDirectorBuy400C$37.77C$15,108.00
2/24/2016Barry PerryDirectorBuy385C$37.95C$14,610.75
10/21/2015Karl W SmithInsiderSell32,280C$39.36C$1,270,605.36
10/20/2015James SpinneyInsiderSell27,103C$39.00C$1,057,017.00
10/7/2015Jamie RobertsDirectorSell8,373C$38.60C$323,206.17
9/10/2015Tracey Colleen BallDirectorBuy4,600C$34.90C$160,540.00
9/3/2015David Gerard HutchensDirectorBuy8,888C$26.70C$237,308.71
4/10/2015Michael A MulcahyDirectorSell1,647C$39.46C$64,990.62
3/26/2015Earl LudlowInsiderSell34,706C$39.73C$1,378,973.50
3/2/2015James SpinneyInsiderBuy1,413C$0.00C$0.00
1/20/2015Michael Arnold PaveyDirectorSell12,000C$40.02C$480,247.20
11/27/2014David BennettInsiderSell23,694C$39.14C$927,442.40
11/27/2014David NorrisDirectorSell7,352C$39.06C$287,175.00
11/25/2014Karl W SmithInsiderSell4,000C$38.86C$155,450.00
11/24/2014Karl W SmithInsiderSell6,300C$38.87C$244,886.67
11/12/2014Karl W SmithInsiderSell40,748C$37.75C$1,538,237.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Fortis (TSE:FTS)
Latest Headlines for Fortis (TSE:FTS)
Source:
DateHeadline
fool.ca logo3 Utility Stocks for Your Portfolio
www.fool.ca - May 26 at 6:00 PM
fool.ca logoWhy Fortis Inc. Is a Great Long-Term Investment
www.fool.ca - May 20 at 10:14 AM
americanbankingnews.com logoFortis Inc (FTS) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - May 19 at 11:06 PM
finance.yahoo.com logoFortis, Inc. (Canada) – Value Analysis (TORONTO:FTS) : May 19, 2017
finance.yahoo.com - May 19 at 5:07 PM
finance.yahoo.com logoFortis, Inc. (Canada) : FTS-CA: Dividend Analysis : May 19th, 2017 (record date) : By the numbers : May 18, 2017
finance.yahoo.com - May 19 at 9:04 AM
finance.yahoo.com logoFortis, Inc. (Canada) breached its 50 day moving average in a Bearish Manner : FTS-CA : May 18, 2017
finance.yahoo.com - May 18 at 10:00 AM
nasdaq.com logoFortis' Preference Shares, Series J Cross 5% Yield Mark
www.nasdaq.com - May 17 at 5:19 PM
nasdaq.com logoFortis Inc. (FTS) Ex-Dividend Date Scheduled for May 17, 2017 - Nasdaq
www.nasdaq.com - May 16 at 5:15 PM
rttnews.com logoTSX Rallies As Crude Approaches $50 -- Canadian Commentary
www.rttnews.com - May 15 at 4:56 PM
fool.ca logoIncome Investors: Does Fortis Inc. Deserve to Be a Top TFSA Pick?
www.fool.ca - May 15 at 4:56 PM
finance.yahoo.com logoEdited Transcript of FTS.TO earnings conference call or presentation 2-May-17 12:30pm GMT
finance.yahoo.com - May 9 at 11:03 AM
americanbankingnews.com logoFortis Inc (FTS) Forecasted to Post FY2017 Earnings of $2.54 Per Share
www.americanbankingnews.com - May 8 at 9:41 AM
americanbankingnews.com logoFortis Inc (FTS) Given New C$47.00 Price Target at CIBC
www.americanbankingnews.com - May 7 at 11:14 PM
americanbankingnews.com logoFortis Inc (FTS) Rating Reiterated by TD Securities
www.americanbankingnews.com - May 7 at 11:14 PM
americanbankingnews.com logoFortis Inc (FTS) Stock Rating Reaffirmed by Scotiabank
www.americanbankingnews.com - May 7 at 11:14 PM
americanbankingnews.com logoEquities Analysts Issue Forecasts for Fortis Inc's FY2018 Earnings (FTS)
www.americanbankingnews.com - May 5 at 6:52 PM
finance.yahoo.com logoFortisAlberta Inc. announces appointment of Karl Bomhof as new President and Chief Executive Officer
finance.yahoo.com - May 3 at 5:07 PM
marketbeat.com logoFortis posts 1Q profit
marketbeat.com - May 2 at 8:28 AM
americanbankingnews.com logoFortis Inc (FTS) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - April 27 at 2:54 PM
fool.ca logo3 Core Holdings With Massive Defensive Moats
www.fool.ca - April 21 at 11:38 AM
fool.ca logo2 Utilities With 3.6% Yields and Capital-Appreciation Potential
www.fool.ca - April 20 at 12:15 PM
nasdaq.com logoFortis' Preference Shares, Series F Crosses Above 5% Yield Territory
www.nasdaq.com - April 19 at 5:15 PM
fool.ca logoWant a 4% Yield With Massive Long-Term Upside?
www.fool.ca - April 18 at 11:33 AM
americanbankingnews.com logoFortis Inc (FTS) Given New C$49.00 Price Target at Scotiabank
www.americanbankingnews.com - April 17 at 3:46 PM
msn.com logoAmeren Corp's Subsidiary Files for Electric Rate Decrease
www.msn.com - April 17 at 11:24 AM
fool.ca logoIs Fortis Inc. Right for Your TFSA?
www.fool.ca - April 17 at 11:24 AM
finance.yahoo.com logoFortis Inc. to Hold Teleconference on May 2 to Discuss First Quarter 2017 Results and Hold Annual and Special Meeting on May 4
finance.yahoo.com - April 11 at 5:06 PM
americanbankingnews.com logoFortis Inc (FTS) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - March 30 at 2:04 PM
americanbankingnews.com logoFortis Inc (FTS) Earns Overweight Rating from Barclays PLC
www.americanbankingnews.com - March 29 at 11:41 AM
streetinsider.com logoBarclays Reinstates Fortis Inc. (FTS) at Overweight - StreetInsider.com - StreetInsider.com
www.streetinsider.com - March 28 at 11:44 AM
marketwatch.com logoFortisOntario Inc. Completes Transaction to Increase its Investment in Wataynikaneyap Power Transmission Project
www.marketwatch.com - March 10 at 6:28 PM
msn.com logo10 Top Canadian Dividend Stocks to Hold for Decades
www.msn.com - March 8 at 6:09 PM
fool.ca logoFortis Inc.: A Checklist Income Stock
www.fool.ca - February 28 at 5:29 PM
seekingalpha.com logoFortis' (FTS) CEO Barry Perry on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 16 at 10:17 PM
finance.yahoo.com logoEdited Transcript of FTS.TO earnings conference call or presentation 16-Feb-17 1:30pm GMT
finance.yahoo.com - February 16 at 10:17 PM
finance.yahoo.com logoEdited Transcript of FTS.TO earnings conference call or presentation 16-Feb-17 1:30pm GMT
finance.yahoo.com - February 16 at 10:17 PM
biz.yahoo.com logoQ4 2016 Fortis Inc Earnings Release - Before Market Open
biz.yahoo.com - February 16 at 5:16 PM
finance.yahoo.com logoFortis Inc. Files 2016 Year-End Disclosure Documents
finance.yahoo.com - February 16 at 5:16 PM
nasdaq.com logoFortis (FTS) Shares Cross Below 200 DMA - Nasdaq - Nasdaq
www.nasdaq.com - February 14 at 6:23 PM
finance.yahoo.com logoAdvisory: Fortis Inc. to Hold Teleconference on February 16 to Discuss 2016 Annual Results
finance.yahoo.com - February 14 at 6:23 PM
nasdaq.com logoFortis Inc. (FTS) Ex-Dividend Date Scheduled for February 14, 2017 - Nasdaq
www.nasdaq.com - February 13 at 11:13 AM
fool.ca logoWhy Is Fortis Inc. a Top Stock for Conservative Investors? - The Motley Fool Canada
www.fool.ca - February 9 at 3:57 AM
nasdaq.com logoFTS Crosses Above Key Moving Average Level - Nasdaq
www.nasdaq.com - January 20 at 6:38 PM
finance.yahoo.com logoFortis Inc. to Hold Teleconference on February 16 to Discuss 2016 Annual Results
finance.yahoo.com - January 20 at 6:38 PM

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Chart

Fortis (FTS) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff