TSE:FTS

Fortis Stock Forecast, Price & News

C$57.49
-0.53 (-0.91 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
C$57.26
C$57.84
50-Day Range
C$55.44
C$58.79
52-Week Range
C$48.97
C$59.25
Volume3.34 million shs
Average Volume1.58 million shs
Market CapitalizationC$27.09 billion
P/E Ratio21.82
Dividend Yield3.48%
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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Fortis logo

About Fortis

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 433,000 retail customers in southeastern Arizona; and 98,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,233 megawatts (MW), including 59 MW of solar 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 1,048,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 572,000 customers in southern and central Alberta; owns 4 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 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 67,000 customers in Ontario; approximately 270,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos. The company 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 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

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MarketRank

Overall MarketRank

1.55 out of 5 stars

Analyst Opinion: 2.0Community Rank: 4.9Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
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Fortis (TSE:FTS) Frequently Asked Questions

Is Fortis a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 7 hold ratings 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.

What stocks does MarketBeat like better than Fortis?

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.
View MarketBeat's top stock picks here.

When is Fortis' next earnings date?

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

How were Fortis' earnings last quarter?

Fortis Inc. (TSE:FTS) announced its quarterly earnings data on Friday, November, 2nd. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $2.14 billion.
View Fortis' earnings history
.

How has Fortis' stock price been impacted by Coronavirus (COVID-19)?

Fortis' stock was trading at C$53.07 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FTS stock has increased by 8.3% and is now trading at C$57.49.
View which stocks have been most impacted by COVID-19
.

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

Fortis announced a quarterly dividend on Wednesday, August 18th. Shareholders of record on Wednesday, September 1st will be given a dividend of 0.505 per share on Wednesday, September 1st. This represents a $2.02 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Wednesday, August 18th.
View Fortis' dividend history
.

Is Fortis a good dividend stock?

Fortis pays an annual dividend of C$1.99 per share and currently has a dividend yield of 3.48%. The dividend payout ratio of Fortis is 75.62%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Fortis' dividend history.

What price target have analysts set for FTS?

7 brokerages have issued twelve-month target prices for Fortis' shares. Their forecasts range from C$57.00 to C$60.00. On average, they anticipate Fortis' share price to reach C$58.67 in the next twelve months. This suggests a possible upside of 2.0% from the stock's current price.
View analysts' price targets for Fortis
or view top-rated stocks among Wall Street analysts.

Who are Fortis' key executives?

Fortis' management team includes the following people:
  • Mr. David Gerard Hutchens, Pres, CEO & Director (Age 54, Pay $3.28M)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. & CTO (Age 65, Pay $2.3M)
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 59, Pay $1.61M)
  • Mr. Ronald J. Hinsley, Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo, VP of Investor Relations
  • Mr. James R. Reid, Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Karen M. McCarthy BPR, M.Ed, VP of Communications & Corp. Affairs
  • Mr. Regan P. O'Dea, VP & Corp. Gen. Counsel
  • Mr. Gary J. Smith, Exec. VP of Eastern Canadian & Caribbean Operations (Age 59)

Who are some of Fortis' key competitors?

What other stocks do shareholders of Fortis own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortis investors own include Enbridge (ENB), The Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD), TELUS (T), BCE (BCE), Bank of Montreal (BMO), Emera (EMA), TC Energy (TRP) and Canadian National Railway (CNR).

What is Fortis' stock symbol?

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

How do I buy shares of Fortis?

Shares of FTS and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Fortis' stock price today?

One share of FTS stock can currently be purchased for approximately C$57.49.

How much money does Fortis make?

Fortis has a market capitalization of C$27.09 billion and generates C$9.14 billion in revenue each year.

How many employees does Fortis have?

Fortis employs 8,961 workers across the globe.

What is Fortis' official website?

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

Where are Fortis' headquarters?

How can I contact Fortis?

Fortis' mailing address is 5 Fortis Place Suite 1100, Stn a PO Box 8837, ST. JOHNS, NL A1B 3T2, Canada. The company can be reached via phone at +1-709-7372800.


This page was last updated on 9/18/2021 by MarketBeat.com Staff
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