TSE:FTS Fortis (FTS) Stock Forecast, Price & News C$51.59 -0.12 (-0.23%) (As of 09/29/2023 ET) Add Compare Share Share Today's RangeC$51.36▼C$52.1950-Day RangeC$51.55▼C$57.4052-Week RangeC$48.45▼C$62.00Volume1.21 million shsAverage Volume1.75 million shsMarket CapitalizationC$25.09 billionP/E Ratio17.43Dividend Yield4.57%Price TargetC$58.25 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial Media Fortis MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside12.9% UpsideC$58.25 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.56Based on 13 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.27 out of 5 stars 3.2 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$58.25, Fortis has a forecasted upside of 12.9% from its current price of C$51.59.Amount of Analyst CoverageFortis has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for FTS. Previous Next 1.7 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.46%, 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 79.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FTS. Previous Next 3.6 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.56. 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 0.43 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Fortis this week, compared to 3 articles on an average week.Search Interest21 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.MarketBeat Follows11 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 175% 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 InsidersOnly 0.08% of the stock of Fortis is held by insiders.Percentage Held by Institutions55.56% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 17.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.99.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 17.43, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 87.33.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 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Fortis (TSE:FTS) StockFortis 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 443,000 retail customers in southeastern Arizona; and 102,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,328 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 1,076,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 584,000 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 90 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 274,000 customers in Newfoundland and Labrador; approximately 33,000 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 90,200 circuit Kilometers (km) of distribution lines; and approximately 51,200 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.Read More FTS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTS Stock News HeadlinesSeptember 29, 2023 | ca.finance.yahoo.comWhy Fortis Stock Is a Hidden Gem Among Dividend KingsSeptember 28, 2023 | financialpost.comFortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 ResultsOctober 1, 2023 | Behind the Markets (Ad)AI Creates New Cancer Drug - In Just 30 Days!On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...September 28, 2023 | finance.yahoo.comFortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 ResultsSeptember 27, 2023 | americanbankingnews.comFortis Inc. (TSE:FTS) Receives Average Rating of "Hold" from AnalystsSeptember 25, 2023 | americanbankingnews.comFY2023 EPS Estimates for Fortis Inc. Boosted by Raymond James (TSE:FTS)September 25, 2023 | americanbankingnews.comBrokers Offer Predictions for Fortis Inc.'s FY2023 Earnings (TSE:FTS)September 23, 2023 | americanbankingnews.comFY2024 Earnings Forecast for Fortis Inc. Issued By National Bank Financial (TSE:FTS)October 1, 2023 | Behind the Markets (Ad)AI Creates New Cancer Drug - In Just 30 Days!On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...September 20, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser I up on Tuesday (FTS-PR-I)September 19, 2023 | msn.comFortis Inc. outlines ambitious C$25 billion capital plan for 2024-2028September 19, 2023 | msn.comFortis sets five-year C$25B capital plan, targeting renewable energySeptember 19, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser M up on Monday (FTS-PR-M)September 15, 2023 | msn.comAfter student gets injured, HOPE Christian shares plan to combine Fortis campusesSeptember 14, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Shares Series F down on Thursday (FTS-PR-F)September 13, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser H down on Wednesday (FTS-PR-H)September 13, 2023 | benzinga.comAdvisory: Fortis Inc. to Hold Investor Day in St. John's, Newfoundland and Labrador on September 19September 13, 2023 | msn.comFortis Healthcare Appoints Ashok Pandit As Additional DirectorSeptember 9, 2023 | markets.businessinsider.comBMO Capital Reaffirms Their Hold Rating on Fortis (FTS)September 5, 2023 | msn.com3 Dividend Growth Stocks Worth Buying and Holding for the Long HaulSeptember 5, 2023 | finance.yahoo.comFortisBC receives cost of capital decision from the BC Utilities CommissionSeptember 5, 2023 | msn.comHow to Build a Bulletproof Passive Income Portfolio With Just $10,000September 2, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser H flat on Thursday (FTS-PR-H)August 31, 2023 | msn.comIs Fortis Stock a Buy in September 2023?August 30, 2023 | ca.finance.yahoo.com3 Defensive Dividend Stocks for Low-Risk InvestorsAugust 30, 2023 | msn.comWhy Fortis Should Be One of the Core Investments to OwnAugust 26, 2023 | msn.comCanadian Government Workers: CPP Will Reduce Your Pension!See 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 FTS Company Calendar Last Earnings8/02/2023Ex-Dividend for 9/1 Dividend8/18/2023Dividend Payable9/01/2023Today10/01/2023Next Earnings (Confirmed)10/27/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Utilities—Regulated Electric Sub-IndustryN/A SectorUtilities Current SymbolTSE:FTS CUSIPN/A CIKN/A Webwww.fortisinc.com Phone+1-709-7372800FaxN/AEmployees9,200Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$58.25 High Stock Price ForecastC$63.00 Low Stock Price ForecastC$52.00 Forecasted Upside/Downside+12.9%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.96 Trailing P/E Ratio17.43 Forward P/E Ratio16.68 P/E Growth2.8Net IncomeC$1.43 billion Net Margins12.82% Pretax MarginN/A Return on Equity7.20% Return on Assets3.03% Debt Debt-to-Equity Ratio127.31 Current Ratio0.79 Quick Ratio0.36 Sales & Book Value Annual SalesC$11.63 billion Price / Sales2.16 Cash FlowC$0.78 per share Price / Cash Flow65.80 Book ValueC$40.62 per share Price / Book1.27Miscellaneous Outstanding Shares486,400,000Free FloatN/AMarket CapC$25.09 billion OptionableOptionable Beta0.20 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. David Gerard Hutchens (Age 56)Pres, CEO & Director Comp: $4.81MMs. Jocelyn H. Perry (Age 51)Exec. VP & CFO Comp: $1.82MMr. Gary J. Smith (Age 61)Exec. VP of Operations & Innovation Comp: $1.55MMr. James R. ReidExec. VP of Sustainability & Chief Legal OfficerMr. Stuart I. LochraySr. VP of Capital Markets & Bus. Devel.Mr. Kevin D. WoodburyVP of Innovation & TechnologyMr. Ronald J. HinsleyChief Information Officer & VPMs. Stephanie A. AmaimoVP of Investor RelationsMs. Karen M. McCarthy BPRM.Ed, VP of Communications and Gov. RelationsMs. Tanya Nicole FinlayVP of People & CultureMore ExecutivesKey CompetitorsHydro OneTSE:HEmeraTSE:EMABrookfield Infrastructure PartnersTSE:BIP.UNBrookfield Renewable PartnersTSE:BEP.UNBrookfield RenewableTSE:BEPCView All Competitors FTS Stock - Frequently Asked Questions Should I buy or sell Fortis stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023? 9 brokers have issued 1-year target prices for Fortis' shares. Their FTS share price forecasts range from C$52.00 to C$63.00. On average, they anticipate the company's stock price to reach C$58.25 in the next year. This suggests a possible upside of 12.9% 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 2023? Fortis' stock was trading at C$54.18 on January 1st, 2023. Since then, FTS stock has decreased by 4.8% and is now trading at C$51.59. View the best growth stocks for 2023 here. When is Fortis' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023. View our FTS earnings forecast. How were Fortis' earnings last quarter? Fortis Inc. (TSE:FTS) announced its earnings results on Wednesday, August, 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. The company earned $2.59 billion during the quarter, compared to analyst estimates of $2.63 billion. Fortis had a trailing twelve-month return on equity of 7.20% and a net margin of 12.82%. How often does Fortis pay dividends? What is the dividend yield for Fortis? Fortis announced a quarterly dividend on Tuesday, September 19th. Shareholders of record on Friday, November 17th will be given a dividend of 0.59 per share on Friday, December 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, November 16th. This is an increase from the stock's previous quarterly dividend of C$0.57. Read our dividend analysis for FTS. Is Fortis a good dividend stock? Fortis (TSE:FTS) pays an annual dividend of C$2.36 per share and currently has a dividend yield of 4.46%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.73%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for FTS. 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), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), 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 stock 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$51.59. How much money does Fortis make? Fortis (TSE:FTS) has a market capitalization of C$25.09 billion and generates C$11.63 billion in revenue each year. The company earns C$1.43 billion in net income (profit) each year or C$2.96 on an earnings per share basis. How many employees does Fortis have? The company employs 9,200 workers across the globe. 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 official website for the company is www.fortisinc.com. The company can be reached via phone at +1-709-7372800. This page (TSE:FTS) was last updated on 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fortis Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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