TSE:FTS Fortis (FTS) Stock Forecast, Price & News C$57.11 -0.52 (-0.90%) (As of 06/6/2023 ET) Add Compare Share Share Today's RangeC$56.95▼C$58.2050-Day RangeC$56.79▼C$61.5552-Week RangeC$48.45▼C$62.52Volume1.37 million shsAverage Volume1.95 million shsMarket CapitalizationC$27.67 billionP/E Ratio19.43Dividend Yield3.96%Price TargetC$58.65 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Fortis MarketRank™ ForecastAnalyst RatingHold2.14 Rating ScoreUpside/Downside2.7% UpsideC$58.65 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.30Based on 4 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.1.26 out of 5 stars 1.1 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of C$58.65, Fortis has a forecasted upside of 2.7% from its current price of C$57.11.Amount of Analyst CoverageFortis has only been the subject of 2 research reports in the past 90 days. 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 3.94%, 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 76.87%. 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 1.8 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.30. 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 0.52 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Fortis this week, compared to 4 articles on an average week.Search InterestOnly 17 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -54% compared to the previous 30 days.MarketBeat Follows5 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 150% 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 0.07% of the stock of Fortis is held by insiders.Percentage Held by Institutions55.01% 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 19.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.12.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 19.43, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.73.Price to Earnings Growth RatioFortis has a PEG Ratio of 3.10. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.41. 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 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 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 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 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 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 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 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.Read More 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 Stock News HeadlinesJune 6, 2023 | msn.comFortis: A Stable High-Yielding Utility That Is Too ExpensiveJune 2, 2023 | msn.comMillionaire Makers: 4 TSX Stocks to Help You Get ThereJune 6, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...June 1, 2023 | ca.finance.yahoo.comHow to Build a Diversified Portfolio With These Top TSX StocksMay 31, 2023 | ca.finance.yahoo.comBetter Dividend Buy: Emera or Fortis Stock?May 29, 2023 | msn.comPutting Off Investing in Your TFSA? 2 Stocks to Just Buy AlreadyMay 29, 2023 | msn.comUnlock Your Homeownership Goals: 1 Stock for a Growing FHSAMay 28, 2023 | americanbankingnews.comBrokerages Set Fortis Inc. (TSE:FTS) PT at C$58.65June 6, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 23, 2023 | msn.comFortis Q4 net profit rises 59% to Rs 138 croreMay 23, 2023 | ca.finance.yahoo.comThis Canadian Utility Stock Is a Reliable Value BetMay 22, 2023 | americanbankingnews.comUBS Group Trims Fortis (TSE:FTS) Target Price to C$53.00May 15, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser H down on Friday (FTS-PR-H)May 15, 2023 | americanbankingnews.comFortis Inc. (TSE:FTS) Plans $0.57 Quarterly DividendMay 12, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser K down on Friday (FTS-PR-K)May 10, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser H up on Wednesday (FTS-PR-H)May 10, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser K down on Tuesday (FTS-PR-K)May 10, 2023 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser H down on Tuesday (FTS-PR-H)May 10, 2023 | nasdaq.comFTS Crosses Above Average Analyst TargetMay 10, 2023 | marketwatch.comFortis Inc. stock rises Monday, outperforms marketMay 10, 2023 | marketwatch.comFortis Inc. stock falls Tuesday, underperforms marketMay 10, 2023 | americanbankingnews.comFY2023 EPS Estimates for Fortis Inc. (TSE:FTS) Cut by AnalystMay 9, 2023 | americanbankingnews.comFortis Inc. Forecasted to Earn Q2 2023 Earnings of $0.64 Per Share (TSE:FTS)May 8, 2023 | americanbankingnews.comNational Bankshares Boosts Fortis (TSE:FTS) Price Target to C$57.00May 7, 2023 | americanbankingnews.comFortis (TSE:FTS) Price Target Raised to C$60.00May 7, 2023 | americanbankingnews.comTD Securities Boosts Fortis (TSE:FTS) Price Target to C$66.00May 5, 2023 | americanbankingnews.comFortis (TSE:FTS) PT Raised to C$57.00See More Headlines FTS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTS Company Calendar Last Earnings11/02/2018Ex-Dividend for 6/1 Dividend5/16/2023Dividend Payable6/01/2023Today6/06/2023Next Earnings (Estimated)7/27/2023Get 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/AEmployees9,095Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$58.65 High Stock Price ForecastC$66.00 Low Stock Price ForecastC$52.00 Forecasted Upside/Downside+2.7%Consensus RatingHold Rating Score (0-4)2.14 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.94 Trailing P/E Ratio19.42 Forward P/E Ratio20.59 P/E Growth3.1Net IncomeC$1.42 billion Net Margins12.85% Pretax MarginN/A Return on Equity7.28% Return on Assets3.03% Debt Debt-to-Equity Ratio127.94 Current Ratio0.68 Quick Ratio0.36 Sales & Book Value Annual SalesC$11.53 billion Price / Sales2.40 Cash FlowC$0.87 per share Price / Cash Flow65.80 Book ValueC$40.55 per share Price / Book1.41Miscellaneous Outstanding Shares484,500,000Free FloatN/AMarket CapC$27.66 billion OptionableOptionable Beta0.17 Key ExecutivesMr. David Gerard Hutchens (Age 56)Pres, CEO & Director Comp: $3.63MMs. Jocelyn H. Perry (Age 52)Exec. VP & CFO Comp: $1.5MMr. James R. ReidExec. VP of Sustainability & Chief Legal OfficerMr. Gary J. Smith (Age 61)Exec. VP of Operations & Innovation 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 & Corp. AffairsMr. Regan P. O'DeaVP & Gen. CounselMs. Susan M. Gray (Age 50)Exec. VP of Western Utility Operations More ExecutivesKey CompetitorsHydro OneTSE:HBrookfield Infrastructure PartnersTSE:BIP.UNEmeraTSE:EMABrookfield Renewable PartnersTSE:BEP.UNBrookfield RenewableTSE:BEPCView All CompetitorsInsidersJames ReidBought 1,000 shares on 6/17/2022Total: C$58,013.00 ($58.01/share)View All Insider Transactions FTS Stock - Frequently Asked Questions Should I buy or sell Fortis stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023? 7 brokerages have issued 1 year price targets for Fortis' shares. Their FTS share price forecasts range from C$52.00 to C$66.00. On average, they expect the company's stock price to reach C$58.65 in the next twelve months. This suggests a possible upside of 2.7% 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 at the start of the year. Since then, FTS stock has increased by 5.4% and is now trading at C$57.09. 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 Thursday, July 27th 2023. View our FTS earnings forecast. How were Fortis' earnings last quarter? Fortis Inc. (TSE:FTS) posted its quarterly earnings data on Friday, November, 2nd. The company reported $0.65 EPS for the quarter, hitting analysts' consensus estimates of $0.65. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.14 billion. Fortis had a net margin of 12.85% and a trailing twelve-month return on equity of 7.28%. How often does Fortis pay dividends? What is the dividend yield for Fortis? Fortis announced a quarterly dividend on Tuesday, May 16th. Shareholders of record on Thursday, June 1st will be given a dividend of 0.565 per share on Thursday, June 1st. This represents a $2.26 annualized dividend and a yield of 3.96%. The ex-dividend date is Tuesday, May 16th. Read our dividend analysis for FTS. Is Fortis a good dividend stock? Fortis (TSE:FTS) pays an annual dividend of C$2.26 per share and currently has a dividend yield of 3.94%. The dividend payout ratio is 76.87%. 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$57.09. How much money does Fortis make? Fortis (TSE:FTS) has a market capitalization of C$27.66 billion and generates C$11.53 billion in revenue each year. The company earns C$1.42 billion in net income (profit) each year or C$2.94 on an earnings per share basis. How many employees does Fortis have? The company employs 9,095 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 6/6/2023 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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