Fortis (FTS) Stock Forecast, Price & News

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our FTS earnings forecast.

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%.

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.

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.

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).

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

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.
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One share of FTS stock can currently be purchased for approximately C$51.59.

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.

The company employs 9,200 workers across the globe.

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.