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S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Why I Sued the Gov’t – And What I Recommend Now (Ad)
Is There Value In These Growth Stocks?
MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
Why I Sued the Gov’t – And What I Recommend Now (Ad)
Build A Better Tech Portfolio With Jabil Inc.
US stocks end mixed a day after Dow entered a bear market
Gold is about to SOAR – here’s what you need to do (Ad)
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Leaks on Russian gas pipelines raise concerns about sabotage
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Why I Sued the Gov’t – And What I Recommend Now (Ad)
Is There Value In These Growth Stocks?
MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
Why I Sued the Gov’t – And What I Recommend Now (Ad)
Build A Better Tech Portfolio With Jabil Inc.
US stocks end mixed a day after Dow entered a bear market
Gold is about to SOAR – here’s what you need to do (Ad)
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Leaks on Russian gas pipelines raise concerns about sabotage
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Why I Sued the Gov’t – And What I Recommend Now (Ad)
Is There Value In These Growth Stocks?
MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
Why I Sued the Gov’t – And What I Recommend Now (Ad)
Build A Better Tech Portfolio With Jabil Inc.
US stocks end mixed a day after Dow entered a bear market
Gold is about to SOAR – here’s what you need to do (Ad)
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Leaks on Russian gas pipelines raise concerns about sabotage
TSE:FTS

Fortis - FTS Stock Forecast, Price & News

C$54.72
-0.80 (-1.44%)
(As of 09/27/2022 12:00 AM ET)
Add
Compare
Today's Range
C$54.52
C$55.84
50-Day Range
C$54.72
C$61.36
52-Week Range
C$54.52
C$65.26
Volume
1.29 million shs
Average Volume
1.58 million shs
Market Capitalization
C$26.19 billion
P/E Ratio
20.73
Dividend Yield
3.85%
Price Target
C$61.29
FTS stock logo

About Fortis (TSE:FTS) Stock

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 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.

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FTS Stock News Headlines

Brokerages Set Fortis Inc. (TSE:FTS) Target Price at C$61.64
A Look At The Fair Value Of Fortis Inc. (TSE:FTS)
See More Headlines
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FTS Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 9/1 Dividend
8/18/2022
Dividend Payable
9/01/2022
Today
9/28/2022
Next Earnings (Confirmed)
10/28/2022

Industry, Sector and Symbol

Industry
Utilities - Regulated Electric
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
9,095
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$61.29
High Stock Price Forecast
C$65.00
Low Stock Price Forecast
C$56.00
Forecasted Upside/Downside
+12.0%
Consensus Rating
Hold
Rating Score (0-4)
1.92
Research Coverage
13 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$10.10 billion
Cash Flow
C$0.69 per share
Book Value
C$38.74 per share

Miscellaneous

Free Float
N/A
Market Cap
C$26.19 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. David Gerard Hutchens (Age 55)
    Pres, CEO & Director
    Comp: $3.63M
  • Ms. Jocelyn H. Perry (Age 51)
    Exec. VP & CFO
    Comp: $1.5M
  • Mr. James R. Reid
    Exec. VP of Sustainability & Chief Legal Officer
  • Mr. Gary J. Smith (Age 60)
    Exec. VP of Operations & Innovation
  • Mr. Kevin D. Woodbury
    VP of Innovation & Technology
  • Mr. Ronald J. Hinsley
    Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo
    VP of Investor Relations
  • Ms. Karen M. McCarthy BPR
    M.Ed, VP of Communications & Corp. Affairs
  • Mr. Regan P. O'Dea
    VP & Gen. Counsel
  • Ms. Susan M. Gray (Age 49)
    Exec. VP of Western Utility Operations













FTS Stock - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 3 sell ratings, 8 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 2022?

13 Wall Street analysts have issued 12-month price objectives for Fortis' stock. Their FTS share price forecasts range from C$56.00 to C$65.00. On average, they anticipate the company's stock price to reach C$61.29 in the next year. This suggests a possible upside of 12.0% 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 2022?

Fortis' stock was trading at C$61.03 at the start of the year. Since then, FTS stock has decreased by 10.3% and is now trading at C$54.72.
View the best growth stocks for 2022 here
.

When is Fortis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our FTS earnings forecast
.

How were Fortis' earnings last quarter?

Fortis Inc. (TSE:FTS) released its quarterly earnings results on Thursday, July, 28th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.62 by $0.05. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.25 billion.

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

Fortis announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Friday, August 19th will be given a dividend of 0.535 per share on Thursday, September 1st. This represents a $2.14 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, August 18th.
Read our dividend analysis for FTS
.

Is Fortis a good dividend stock?

Fortis (TSE:FTS) pays an annual dividend of C$2.11 per share and currently has a dividend yield of 3.85%. The dividend payout ratio is 79.92%. 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$54.72.

How much money does Fortis make?

Fortis (TSE:FTS) has a market capitalization of C$26.19 billion and generates C$10.10 billion in revenue each year.

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 9/28/2022 by MarketBeat.com Staff

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