Fortis Company Profile (TSE:FTS)

About Fortis (TSE:FTS)

Fortis logoFortis Inc. is a Canada-based electric and gas utility holding company. The Company's segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Energy Inc. (FortisBC Energy), FortisBC Inc. (FortisBC Electric) and Newfoundland Power Inc. (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: TSE:FTS
  • CUSIP: N/A
  • Web: N/A
  • Market Cap: C$18.41 billion
  • Outstanding Shares: 416,000,000
Average Prices:
  • 50 Day Moving Avg: C$44.30
  • 200 Day Moving Avg: C$42.40
  • 52 Week Range: C$39.58 - C$45.13
  • Trailing P/E Ratio: 21.05
  • P/E Growth: 3.03
Sales & Book Value:
  • Annual Revenue: C$7.34 billion
  • Price / Sales: 2.51
  • Book Value: C$32.70 per share
  • Price / Book: 1.35
  • Dividend Yield: 3.6%
  • EBIDTA: C$2.88 billion
  • Average Volume: 976,121 shs.
  • Short Ratio: 7.21

Frequently Asked Questions for Fortis (TSE:FTS)

What is Fortis' stock symbol?

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

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

Fortis announced a quarterly dividend on Wednesday, February 15th. Investors of record on Friday, May 19th will be paid a dividend of 0.40 per share on Thursday, June 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, May 17th. View Fortis' Dividend History.

How were Fortis' earnings last quarter?

Fortis Inc (TSE:FTS) posted its quarterly earnings data on Friday, July, 31st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.08. The business had revenue of $1.54 billion for the quarter. View Fortis' Earnings History.

When will Fortis make its next earnings announcement?

Fortis is scheduled to release their next quarterly earnings announcement on Friday, July, 28th 2017. View Earnings Estimates for Fortis.

Where is Fortis' stock going? Where will Fortis' stock price be in 2017?

7 brokers have issued twelve-month price objectives for Fortis' shares. Their predictions range from C$44.00 to C$52.00. On average, they expect Fortis' stock price to reach C$48.10 in the next year. View Analyst Ratings for Fortis.

Who are some of Fortis' key competitors?

How do I buy Fortis stock?

Shares of Fortis and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

How much does a share of Fortis stock cost?

One share of Fortis stock can currently be purchased for approximately C$44.25.

Analyst Ratings

Consensus Ratings for Fortis (TSE:FTS) (?)
Ratings Breakdown: 1 Hold Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: C$48.10

Analysts' Ratings History for Fortis (TSE:FTS)
DateFirmActionRatingPrice TargetDetails
5/3/2017ScotiabankReiterated RatingOutperformC$49.00View Rating Details
5/3/2017TD SecuritiesReiterated RatingBuyC$48.00View Rating Details
5/3/2017CIBCLower Price TargetC$48.00 -> C$47.00View Rating Details
3/29/2017Barclays PLCReiterated RatingOverweightC$48.00View Rating Details
2/27/2017JPMorgan Chase & Co.Reiterated RatingNeutralC$44.00View Rating Details
2/17/2017DesjardinsBoost Price TargetBuyC$46.00 -> C$48.00View Rating Details
1/24/2017Royal Bank of CanadaReiterated RatingOutperformC$52.00View Rating Details
1/17/2017Raymond James Financial, Inc.DowngradeOutperform -> Mkt PerformView Rating Details
7/25/2016CSFBBoost Price TargetC$42.00 -> C$46.00View Rating Details
7/7/2016BMO Capital MarketsBoost Price TargetC$46.00 -> C$49.00View Rating Details
2/10/2016Credit Suisse Group AGDowngradeNeutralC$42.00View Rating Details
11/9/2015National Bank FinancialReiterated RatingSector PerformC$43.00View Rating Details
(Data available from 5/26/2015 forward)


Earnings History for Fortis (TSE:FTS)
Earnings by Quarter for Fortis (TSE:FTS)
Earnings History by Quarter for Fortis (TSE:FTS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/31/2015Q2$0.44$0.36$1.54 billionViewListenView Earnings Details
8/1/2014$0.26$0.22$1.06 billionViewN/AView Earnings Details
5/8/2014$0.65$0.64$1.46 billionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Fortis (TSE:FTS)
2017 EPS Consensus Estimate: $2.51
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.72$0.73$0.73
Q2 20172$0.60$0.61$0.61
Q3 20171$0.54$0.54$0.54
Q4 20171$0.64$0.64$0.64
(Data provided by Zacks Investment Research)


Dividend History by Quarter for Fortis (TSE:FTS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Fortis (TSE:FTS)
Insider Trades by Quarter for Fortis (TSE:FTS)
Insider Trades by Quarter for Fortis (TSE:FTS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/8/2016David BennettInsiderSell11,815C$44.01C$519,978.15
7/7/2016Michael A MulcahyDirectorSell100C$44.40C$4,440.00
4/7/2016Karen J GosseInsiderBuy100C$40.00C$4,000.00
3/22/2016Nora DukeInsiderSell28,096C$40.25C$1,130,864.00
3/8/2016Nora DukeInsiderSell13,470C$40.00C$538,800.00
2/29/2016Christopher F ScottDirectorBuy400C$37.77C$15,108.00
2/24/2016Barry PerryDirectorBuy385C$37.95C$14,610.75
10/21/2015Karl W SmithInsiderSell32,280C$39.36C$1,270,605.36
10/20/2015James SpinneyInsiderSell27,103C$39.00C$1,057,017.00
10/7/2015Jamie RobertsDirectorSell8,373C$38.60C$323,206.17
9/10/2015Tracey Colleen BallDirectorBuy4,600C$34.90C$160,540.00
9/3/2015David Gerard HutchensDirectorBuy8,888C$26.70C$237,308.71
4/10/2015Michael A MulcahyDirectorSell1,647C$39.46C$64,990.62
3/26/2015Earl LudlowInsiderSell34,706C$39.73C$1,378,973.50
3/2/2015James SpinneyInsiderBuy1,413C$0.00C$0.00
1/20/2015Michael Arnold PaveyDirectorSell12,000C$40.02C$480,247.20
11/27/2014David BennettInsiderSell23,694C$39.14C$927,442.40
11/27/2014David NorrisDirectorSell7,352C$39.06C$287,175.00
11/25/2014Karl W SmithInsiderSell4,000C$38.86C$155,450.00
11/24/2014Karl W SmithInsiderSell6,300C$38.87C$244,886.67
11/12/2014Karl W SmithInsiderSell40,748C$37.75C$1,538,237.00
(Data available from 1/1/2013 forward)


Headline Trends for Fortis (TSE:FTS)
Latest Headlines for Fortis (TSE:FTS)
DateHeadline logo3 Utility Stocks for Your Portfolio - May 26 at 6:00 PM logoWhy Fortis Inc. Is a Great Long-Term Investment - May 20 at 10:14 AM logoFortis Inc (FTS) Given Average Rating of "Buy" by Analysts - May 19 at 11:06 PM logoFortis, Inc. (Canada) – Value Analysis (TORONTO:FTS) : May 19, 2017 - May 19 at 5:07 PM logoFortis, Inc. (Canada) : FTS-CA: Dividend Analysis : May 19th, 2017 (record date) : By the numbers : May 18, 2017 - May 19 at 9:04 AM logoFortis, Inc. (Canada) breached its 50 day moving average in a Bearish Manner : FTS-CA : May 18, 2017 - May 18 at 10:00 AM logoFortis' Preference Shares, Series J Cross 5% Yield Mark - May 17 at 5:19 PM logoFortis Inc. (FTS) Ex-Dividend Date Scheduled for May 17, 2017 - Nasdaq - May 16 at 5:15 PM logoTSX Rallies As Crude Approaches $50 -- Canadian Commentary - May 15 at 4:56 PM logoIncome Investors: Does Fortis Inc. Deserve to Be a Top TFSA Pick? - May 15 at 4:56 PM logoEdited Transcript of FTS.TO earnings conference call or presentation 2-May-17 12:30pm GMT - May 9 at 11:03 AM logoFortis Inc (FTS) Forecasted to Post FY2017 Earnings of $2.54 Per Share - May 8 at 9:41 AM logoFortis Inc (FTS) Given New C$47.00 Price Target at CIBC - May 7 at 11:14 PM logoFortis Inc (FTS) Rating Reiterated by TD Securities - May 7 at 11:14 PM logoFortis Inc (FTS) Stock Rating Reaffirmed by Scotiabank - May 7 at 11:14 PM logoEquities Analysts Issue Forecasts for Fortis Inc's FY2018 Earnings (FTS) - May 5 at 6:52 PM logoFortisAlberta Inc. announces appointment of Karl Bomhof as new President and Chief Executive Officer - May 3 at 5:07 PM logoFortis posts 1Q profit - May 2 at 8:28 AM logoFortis Inc (FTS) Receives Average Recommendation of "Buy" from Brokerages - April 27 at 2:54 PM logo3 Core Holdings With Massive Defensive Moats - April 21 at 11:38 AM logo2 Utilities With 3.6% Yields and Capital-Appreciation Potential - April 20 at 12:15 PM logoFortis' Preference Shares, Series F Crosses Above 5% Yield Territory - April 19 at 5:15 PM logoWant a 4% Yield With Massive Long-Term Upside? - April 18 at 11:33 AM logoFortis Inc (FTS) Given New C$49.00 Price Target at Scotiabank - April 17 at 3:46 PM logoAmeren Corp's Subsidiary Files for Electric Rate Decrease - April 17 at 11:24 AM logoIs Fortis Inc. Right for Your TFSA? - April 17 at 11:24 AM logoFortis Inc. to Hold Teleconference on May 2 to Discuss First Quarter 2017 Results and Hold Annual and Special Meeting on May 4 - April 11 at 5:06 PM logoFortis Inc (FTS) Given Consensus Rating of "Buy" by Brokerages - March 30 at 2:04 PM logoFortis Inc (FTS) Earns Overweight Rating from Barclays PLC - March 29 at 11:41 AM logoBarclays Reinstates Fortis Inc. (FTS) at Overweight - - - March 28 at 11:44 AM logoFortisOntario Inc. Completes Transaction to Increase its Investment in Wataynikaneyap Power Transmission Project - March 10 at 6:28 PM logo10 Top Canadian Dividend Stocks to Hold for Decades - March 8 at 6:09 PM logoFortis Inc.: A Checklist Income Stock - February 28 at 5:29 PM logoFortis' (FTS) CEO Barry Perry on Q4 2016 Results - Earnings Call Transcript - February 16 at 10:17 PM logoEdited Transcript of FTS.TO earnings conference call or presentation 16-Feb-17 1:30pm GMT - February 16 at 10:17 PM logoEdited Transcript of FTS.TO earnings conference call or presentation 16-Feb-17 1:30pm GMT - February 16 at 10:17 PM logoQ4 2016 Fortis Inc Earnings Release - Before Market Open - February 16 at 5:16 PM logoFortis Inc. Files 2016 Year-End Disclosure Documents - February 16 at 5:16 PM logoFortis (FTS) Shares Cross Below 200 DMA - Nasdaq - Nasdaq - February 14 at 6:23 PM logoAdvisory: Fortis Inc. to Hold Teleconference on February 16 to Discuss 2016 Annual Results - February 14 at 6:23 PM logoFortis Inc. (FTS) Ex-Dividend Date Scheduled for February 14, 2017 - Nasdaq - February 13 at 11:13 AM logoWhy Is Fortis Inc. a Top Stock for Conservative Investors? - The Motley Fool Canada - February 9 at 3:57 AM logoFTS Crosses Above Key Moving Average Level - Nasdaq - January 20 at 6:38 PM logoFortis Inc. to Hold Teleconference on February 16 to Discuss 2016 Annual Results - January 20 at 6:38 PM



Fortis (FTS) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by Staff