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Powerball jackpot rises to $1.04 billion after another drawing without a big winner
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The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
The Elites Are Waging War on Elon Musk — Here's Why… (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
TSE:FTS

Fortis (FTS) Stock Forecast, Price & News

C$51.59
-0.12 (-0.23%)
(As of 09/29/2023 ET)
Compare
Today's Range
C$51.36
C$52.19
50-Day Range
C$51.55
C$57.40
52-Week Range
C$48.45
C$62.00
Volume
1.21 million shs
Average Volume
1.75 million shs
Market Capitalization
C$25.09 billion
P/E Ratio
17.43
Dividend Yield
4.57%
Price Target
C$58.25

Fortis MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
12.9% Upside
C$58.25 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Fortis in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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


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 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.

FTS Price History

FTS Stock News Headlines

Why Fortis Stock Is a Hidden Gem Among Dividend Kings
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...
Fortis Inc. (TSE:FTS) Receives Average Rating of "Hold" from Analysts
Brokers Offer Predictions for Fortis Inc.'s FY2023 Earnings (TSE:FTS)
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...
Closing Bell: Fortis Inc Pref Ser I up on Tuesday (FTS-PR-I)
Closing Bell: Fortis Inc Pref Ser M up on Monday (FTS-PR-M)
BMO Capital Reaffirms Their Hold Rating on Fortis (FTS)
Is Fortis Stock a Buy in September 2023?
3 Defensive Dividend Stocks for Low-Risk Investors
See More Headlines
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FTS Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/1 Dividend
8/18/2023
Dividend Payable
9/01/2023
Today
10/01/2023
Next Earnings (Confirmed)
10/27/2023

Industry, Sector and Symbol

Industry
Utilities—Regulated Electric
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
9,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$58.25
High Stock Price Forecast
C$63.00
Low Stock Price Forecast
C$52.00
Forecasted Upside/Downside
+12.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
C$1.43 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$11.63 billion
Cash Flow
C$0.78 per share
Book Value
C$40.62 per share

Miscellaneous

Free Float
N/A
Market Cap
C$25.09 billion
Optionable
Optionable
Beta
0.20
7 Stocks to Buy And Hold Forever Cover

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Key Executives

  • Mr. David Gerard Hutchens (Age 56)
    Pres, CEO & Director
    Comp: $4.81M
  • Ms. Jocelyn H. Perry (Age 51)
    Exec. VP & CFO
    Comp: $1.82M
  • Mr. Gary J. Smith (Age 61)
    Exec. VP of Operations & Innovation
    Comp: $1.55M
  • Mr. James R. Reid
    Exec. VP of Sustainability & Chief Legal Officer
  • Mr. Stuart I. Lochray
    Sr. VP of Capital Markets & Bus. Devel.
  • 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 and Gov. Relations
  • Ms. Tanya Nicole Finlay
    VP of People & Culture













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

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