Fortis Company Profile (TSE:FTS)

About Fortis (TSE:FTS)

Fortis logoFortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 994,000 customers in approximately 135 communities in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 549,000 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 hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 264,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 79,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 65,000 customers in Fort Erie, Cornwall, Gananoque, Port Colborne, and the District of Algoma in Ontario; approximately 43,200 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and Aitken Creek. Fortis Inc. was founded in 1977 and is headquartered in St. John's, Canada.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: C$18.94 billion
  • Outstanding Shares: 417,899,000
Average Prices:
  • 50 Day Moving Avg: C$45.15
  • 200 Day Moving Avg: C$44.29
  • 52 Week Range: C$39.58 - C$47.06
P/E:
  • Trailing P/E Ratio: 19.52
  • P/E Growth: 3.51
Sales & Book Value:
  • Annual Revenue: C$7.87 billion
  • Price / Sales: 2.41
  • Book Value: C$32.76 per share
  • Price / Book: 1.38
Dividend:
  • Dividend Yield: 3.5%
Profitability:
  • EBIDTA: C$3.23 billion
  • Net Margins: 15.48%
  • Return on Equity: 7.56%
  • Return on Assets: 2.62%
Misc:
  • Average Volume: 766,257 shs.
  • Short Ratio: 18.12
 

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 declared a quarterly dividend on Monday, July 31st. Shareholders of record on Monday, August 21st will be paid a dividend of 0.40 per share on Friday, September 1st. This represents a $1.60 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, August 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 for the quarter, missing the consensus estimate of $0.44 by $0.08. The firm earned $1.54 billion during the quarter. Fortis had a return on equity of 7.56% and a net margin of 15.48%. View Fortis' Earnings History.

When will Fortis make its next earnings announcement?

Fortis is scheduled to release their next quarterly earnings announcement on Friday, November, 3rd 2017. View Earnings Estimates for Fortis.

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

7 brokerages have issued 12-month target prices for Fortis' shares. Their forecasts range from C$40.00 to C$51.00. On average, they anticipate Fortis' share price to reach C$47.75 in the next year. View Analyst Ratings for Fortis.

Who are some of Fortis' key competitors?

Who are Fortis' key executives?

Fortis' management team includes the folowing people:

  • Barry V. Perry, President, Chief Executive Officer, Director
  • Karl W. Smith, Executive Vice President, Chief Financial Officer
  • Nora M. Duke, Executive Vice President - Corporate Services, Chief Human Resource Officer
  • James P. Laurito, Executive Vice President - Business Development
  • Earl A. Ludlow, Executive Vice President - Eastern Canadian and Caribbean Operations
  • Jamie D. Roberts, Vice President, Controller
  • James D. Spinney, Vice President, Treasurer
  • Janet A. Craig, Vice President of Investor Relations
  • David C. Bennett, Vice President, Chief Legal Officer and Corporate Secretary
  • Karen J. Gosse, Vice President - Planning and Forecasting

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.

What is Fortis' stock price today?

One share of Fortis stock can currently be purchased for approximately C$45.31.


MarketBeat Community Rating for Fortis (TSE FTS)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  199 (Vote Outperform)
Underperform Votes:  181 (Vote Underperform)
Total Votes:  380
MarketBeat's community ratings are surveys of what our community members think about Fortis and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Fortis (TSE:FTS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.71)
Consensus Price Target: C$47.75

Analysts' Ratings History for Fortis (TSE:FTS)
Show:
DateFirmActionRatingPrice TargetDetails
8/3/2017CIBCDowngradeOutperform -> NeutralC$47.00 -> C$48.00View Rating Details
7/31/2017ScotiabankReiterated RatingOutperformC$50.00View Rating Details
7/31/2017Royal Bank Of CanadaLower Price TargetOutperformC$52.00 -> C$51.00View Rating Details
7/31/2017TD SecuritiesBoost Price TargetBuyC$48.00 -> C$51.00View Rating Details
7/21/2017Barclays PLCBoost Price TargetOverweightC$37.00 -> C$40.00View Rating Details
2/27/2017J P Morgan Chase & CoReiterated RatingNeutralC$44.00View Rating Details
2/17/2017DesjardinsBoost Price TargetBuyC$46.00 -> C$48.00View 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 GroupDowngradeNeutralC$42.00View Rating Details
11/9/2015National Bank FinancialReiterated RatingSector PerformC$43.00View Rating Details
(Data available from 8/22/2015 forward)

Earnings

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
11/3/2017        
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)

Estimates

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)

Dividends

Dividend History by Quarter for Fortis (TSE FTS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/31/2017Quarterly$0.403.46%8/17/20178/21/20179/1/2017
2/15/2017quarterly$0.403.62%5/17/20175/19/20176/1/2017
2/14/2017Quarterly$0.403.9%2/14/20173/1/20173/1/2017
9/27/2016quarterly$0.403.7%11/16/201611/18/201612/1/2016
7/28/2016quarterly$0.383.47%8/17/20168/19/20169/1/2016
2/17/2016quarterly$0.383.85%5/16/20165/18/20166/1/2016
12/16/2015quarterly$0.383.85%2/12/20162/17/20163/1/2016
9/29/2015quarterly$0.383.84%11/16/201511/18/201512/1/2015
5/6/2015quarterly$0.343.72%8/17/20158/19/20159/1/2015
2/18/2015quarterly$0.343.42%5/15/20155/19/20156/1/2015
12/17/2014quarterly$0.343.28%2/12/20152/17/20153/1/2015
10/22/2014Quarterly$0.323.7%10/22/201412/1/201412/1/2014
8/13/2014Quarterly$0.323.79%8/13/20149/1/20149/1/2014
3/13/2014quarterly$0.323.98%5/14/20145/16/20146/1/2014
12/9/2013quarterly$0.324.28%2/12/20142/14/20143/1/2014
3/20/2013quarterly$0.315/17/20136/1/2013
12/11/2012quarterly$0.312/14/20133/1/2013
(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
6/22/2017Nora DukeInsiderSell33,688C$46.24C$1,557,733.12
6/19/2017David BennettInsiderBuy13,401C$45.99C$616,311.99
6/9/2017Albert ErnstDirectorSell700C$33.52C$23,464.00
6/8/2017Karen J GosseInsiderBuy58C$45.31C$2,627.98
6/6/2017Jamie RobertsDirectorSell4,836C$45.58C$220,424.88
6/6/2017Karl W SmithInsiderSell54,024C$45.53C$2,459,712.72
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)

Headlines

Headline Trends for Fortis (TSE:FTS)
Latest Headlines for Fortis (TSE:FTS)
Source:
DateHeadline
finance.yahoo.com logoFortis, Inc. breached its 50 day moving average in a Bearish Manner : FTS-CA : August 22, 2017
finance.yahoo.com - August 22 at 7:26 PM
zacks.com logoCalpine Corporation (CPN) Catches Eye: Stock Jumps 10.5%
www.zacks.com - August 21 at 6:19 PM
fool.ca logoA Top Dividend Stock to Own in an Uncertain Market
www.fool.ca - August 21 at 6:19 PM
finance.yahoo.com logoFortis, Inc. : FTS-CA: Dividend Analysis : August 21st, 2017 (record date) : By the numbers : August 17, 2017
finance.yahoo.com - August 17 at 8:07 PM
nasdaq.com logoFortis Inc. (FTS) Ex-Dividend Date Scheduled for August 17, 2017 - Nasdaq
www.nasdaq.com - August 16 at 6:57 PM
finance.yahoo.com logoETFs with exposure to Fortis, Inc. : August 16, 2017
finance.yahoo.com - August 16 at 6:57 PM
fool.ca logoFortis Inc.: A Buy-and-Forget Option Your Portfolio Needs
www.fool.ca - August 12 at 6:02 PM
finance.yahoo.com logoFortis Inc. Announces Termination of Consumer Share Purchase Plan
finance.yahoo.com - August 11 at 7:18 PM
fool.ca logoRetirees: 2 Top Dividend Stocks I’d Buy Today
www.fool.ca - August 9 at 7:03 PM
americanbankingnews.com logoFortis Inc (TSE:FTS) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - August 5 at 12:40 AM
finance.yahoo.com logoFortis, Inc. :FTS-CA: Earnings Analysis: Q2, 2017 By the Numbers : August 4, 2017
finance.yahoo.com - August 4 at 7:05 PM
americanbankingnews.com logoResearch Analysts Set Expectations for Fortis Inc's FY2017 Earnings (FTS)
www.americanbankingnews.com - August 2 at 10:06 AM
benzinga.com logoFortis Statement on Waneta Dam Agreement - Benzinga
www.benzinga.com - August 2 at 12:31 AM
americanbankingnews.com logoFortis Inc Announces Quarterly Dividend of $0.40 (FTS)
www.americanbankingnews.com - August 1 at 11:26 AM
fool.ca logoWhy Fortis Inc. Rose 1% on Friday
www.fool.ca - July 31 at 6:31 PM
finance.yahoo.com logoFortis, Inc. (Canada) breached its 50 day moving average in a Bullish Manner : FTS-CA : July 31, 2017
finance.yahoo.com - July 31 at 6:31 PM
americanbankingnews.com logoScotiabank Analysts Give Fortis Inc (FTS) a C$50.00 Price Target
www.americanbankingnews.com - July 31 at 4:47 PM
americanbankingnews.com logoTD Securities Increases Fortis Inc (FTS) Price Target to C$51.00
www.americanbankingnews.com - July 31 at 4:46 PM
americanbankingnews.com logoRoyal Bank Of Canada Cuts Fortis Inc (TSE:FTS) Price Target to C$51.00
www.americanbankingnews.com - July 31 at 4:46 PM
seekingalpha.com logoFortis: Q2 2017 Great, A Dividend Growth Stock Is Now Even Better - Seeking Alpha
seekingalpha.com - July 30 at 5:38 PM
finance.yahoo.com logoEdited Transcript of FTS.TO earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 2:05 AM
benzinga.com logoNewfoundland Power declares dividends on Series A, B, D and G First Preference Shares - Benzinga
www.benzinga.com - July 28 at 9:02 PM
seekingalpha.com logoFortis' (FTS) CEO Barry Perry on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - July 28 at 9:02 PM
finance.yahoo.com logoFortis posts 2Q profit
finance.yahoo.com - July 28 at 9:02 PM
americanbankingnews.com logoFortis Inc (FTS) Set to Announce Earnings on Friday
www.americanbankingnews.com - July 27 at 4:37 PM
fool.ca logoIs Fortis Inc. (USA) Worth the Premium You'll Have to Pay? | The ... - The Motley Fool Canada
www.fool.ca - July 26 at 7:24 PM
americanbankingnews.com logoBarclays PLC Boosts Fortis Inc (FTS) Price Target to C$40.00
www.americanbankingnews.com - July 21 at 2:26 PM
fool.ca logoWhy Are You Buying This Specific Dividend Stock?
www.fool.ca - July 17 at 10:29 AM
fool.ca logoIs it Time to Buy Fortis Inc. (USA) Stock? | The Motley Fool Canada - The Motley Fool Canada
www.fool.ca - July 12 at 7:31 PM
americanbankingnews.com logoFortis Inc (FTS) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 11 at 12:40 AM
finance.yahoo.com logoFortis Inc. to Hold Teleconference on July 28 to Discuss Second Quarter 2017 Results
finance.yahoo.com - July 10 at 6:49 PM
finance.yahoo.com logoFortis, Inc. (Canada) – Value Analysis (TORONTO:FTS) : July 10, 2017
finance.yahoo.com - July 10 at 6:49 PM
finance.yahoo.com logoFortis, Inc. (Canada) breached its 50 day moving average in a Bearish Manner : FTS-CA : July 7, 2017
finance.yahoo.com - July 8 at 10:56 AM
finance.yahoo.com logoFortis Inc. Announces Closing and Results of Exchange Offer
finance.yahoo.com - July 8 at 10:56 AM
fool.ca logoWhy Now Is Not the Time to Take Profits in Fortis Inc. (USA) | The ... - The Motley Fool Canada
www.fool.ca - July 5 at 7:33 PM
fool.ca logoFortis Inc. Is the Only Utility Your Portfolio Needs - The Motley Fool Canada
www.fool.ca - June 30 at 7:09 PM
seekingalpha.com logoFortis: Growth Initiatives Will Support 6% Annual Dividend Growth - Seeking Alpha
seekingalpha.com - June 30 at 7:09 PM
fool.ca logoShould You Take Profits in Fortis Inc.?
www.fool.ca - June 30 at 3:20 AM
fool.ca logoPensioners: 2 Dividend-Growth Stocks to Generate Income in Your TFSA - The Motley Fool Canada
www.fool.ca - June 28 at 6:28 PM
seekingalpha.com logoFortis (FTS) Presents At J.P. Morgan Energy Equity Investor Conference - Slideshow
seekingalpha.com - June 27 at 5:33 PM
nasdaq.com logoFortis Reaches Analyst Target Price - Nasdaq
www.nasdaq.com - June 27 at 5:33 PM
baystreet.ca logoSleep Country Rises to 52-Week Highs
www.baystreet.ca - June 26 at 6:47 PM
fool.ca logo2 Top Canadian Dividend Stocks to Start Your RRSP - The Motley Fool Canada
www.fool.ca - June 26 at 6:47 PM
finance.yahoo.com logoFortis Inc. President and CEO Barry Perry to Present at J.P. Morgan Energy Equity Conference
finance.yahoo.com - June 22 at 10:59 PM
americanbankingnews.com logoFortis Inc (FTS) Insider Sells C$1,557,733.12 in Stock
www.americanbankingnews.com - June 22 at 4:34 PM
americanbankingnews.com logoFortis Inc (FTS) Insider David Bennett Acquires 13,401 Shares
www.americanbankingnews.com - June 19 at 4:29 PM
fool.ca logoNow Is Not the Best Time to Buy Fortis Inc.
www.fool.ca - June 16 at 6:02 PM
americanbankingnews.com logoInsider Selling: Fortis Inc (FTS) Director Sells 700 Shares of Stock
www.americanbankingnews.com - June 12 at 4:38 PM
americanbankingnews.com logoFortis Inc (FTS) Director Sells C$220,424.88 in Stock
www.americanbankingnews.com - June 6 at 4:29 PM
americanbankingnews.com logoKarl W. Smith Sells 54,024 Shares of Fortis Inc (FTS) Stock
www.americanbankingnews.com - June 6 at 4:28 PM

Social

Chart

Fortis (FTS) Chart for Tuesday, August, 22, 2017

This page was last updated on 8/22/2017 by MarketBeat.com Staff