About Fortis (TSE:FTS)
Fortis 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:
Capitalization:- Market Cap: C$19.55 billion
- Outstanding Shares: 417,899,000
Average Prices:- 50 Day Moving Avg: C$45.32
- 200 Day Moving Avg: C$45.09
- 52 Week Range: C$39.58 - C$47.06
P/E:- Trailing P/E Ratio: 20.16
- P/E Growth: 3.35
Sales & Book Value:- Annual Revenue: C$7.87 billion
- Price / Sales: 2.48
- Book Value: C$32.76 per share
- Price / Book: 1.43
Dividend:
Profitability:- EBITDA: C$3.23 billion
- Net Margins: 15.48%
- Return on Equity: 7.56%
- Return on Assets: 2.62%
Misc:- Average Volume: 740,808 shs.
- Short Ratio: 25.9
Frequently Asked Questions for Fortis (TSE:FTS)
What is Fortis' stock symbol?
Fortis trades on the Toronto 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. Investors 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 yield of 3.42%. 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 results on Friday, July, 31st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.08. The company had revenue of $1.54 billion for 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?
Where is Fortis' stock going? Where will Fortis' stock price be in 2017?
8 brokerages have issued twelve-month price objectives for Fortis' stock. Their predictions range from C$40.00 to C$51.00. On average, they expect Fortis' share price to reach C$48.56 in the next twelve months. View Analyst Ratings for Fortis.
Who are some of Fortis' key competitors?
Some companies that are related to Fortis include Exelon Corporation (EXC), American Electric Power Company (AEP), Pacific Gas & Electric Co. (PCG), Consolidated Edison (ED), Edison International (EIX), Xcel Energy (XEL), Public Service Enterprise Group Incorporated (PEG), Korea Electric Power Corporation (KEP), WEC Energy Group (WEC), DTE Energy Company (DTE), Eversource Energy (ES), Entergy Corporation (ETR), FirstEnergy Corporation (FE), Sse Plc (SSE), Enersis Americas S.A. (ENIA), Alliant Energy Corporation (LNT), Pinnacle West Capital Corporation (PNW) and CPFL Energia S.A. (CPL).
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$46.78.
MarketBeat Community Rating for Fortis (TSE FTS)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.
Consensus Ratings for Fortis (TSE:FTS) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 5 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.63) |
| Consensus Price Target: | C$48.56 |
Consensus Price Target History for Fortis (TSE:FTS)
Analysts' Ratings History for Fortis (TSE:FTS)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 10/19/2017 | J P Morgan Chase & Co | Boost Price Target | | C$47.00 -> C$48.00 |  |
| 10/17/2017 | CIBC | Boost Price Target | | C$48.00 -> C$49.00 | |
| 10/17/2017 | National Bank Financial | Reiterated Rating | Sector Perform | C$48.00 -> C$49.00 | |
| 9/15/2017 | BMO Capital Markets | Set Price Target | | C$51.50 -> C$51.00 | |
| 7/31/2017 | Scotiabank | Reiterated Rating | Outperform | C$50.00 | |
| 7/31/2017 | Royal Bank Of Canada | Lower Price Target | Outperform | C$52.00 -> C$51.00 | |
| 7/31/2017 | TD Securities | Boost Price Target | Buy | C$48.00 -> C$51.00 | |
| 7/21/2017 | Barclays PLC | Boost Price Target | Overweight | C$37.00 -> C$40.00 | |
| 2/17/2017 | Desjardins | Boost Price Target | Buy | C$46.00 -> C$48.00 | |
| 1/17/2017 | Raymond James Financial, Inc. | Downgrade | Outperform -> Mkt Perform | | |
| 7/25/2016 | CSFB | Boost Price Target | | C$42.00 -> C$46.00 | |
| 2/10/2016 | Credit Suisse Group | Downgrade | Neutral | C$42.00 | |
(Data available from 10/24/2015 forward)
Earnings History for Fortis (TSE:FTS)Earnings History by Quarter for Fortis (TSE FTS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/3/2017 | | C$0.56 | | | | | N/A | |
| 7/31/2015 | Q2 | C$0.44 | C$0.36 | | C$1.54 billion | View | Listen | |
| 8/1/2014 | | C$0.26 | C$0.22 | | C$1.06 billion | View | N/A | |
| 5/8/2014 | | C$0.65 | C$0.64 | | C$1.46 billion | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Fortis (TSE:FTS)2017 EPS Consensus Estimate: $2.56
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.72 | $0.73 | $0.73 |
| Q2 2017 | 2 | $0.60 | $0.61 | $0.61 |
| Q3 2017 | 2 | $0.54 | $0.64 | $0.59 |
| Q4 2017 | 1 | $0.64 | $0.64 | $0.64 |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for Fortis (TSE FTS)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/31/2017 | Quarterly | $0.40 | 3.46% | 8/17/2017 | 8/21/2017 | 9/1/2017 |
| 2/15/2017 | quarterly | $0.40 | 3.62% | 5/17/2017 | 5/19/2017 | 6/1/2017 |
| 2/14/2017 | Quarterly | $0.40 | 3.9% | 2/14/2017 | 3/1/2017 | 3/1/2017 |
| 9/27/2016 | quarterly | $0.40 | 3.7% | 11/16/2016 | 11/18/2016 | 12/1/2016 |
| 7/28/2016 | quarterly | $0.38 | 3.47% | 8/17/2016 | 8/19/2016 | 9/1/2016 |
| 2/17/2016 | quarterly | $0.38 | 3.85% | 5/16/2016 | 5/18/2016 | 6/1/2016 |
| 12/16/2015 | quarterly | $0.38 | 3.85% | 2/12/2016 | 2/17/2016 | 3/1/2016 |
| 9/29/2015 | quarterly | $0.38 | 3.84% | 11/16/2015 | 11/18/2015 | 12/1/2015 |
| 5/6/2015 | quarterly | $0.34 | 3.72% | 8/17/2015 | 8/19/2015 | 9/1/2015 |
| 2/18/2015 | quarterly | $0.34 | 3.42% | 5/15/2015 | 5/19/2015 | 6/1/2015 |
| 12/17/2014 | quarterly | $0.34 | 3.28% | 2/12/2015 | 2/17/2015 | 3/1/2015 |
| 10/22/2014 | Quarterly | $0.32 | 3.7% | 10/22/2014 | 12/1/2014 | 12/1/2014 |
| 8/13/2014 | Quarterly | $0.32 | 3.79% | 8/13/2014 | 9/1/2014 | 9/1/2014 |
| 3/13/2014 | quarterly | $0.32 | 3.98% | 5/14/2014 | 5/16/2014 | 6/1/2014 |
| 12/9/2013 | quarterly | $0.32 | 4.28% | 2/12/2014 | 2/14/2014 | 3/1/2014 |
| 3/20/2013 | quarterly | $0.31 | | | 5/17/2013 | 6/1/2013 |
| 12/11/2012 | quarterly | $0.31 | | | 2/14/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Fortis (TSE:FTS)Insider Trades by Quarter for Fortis (TSE:FTS)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 10/18/2017 | Earl Ludlow | Insider | Sell | 35,056 | C$46.45 | C$1,628,351.20 | |
| 9/1/2017 | Albert Ernst | Director | Buy | 76 | C$0.00 | C$0.00 | |
| 6/22/2017 | Nora Duke | Insider | Sell | 33,688 | C$46.24 | C$1,557,733.12 | |
| 6/19/2017 | David Bennett | Insider | Buy | 13,401 | C$45.99 | C$616,311.99 | |
| 6/9/2017 | Albert Ernst | Director | Sell | 700 | C$33.52 | C$23,464.00 | |
| 6/8/2017 | Karen J Gosse | Insider | Buy | 58 | C$45.31 | C$2,627.98 | |
| 6/6/2017 | Jamie Roberts | Director | Sell | 4,836 | C$45.58 | C$220,424.88 | |
| 6/6/2017 | Karl W Smith | Insider | Sell | 54,024 | C$45.53 | C$2,459,712.72 | |
| 7/8/2016 | David Bennett | Insider | Sell | 11,815 | C$44.01 | C$519,978.15 | |
| 7/7/2016 | Michael A Mulcahy | Director | Sell | 100 | C$44.40 | C$4,440.00 | |
| 4/7/2016 | Karen J Gosse | Insider | Buy | 100 | C$40.00 | C$4,000.00 | |
| 3/22/2016 | Nora Duke | Insider | Sell | 28,096 | C$40.25 | C$1,130,864.00 | |
| 3/8/2016 | Nora Duke | Insider | Sell | 13,470 | C$40.00 | C$538,800.00 | |
| 2/29/2016 | Christopher F Scott | Director | Buy | 400 | C$37.77 | C$15,108.00 | |
| 2/24/2016 | Barry Perry | Director | Buy | 385 | C$37.95 | C$14,610.75 | |
| 10/21/2015 | Karl W Smith | Insider | Sell | 32,280 | C$39.36 | C$1,270,605.36 | |
| 10/20/2015 | James Spinney | Insider | Sell | 27,103 | C$39.00 | C$1,057,017.00 | |
| 10/7/2015 | Jamie Roberts | Director | Sell | 8,373 | C$38.60 | C$323,206.17 | |
| 9/10/2015 | Tracey Colleen Ball | Director | Buy | 4,600 | C$34.90 | C$160,540.00 | |
| 9/3/2015 | David Gerard Hutchens | Director | Buy | 8,888 | C$26.70 | C$237,308.71 | |
| 4/10/2015 | Michael A Mulcahy | Director | Sell | 1,647 | C$39.46 | C$64,990.62 | |
| 3/26/2015 | Earl Ludlow | Insider | Sell | 34,706 | C$39.73 | C$1,378,973.50 | |
| 3/2/2015 | James Spinney | Insider | Buy | 1,413 | C$0.00 | C$0.00 | |
| 1/20/2015 | Michael Arnold Pavey | Director | Sell | 12,000 | C$40.02 | C$480,247.20 | |
| 11/27/2014 | David Bennett | Insider | Sell | 23,694 | C$39.14 | C$927,442.40 | |
| 11/27/2014 | David Norris | Director | Sell | 7,352 | C$39.06 | C$287,175.00 | |
| 11/25/2014 | Karl W Smith | Insider | Sell | 4,000 | C$38.86 | C$155,450.00 | |
| 11/24/2014 | Karl W Smith | Insider | Sell | 6,300 | C$38.87 | C$244,886.67 | |
| 11/12/2014 | Karl W Smith | Insider | Sell | 40,748 | C$37.75 | C$1,538,237.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Fortis (TSE:FTS)
Latest Headlines for Fortis (TSE:FTS)
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Fortis (FTS) Chart for Tuesday, October, 24, 2017
