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$18.47 billion
- Outstanding Shares: 416,000,000
Average Prices:- 50 Day Moving Avg: C$45.26
- 200 Day Moving Avg: C$43.68
- 52 Week Range: C$39.58 - C$47.06
P/E:- Trailing P/E Ratio: 21.12
- P/E Growth: 2.89
Sales & Book Value:- Annual Revenue: C$7.34 billion
- Price / Sales: 2.52
- Book Value: C$32.70 per share
- Price / Book: 1.36
Dividend:
Profitability:- EBIDTA: C$2.88 billion
- Net Margins: 14.82%
- Return on Equity: 8.88%
- Return on Assets: 2.82%
Misc:- Average Volume: 887,749 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 Wednesday, February 15th. Shareholders 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 yield of 3.60%. The ex-dividend date is Wednesday, May 17th. View Fortis' Dividend History.
How were Fortis' earnings last quarter?
Fortis Inc (TSE:FTS) announced its quarterly earnings data on Friday, July, 31st. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.08. The company had revenue of $1.54 billion for the quarter. Fortis had a net margin of 14.82% and a return on equity of 8.88%. 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?
7 brokerages have issued twelve-month price objectives for Fortis' shares. Their forecasts range from C$40.00 to C$52.00. On average, they anticipate Fortis' share price to reach C$47.11 in the next year. View Analyst Ratings for Fortis.
Who are some of Fortis' key competitors?
Some companies that are related to Fortis include Great-West Lifeco (GWO), Imperial Oil Ltd (IMO), Sun Life Financial (SLF), Canadian Pacific Railway Limited (CP), Loblaw Companies Ltd (L), TELUS (T), Power Financial Corp (PWF), Barrick Gold Corp (ABX), Magna International (MG), Waste Connections (WCN), National Bank of Canada (NA), Potash Co. of Saskatchewan (POT), Restaurant Brands International (QSR), Pembina Pipeline Corp (PPL), Agrium (AGU), Saputo (SAP), Franco Nevada Corp (FNV) and George Weston Limited (WN).
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$44.40.
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: | 1 Hold Rating, 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.86) |
| Consensus Price Target: | C$47.11 |
Analysts' Ratings History for Fortis (TSE:FTS)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 7/21/2017 | Barclays PLC | Boost Price Target | Overweight | C$37.00 -> C$40.00 |  |
| 5/3/2017 | Scotiabank | Reiterated Rating | Outperform | C$49.00 | |
| 5/3/2017 | TD Securities | Reiterated Rating | Buy | C$48.00 | |
| 5/3/2017 | CIBC | Lower Price Target | | C$48.00 -> C$47.00 | |
| 2/27/2017 | J P Morgan Chase & Co | Reiterated Rating | Neutral | C$44.00 | |
| 2/17/2017 | Desjardins | Boost Price Target | Buy | C$46.00 -> C$48.00 | |
| 1/24/2017 | Royal Bank Of Canada | Reiterated Rating | Outperform | C$52.00 | |
| 1/17/2017 | Raymond James Financial, Inc. | Downgrade | Outperform -> Mkt Perform | | |
| 7/25/2016 | CSFB | Boost Price Target | | C$42.00 -> C$46.00 | |
| 7/7/2016 | BMO Capital Markets | Boost Price Target | | C$46.00 -> C$49.00 | |
| 2/10/2016 | Credit Suisse Group | Downgrade | Neutral | C$42.00 | |
| 11/9/2015 | National Bank Financial | Reiterated Rating | Sector Perform | C$43.00 | |
(Data available from 7/25/2015 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 |
|---|
| 7/28/2017 | | | | | | | | |
| 7/31/2015 | Q2 | $0.44 | $0.36 | | $1.54 billion | View | Listen | |
| 8/1/2014 | | $0.26 | $0.22 | | $1.06 billion | View | N/A | |
| 5/8/2014 | | $0.65 | $0.64 | | $1.46 billion | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Fortis (TSE:FTS)2017 EPS Consensus Estimate: $2.51
| 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 | 1 | $0.54 | $0.54 | $0.54 |
| 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 |
|---|
| 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 |
|---|
| 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)
| Source: |
|
| Date | Headline |
|---|
 | Barclays PLC Boosts Fortis Inc (FTS) Price Target to C$40.00
www.americanbankingnews.com - July 21 at 2:26 PM |
 | Why Are You Buying This Specific Dividend Stock?
www.fool.ca - July 17 at 10:29 AM |
| Is 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 |
| Fortis Inc (FTS) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 11 at 12:40 AM |
 | Fortis Inc. to Hold Teleconference on July 28 to Discuss Second Quarter 2017 Results
finance.yahoo.com - July 10 at 6:49 PM |
| Fortis, Inc. (Canada) – Value Analysis (TORONTO:FTS) : July 10, 2017
finance.yahoo.com - July 10 at 6:49 PM |
| Fortis, 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 |
| Fortis Inc. Announces Closing and Results of Exchange Offer
finance.yahoo.com - July 8 at 10:56 AM |
| Why 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 |
| Fortis Inc. Is the Only Utility Your Portfolio Needs - The Motley Fool Canada
www.fool.ca - June 30 at 7:09 PM |
 | Fortis: Growth Initiatives Will Support 6% Annual Dividend Growth - Seeking Alpha
seekingalpha.com - June 30 at 7:09 PM |
| Should You Take Profits in Fortis Inc.?
www.fool.ca - June 30 at 3:20 AM |
| Pensioners: 2 Dividend-Growth Stocks to Generate Income in Your TFSA - The Motley Fool Canada
www.fool.ca - June 28 at 6:28 PM |
| Fortis (FTS) Presents At J.P. Morgan Energy Equity Investor Conference - Slideshow
seekingalpha.com - June 27 at 5:33 PM |
 | Fortis Reaches Analyst Target Price - Nasdaq
www.nasdaq.com - June 27 at 5:33 PM |
 | Sleep Country Rises to 52-Week Highs
www.baystreet.ca - June 26 at 6:47 PM |
| 2 Top Canadian Dividend Stocks to Start Your RRSP - The Motley Fool Canada
www.fool.ca - June 26 at 6:47 PM |
| Fortis Inc. President and CEO Barry Perry to Present at J.P. Morgan Energy Equity Conference
finance.yahoo.com - June 22 at 10:59 PM |
| Fortis Inc (FTS) Insider Sells C$1,557,733.12 in Stock
www.americanbankingnews.com - June 22 at 4:34 PM |
| Fortis Inc (FTS) Insider David Bennett Acquires 13,401 Shares
www.americanbankingnews.com - June 19 at 4:29 PM |
| Now Is Not the Best Time to Buy Fortis Inc.
www.fool.ca - June 16 at 6:02 PM |
| Insider Selling: Fortis Inc (FTS) Director Sells 700 Shares of Stock
www.americanbankingnews.com - June 12 at 4:38 PM |
| Fortis Inc (FTS) Director Sells C$220,424.88 in Stock
www.americanbankingnews.com - June 6 at 4:29 PM |
| Karl W. Smith Sells 54,024 Shares of Fortis Inc (FTS) Stock
www.americanbankingnews.com - June 6 at 4:28 PM |
| Fortis Inc. Announces Commencement of Exchange Offer
finance.yahoo.com - June 1 at 6:06 PM |
| 3 Utility Stocks for Your Portfolio
www.fool.ca - May 26 at 6:00 PM |
| Why Fortis Inc. Is a Great Long-Term Investment
www.fool.ca - May 20 at 10:14 AM |
| Fortis Inc (FTS) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - May 19 at 11:06 PM |
| Fortis, Inc. (Canada) – Value Analysis (TORONTO:FTS) : May 19, 2017
finance.yahoo.com - May 19 at 5:07 PM |
| Fortis, Inc. (Canada) : FTS-CA: Dividend Analysis : May 19th, 2017 (record date) : By the numbers : May 18, 2017
finance.yahoo.com - May 19 at 9:04 AM |
| Fortis, Inc. (Canada) breached its 50 day moving average in a Bearish Manner : FTS-CA : May 18, 2017
finance.yahoo.com - May 18 at 10:00 AM |
| Fortis' Preference Shares, Series J Cross 5% Yield Mark
www.nasdaq.com - May 17 at 5:19 PM |
| Fortis Inc. (FTS) Ex-Dividend Date Scheduled for May 17, 2017 - Nasdaq
www.nasdaq.com - May 16 at 5:15 PM |
 | TSX Rallies As Crude Approaches $50 -- Canadian Commentary
www.rttnews.com - May 15 at 4:56 PM |
| Income Investors: Does Fortis Inc. Deserve to Be a Top TFSA Pick?
www.fool.ca - May 15 at 4:56 PM |
| Edited Transcript of FTS.TO earnings conference call or presentation 2-May-17 12:30pm GMT
finance.yahoo.com - May 9 at 11:03 AM |
| Fortis Inc (FTS) Forecasted to Post FY2017 Earnings of $2.54 Per Share
www.americanbankingnews.com - May 8 at 9:41 AM |
| Fortis Inc (FTS) Given New C$47.00 Price Target at CIBC
www.americanbankingnews.com - May 7 at 11:14 PM |
| Fortis Inc (FTS) Rating Reiterated by TD Securities
www.americanbankingnews.com - May 7 at 11:14 PM |
| Fortis Inc (FTS) Stock Rating Reaffirmed by Scotiabank
www.americanbankingnews.com - May 7 at 11:14 PM |
| Equities Analysts Issue Forecasts for Fortis Inc's FY2018 Earnings (FTS)
www.americanbankingnews.com - May 5 at 6:52 PM |
| FortisAlberta Inc. announces appointment of Karl Bomhof as new President and Chief Executive Officer
finance.yahoo.com - May 3 at 5:07 PM |
 | Fortis posts 1Q profit
marketbeat.com - May 2 at 8:28 AM |
| Fortis Inc (FTS) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - April 27 at 2:54 PM |
| 3 Core Holdings With Massive Defensive Moats
www.fool.ca - April 21 at 11:38 AM |
| 2 Utilities With 3.6% Yields and Capital-Appreciation Potential
www.fool.ca - April 20 at 12:15 PM |
| Fortis' Preference Shares, Series F Crosses Above 5% Yield Territory
www.nasdaq.com - April 19 at 5:15 PM |
| Want a 4% Yield With Massive Long-Term Upside?
www.fool.ca - April 18 at 11:33 AM |
| Fortis Inc (FTS) Given New C$49.00 Price Target at Scotiabank
www.americanbankingnews.com - April 17 at 3:46 PM |
 | Ameren Corp's Subsidiary Files for Electric Rate Decrease
www.msn.com - April 17 at 11:24 AM |
Fortis (FTS) Chart for Tuesday, July, 25, 2017
