S&P 500   3,852.36
DOW   32,920.46
QQQ   303.59
Mullen Automotive Stock, The Tide Has Turned
Profit From the Commercial Solar Boom? (Ad)
Energizer Holdings Inc; Losing Power Or Electrifying Time To Buy?
What do Mastercard Earnings Indicate About Consumer Spending?
The #1 Energy Stock to Buy (Ad)
How to Find Penny Stocks to Invest and Trade
ONSemi Is Marching Higher On Great Results
The #1 Energy Stock to Buy (Ad)
What Tyson Foods Q1 Means For Staples Stocks
Can Cummins Power To A New High? 
S&P 500   3,852.36
DOW   32,920.46
QQQ   303.59
Mullen Automotive Stock, The Tide Has Turned
Profit From the Commercial Solar Boom? (Ad)
Energizer Holdings Inc; Losing Power Or Electrifying Time To Buy?
What do Mastercard Earnings Indicate About Consumer Spending?
The #1 Energy Stock to Buy (Ad)
How to Find Penny Stocks to Invest and Trade
ONSemi Is Marching Higher On Great Results
The #1 Energy Stock to Buy (Ad)
What Tyson Foods Q1 Means For Staples Stocks
Can Cummins Power To A New High? 
S&P 500   3,852.36
DOW   32,920.46
QQQ   303.59
Mullen Automotive Stock, The Tide Has Turned
Profit From the Commercial Solar Boom? (Ad)
Energizer Holdings Inc; Losing Power Or Electrifying Time To Buy?
What do Mastercard Earnings Indicate About Consumer Spending?
The #1 Energy Stock to Buy (Ad)
How to Find Penny Stocks to Invest and Trade
ONSemi Is Marching Higher On Great Results
The #1 Energy Stock to Buy (Ad)
What Tyson Foods Q1 Means For Staples Stocks
Can Cummins Power To A New High? 
S&P 500   3,852.36
DOW   32,920.46
QQQ   303.59
Mullen Automotive Stock, The Tide Has Turned
Profit From the Commercial Solar Boom? (Ad)
Energizer Holdings Inc; Losing Power Or Electrifying Time To Buy?
What do Mastercard Earnings Indicate About Consumer Spending?
The #1 Energy Stock to Buy (Ad)
How to Find Penny Stocks to Invest and Trade
ONSemi Is Marching Higher On Great Results
The #1 Energy Stock to Buy (Ad)
What Tyson Foods Q1 Means For Staples Stocks
Can Cummins Power To A New High? 
TSE:FTS

Fortis - FTS Stock Forecast, Price & News

C$55.64
+0.57 (+1.04%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
C$54.90
C$55.65
50-Day Range
C$53.45
C$56.38
52-Week Range
C$48.45
C$65.26
Volume
2.19 million shs
Average Volume
1.92 million shs
Market Capitalization
C$26.72 billion
P/E Ratio
20.61
Dividend Yield
4.11%
Price Target
C$57.92
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 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 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 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 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 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company 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 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Receive FTS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter.

FTS Stock News Headlines

Fortis (TSE:FTS) PT Raised to C$61.00
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Fortis Inc. Announces First Quarter Dividends - 2023
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
TSX utility stocks to watch as recession fears rises
Fortis (TSE:FTS) Is Increasing Its Dividend To CA$0.565
Fortis Inc.
Stocks in play: Fortis Inc.
See More Headlines
Receive FTS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter.

FTS Company Calendar

Last Earnings
11/02/2018
Ex-Dividend for 12/1 Dividend
11/16/2022
Dividend Payable
12/01/2022
Today
2/06/2023
Next Earnings (Confirmed)
2/10/2023
Ex-Dividend for 3/1 Dividend
2/14/2023
Dividend Payable
3/01/2023

Industry, Sector and Symbol

Industry
Utilities - Regulated Electric
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
9,095
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$57.92
High Stock Price Forecast
C$65.00
Low Stock Price Forecast
C$49.00
Forecasted Upside/Downside
+4.1%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$10.46 billion
Cash Flow
C$0.85 per share
Book Value
C$40.60 per share

Miscellaneous

Free Float
N/A
Market Cap
C$26.72 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. David Gerard Hutchens (Age 56)
    Pres, CEO & Director
    Comp: $3.63M
  • Ms. Jocelyn H. Perry (Age 52)
    Exec. VP & CFO
    Comp: $1.5M
  • Mr. James R. Reid
    Exec. VP of Sustainability & Chief Legal Officer
  • Mr. Gary J. Smith (Age 61)
    Exec. VP of Operations & Innovation
  • 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 & Corp. Affairs
  • Mr. Regan P. O'Dea
    VP & Gen. Counsel
  • Ms. Susan M. Gray (Age 50)
    Exec. VP of Western Utility Operations













FTS Stock - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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?

10 analysts have issued twelve-month target prices for Fortis' shares. Their FTS share price forecasts range from C$49.00 to C$65.00. On average, they predict the company's stock price to reach C$57.92 in the next twelve months. This suggests a possible upside of 4.1% 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 at the beginning of 2023. Since then, FTS shares have increased by 2.7% and is now trading at C$55.64.
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, February 10th 2023.
View our FTS earnings forecast
.

How were Fortis' earnings last quarter?

Fortis Inc. (TSE:FTS) released its quarterly earnings data on Friday, November, 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.65. The company earned $2.04 billion during the quarter, compared to analysts' expectations of $2.14 billion.

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

Fortis announced a quarterly dividend on Tuesday, February 14th. Shareholders of record on Wednesday, March 1st will be paid a dividend of 0.565 per share on Wednesday, March 1st. This represents a $2.26 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, February 14th.
Read our dividend analysis for FTS
.

Is Fortis a good dividend stock?

Fortis (TSE:FTS) pays an annual dividend of C$2.14 per share and currently has a dividend yield of 4.11%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.26%. 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$55.64.

How much money does Fortis make?

Fortis (TSE:FTS) has a market capitalization of C$26.72 billion and generates C$10.46 billion in revenue each year.

How many employees does Fortis have?

The company employs 9,095 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 2/7/2023 by MarketBeat.com Staff