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S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
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TSE:FTS

Fortis Inc. (FTS.TO) Stock Forecast, Price & News

C$52.13
-0.11 (-0.21 %)
(As of 01/20/2021 12:00 AM ET)
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Today's Range
C$51.83
Now: C$52.13
C$52.29
50-Day Range
C$50.97
MA: C$52.18
C$53.26
52-Week Range
C$41.52
Now: C$52.13
C$59.28
Volume1.67 million shs
Average Volume1.56 million shs
Market CapitalizationC$24.33 billion
P/E Ratio19.66
Dividend Yield3.87%
BetaN/A
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 429,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,143 megawatts (MW), including 59 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 65 MW; and distributes natural gas to approximately 1,041,000 residential, commercial and industrial and transportation customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 568,000 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 140 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 269,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 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 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
Fortis Inc. (FTS.TO) logo

MarketRank

Overall MarketRank

1.65 out of 5 stars

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Utilities - Regulated Electric
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
CIKN/A
Phone+1-709-7372800
Employees9,000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$8.92 billion
Cash FlowC$1.06 per share
Book ValueC$37.64 per share

Profitability

Miscellaneous

Market CapC$24.33 billion
Next Earnings Date2/12/2021 (Confirmed)
OptionableOptionable
C$52.13
-0.11 (-0.21 %)
(As of 01/20/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fortis Inc. (FTS.TO) (TSE:FTS) Frequently Asked Questions

How has Fortis Inc. (FTS.TO)'s stock been impacted by Coronavirus (COVID-19)?

Fortis Inc. (FTS.TO)'s stock was trading at C$53.07 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, FTS stock has decreased by 1.8% and is now trading at C$52.13.
View which stocks have been most impacted by COVID-19
.

Is Fortis Inc. (FTS.TO) a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis Inc. (FTS.TO) in the last year. There are currently 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Fortis Inc. (FTS.TO) stock.
View analyst ratings for Fortis Inc. (FTS.TO)
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Fortis Inc. (FTS.TO)?

Wall Street analysts have given Fortis Inc. (FTS.TO) a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fortis Inc. (FTS.TO) wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Fortis Inc. (FTS.TO)'s next earnings date?

Fortis Inc. (FTS.TO) is scheduled to release its next quarterly earnings announcement on Friday, February 12th 2021.
View our earnings forecast for Fortis Inc. (FTS.TO)
.

How were Fortis Inc. (FTS.TO)'s earnings last quarter?

Fortis Inc. (FTS.TO) (TSE:FTS) announced its quarterly earnings data on Friday, October, 30th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.66 by $0.01. The company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.13 billion.
View Fortis Inc. (FTS.TO)'s earnings history
.

How often does Fortis Inc. (FTS.TO) pay dividends? What is the dividend yield for Fortis Inc. (FTS.TO)?

Fortis Inc. (FTS.TO) announced a quarterly dividend on Wednesday, November 18th. Stockholders of record on Tuesday, February 16th will be paid a dividend of 0.505 per share on Monday, March 1st. This represents a $2.02 annualized dividend and a yield of 3.87%. The ex-dividend date is Monday, February 15th.
View Fortis Inc. (FTS.TO)'s dividend history
.

Is Fortis Inc. (FTS.TO) a good dividend stock?

Fortis Inc. (FTS.TO) pays an annual dividend of C$1.91 per share and currently has a dividend yield of 3.87%. The dividend payout ratio of Fortis Inc. (FTS.TO) is 72.02%. This payout ratio is at a healthy, sustainable level, below 75%.
View Fortis Inc. (FTS.TO)'s dividend history.

What price target have analysts set for FTS?

7 equities research analysts have issued twelve-month price objectives for Fortis Inc. (FTS.TO)'s shares. Their forecasts range from C$57.00 to C$64.00. On average, they anticipate Fortis Inc. (FTS.TO)'s stock price to reach C$60.70 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
View analysts' price targets for Fortis Inc. (FTS.TO)
or view Wall Street analyst' top-rated stocks.

Who are some of Fortis Inc. (FTS.TO)'s key competitors?

What other stocks do shareholders of Fortis Inc. (FTS.TO) own?

Who are Fortis Inc. (FTS.TO)'s key executives?

Fortis Inc. (FTS.TO)'s management team includes the following people:
  • Mr. Barry V. Perry, Pres, CEO & Director (Age 55, Pay $4.35M)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Mr. David Gerard Hutchens, Chief Operating Officer (Age 53, Pay $2.41M)
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. & CTO (Age 64, Pay $2.16M)
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 58, Pay $1.45M)
  • Mr. Ronald J. Hinsley, Chief Information Officer & VP
  • Ms. Stephanie A. Amaimo, VP of Investor Relations
  • Mr. James R. Reid, Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Karen M. McCarthy BPR, M.Ed, VP of Communications & Corp. Affairs
  • Mr. Regan P. O'Dea, VP & Corp. Gen. Counsel

What is Fortis Inc. (FTS.TO)'s stock symbol?

Fortis Inc. (FTS.TO) trades on the Toronto Stock Exchange (TSX) under the ticker symbol "FTS."

How do I buy shares of Fortis Inc. (FTS.TO)?

Shares of FTS 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.

What is Fortis Inc. (FTS.TO)'s stock price today?

One share of FTS stock can currently be purchased for approximately C$52.13.

How big of a company is Fortis Inc. (FTS.TO)?

Fortis Inc. (FTS.TO) has a market capitalization of C$24.33 billion and generates C$8.92 billion in revenue each year. Fortis Inc. (FTS.TO) employs 9,000 workers across the globe.

What is Fortis Inc. (FTS.TO)'s official website?

The official website for Fortis Inc. (FTS.TO) is www.fortisinc.com.

How can I contact Fortis Inc. (FTS.TO)?

Fortis Inc. (FTS.TO)'s mailing address is 5 Fortis Place Suite 1100, Stn a PO Box 8837, ST. JOHNS, NL A1B 3T2, Canada. The company can be reached via phone at +1-709-7372800.

This page was last updated on 1/21/2021 by MarketBeat.com Staff

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