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TSE:FTS

Fortis Stock Forecast, Price & News

C$56.31
+0.27 (+0.48%)
(As of 12/3/2021 12:00 AM ET)
Add
Compare
Today's Range
C$55.82
C$56.35
50-Day Range
C$55.09
C$58.43
52-Week Range
C$48.97
C$59.25
Volume
698,865 shs
Average Volume
1.56 million shs
Market Capitalization
C$26.63 billion
P/E Ratio
21.42
Dividend Yield
3.82%
Beta
N/A
30 days | 90 days | 365 days | Advanced Chart
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Fortis logo

About Fortis

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 433,000 retail customers in southeastern Arizona; and 98,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,233 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 1,048,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 572,000 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 67,000 customers in Ontario; approximately 270,000 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.

Headlines

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Industry, Sector and Symbol

Industry
Utilities - Regulated Electric
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
8,961
Year Founded
N/A

Sales & Book Value

Annual Sales
C$9.21 billion
Cash Flow
C$0.48 per share
Book Value
C$37.06 per share

Profitability

Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
C$26.63 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/29/2021
Ex-Dividend
11/16/2021
Dividend Payable
12/01/2021
Today
12/03/2021
Next Earnings (Estimated)
2/11/2022

MarketRank

Overall MarketRank

1.70 out of 5 stars

Analyst Opinion: 2.1Community Rank: 4.8Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -












Fortis (TSE:FTS) Frequently Asked Questions

Is Fortis a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 7 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Fortis stock. 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 analyst ratings for Fortis
or view top-rated stocks.

How has Fortis' stock price been impacted by Coronavirus (COVID-19)?

Fortis' stock was trading at C$53.07 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FTS shares have increased by 6.1% and is now trading at C$56.31.
View which stocks have been most impacted by COVID-19
.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Friday, February 11th 2022.
View our earnings forecast for Fortis
.

How were Fortis' earnings last quarter?

Fortis Inc. (TSE:FTS) issued its quarterly earnings data on Friday, October, 29th. The company reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.11 billion.
View Fortis' earnings history
.

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

Fortis announced a quarterly dividend on Thursday, November 18th. Investors of record on Tuesday, February 15th will be paid a dividend of 0.535 per share on Tuesday, March 1st. This represents a $2.14 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Monday, February 14th.
View Fortis' dividend history
.

Is Fortis a good dividend stock?

Fortis pays an annual dividend of C$2.02 per share and currently has a dividend yield of 3.82%. The dividend payout ratio of Fortis is 76.84%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Fortis' dividend history.

What price target have analysts set for FTS?

9 brokers have issued 12 month target prices for Fortis' shares. Their forecasts range from C$57.00 to C$64.00. On average, they expect Fortis' share price to reach C$59.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
View analysts' price targets for Fortis
or view top-rated stocks among Wall Street analysts.

Who are Fortis' key executives?

Fortis' management team includes the following people:
  • Mr. David Gerard Hutchens, Pres, CEO & Director (Age 54, Pay $3.28M)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. & CTO (Age 65, Pay $2.3M)
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 59, Pay $1.61M)
  • 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
  • Mr. Gary J. Smith, Exec. VP of Eastern Canadian & Caribbean Operations (Age 59)

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 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$56.31.

How much money does Fortis make?

Fortis has a market capitalization of C$26.63 billion and generates C$9.21 billion in revenue each year.

How many employees does Fortis have?

Fortis employs 8,961 workers across the globe.

What is Fortis' official website?

The official website for Fortis is www.fortisinc.com.

Where are Fortis' headquarters?

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 company can be reached via phone at +1-709-7372800.


This page was last updated on 12/3/2021 by MarketBeat.com Staff

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