Fortis (FTS) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

7 Wall Street analysts have issued 12 month target prices for Fortis' stock. Their FTS share price forecasts range from C$52.00 to C$66.00. On average, they predict the company's stock price to reach C$58.65 in the next year. This suggests a possible upside of 1.8% from the stock's current price.
View analysts price targets for FTS or view top-rated stocks among Wall Street analysts.

Fortis' stock was trading at C$54.18 at the start of the year. Since then, FTS shares have increased by 6.4% and is now trading at C$57.64.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our FTS earnings forecast.

Fortis Inc. (TSE:FTS) released its quarterly earnings results on Friday, November, 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.65. The company earned $2.04 billion during the quarter, compared to the consensus estimate of $2.14 billion. Fortis had a net margin of 12.85% and a trailing twelve-month return on equity of 7.28%.

Fortis announced a quarterly dividend on Tuesday, May 16th. Investors of record on Thursday, June 1st will be given a dividend of 0.565 per share on Thursday, June 1st. This represents a $2.26 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for FTS.

Fortis (TSE:FTS) pays an annual dividend of C$2.26 per share and currently has a dividend yield of 3.94%. The dividend payout ratio is 76.87%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for FTS.

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).

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

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.
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One share of FTS stock can currently be purchased for approximately C$57.64.

Fortis (TSE:FTS) has a market capitalization of C$27.93 billion and generates C$11.53 billion in revenue each year. The company earns C$1.42 billion in net income (profit) each year or C$2.94 on an earnings per share basis.

The company employs 9,095 workers across the globe.

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.