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TSE:FTSFortis Stock Price, Forecast & News

C$53.87
+0.62 (+1.16 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
C$53.60
Now: C$53.87
C$54.63
50-Day Range
C$50.12
MA: C$52.84
C$55.61
52-Week Range
C$41.52
Now: C$53.87
C$59.28
Volume2.57 million shs
Average Volume2.09 million shs
Market CapitalizationC$25.01 billion
P/E Ratio14.52
Dividend Yield3.59%
BetaN/A
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 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 64 MW; and distributes natural gas to approximately 1,030,000 customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 564,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 268,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 81,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 176,000 customers in British Columbia; approximately 268,000 customers in Newfoundland and Labrador; approximately 30,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility. It also owns and operates transmission and distribution lines; and natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.84 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$8.74 billion
Cash FlowC$0.59 per share
Book ValueC$38.98 per share

Profitability

Miscellaneous

Employees8,800
Market CapC$25.01 billion
Next Earnings Date8/7/2020 (Estimated)
OptionableOptionable

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Fortis (TSE:FTS) Frequently Asked Questions

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

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 (WHO). Since then, FTS shares have increased by 1.5% and is now trading at C$53.87. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Fortis?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Fortis.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Fortis.

How were Fortis' earnings last quarter?

Fortis Inc (TSE:FTS) announced its earnings results on Wednesday, May, 6th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by $0.05. The business earned $2.39 billion during the quarter, compared to analysts' expectations of $2.47 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, May 14th. Investors of record on Monday, June 1st will be paid a dividend of 0.4775 per share on Monday, June 1st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, May 14th. View Fortis' dividend history.

What price target have analysts set for FTS?

7 equities research analysts have issued 12-month price targets for Fortis' shares. Their forecasts range from C$55.00 to C$64.00. On average, they expect Fortis' share price to reach C$60.08 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price. View analysts' price targets for Fortis.

Has Fortis been receiving favorable news coverage?

News headlines about FTS stock have trended negative on Saturday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Fortis earned a news impact score of -2.1 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutFortis.

Who are some of Fortis' key competitors?

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), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), BCE (BCE), TELUS (T), Emera (EMA), Bank of Montreal (BMO), Canadian National Railway (CNR) and Suncor Energy (SU).

Who are Fortis' key executives?

Fortis' management team includes the following people:
  • Mr. Barry V. Perry, Pres, CEO & Director (Age 54)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 57)
  • Mr. James P. Laurito, Exec. VP of Bus. Devel. (Age 63)
  • Mr. David Gerard Hutchens, Exec. VP of Western Utility Operations (Age 52)

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 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 FTS stock can currently be purchased for approximately C$53.87.

How big of a company is Fortis?

Fortis has a market capitalization of C$25.01 billion and generates C$8.74 billion in revenue each year. Fortis employs 8,800 workers across the globe.

What is Fortis' official website?

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

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 6/6/2020 by MarketBeat.com Staff

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