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TSE:FTS

Fortis Stock Forecast, Price & News

C$59.89
-0.80 (-1.32%)
(As of 07/5/2022 01:45 PM ET)
Add
Compare
Today's Range
C$59.53
C$61.16
50-Day Range
C$57.96
C$65.05
52-Week Range
C$54.73
C$65.26
Volume
689,619 shs
Average Volume
1.66 million shs
Market Capitalization
C$28.57 billion
P/E Ratio
23.11
Dividend Yield
3.48%
Price Target
C$61.65

Fortis MarketRank™ Forecast

Analyst Rating
Hold
1.93 Rating Score
Upside/​Downside
3.0% Upside
C$61.65 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.05mentions of Fortis in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
C$58,013 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.43 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Fortis 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.

FTS Stock News Headlines

Fortis (TSE:FTS) Stock Rating Lowered by UBS Group
Fortis Inc stock gained on Monday.
Fortis Inc stock boosted on Wednesday.
See More Headlines

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

Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 6/1 Dividend
5/16/2022
Dividend Payable
6/01/2022
Today
7/05/2022
Next Earnings (Confirmed)
7/28/2022

Price Target and Rating

Average Stock Price Forecast
C$61.65
High Stock Price Forecast
C$66.00
Low Stock Price Forecast
C$56.00
Forecasted Upside/Downside
+2.9%
Consensus Rating
Hold
Rating Score (0-4)
1.92857142857143
Research Coverage
14 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$9.74 billion
Cash Flow
C$0.75 per share
Book Value
C$37.21 per share

Miscellaneous

Free Float
N/A
Market Cap
C$28.57 billion
Optionable
Optionable
Beta
N/A














Fortis Frequently Asked Questions

Should I buy or sell Fortis stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 2 buy ratings 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.

What is Fortis' stock price forecast for 2022?

14 brokerages have issued 12 month price targets for Fortis' stock. Their FTS stock forecasts range from C$56.00 to C$66.00. On average, they anticipate Fortis' share price to reach C$61.65 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Fortis
or view top-rated stocks among Wall Street analysts.

How has Fortis' stock price performed in 2022?

Fortis' stock was trading at C$61.03 at the beginning of 2022. Since then, FTS stock has decreased by 1.9% and is now trading at C$59.84.
View the best growth stocks for 2022 here
.

When is Fortis' next earnings date?

Fortis is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Fortis
.

How were Fortis' earnings last quarter?

Fortis Inc. (TSE:FTS) issued its earnings results on Wednesday, May, 4th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The business earned $2.84 billion during the quarter, compared to analyst estimates of $2.58 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, February 10th. Stockholders of record on Tuesday, May 17th will be given a dividend of 0.535 per share on Wednesday, June 1st. This represents a $2.14 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, May 16th.
View Fortis' dividend history
.

Is Fortis a good dividend stock?

Fortis(TSE:FTS) pays an annual dividend of C$2.08 per share and currently has a dividend yield of 3.48%. The dividend payout ratio of Fortis is 80.25%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Fortis' dividend history.

Who are Fortis' key executives?

Fortis' management team includes the following people:
  • Mr. David Gerard Hutchens, Pres, CEO & Director (Age 55, Pay $3.63M)
  • Ms. Jocelyn H. Perry, Exec. VP & CFO (Age 51, Pay $1.5M)
  • Mr. James R. Reid, Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Nora M. Duke C.A., CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 60, Pay $1.47M)
  • Mr. Gary J. Smith, Exec. VP of Operations & Innovation (Age 60)
  • 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, Exec. VP of Western Utility Operations (Age 49)

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$59.84.

How much money does Fortis make?

Fortis (TSE:FTS) has a market capitalization of C$28.55 billion and generates C$9.74 billion in revenue each year.

How many employees does Fortis have?

Fortis 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 Fortis is www.fortisinc.com. The company can be reached via phone at +1-709-7372800.

This page (TSE:FTS) was last updated on 7/5/2022 by MarketBeat.com Staff

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