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S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
Why Your IRA Could Crash on June 16th (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Why Your IRA Could Crash on June 16th (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
Why Your IRA Could Crash on June 16th (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
Why Your IRA Could Crash on June 16th (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Why Your IRA Could Crash on June 16th (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
Why Your IRA Could Crash on June 16th (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
S&P 500   4,179.83
DOW   32,908.27
QQQ   347.99
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
Why Your IRA Could Crash on June 16th (Ad)
Alibaba Unveils Its Spin-Off Plans
The Most Upgraded Stocks From The Q1 Earnings Season
Why Your IRA Could Crash on June 16th (Ad)
Oman launches $5B investment fund as part of efforts to diversify oil-dependant economy
Can the Dow's 2023 Runaway Winners Keep Running?
Why Your IRA Could Crash on June 16th (Ad)
KLA Shares Soars As Chip Equipment Makers Surge 21% In May
Can These Two Crypto Stocks Stage a Comeback?
TSE:FTS

Fortis (FTS) Stock Forecast, Price & News

C$57.10
+0.29 (+0.51%)
(As of 05/31/2023 ET)
Compare
Today's Range
C$56.49
▼
C$57.31
50-Day Range
C$54.52
▼
C$61.55
52-Week Range
C$48.45
▼
C$63.96
Volume
2.19 million shs
Average Volume
1.96 million shs
Market Capitalization
C$27.66 billion
P/E Ratio
19.42
Dividend Yield
3.96%
Price Target
C$58.65
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Fortis MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
2.7% Upside
C$58.65 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of Fortis in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.33 out of 5 stars

See Top Rated MarketRank™ Stocks Here

FTS stock 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.

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FTS Stock News Headlines

May 31, 2023 | ca.finance.yahoo.com
Better Dividend Buy: Emera or Fortis Stock?
May 29, 2023 | msn.com
Putting Off Investing in Your TFSA? 2 Stocks to Just Buy Already
June 1, 2023 | Behind the Markets (Ad)
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May 29, 2023 | msn.com
Unlock Your Homeownership Goals: 1 Stock for a Growing FHSA
May 28, 2023 | americanbankingnews.com
Brokerages Set Fortis Inc. (TSE:FTS) PT at C$58.65
May 23, 2023 | msn.com
Fortis Q4 net profit rises 59% to Rs 138 crore
May 23, 2023 | ca.finance.yahoo.com
This Canadian Utility Stock Is a Reliable Value Bet
May 22, 2023 | americanbankingnews.com
UBS Group Trims Fortis (TSE:FTS) Target Price to C$53.00
June 1, 2023 | Vantage Point (Ad)
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May 15, 2023 | theglobeandmail.com
Closing Bell: Fortis Inc Pref Ser H down on Friday (FTS-PR-H)
May 15, 2023 | americanbankingnews.com
Fortis Inc. (TSE:FTS) Plans $0.57 Quarterly Dividend
May 12, 2023 | theglobeandmail.com
Closing Bell: Fortis Inc Pref Ser K down on Friday (FTS-PR-K)
May 10, 2023 | theglobeandmail.com
Closing Bell: Fortis Inc Pref Ser H up on Wednesday (FTS-PR-H)
May 10, 2023 | theglobeandmail.com
Closing Bell: Fortis Inc Pref Ser K down on Tuesday (FTS-PR-K)
May 10, 2023 | theglobeandmail.com
Closing Bell: Fortis Inc Pref Ser H down on Tuesday (FTS-PR-H)
May 10, 2023 | nasdaq.com
FTS Crosses Above Average Analyst Target
May 10, 2023 | marketwatch.com
Fortis Inc. stock rises Monday, outperforms market
May 10, 2023 | marketwatch.com
Fortis Inc. stock falls Tuesday, underperforms market
May 10, 2023 | americanbankingnews.com
FY2023 EPS Estimates for Fortis Inc. (TSE:FTS) Cut by Analyst
May 9, 2023 | americanbankingnews.com
Fortis Inc. Forecasted to Earn Q2 2023 Earnings of $0.64 Per Share (TSE:FTS)
May 8, 2023 | americanbankingnews.com
National Bankshares Boosts Fortis (TSE:FTS) Price Target to C$57.00
May 7, 2023 | americanbankingnews.com
Fortis (TSE:FTS) Price Target Raised to C$60.00
May 7, 2023 | americanbankingnews.com
TD Securities Boosts Fortis (TSE:FTS) Price Target to C$66.00
May 5, 2023 | americanbankingnews.com
Fortis (TSE:FTS) PT Raised to C$57.00
May 5, 2023 | americanbankingnews.com
Fortis (TSE:FTS) Price Target Raised to C$65.00 at Raymond James
May 5, 2023 | americanbankingnews.com
Fortis (TSE:FTS) Given New C$61.00 Price Target at CIBC
May 5, 2023 | americanbankingnews.com
Fortis Inc. (TSE:FTS) Receives C$57.96 Consensus PT from Analysts
See More Headlines
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FTS Company Calendar

Last Earnings
11/02/2018
Ex-Dividend for 6/1 Dividend
5/16/2023
Today
5/31/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
7/27/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Utilities - Regulated Electric
Sub-Industry
N/A
Sector
Utilities
Current Symbol
TSE:FTS
CUSIP
N/A
CIK
N/A
Web
www.fortisinc.com
Phone
+1-709-7372800
Fax
N/A
Employees
9,095
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$58.65
High Stock Price Forecast
C$66.00
Low Stock Price Forecast
C$52.00
Forecasted Upside/Downside
+2.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$2.94
Trailing P/E Ratio
19.42
Forward P/E Ratio
20.59
P/E Growth
3.1
Net Income
C$1.42 billion
Net Margins
12.85%
Pretax Margin
N/A
Return on Equity
7.28%
Return on Assets
3.03%

Debt

Debt-to-Equity Ratio
127.94
Current Ratio
0.68
Quick Ratio
0.36

Sales & Book Value

Annual Sales
C$11.53 billion
Price / Sales
2.40
Cash Flow
C$0.87 per share
Price / Cash Flow
65.80
Book Value
C$40.55 per share
Price / Book
1.41

Miscellaneous

Outstanding Shares
484,500,000
Free Float
N/A
Market Cap
C$27.66 billion
Optionable
Optionable
Beta
0.17

Key Executives

  • Mr. David Gerard Hutchens (Age 56)
    Pres, CEO & Director
    Comp: $3.63M
  • Ms. Jocelyn H. Perry (Age 52)
    Exec. VP & CFO
    Comp: $1.5M
  • Mr. James R. Reid
    Exec. VP of Sustainability & Chief Legal Officer
  • Mr. Gary J. Smith (Age 61)
    Exec. VP of Operations & Innovation
  • Mr. Kevin D. Woodbury
    VP of Innovation & Technology
  • 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 (Age 50)
    Exec. VP of Western Utility Operations

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













FTS Stock - Frequently Asked Questions

Should I buy or sell Fortis stock right now?

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

What is Fortis' stock price forecast for 2023?

7 analysts have issued 1 year price targets for Fortis' shares. Their FTS share price forecasts range from C$52.00 to C$66.00. On average, they predict the company's share price to reach C$58.65 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
View analysts price targets for FTS or view top-rated stocks among Wall Street analysts.

How have FTS shares performed in 2023?

Fortis' stock was trading at C$54.18 on January 1st, 2023. Since then, FTS shares have increased by 5.4% and is now trading at C$57.10.
View the best growth stocks for 2023 here.

When is Fortis' next earnings date?

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

How were Fortis' earnings last quarter?

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

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

Fortis declared a quarterly dividend on Tuesday, May 16th. Shareholders 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 annualized dividend and a yield of 3.96%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for FTS.

Is Fortis a good dividend stock?

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.

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 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.
Compare Top Brokerages Here.

What is Fortis' stock price today?

One share of FTS stock can currently be purchased for approximately C$57.10.

How much money does Fortis make?

Fortis (TSE:FTS) has a market capitalization of C$27.66 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.

How many employees does Fortis have?

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

This page (TSE:FTS) was last updated on 6/1/2023 by MarketBeat.com Staff

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