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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 422,000 retail customers in southeastern Arizona; and 96,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 2,834 megawatts (MW), including 64 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 1,008,000 customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 556,000 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 266,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 80,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 44,000 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.
Industry, Sector and Symbol
Industry Utilities - Regulated Electric
Sub-IndustryN/A
SectorUtilities
SymbolTSE:FTS
CUSIPN/A
Phone+1-709-7372800
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net Margins16.89%
Return on Equity8.20%
Return on Assets2.73%
Miscellaneous
EmployeesN/A
Outstanding Shares423,000,000
Fortis (TSE:FTS) Frequently Asked Questions
What is Fortis' stock symbol?
Fortis trades on the Toronto Stock Exchange (TSX) under the ticker symbol "FTS."
How often does Fortis pay dividends? What is the dividend yield for Fortis?
Fortis declared a quarterly dividend on Wednesday, February 14th. Shareholders of record on Friday, May 18th will be given a dividend of 0.425 per share on Friday, June 1st. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, May 17th. View Fortis' Dividend History.
How were Fortis' earnings last quarter?
Fortis Inc. (TSE:FTS) announced its quarterly earnings results on Tuesday, May, 1st. The company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.69. The business earned $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. Fortis had a return on equity of 8.20% and a net margin of 16.89%. View Fortis' Earnings History.
When is Fortis' next earnings date?
What price target have analysts set for FTS?
7 equities research analysts have issued twelve-month target prices for Fortis' stock. Their forecasts range from C$40.00 to C$49.00. On average, they anticipate Fortis' share price to reach C$46.63 in the next twelve months. View Analyst Ratings for Fortis.
Who are some of Fortis' key competitors?
Some companies that are related to Fortis include Endesa (ELEZY), Innogy (IGY), Hydro One (H), Terna Group (TRN), Verbund (OEZVY), Spark Infrastructure Group (SKI), Capital Power (CPX), ERM Power (EPW), Caribbean Utilities (CUPUF), Pacific Energy (PEA), KSK Power Ventur (KSK), Ipso Ventures (PPG), Synex International (SXI), Greencoat Renewables (GRP) and Hydro One (HRNNF).
Who are Fortis' key executives?
Fortis' management team includes the folowing people:
- Mr. Barry V. Perry, Pres, CEO & Director (Age 53)
- Mr. Karl W. T. Smith CA, (B.Comm), Exec. VP & CFO (Age 59)
- Ms. Nora M. Duke CA, Exec. VP of Sustainability & Chief Human Resource Officer (Age 56)
- Mr. James P. Laurito, Exec. VP of Bus. Devel. (Age 62)
- Mr. Phonse J. Delaney, Exec. VP & Chief Information Officer
Has Fortis been receiving favorable news coverage?
News stories about FTS stock have been trending positive this week, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fortis earned a coverage optimism score of 0.29 on Accern's scale. They also assigned media headlines about the company an impact score of 47.04 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
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$41.95.
How big of a company is Fortis?
Fortis has a market capitalization of C$18.12 billion.
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.
MarketBeat Community Rating for Fortis (FTS)
MarketBeat's community ratings are surveys of what our community members think about Fortis and other stocks. Vote "Outperform" if you believe FTS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FTS will underperform the S&P 500 over the long term. You may vote once every thirty days.
Fortis (TSE:FTS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Fortis in the last 12 months. Their average twelve-month price target is C$46.63, suggesting that the stock has a possible upside of 11.14%. The high price target for FTS is C$49.00 and the low price target for FTS is C$40.00. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.71 | 2.86 | 2.75 | 2.63 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | C$46.63 | C$46.75 | C$46.75 | C$49.00 |
| Price Target Upside: | 11.14% upside | 9.74% upside | 11.74% upside | 2.42% upside |
Fortis (TSE:FTS) Consensus Price Target History
Fortis (TSE:FTS) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Fortis (TSE:FTS) Dividend Information
Fortis pays an annual dividend of C$1.65 per share, with a dividend yield of 3.93%. FTS's next quarterly dividend payment will be made on Friday, June 1.
| Next Dividend: | 6/1/2018 |
| Annual Dividend: | $1.65 |
| Dividend Yield: | 3.93% |
| Payout Ratio(s): | N/A |
Fortis (TSE:FTS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/14/2018 | Quarterly | $0.4250 | 3.94% | 5/17/2018 | 5/18/2018 | 6/1/2018 |
| 12/7/2017 | Quarterly | $0.4250 | 3.98% | 2/14/2018 | 2/15/2018 | 3/1/2018 |
| 11/17/2017 | Quarterly | $0.4250 | 3.58% | 11/17/2017 | 12/1/2017 | 12/1/2017 |
| 7/31/2017 | Quarterly | $0.40 | 3.46% | 8/17/2017 | 8/21/2017 | 9/1/2017 |
| 2/15/2017 | quarterly | $0.40 | 3.62% | 5/17/2017 | 5/19/2017 | 6/1/2017 |
| 2/14/2017 | Quarterly | $0.40 | 3.9% | 2/14/2017 | 3/1/2017 | 3/1/2017 |
| 9/27/2016 | quarterly | $0.40 | 3.7% | 11/16/2016 | 11/18/2016 | 12/1/2016 |
| 7/28/2016 | quarterly | $0.3750 | 3.47% | 8/17/2016 | 8/19/2016 | 9/1/2016 |
| 2/17/2016 | quarterly | $0.3750 | 3.85% | 5/16/2016 | 5/18/2016 | 6/1/2016 |
| 12/16/2015 | quarterly | $0.3750 | 3.85% | 2/12/2016 | 2/17/2016 | 3/1/2016 |
| 9/29/2015 | quarterly | $0.3750 | 3.84% | 11/16/2015 | 11/18/2015 | 12/1/2015 |
| 5/6/2015 | quarterly | $0.34 | 3.72% | 8/17/2015 | 8/19/2015 | 9/1/2015 |
| 2/18/2015 | quarterly | $0.34 | 3.42% | 5/15/2015 | 5/19/2015 | 6/1/2015 |
| 12/17/2014 | quarterly | $0.34 | 3.28% | 2/12/2015 | 2/17/2015 | 3/1/2015 |
| 10/22/2014 | Quarterly | $0.32 | 3.7% | 10/22/2014 | 12/1/2014 | 12/1/2014 |
| 8/13/2014 | Quarterly | $0.32 | 3.79% | 8/13/2014 | 9/1/2014 | 9/1/2014 |
| 3/13/2014 | quarterly | $0.32 | 3.98% | 5/14/2014 | 5/16/2014 | 6/1/2014 |
| 12/9/2013 | quarterly | $0.32 | 4.28% | 2/12/2014 | 2/14/2014 | 3/1/2014 |
| 3/20/2013 | quarterly | $0.31 | | | 5/17/2013 | 6/1/2013 |
| 12/11/2012 | quarterly | $0.31 | | | 2/14/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Fortis (TSE FTS) Insider Trading and Institutional Ownership History
Fortis (TSE FTS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/19/2018 | David Gerard Hutchens | Director | Buy | 16,300 | C$32.74 | C$533,662.00 | | |
| 3/13/2018 | Barry Perry | Director | Buy | 138 | C$43.12 | C$5,950.56 | | |
| 2/26/2018 | Gary Joseph Smith | Director | Sell | 10,072 | C$42.10 | C$424,031.20 | | |
| 2/23/2018 | Barry Perry | Director | Buy | 150 | C$41.85 | C$6,277.50 | | |
| 11/9/2017 | Jamie Roberts | Director | Sell | 1,569 | C$48.11 | C$75,484.59 | | |
| 10/18/2017 | Earl Ludlow | Insider | Sell | 35,056 | C$46.45 | C$1,628,351.20 | | |
| 9/1/2017 | Albert Ernst | Director | Buy | 76 | C$0.00 | C$0.00 | | |
| 6/22/2017 | Nora Duke | Insider | Sell | 33,688 | C$46.24 | C$1,557,733.12 | | |
| 6/19/2017 | David Bennett | Insider | Buy | 13,401 | C$45.99 | C$616,311.99 | | |
| 6/9/2017 | Albert Ernst | Director | Sell | 700 | C$33.52 | C$23,464.00 | | |
| 6/8/2017 | Karen J Gosse | Insider | Buy | 58 | C$45.31 | C$2,627.98 | | |
| 6/6/2017 | Jamie Roberts | Director | Sell | 4,836 | C$45.58 | C$220,424.88 | | |
| 6/6/2017 | Karl W Smith | Insider | Sell | 54,024 | C$45.53 | C$2,459,712.72 | | |
| 7/8/2016 | David Bennett | Insider | Sell | 11,815 | C$44.01 | C$519,978.15 | | |
| 7/7/2016 | Michael A Mulcahy | Director | Sell | 100 | C$44.40 | C$4,440.00 | | |
| 4/7/2016 | Karen J Gosse | Insider | Buy | 100 | C$40.00 | C$4,000.00 | | |
| 3/22/2016 | Nora Duke | Insider | Sell | 28,096 | C$40.25 | C$1,130,864.00 | | |
| 3/8/2016 | Nora Duke | Insider | Sell | 13,470 | C$40.00 | C$538,800.00 | | |
| 2/29/2016 | Christopher F Scott | Director | Buy | 400 | C$37.77 | C$15,108.00 | | |
| 2/24/2016 | Barry Perry | Director | Buy | 385 | C$37.95 | C$14,610.75 | | |
| 10/21/2015 | Karl W Smith | Insider | Sell | 32,280 | C$39.36 | C$1,270,605.36 | | |
| 10/20/2015 | James Spinney | Insider | Sell | 27,103 | C$39.00 | C$1,057,017.00 | | |
| 10/7/2015 | Jamie Roberts | Director | Sell | 8,373 | C$38.60 | C$323,206.17 | | |
| 9/10/2015 | Tracey Colleen Ball | Director | Buy | 4,600 | C$34.90 | C$160,540.00 | | |
| 9/3/2015 | David Gerard Hutchens | Director | Buy | 8,888 | C$26.70 | C$237,308.71 | | |
| 4/10/2015 | Michael A Mulcahy | Director | Sell | 1,647 | C$39.46 | C$64,990.62 | | |
| 3/26/2015 | Earl Ludlow | Insider | Sell | 34,706 | C$39.73 | C$1,378,973.50 | | |
| 3/2/2015 | James Spinney | Insider | Buy | 1,413 | C$0.00 | C$0.00 | | |
| 1/20/2015 | Michael Arnold Pavey | Director | Sell | 12,000 | C$40.02 | C$480,247.20 | | |
| 11/27/2014 | David Bennett | Insider | Sell | 23,694 | C$39.14 | C$927,442.40 | | |
| 11/27/2014 | David Norris | Director | Sell | 7,352 | C$39.06 | C$287,175.00 | | |
| 11/25/2014 | Karl W Smith | Insider | Sell | 4,000 | C$38.86 | C$155,450.00 | | |
| 11/24/2014 | Karl W Smith | Insider | Sell | 6,300 | C$38.87 | C$244,886.67 | | |
| 11/12/2014 | Karl W Smith | Insider | Sell | 40,748 | C$37.75 | C$1,538,237.00 | | |
(Data available from 1/1/2013 forward)
Fortis (TSE FTS) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Fortis Financial, Inc. Announces Successful Completion of $15 Million Common Equity Private Placement
www.bizjournals.com - May 24 at 4:27 PM |
 | Fortis loses fourth board member in blow to founders
www.ft.com - May 23 at 9:11 AM |
 | Should You Buy Fortis Inc. or Emera Inc. Today?
www.fool.ca - May 21 at 4:25 PM |
| Three quit India's Fortis Healthcare board ahead of crunch meeting
www.ft.com - May 21 at 9:38 AM |
| Foreign investors rebel in battle for India's Fortis
www.ft.com - May 20 at 9:53 AM |
 | Why price targets so often miss the mark
www.theglobeandmail.com - May 19 at 9:33 AM |
| Debunking the Myths About Utility Investments
www.fool.ca - May 17 at 9:46 AM |
 | Fortis Inc. (FTS) Ex-Dividend Date Scheduled for May 17, 2018
www.nasdaq.com - May 16 at 4:27 PM |
| How to Think About a Fortis Inc. Investment
www.fool.ca - May 15 at 4:23 PM |
 | Fortis Institute-Nashville Nursing Program Scores Rare 100% First-Time NCLEX Passing Rate
www.prnewswire.com - May 15 at 4:23 PM |
| TFSA Dividend Investors: Should You Own Fortis Inc. or Telus Corporation Today?
www.fool.ca - May 13 at 9:58 AM |
 | Fortis Inc. (FTS) Announces Quarterly Dividend of $0.43
www.americanbankingnews.com - May 12 at 8:48 AM |
| Why Buying Fortis Stock Will Help You Weather a Stormy Equity Market
www.fool.ca - May 11 at 4:33 PM |
| 2 Top Dividend Stocks You Can Safely Own for the Next 30 Years
www.fool.ca - May 10 at 4:25 PM |
 | Fortis Healthcare Picks Bid From India Tycoons in Takeover Fight
www.bloomberg.com - May 10 at 4:25 PM |
| Indian hospital penta-scrum poses board quandary
www.nasdaq.com - May 9 at 9:36 AM |
| Bird's eye view of bids for India's Fortis Healthcare
www.nasdaq.com - May 8 at 4:24 PM |
 | BRIEF-Fortis Healthcare Says UBS Principal Capital Asia Ltd Cuts Stake In Co By 5.44 Pct
www.reuters.com - May 7 at 10:06 AM |
| TPG-Backed Company Revises Bid for India's No. 2 Hospital Chain
www.bloomberg.com - May 7 at 10:06 AM |
| Fortis Inc. (FTS) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 6 at 8:01 PM |
| RRSP Investors: Should Fortis Inc. or BCE Inc. Be a Top Pick Right Now?
www.fool.ca - May 4 at 4:27 PM |
| BRIEF-India's Fortis Healthcare Says Appoints Arpwood Capital As Financial Adviser To Board
www.reuters.com - May 4 at 4:27 PM |
| BRIEF-Manipal-TPG Likely To Revise Bid For India's Fortis Healthcare - CNBC TV18, Citing Sources
www.reuters.com - May 4 at 9:27 AM |
| National Bank Financial Weighs in on Fortis Inc.'s FY2018 Earnings (FTS)
www.americanbankingnews.com - May 4 at 8:04 AM |
| Fortis Inc. Shareholders Approve Election of Directors, appointment of Auditors and Say on Pay
www.nasdaq.com - May 3 at 4:21 PM |
 | Fortis Inc. Shareholders Approve Election of Directors, appointment of Auditors and Say on Pay
finance.yahoo.com - May 3 at 4:21 PM |
| RPT-Manipal-led bid for India's Fortis faces objections -sources
www.reuters.com - May 3 at 9:28 AM |
| BRIEF-Fortis Healthcare Clarifies Singh Brothers Do Not Hold Any Stake In RHT Health Trust
www.reuters.com - May 2 at 4:25 PM |
| Manipal-led bid for India's Fortis faces objections -sources
www.reuters.com - May 2 at 4:25 PM |
| National Bank Financial Raises Fortis (FTS) Price Target to C$44.00
www.americanbankingnews.com - May 2 at 2:36 PM |
| Fortis (FTS) PT Lowered to C$48.00 at CIBC
www.americanbankingnews.com - May 2 at 2:36 PM |
| Scotiabank Lowers Fortis (FTS) to Sector Perform
www.americanbankingnews.com - May 2 at 2:36 PM |
| Fortis (FTS) Posts Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - May 1 at 8:12 PM |
| BRIEF-Fortis Names New Executive Vice President, Chief Financial Officer
www.reuters.com - May 1 at 9:31 AM |
| BRIEF-India's Fortis Healthcare Gets Modified Investment Proposal From Munjals & Burmans
www.reuters.com - May 1 at 9:31 AM |
| BRIEF-Fortis Reports Q1 Earnings Per Share C$0.77
www.reuters.com - May 1 at 9:31 AM |
 | Fortis, Inc. 2018 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 1 at 9:31 AM |
| BRIEF-Board of India's Fortis will meet on Apr 27 to decide on bids to restructure co
www.reuters.com - April 26 at 4:22 PM |
| Q1 2018 Earnings Forecast for Fortis Inc. Issued By National Bank Financial (FTS)
www.americanbankingnews.com - April 26 at 8:12 AM |
| BRIEF-Fortis Says Conditions Sought By Manipal, TPG Would Limit Co's Ability To Run Competitive Bid Process
www.reuters.com - April 25 at 4:24 PM |
| IHH Sees Fortis Complementing Its India Business as Race Hots Up
www.bloomberg.com - April 25 at 4:24 PM |
| Royal Bank of Canada or Fortis Inc. for Your RRSP Today?
www.fool.ca - April 25 at 10:05 AM |
| BRIEF-Fortis Healthcare Says Co Has Received Revised Offer From Radiant Life Care Private Ltd
www.reuters.com - April 24 at 4:19 PM |
| KKR-backed Radiant revises offer for India's Fortis
www.reuters.com - April 24 at 4:19 PM |
| Advisory: Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2018 Results and Hold Annual Meeting on May 3
finance.yahoo.com - April 24 at 4:18 PM |
| CIBC Trims Fortis (FTS) Target Price to C$50.00
www.americanbankingnews.com - April 24 at 2:28 PM |
| BRIEF-Fortis Healthcare Says Got Improved Offer From IHH To Invest Directly Into Co
www.reuters.com - April 24 at 9:33 AM |
| BRIEF-IHH Healthcare Issues Revised Proposal To Fortis Healthcare
www.reuters.com - April 24 at 9:33 AM |
| Fortis (FTS) to Release Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 24 at 9:00 AM |
| BRIEF-Fortis Healthcare Gets Letter Extending Validity Period Of Improved Offer From Hero/Munjals, Burmans Till May 4
www.reuters.com - April 23 at 9:50 AM |
Fortis (TSE:FTS) SEC Filings
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Fortis (TSE FTS) Stock Chart for Thursday, May, 24, 2018
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