Fortis Company Profile (TSE:FTS)

About Fortis (TSE:FTS)

Fortis logoFortis Inc. is a Canada-based electric and gas utility holding company. The Company's segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Energy Inc. (FortisBC Energy), FortisBC Inc. (FortisBC Electric) and Newfoundland Power Inc. (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: C$19.55 billion
  • Outstanding Shares: 417,899,000
Average Prices:
  • 50 Day Moving Avg: C$45.32
  • 200 Day Moving Avg: C$45.09
  • 52 Week Range: C$39.58 - C$47.06
P/E:
  • Trailing P/E Ratio: 20.16
  • P/E Growth: 3.35
Sales & Book Value:
  • Annual Revenue: C$7.87 billion
  • Price / Sales: 2.48
  • Book Value: C$32.76 per share
  • Price / Book: 1.43
Dividend:
  • Dividend Yield: 3.5%
Profitability:
  • EBITDA: C$3.23 billion
  • Net Margins: 15.48%
  • Return on Equity: 7.56%
  • Return on Assets: 2.62%
Misc:
  • Average Volume: 740,808 shs.
  • Short Ratio: 25.9
 

Frequently Asked Questions for Fortis (TSE:FTS)

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 Monday, July 31st. Investors of record on Monday, August 21st will be paid a dividend of 0.40 per share on Friday, September 1st. This represents a $1.60 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, August 17th. View Fortis' Dividend History.

How were Fortis' earnings last quarter?

Fortis Inc (TSE:FTS) posted its quarterly earnings results on Friday, July, 31st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.08. The company had revenue of $1.54 billion for the quarter. Fortis had a return on equity of 7.56% and a net margin of 15.48%. View Fortis' Earnings History.

When will Fortis make its next earnings announcement?

Fortis is scheduled to release their next quarterly earnings announcement on Friday, November, 3rd 2017. View Earnings Estimates for Fortis.

Where is Fortis' stock going? Where will Fortis' stock price be in 2017?

8 brokerages have issued twelve-month price objectives for Fortis' stock. Their predictions range from C$40.00 to C$51.00. On average, they expect Fortis' share price to reach C$48.56 in the next twelve months. View Analyst Ratings for Fortis.

Who are some of Fortis' key competitors?

Who are Fortis' key executives?

Fortis' management team includes the folowing people:

  • Barry V. Perry, President, Chief Executive Officer, Director
  • Karl W. Smith, Executive Vice President, Chief Financial Officer
  • Nora M. Duke, Executive Vice President - Corporate Services, Chief Human Resource Officer
  • James P. Laurito, Executive Vice President - Business Development
  • Earl A. Ludlow, Executive Vice President - Eastern Canadian and Caribbean Operations
  • Jamie D. Roberts, Vice President, Controller
  • James D. Spinney, Vice President, Treasurer
  • Janet A. Craig, Vice President of Investor Relations
  • David C. Bennett, Vice President, Chief Legal Officer and Corporate Secretary
  • Karen J. Gosse, Vice President - Planning and Forecasting

How do I buy Fortis stock?

Shares of Fortis 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 Fortis stock can currently be purchased for approximately C$46.78.


MarketBeat Community Rating for Fortis (TSE FTS)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  231 (Vote Outperform)
Underperform Votes:  208 (Vote Underperform)
Total Votes:  439
MarketBeat's community ratings are surveys of what our community members think about Fortis and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Fortis (TSE:FTS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.63)
Consensus Price Target: C$48.56
Consensus Price Target History for Fortis (TSE:FTS)
Price Target History for Fortis (TSE:FTS)
Analysts' Ratings History for Fortis (TSE:FTS)
Show:
DateFirmActionRatingPrice TargetDetails
10/19/2017J P Morgan Chase & CoBoost Price TargetC$47.00 -> C$48.00View Rating Details
10/17/2017CIBCBoost Price TargetC$48.00 -> C$49.00View Rating Details
10/17/2017National Bank FinancialReiterated RatingSector PerformC$48.00 -> C$49.00View Rating Details
9/15/2017BMO Capital MarketsSet Price TargetC$51.50 -> C$51.00View Rating Details
7/31/2017ScotiabankReiterated RatingOutperformC$50.00View Rating Details
7/31/2017Royal Bank Of CanadaLower Price TargetOutperformC$52.00 -> C$51.00View Rating Details
7/31/2017TD SecuritiesBoost Price TargetBuyC$48.00 -> C$51.00View Rating Details
7/21/2017Barclays PLCBoost Price TargetOverweightC$37.00 -> C$40.00View Rating Details
2/17/2017DesjardinsBoost Price TargetBuyC$46.00 -> C$48.00View Rating Details
1/17/2017Raymond James Financial, Inc.DowngradeOutperform -> Mkt PerformView Rating Details
7/25/2016CSFBBoost Price TargetC$42.00 -> C$46.00View Rating Details
2/10/2016Credit Suisse GroupDowngradeNeutralC$42.00View Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Fortis (TSE:FTS)
Earnings by Quarter for Fortis (TSE:FTS)
Earnings History by Quarter for Fortis (TSE FTS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2017C$0.56N/AView Earnings Details
7/31/2015Q2C$0.44C$0.36C$1.54 billionViewListenView Earnings Details
8/1/2014C$0.26C$0.22C$1.06 billionViewN/AView Earnings Details
5/8/2014C$0.65C$0.64C$1.46 billionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Fortis (TSE:FTS)
2017 EPS Consensus Estimate: $2.56
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.72$0.73$0.73
Q2 20172$0.60$0.61$0.61
Q3 20172$0.54$0.64$0.59
Q4 20171$0.64$0.64$0.64
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Fortis (TSE FTS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/31/2017Quarterly$0.403.46%8/17/20178/21/20179/1/2017
2/15/2017quarterly$0.403.62%5/17/20175/19/20176/1/2017
2/14/2017Quarterly$0.403.9%2/14/20173/1/20173/1/2017
9/27/2016quarterly$0.403.7%11/16/201611/18/201612/1/2016
7/28/2016quarterly$0.383.47%8/17/20168/19/20169/1/2016
2/17/2016quarterly$0.383.85%5/16/20165/18/20166/1/2016
12/16/2015quarterly$0.383.85%2/12/20162/17/20163/1/2016
9/29/2015quarterly$0.383.84%11/16/201511/18/201512/1/2015
5/6/2015quarterly$0.343.72%8/17/20158/19/20159/1/2015
2/18/2015quarterly$0.343.42%5/15/20155/19/20156/1/2015
12/17/2014quarterly$0.343.28%2/12/20152/17/20153/1/2015
10/22/2014Quarterly$0.323.7%10/22/201412/1/201412/1/2014
8/13/2014Quarterly$0.323.79%8/13/20149/1/20149/1/2014
3/13/2014quarterly$0.323.98%5/14/20145/16/20146/1/2014
12/9/2013quarterly$0.324.28%2/12/20142/14/20143/1/2014
3/20/2013quarterly$0.315/17/20136/1/2013
12/11/2012quarterly$0.312/14/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Fortis (TSE:FTS)
Insider Trades by Quarter for Fortis (TSE:FTS)
Insider Trades by Quarter for Fortis (TSE:FTS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/18/2017Earl LudlowInsiderSell35,056C$46.45C$1,628,351.20
9/1/2017Albert ErnstDirectorBuy76C$0.00C$0.00
6/22/2017Nora DukeInsiderSell33,688C$46.24C$1,557,733.12
6/19/2017David BennettInsiderBuy13,401C$45.99C$616,311.99
6/9/2017Albert ErnstDirectorSell700C$33.52C$23,464.00
6/8/2017Karen J GosseInsiderBuy58C$45.31C$2,627.98
6/6/2017Jamie RobertsDirectorSell4,836C$45.58C$220,424.88
6/6/2017Karl W SmithInsiderSell54,024C$45.53C$2,459,712.72
7/8/2016David BennettInsiderSell11,815C$44.01C$519,978.15
7/7/2016Michael A MulcahyDirectorSell100C$44.40C$4,440.00
4/7/2016Karen J GosseInsiderBuy100C$40.00C$4,000.00
3/22/2016Nora DukeInsiderSell28,096C$40.25C$1,130,864.00
3/8/2016Nora DukeInsiderSell13,470C$40.00C$538,800.00
2/29/2016Christopher F ScottDirectorBuy400C$37.77C$15,108.00
2/24/2016Barry PerryDirectorBuy385C$37.95C$14,610.75
10/21/2015Karl W SmithInsiderSell32,280C$39.36C$1,270,605.36
10/20/2015James SpinneyInsiderSell27,103C$39.00C$1,057,017.00
10/7/2015Jamie RobertsDirectorSell8,373C$38.60C$323,206.17
9/10/2015Tracey Colleen BallDirectorBuy4,600C$34.90C$160,540.00
9/3/2015David Gerard HutchensDirectorBuy8,888C$26.70C$237,308.71
4/10/2015Michael A MulcahyDirectorSell1,647C$39.46C$64,990.62
3/26/2015Earl LudlowInsiderSell34,706C$39.73C$1,378,973.50
3/2/2015James SpinneyInsiderBuy1,413C$0.00C$0.00
1/20/2015Michael Arnold PaveyDirectorSell12,000C$40.02C$480,247.20
11/27/2014David BennettInsiderSell23,694C$39.14C$927,442.40
11/27/2014David NorrisDirectorSell7,352C$39.06C$287,175.00
11/25/2014Karl W SmithInsiderSell4,000C$38.86C$155,450.00
11/24/2014Karl W SmithInsiderSell6,300C$38.87C$244,886.67
11/12/2014Karl W SmithInsiderSell40,748C$37.75C$1,538,237.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Fortis (TSE:FTS)
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Chart

Fortis (FTS) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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