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 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizonas Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 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 994,000 customers in approximately 135 communities in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 549,000 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 hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 264,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 79,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 65,000 customers in Fort Erie, Cornwall, Gananoque, Port Colborne, and the District of Algoma in Ontario; approximately 43,200 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 Aitken Creek. Fortis Inc. was founded in 1977 and is headquartered in St. John's, Canada.
Industry, Sector and Symbol:
Capitalization:- Market Cap: C$18.94 billion
- Outstanding Shares: 417,899,000
Average Prices:- 50 Day Moving Avg: C$45.15
- 200 Day Moving Avg: C$44.29
- 52 Week Range: C$39.58 - C$47.06
P/E:- Trailing P/E Ratio: 19.52
- P/E Growth: 3.51
Sales & Book Value:- Annual Revenue: C$7.87 billion
- Price / Sales: 2.41
- Book Value: C$32.76 per share
- Price / Book: 1.38
Dividend:
Profitability:- EBIDTA: C$3.23 billion
- Net Margins: 15.48%
- Return on Equity: 7.56%
- Return on Assets: 2.62%
Misc:- Average Volume: 766,257 shs.
- Short Ratio: 18.12
Frequently Asked Questions for Fortis (TSE:FTS)
What is Fortis' stock symbol?
Fortis trades on the Tornton 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. Shareholders 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 dividend yield of 3.53%. 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 data on Friday, July, 31st. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.08. The firm earned $1.54 billion during 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?
Where is Fortis' stock going? Where will Fortis' stock price be in 2017?
7 brokerages have issued 12-month target prices for Fortis' shares. Their forecasts range from C$40.00 to C$51.00. On average, they anticipate Fortis' share price to reach C$47.75 in the next year. View Analyst Ratings for Fortis.
Who are some of Fortis' key competitors?
Some companies that are related to Fortis include BT Group PLC (BT), Exelon Corporation (EXC), Telstra Corp. (TLSYY), American Electric Power Company (AEP), Pacific Gas & Electric Co. (PCG), National Grid plc (NG), Sempra Energy (SRE), Vivendi SA (VIVHY), PPL Corporation (PPL), Chunghwa Telecom Co. (CHT), Spark New Zealand Ltd (SPKKY), Edison International (EIX), Swisscom AG (SCMWY), Consolidated Edison (ED), Telefonica Brasil S.A. (VIV), Xcel Energy (XEL), Korea Electric Power Corporation (KEP) and E.On Se (EONGY).
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$45.31.
MarketBeat Community Rating for Fortis (TSE FTS)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.
Consensus Ratings for Fortis (TSE:FTS) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 5 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.71) |
| Consensus Price Target: | C$47.75 |
Analysts' Ratings History for Fortis (TSE:FTS)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 8/3/2017 | CIBC | Downgrade | Outperform -> Neutral | C$47.00 -> C$48.00 |  |
| 7/31/2017 | Scotiabank | Reiterated Rating | Outperform | C$50.00 | |
| 7/31/2017 | Royal Bank Of Canada | Lower Price Target | Outperform | C$52.00 -> C$51.00 | |
| 7/31/2017 | TD Securities | Boost Price Target | Buy | C$48.00 -> C$51.00 | |
| 7/21/2017 | Barclays PLC | Boost Price Target | Overweight | C$37.00 -> C$40.00 | |
| 2/27/2017 | J P Morgan Chase & Co | Reiterated Rating | Neutral | C$44.00 | |
| 2/17/2017 | Desjardins | Boost Price Target | Buy | C$46.00 -> C$48.00 | |
| 1/17/2017 | Raymond James Financial, Inc. | Downgrade | Outperform -> Mkt Perform | | |
| 7/25/2016 | CSFB | Boost Price Target | | C$42.00 -> C$46.00 | |
| 7/7/2016 | BMO Capital Markets | Boost Price Target | | C$46.00 -> C$49.00 | |
| 2/10/2016 | Credit Suisse Group | Downgrade | Neutral | C$42.00 | |
| 11/9/2015 | National Bank Financial | Reiterated Rating | Sector Perform | C$43.00 | |
(Data available from 8/22/2015 forward)
Earnings History for Fortis (TSE:FTS)Earnings History by Quarter for Fortis (TSE FTS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/3/2017 | | | | | | | | |
| 7/31/2015 | Q2 | $0.44 | $0.36 | | $1.54 billion | View | Listen | |
| 8/1/2014 | | $0.26 | $0.22 | | $1.06 billion | View | N/A | |
| 5/8/2014 | | $0.65 | $0.64 | | $1.46 billion | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Fortis (TSE:FTS)2017 EPS Consensus Estimate: $2.51
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.72 | $0.73 | $0.73 |
| Q2 2017 | 2 | $0.60 | $0.61 | $0.61 |
| Q3 2017 | 1 | $0.54 | $0.54 | $0.54 |
| Q4 2017 | 1 | $0.64 | $0.64 | $0.64 |
(Data provided by Zacks Investment Research)
Dividend History by Quarter for Fortis (TSE FTS)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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 | $0.38 | 3.47% | 8/17/2016 | 8/19/2016 | 9/1/2016 |
| 2/17/2016 | quarterly | $0.38 | 3.85% | 5/16/2016 | 5/18/2016 | 6/1/2016 |
| 12/16/2015 | quarterly | $0.38 | 3.85% | 2/12/2016 | 2/17/2016 | 3/1/2016 |
| 9/29/2015 | quarterly | $0.38 | 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)
Insider Trading and Institutional Ownership History for Fortis (TSE:FTS)Insider Trades by Quarter for Fortis (TSE:FTS)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 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)
Headline Trends for Fortis (TSE:FTS)
Latest Headlines for Fortis (TSE:FTS)
| Source: |
|
| Date | Headline |
|---|
 | Fortis, Inc. breached its 50 day moving average in a Bearish Manner : FTS-CA : August 22, 2017
finance.yahoo.com - August 22 at 7:26 PM |
 | Calpine Corporation (CPN) Catches Eye: Stock Jumps 10.5%
www.zacks.com - August 21 at 6:19 PM |
 | A Top Dividend Stock to Own in an Uncertain Market
www.fool.ca - August 21 at 6:19 PM |
| Fortis, Inc. : FTS-CA: Dividend Analysis : August 21st, 2017 (record date) : By the numbers : August 17, 2017
finance.yahoo.com - August 17 at 8:07 PM |
 | Fortis Inc. (FTS) Ex-Dividend Date Scheduled for August 17, 2017 - Nasdaq
www.nasdaq.com - August 16 at 6:57 PM |
| ETFs with exposure to Fortis, Inc. : August 16, 2017
finance.yahoo.com - August 16 at 6:57 PM |
| Fortis Inc.: A Buy-and-Forget Option Your Portfolio Needs
www.fool.ca - August 12 at 6:02 PM |
| Fortis Inc. Announces Termination of Consumer Share Purchase Plan
finance.yahoo.com - August 11 at 7:18 PM |
| Retirees: 2 Top Dividend Stocks I’d Buy Today
www.fool.ca - August 9 at 7:03 PM |
 | Fortis Inc (TSE:FTS) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - August 5 at 12:40 AM |
| Fortis, Inc. :FTS-CA: Earnings Analysis: Q2, 2017 By the Numbers : August 4, 2017
finance.yahoo.com - August 4 at 7:05 PM |
| Research Analysts Set Expectations for Fortis Inc's FY2017 Earnings (FTS)
www.americanbankingnews.com - August 2 at 10:06 AM |
 | Fortis Statement on Waneta Dam Agreement - Benzinga
www.benzinga.com - August 2 at 12:31 AM |
| Fortis Inc Announces Quarterly Dividend of $0.40 (FTS)
www.americanbankingnews.com - August 1 at 11:26 AM |
| Why Fortis Inc. Rose 1% on Friday
www.fool.ca - July 31 at 6:31 PM |
| Fortis, Inc. (Canada) breached its 50 day moving average in a Bullish Manner : FTS-CA : July 31, 2017
finance.yahoo.com - July 31 at 6:31 PM |
| Scotiabank Analysts Give Fortis Inc (FTS) a C$50.00 Price Target
www.americanbankingnews.com - July 31 at 4:47 PM |
| TD Securities Increases Fortis Inc (FTS) Price Target to C$51.00
www.americanbankingnews.com - July 31 at 4:46 PM |
| Royal Bank Of Canada Cuts Fortis Inc (TSE:FTS) Price Target to C$51.00
www.americanbankingnews.com - July 31 at 4:46 PM |
 | Fortis: Q2 2017 Great, A Dividend Growth Stock Is Now Even Better - Seeking Alpha
seekingalpha.com - July 30 at 5:38 PM |
| Edited Transcript of FTS.TO earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 2:05 AM |
| Newfoundland Power declares dividends on Series A, B, D and G First Preference Shares - Benzinga
www.benzinga.com - July 28 at 9:02 PM |
| Fortis' (FTS) CEO Barry Perry on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - July 28 at 9:02 PM |
| Fortis posts 2Q profit
finance.yahoo.com - July 28 at 9:02 PM |
| Fortis Inc (FTS) Set to Announce Earnings on Friday
www.americanbankingnews.com - July 27 at 4:37 PM |
| Is Fortis Inc. (USA) Worth the Premium You'll Have to Pay? | The ... - The Motley Fool Canada
www.fool.ca - July 26 at 7:24 PM |
| Barclays PLC Boosts Fortis Inc (FTS) Price Target to C$40.00
www.americanbankingnews.com - July 21 at 2:26 PM |
| Why Are You Buying This Specific Dividend Stock?
www.fool.ca - July 17 at 10:29 AM |
| Is it Time to Buy Fortis Inc. (USA) Stock? | The Motley Fool Canada - The Motley Fool Canada
www.fool.ca - July 12 at 7:31 PM |
| Fortis Inc (FTS) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 11 at 12:40 AM |
| Fortis Inc. to Hold Teleconference on July 28 to Discuss Second Quarter 2017 Results
finance.yahoo.com - July 10 at 6:49 PM |
| Fortis, Inc. (Canada) – Value Analysis (TORONTO:FTS) : July 10, 2017
finance.yahoo.com - July 10 at 6:49 PM |
| Fortis, Inc. (Canada) breached its 50 day moving average in a Bearish Manner : FTS-CA : July 7, 2017
finance.yahoo.com - July 8 at 10:56 AM |
| Fortis Inc. Announces Closing and Results of Exchange Offer
finance.yahoo.com - July 8 at 10:56 AM |
| Why Now Is Not the Time to Take Profits in Fortis Inc. (USA) | The ... - The Motley Fool Canada
www.fool.ca - July 5 at 7:33 PM |
| Fortis Inc. Is the Only Utility Your Portfolio Needs - The Motley Fool Canada
www.fool.ca - June 30 at 7:09 PM |
| Fortis: Growth Initiatives Will Support 6% Annual Dividend Growth - Seeking Alpha
seekingalpha.com - June 30 at 7:09 PM |
| Should You Take Profits in Fortis Inc.?
www.fool.ca - June 30 at 3:20 AM |
| Pensioners: 2 Dividend-Growth Stocks to Generate Income in Your TFSA - The Motley Fool Canada
www.fool.ca - June 28 at 6:28 PM |
| Fortis (FTS) Presents At J.P. Morgan Energy Equity Investor Conference - Slideshow
seekingalpha.com - June 27 at 5:33 PM |
| Fortis Reaches Analyst Target Price - Nasdaq
www.nasdaq.com - June 27 at 5:33 PM |
 | Sleep Country Rises to 52-Week Highs
www.baystreet.ca - June 26 at 6:47 PM |
| 2 Top Canadian Dividend Stocks to Start Your RRSP - The Motley Fool Canada
www.fool.ca - June 26 at 6:47 PM |
| Fortis Inc. President and CEO Barry Perry to Present at J.P. Morgan Energy Equity Conference
finance.yahoo.com - June 22 at 10:59 PM |
| Fortis Inc (FTS) Insider Sells C$1,557,733.12 in Stock
www.americanbankingnews.com - June 22 at 4:34 PM |
| Fortis Inc (FTS) Insider David Bennett Acquires 13,401 Shares
www.americanbankingnews.com - June 19 at 4:29 PM |
| Now Is Not the Best Time to Buy Fortis Inc.
www.fool.ca - June 16 at 6:02 PM |
| Insider Selling: Fortis Inc (FTS) Director Sells 700 Shares of Stock
www.americanbankingnews.com - June 12 at 4:38 PM |
| Fortis Inc (FTS) Director Sells C$220,424.88 in Stock
www.americanbankingnews.com - June 6 at 4:29 PM |
| Karl W. Smith Sells 54,024 Shares of Fortis Inc (FTS) Stock
www.americanbankingnews.com - June 6 at 4:28 PM |
Fortis (FTS) Chart for Tuesday, August, 22, 2017
