TSE:FTS Fortis - FTS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Fortis Inc. Please log in to your account or sign up in order to add this asset to your watchlist. C$55.64 +0.57 (+1.04%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$54.90▼C$55.6550-Day RangeC$53.45▼C$56.3852-Week RangeC$48.45▼C$65.26Volume2.19 million shsAverage Volume1.92 million shsMarket CapitalizationC$26.72 billionP/E Ratio20.61Dividend Yield4.11%Price TargetC$57.92 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media About Fortis (TSE:FTS) StockFortis 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.Read More Receive FTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter. Email Address FTS Stock News HeadlinesFebruary 5, 2023 | americanbankingnews.comNational Bank Financial Weighs in on Fortis Inc.'s Q4 2022 Earnings (TSE:FTS)January 30, 2023 | americanbankingnews.comFortis (TSE:FTS) PT Raised to C$61.00February 7, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. January 28, 2023 | americanbankingnews.comFortis (TSE:FTS) Price Target Increased to C$55.00 by Analysts at National BanksharesJanuary 12, 2023 | finance.yahoo.comFortis Inc. to Hold Teleconference on February 10 to Discuss 2022 Annual ResultsJanuary 1, 2023 | msn.comHere’s an Easy, Balanced, 4-Stock Portfolio for Any InvestorNovember 18, 2022 | finance.yahoo.comFortis Inc. Announces First Quarter Dividends - 2023November 8, 2022 | finance.yahoo.comFortis Third Quarter 2022 Earnings: EPS: CA$0.68 (vs CA$0.63 in 3Q 2021)February 7, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. October 28, 2022 | finance.yahoo.comFortis Inc. Releases Third Quarter 2022 Results and New Five-Year Capital OutlookOctober 21, 2022 | finance.yahoo.comAdvisory: Fortis Inc. to Hold Teleconference on October 28 to Discuss Third Quarter 2022 Results and Five-Year Capital OutlookOctober 18, 2022 | ca.investing.comTSX utility stocks to watch as recession fears risesOctober 18, 2022 | ca.finance.yahoo.comFortis Stock Is Defying the Market Slump (and Pays a Solid Dividend, Too) - Yahoo Canada FinanceOctober 17, 2022 | ca.finance.yahoo.com3 Canadian Gems to Buy If There’s a Recession - Yahoo Canada FinanceOctober 17, 2022 | finance.yahoo.comInvestors in Fortis (TSE:FTS) have unfortunately lost 7.7% over the last yearOctober 17, 2022 | fool.caFortis Stock Is Defying the Market Slump (and Pays a Solid Dividend, Too) - The Motley Fool CanadaOctober 12, 2022 | ca.finance.yahoo.com2 TSX Stocks to Buy Together to Play Both Offence and Defence - Yahoo Canada FinanceOctober 11, 2022 | baystreet.caThis High-Yielding Dividend Stock Just Raised Its Payouts for the 49th Straight Year - Baystreet.caOctober 10, 2022 | ca.finance.yahoo.com3 Canadian Dividend Stocks That Are Screaming Buys Today - Yahoo Canada FinanceOctober 2, 2022 | watchtime.comFortis Introduces Marinemaster M-44 Black Resin Gold - Watchtime.comOctober 2, 2022 | finance.yahoo.comFortis (TSE:FTS) Is Increasing Its Dividend To CA$0.565 - Yahoo FinanceOctober 2, 2022 | finance.yahoo.comFortis (TSE:FTS) Is Increasing Its Dividend To CA$0.565September 29, 2022 | benzinga.comFortis Inc. Announces Quarterly Dividend Increase Marking 49 Consecutive Years of IncreasesSeptember 28, 2022 | finance.yahoo.comFortis Inc. Announces Quarterly Dividend Increase Marking 49 Consecutive Years of IncreasesSeptember 28, 2022 | baystreet.caFortis Inc.September 28, 2022 | ca.finance.yahoo.comStocks in play: Fortis Inc.September 28, 2022 | globenewswire.comFortis Inc. to Hold Teleconference on October 28 to Discuss Third Quarter 2022 Results and Five-Year Capital Outlook - GlobeNewswireSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive FTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter. Email Address FTS Company Calendar Last Earnings11/02/2018Ex-Dividend for 12/1 Dividend11/16/2022Dividend Payable12/01/2022Today2/06/2023Next Earnings (Confirmed)2/10/2023Ex-Dividend for 3/1 Dividend2/14/2023Dividend Payable3/01/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Utilities - Regulated Electric Sub-IndustryN/A SectorUtilities Current SymbolTSE:FTS CUSIPN/A CIKN/A Webwww.fortisinc.com Phone+1-709-7372800FaxN/AEmployees9,095Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$57.92 High Stock Price ForecastC$65.00 Low Stock Price ForecastC$49.00 Forecasted Upside/Downside+4.1%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio20.61 Forward P/E Ratio18.67 P/E Growth3.65Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio126.67 Current Ratio0.62 Quick Ratio0.36 Sales & Book Value Annual SalesC$10.46 billion Price / Sales2.56 Cash FlowC$0.85 per share Price / Cash Flow65.80 Book ValueC$40.60 per share Price / Book1.37Miscellaneous Outstanding Shares480,300,000Free FloatN/AMarket CapC$26.72 billion OptionableOptionable BetaN/A Key ExecutivesMr. David Gerard Hutchens (Age 56)Pres, CEO & Director Comp: $3.63MMs. Jocelyn H. Perry (Age 52)Exec. VP & CFO Comp: $1.5MMr. James R. ReidExec. VP of Sustainability & Chief Legal OfficerMr. Gary J. Smith (Age 61)Exec. VP of Operations & Innovation Mr. Kevin D. WoodburyVP of Innovation & TechnologyMr. Ronald J. HinsleyChief Information Officer & VPMs. Stephanie A. AmaimoVP of Investor RelationsMs. Karen M. McCarthy BPRM.Ed, VP of Communications & Corp. AffairsMr. Regan P. O'DeaVP & Gen. CounselMs. Susan M. Gray (Age 50)Exec. VP of Western Utility Operations More ExecutivesKey CompetitorsHydro OneTSE:HBrookfield Infrastructure PartnersTSE:BIP.UNEmeraTSE:EMABrookfield Renewable PartnersTSE:BEP.UNNorthland PowerTSE:NPIView All CompetitorsInsiders & InstitutionsJames ReidBought 1,000 shares on 6/17/2022Total: C$58,013.00 ($58.01/share)Gary Joseph SmithSold 16,720 sharesTotal: C$1.04 M ($62.03/share)Nora DukeSold 20,000 sharesTotal: C$1.22 M ($60.85/share)Nora DukeSold 17,060 sharesTotal: C$1.03 M ($60.50/share)Nora DukeSold 15,000 sharesTotal: C$900,750.00 ($60.05/share)View All Insider Transactions FTS Stock - Frequently Asked Questions Should I buy or sell Fortis stock right now? 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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? 10 analysts have issued twelve-month target prices for Fortis' shares. Their FTS share price forecasts range from C$49.00 to C$65.00. On average, they predict the company's stock price to reach C$57.92 in the next twelve months. This suggests a possible upside of 4.1% 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 at the beginning of 2023. Since then, FTS shares have increased by 2.7% and is now trading at C$55.64. 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 Friday, February 10th 2023. View our FTS earnings forecast. How were Fortis' earnings last quarter? Fortis Inc. (TSE:FTS) released its quarterly earnings data on Friday, November, 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.65. The company earned $2.04 billion during the quarter, compared to analysts' expectations of $2.14 billion. How often does Fortis pay dividends? What is the dividend yield for Fortis? Fortis announced a quarterly dividend on Tuesday, February 14th. Shareholders of record on Wednesday, March 1st will be paid a dividend of 0.565 per share on Wednesday, March 1st. This represents a $2.26 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, February 14th. Read our dividend analysis for FTS. Is Fortis a good dividend stock? Fortis (TSE:FTS) pays an annual dividend of C$2.14 per share and currently has a dividend yield of 4.11%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.26%. 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$55.64. How much money does Fortis make? Fortis (TSE:FTS) has a market capitalization of C$26.72 billion and generates C$10.46 billion in revenue each year. 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 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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