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$19.56 billion
  • Outstanding Shares: 417,899,000
Average Prices:
  • 50 Day Moving Avg: C$45.29
  • 200 Day Moving Avg: C$45.05
  • 52 Week Range: C$39.58 - C$47.06
P/E:
  • Trailing P/E Ratio: 20.17
  • P/E Growth: 3.34
Sales & Book Value:
  • Annual Revenue: C$7.87 billion
  • Price / Sales: 2.49
  • 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: 742,251 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 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 for the quarter, missing the Thomson Reuters' 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 equities research analysts have issued 12 month price objectives for Fortis' shares. Their forecasts range from C$40.00 to C$51.00. On average, they anticipate Fortis' stock price to reach C$48.56 in the next year. 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$46.81.


MarketBeat Community Rating for Fortis (TSE FTS)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  230 (Vote Outperform)
Underperform Votes:  208 (Vote Underperform)
Total Votes:  438
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 10/21/2015 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)
Latest Headlines for Fortis (TSE:FTS)
Source:
DateHeadline
fool.ca logoThis Dividend-Growth Star Hikes its Dividend Again
www.fool.ca - October 19 at 7:37 PM
americanbankingnews.com logoFortis Inc (FTS) PT Raised to C$48.00
www.americanbankingnews.com - October 19 at 2:28 PM
americanbankingnews.com logoEarl Ludlow Sells 35,056 Shares of Fortis Inc (FTS) Stock
www.americanbankingnews.com - October 19 at 10:32 AM
americanbankingnews.com logoFortis Inc Forecasted to Earn FY2017 Earnings of $2.54 Per Share (FTS)
www.americanbankingnews.com - October 19 at 9:38 AM
americanbankingnews.com logoFortis Inc (FTS) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - October 19 at 12:38 AM
americanbankingnews.com logoFortis Inc Forecasted to Post Q3 2017 Earnings of $0.64 Per Share (FTS)
www.americanbankingnews.com - October 18 at 8:00 AM
americanbankingnews.com logoCIBC Increases Fortis Inc (FTS) Price Target to C$49.00
www.americanbankingnews.com - October 17 at 7:06 PM
americanbankingnews.com logoFortis' (FTS) Sector Perform Rating Reaffirmed at National Bank Financial
www.americanbankingnews.com - October 17 at 7:06 PM
streetinsider.com logoFortis (FTS) Provides 5-Year Outlook; Raises Quarterly Dividend 6.2% to $0.425 - StreetInsider.com
www.streetinsider.com - October 16 at 7:15 PM
finance.yahoo.com logoFortis Inc. Provides New Five-Year Outlook and Announces 6.25% Quarterly Dividend Increase
finance.yahoo.com - October 16 at 7:15 PM
finance.yahoo.com logoFortis Inc. Receives CCGG Award for Good Governance Practices
finance.yahoo.com - October 16 at 7:15 PM
finance.yahoo.com logoFortis, Inc. breached its 50 day moving average in a Bullish Manner : FTS-CA : October 11, 2017
finance.yahoo.com - October 12 at 1:29 AM
finance.yahoo.com logoETFs with exposure to Fortis, Inc. : October 11, 2017
finance.yahoo.com - October 12 at 1:29 AM
baystreet.ca logo2 Utilities With 40 Plus Years Of Dividend Growth
www.baystreet.ca - October 3 at 8:49 AM
fool.ca logoHas This Dividend-Growth Giant Forgotten About its Customary Dividend Raise?
www.fool.ca - October 2 at 7:18 PM
americanbankingnews.com logoJ P Morgan Chase & Co Trims Fortis Inc (FTS) Target Price to C$45.00
www.americanbankingnews.com - September 26 at 3:10 PM
seekingalpha.com logoCanadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of September 25-29 - Seeking Alpha
seekingalpha.com - September 23 at 6:27 PM
fool.ca logoIs Fortis Inc. (USA) Still a Top Pick for Conservative Income Investors ... - The Motley Fool Canada
www.fool.ca - September 23 at 6:27 PM
fool.ca logoRetired? Here Are 2 Safe Dividend-Paying Stocks to Own
www.fool.ca - September 18 at 3:51 PM
finance.yahoo.com logoFortis Inc. Provides Update on Recovery Efforts From Hurricane Irma on Turks and Caicos
finance.yahoo.com - September 15 at 7:28 PM
americanbankingnews.com logoFortis Inc (FTS) Given New C$51.50 Price Target at BMO Capital Markets
www.americanbankingnews.com - September 15 at 3:02 PM
fool.ca logoWhich Is Better for Dividend Investors: Altagas Ltd. or Fortis Inc ... - The Motley Fool Canada
www.fool.ca - September 14 at 7:31 PM
finance.yahoo.com logoFortis, Inc. – Value Analysis (TORONTO:FTS) : September 12, 2017
finance.yahoo.com - September 12 at 7:42 PM
finance.yahoo.com logoToday's Research Reports on Fortis Inc., TransCanada Corporation, Hydro One Limited, and Inter Pipeline Ltd.
finance.yahoo.com - September 11 at 3:19 PM
finance.yahoo.com logoFortis Inc. and its Subsidiaries Ready to Respond to Aftermath of Hurricane Irma on Turks and Caicos
finance.yahoo.com - September 8 at 7:21 PM
finance.yahoo.com logoFortis, Inc. breached its 50 day moving average in a Bearish Manner : FTS-CA : September 8, 2017
finance.yahoo.com - September 8 at 7:21 PM
fool.ca logoFortis Inc.: Is This the Best Dividend Stock Among Utilities?
www.fool.ca - August 31 at 6:44 PM
americanbankingnews.com logoFortis Inc (FTS) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - August 29 at 10:48 PM
fool.ca logoFortis Inc.: A Quality Dividend Growth Stock
www.fool.ca - August 28 at 6:35 PM
finance.yahoo.com logoFortis, 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
zacks.com logoCalpine Corporation (CPN) Catches Eye: Stock Jumps 10.5%
www.zacks.com - August 21 at 6:19 PM
fool.ca logoA Top Dividend Stock to Own in an Uncertain Market
www.fool.ca - August 21 at 6:19 PM
finance.yahoo.com logoFortis, 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
nasdaq.com logoFortis Inc. (FTS) Ex-Dividend Date Scheduled for August 17, 2017 - Nasdaq
www.nasdaq.com - August 16 at 6:57 PM
finance.yahoo.com logoETFs with exposure to Fortis, Inc. : August 16, 2017
finance.yahoo.com - August 16 at 6:57 PM
fool.ca logoFortis Inc.: A Buy-and-Forget Option Your Portfolio Needs
www.fool.ca - August 12 at 6:02 PM
finance.yahoo.com logoFortis Inc. Announces Termination of Consumer Share Purchase Plan
finance.yahoo.com - August 11 at 7:18 PM
fool.ca logoRetirees: 2 Top Dividend Stocks I’d Buy Today
www.fool.ca - August 9 at 7:03 PM
americanbankingnews.com logoFortis Inc (TSE:FTS) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - August 5 at 12:40 AM
finance.yahoo.com logoFortis, Inc. :FTS-CA: Earnings Analysis: Q2, 2017 By the Numbers : August 4, 2017
finance.yahoo.com - August 4 at 7:05 PM
americanbankingnews.com logoResearch Analysts Set Expectations for Fortis Inc's FY2017 Earnings (FTS)
www.americanbankingnews.com - August 2 at 10:06 AM
benzinga.com logoFortis Statement on Waneta Dam Agreement - Benzinga
www.benzinga.com - August 2 at 12:31 AM
americanbankingnews.com logoFortis Inc Announces Quarterly Dividend of $0.40 (FTS)
www.americanbankingnews.com - August 1 at 11:26 AM
fool.ca logoWhy Fortis Inc. Rose 1% on Friday
www.fool.ca - July 31 at 6:31 PM
finance.yahoo.com logoFortis, 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
americanbankingnews.com logoScotiabank Analysts Give Fortis Inc (FTS) a C$50.00 Price Target
www.americanbankingnews.com - July 31 at 4:47 PM
americanbankingnews.com logoTD Securities Increases Fortis Inc (FTS) Price Target to C$51.00
www.americanbankingnews.com - July 31 at 4:46 PM
americanbankingnews.com logoRoyal Bank Of Canada Cuts Fortis Inc (TSE:FTS) Price Target to C$51.00
www.americanbankingnews.com - July 31 at 4:46 PM
seekingalpha.com logoFortis: Q2 2017 Great, A Dividend Growth Stock Is Now Even Better - Seeking Alpha
seekingalpha.com - July 30 at 5:38 PM
finance.yahoo.com logoEdited Transcript of FTS.TO earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 2:05 AM

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Chart

Fortis (FTS) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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