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
Phone+1-709-7372800
Debt
Current Ratio0.59
Quick Ratio0.33
Price-To-Earnings
Sales & Book Value
Annual SalesC$8.30 billion
Price / Sales2.37
Price / Cash Flow99.39
Price / Book1.37
Profitability
Net IncomeN/A
Net MarginsN/A
Return on AssetsN/A
Miscellaneous
Employees8,500
OptionableOptionable
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 announced a quarterly dividend on Wednesday, November 28th. Shareholders of record on Friday, February 15th will be paid a dividend of 0.45 per share on Friday, March 1st. This represents a $1.80 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Thursday, February 14th. View Fortis' Dividend History.
How were Fortis' earnings last quarter?
Fortis Inc (TSE:FTS) posted its quarterly earnings data on Friday, November, 2nd. The company reported $0.65 earnings per share for the quarter, meeting analysts' consensus estimates of $0.65. The business earned $2.04 billion during the quarter, compared to the consensus estimate of $2.14 billion. View Fortis' Earnings History.
When is Fortis' next earnings date?
What price target have analysts set for FTS?
6 equities research analysts have issued 12-month price targets for Fortis' shares. Their predictions range from C$45.00 to C$53.00. On average, they expect Fortis' stock price to reach C$48.78 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price. View Analyst Price Targets for Fortis.
What is the consensus analysts' recommendation for Fortis?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Fortis.
Has Fortis been receiving favorable news coverage?
News articles about FTS stock have trended somewhat positive this week, InfoTrie reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fortis earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are some of Fortis' key competitors?
Some companies that are related to Fortis include Capital Power (CPX), Caribbean Utilities (CUPUF), Clearway Energy (CWEN/A), ENDESA S A/ADR (ELEZY), ERM Power (EPW), Greencoat Renewables (GRP), Hydro One (HRNNF), Hydro One (H), Innogy (IGY), KSK Power Ventur (KSK), Pacific Energy (PEA), Plutus Powergen (PPG), Spark Infrastructure Group (SKI), Synex International (SXI) and Terna - Rete Elettrica Nazionale (TRN).
Who are Fortis' key executives?
Fortis' management team includes the folowing people:
- Mr. Barry V. Perry, Pres, CEO & Director (Age 53)
- 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)
- Ms. Jocelyn H. Perry, Exec. VP & CFO
- Mr. Phonse J. Delaney, Exec. VP & Chief Information Officer (Age 54)
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$45.98.
What is Fortis' official website?
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 (TSE 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.
