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$18.47 billion
  • Outstanding Shares: 416,000,000
Average Prices:
  • 50 Day Moving Avg: C$45.26
  • 200 Day Moving Avg: C$43.68
  • 52 Week Range: C$39.58 - C$47.06
P/E:
  • Trailing P/E Ratio: 21.12
  • P/E Growth: 2.89
Sales & Book Value:
  • Annual Revenue: C$7.34 billion
  • Price / Sales: 2.52
  • Book Value: C$32.70 per share
  • Price / Book: 1.36
Dividend:
  • Dividend Yield: 3.6%
Profitability:
  • EBIDTA: C$2.88 billion
  • Net Margins: 14.82%
  • Return on Equity: 8.88%
  • Return on Assets: 2.82%
Misc:
  • Average Volume: 887,749 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 Wednesday, February 15th. Shareholders of record on Friday, May 19th will be paid a dividend of 0.40 per share on Thursday, June 1st. This represents a $1.60 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, May 17th. View Fortis' Dividend History.

How were Fortis' earnings last quarter?

Fortis Inc (TSE:FTS) announced its quarterly earnings data 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 net margin of 14.82% and a return on equity of 8.88%. View Fortis' Earnings History.

When will Fortis make its next earnings announcement?

Fortis is scheduled to release their next quarterly earnings announcement on Friday, July, 28th 2017. View Earnings Estimates for Fortis.

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

7 brokerages have issued twelve-month price objectives for Fortis' shares. Their forecasts range from C$40.00 to C$52.00. On average, they anticipate Fortis' share price to reach C$47.11 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$44.40.


MarketBeat Community Rating for Fortis (TSE FTS)
Community Ranking:  2.6 out of 5 ( )
Outperform Votes:  185 (Vote Outperform)
Underperform Votes:  168 (Vote Underperform)
Total Votes:  353
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: 1 Hold Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: C$47.11

Analysts' Ratings History for Fortis (TSE:FTS)
Show:
DateFirmActionRatingPrice TargetDetails
7/21/2017Barclays PLCBoost Price TargetOverweightC$37.00 -> C$40.00View Rating Details
5/3/2017ScotiabankReiterated RatingOutperformC$49.00View Rating Details
5/3/2017TD SecuritiesReiterated RatingBuyC$48.00View Rating Details
5/3/2017CIBCLower Price TargetC$48.00 -> C$47.00View Rating Details
2/27/2017J P Morgan Chase & CoReiterated RatingNeutralC$44.00View Rating Details
2/17/2017DesjardinsBoost Price TargetBuyC$46.00 -> C$48.00View Rating Details
1/24/2017Royal Bank Of CanadaReiterated RatingOutperformC$52.00View 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
7/7/2016BMO Capital MarketsBoost Price TargetC$46.00 -> C$49.00View Rating Details
2/10/2016Credit Suisse GroupDowngradeNeutralC$42.00View Rating Details
11/9/2015National Bank FinancialReiterated RatingSector PerformC$43.00View Rating Details
(Data available from 7/25/2015 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
7/28/2017        
7/31/2015Q2$0.44$0.36$1.54 billionViewListenView Earnings Details
8/1/2014$0.26$0.22$1.06 billionViewN/AView Earnings Details
5/8/2014$0.65$0.64$1.46 billionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Fortis (TSE:FTS)
2017 EPS Consensus Estimate: $2.51
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.72$0.73$0.73
Q2 20172$0.60$0.61$0.61
Q3 20171$0.54$0.54$0.54
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
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
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
americanbankingnews.com logoBarclays PLC Boosts Fortis Inc (FTS) Price Target to C$40.00
www.americanbankingnews.com - July 21 at 2:26 PM
fool.ca logoWhy Are You Buying This Specific Dividend Stock?
www.fool.ca - July 17 at 10:29 AM
fool.ca logoIs 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
americanbankingnews.com logoFortis Inc (FTS) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - July 11 at 12:40 AM
finance.yahoo.com logoFortis Inc. to Hold Teleconference on July 28 to Discuss Second Quarter 2017 Results
finance.yahoo.com - July 10 at 6:49 PM
finance.yahoo.com logoFortis, Inc. (Canada) – Value Analysis (TORONTO:FTS) : July 10, 2017
finance.yahoo.com - July 10 at 6:49 PM
finance.yahoo.com logoFortis, 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
finance.yahoo.com logoFortis Inc. Announces Closing and Results of Exchange Offer
finance.yahoo.com - July 8 at 10:56 AM
fool.ca logoWhy 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
fool.ca logoFortis Inc. Is the Only Utility Your Portfolio Needs - The Motley Fool Canada
www.fool.ca - June 30 at 7:09 PM
seekingalpha.com logoFortis: Growth Initiatives Will Support 6% Annual Dividend Growth - Seeking Alpha
seekingalpha.com - June 30 at 7:09 PM
fool.ca logoShould You Take Profits in Fortis Inc.?
www.fool.ca - June 30 at 3:20 AM
fool.ca logoPensioners: 2 Dividend-Growth Stocks to Generate Income in Your TFSA - The Motley Fool Canada
www.fool.ca - June 28 at 6:28 PM
seekingalpha.com logoFortis (FTS) Presents At J.P. Morgan Energy Equity Investor Conference - Slideshow
seekingalpha.com - June 27 at 5:33 PM
nasdaq.com logoFortis Reaches Analyst Target Price - Nasdaq
www.nasdaq.com - June 27 at 5:33 PM
baystreet.ca logoSleep Country Rises to 52-Week Highs
www.baystreet.ca - June 26 at 6:47 PM
fool.ca logo2 Top Canadian Dividend Stocks to Start Your RRSP - The Motley Fool Canada
www.fool.ca - June 26 at 6:47 PM
finance.yahoo.com logoFortis Inc. President and CEO Barry Perry to Present at J.P. Morgan Energy Equity Conference
finance.yahoo.com - June 22 at 10:59 PM
americanbankingnews.com logoFortis Inc (FTS) Insider Sells C$1,557,733.12 in Stock
www.americanbankingnews.com - June 22 at 4:34 PM
americanbankingnews.com logoFortis Inc (FTS) Insider David Bennett Acquires 13,401 Shares
www.americanbankingnews.com - June 19 at 4:29 PM
fool.ca logoNow Is Not the Best Time to Buy Fortis Inc.
www.fool.ca - June 16 at 6:02 PM
americanbankingnews.com logoInsider Selling: Fortis Inc (FTS) Director Sells 700 Shares of Stock
www.americanbankingnews.com - June 12 at 4:38 PM
americanbankingnews.com logoFortis Inc (FTS) Director Sells C$220,424.88 in Stock
www.americanbankingnews.com - June 6 at 4:29 PM
americanbankingnews.com logoKarl W. Smith Sells 54,024 Shares of Fortis Inc (FTS) Stock
www.americanbankingnews.com - June 6 at 4:28 PM
finance.yahoo.com logoFortis Inc. Announces Commencement of Exchange Offer
finance.yahoo.com - June 1 at 6:06 PM
fool.ca logo3 Utility Stocks for Your Portfolio
www.fool.ca - May 26 at 6:00 PM
fool.ca logoWhy Fortis Inc. Is a Great Long-Term Investment
www.fool.ca - May 20 at 10:14 AM
americanbankingnews.com logoFortis Inc (FTS) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - May 19 at 11:06 PM
finance.yahoo.com logoFortis, Inc. (Canada) – Value Analysis (TORONTO:FTS) : May 19, 2017
finance.yahoo.com - May 19 at 5:07 PM
finance.yahoo.com logoFortis, Inc. (Canada) : FTS-CA: Dividend Analysis : May 19th, 2017 (record date) : By the numbers : May 18, 2017
finance.yahoo.com - May 19 at 9:04 AM
finance.yahoo.com logoFortis, Inc. (Canada) breached its 50 day moving average in a Bearish Manner : FTS-CA : May 18, 2017
finance.yahoo.com - May 18 at 10:00 AM
nasdaq.com logoFortis' Preference Shares, Series J Cross 5% Yield Mark
www.nasdaq.com - May 17 at 5:19 PM
nasdaq.com logoFortis Inc. (FTS) Ex-Dividend Date Scheduled for May 17, 2017 - Nasdaq
www.nasdaq.com - May 16 at 5:15 PM
rttnews.com logoTSX Rallies As Crude Approaches $50 -- Canadian Commentary
www.rttnews.com - May 15 at 4:56 PM
fool.ca logoIncome Investors: Does Fortis Inc. Deserve to Be a Top TFSA Pick?
www.fool.ca - May 15 at 4:56 PM
finance.yahoo.com logoEdited Transcript of FTS.TO earnings conference call or presentation 2-May-17 12:30pm GMT
finance.yahoo.com - May 9 at 11:03 AM
americanbankingnews.com logoFortis Inc (FTS) Forecasted to Post FY2017 Earnings of $2.54 Per Share
www.americanbankingnews.com - May 8 at 9:41 AM
americanbankingnews.com logoFortis Inc (FTS) Given New C$47.00 Price Target at CIBC
www.americanbankingnews.com - May 7 at 11:14 PM
americanbankingnews.com logoFortis Inc (FTS) Rating Reiterated by TD Securities
www.americanbankingnews.com - May 7 at 11:14 PM
americanbankingnews.com logoFortis Inc (FTS) Stock Rating Reaffirmed by Scotiabank
www.americanbankingnews.com - May 7 at 11:14 PM
americanbankingnews.com logoEquities Analysts Issue Forecasts for Fortis Inc's FY2018 Earnings (FTS)
www.americanbankingnews.com - May 5 at 6:52 PM
finance.yahoo.com logoFortisAlberta Inc. announces appointment of Karl Bomhof as new President and Chief Executive Officer
finance.yahoo.com - May 3 at 5:07 PM
marketbeat.com logoFortis posts 1Q profit
marketbeat.com - May 2 at 8:28 AM
americanbankingnews.com logoFortis Inc (FTS) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - April 27 at 2:54 PM
fool.ca logo3 Core Holdings With Massive Defensive Moats
www.fool.ca - April 21 at 11:38 AM
fool.ca logo2 Utilities With 3.6% Yields and Capital-Appreciation Potential
www.fool.ca - April 20 at 12:15 PM
nasdaq.com logoFortis' Preference Shares, Series F Crosses Above 5% Yield Territory
www.nasdaq.com - April 19 at 5:15 PM
fool.ca logoWant a 4% Yield With Massive Long-Term Upside?
www.fool.ca - April 18 at 11:33 AM
americanbankingnews.com logoFortis Inc (FTS) Given New C$49.00 Price Target at Scotiabank
www.americanbankingnews.com - April 17 at 3:46 PM
msn.com logoAmeren Corp's Subsidiary Files for Electric Rate Decrease
www.msn.com - April 17 at 11:24 AM

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Chart

Fortis (FTS) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff