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Fortis (FTS) Competitors

C$55.39
-0.49 (-0.88%)
(As of 05/22/2024 ET)

FTS vs. H, EMA, BIP.UN, BEP.UN, BEPC, CUP.U, CU, BIPC, AQN, and NPI

Should you be buying Fortis stock or one of its competitors? The main competitors of Fortis include Hydro One (H), Emera (EMA), Brookfield Infrastructure Partners (BIP.UN), Brookfield Renewable Partners (BEP.UN), Brookfield Renewable (BEPC), Caribbean Utilities (CUP.U), Canadian Utilities (CU), Brookfield Infrastructure (BIPC), Algonquin Power & Utilities (AQN), and Northland Power (NPI). These companies are all part of the "utilities" sector.

Fortis vs.

Hydro One (TSE:H) and Fortis (TSE:FTS) are both large-cap utilities companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, media sentiment, risk, institutional ownership, community ranking, profitability, analyst recommendations, valuation and dividends.

Fortis received 235 more outperform votes than Hydro One when rated by MarketBeat users. Likewise, 67.67% of users gave Fortis an outperform vote while only 64.93% of users gave Hydro One an outperform vote.

CompanyUnderperformOutperform
Hydro OneOutperform Votes
487
64.93%
Underperform Votes
263
35.07%
FortisOutperform Votes
722
67.67%
Underperform Votes
345
32.33%

In the previous week, Hydro One had 8 more articles in the media than Fortis. MarketBeat recorded 10 mentions for Hydro One and 2 mentions for Fortis. Hydro One's average media sentiment score of 0.35 beat Fortis' score of 0.11 indicating that Fortis is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hydro One
1 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Fortis
0 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

21.9% of Hydro One shares are held by institutional investors. Comparatively, 58.0% of Fortis shares are held by institutional investors. 47.1% of Hydro One shares are held by company insiders. Comparatively, 0.0% of Fortis shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Hydro One has a beta of 0.29, suggesting that its stock price is 71% less volatile than the S&P 500. Comparatively, Fortis has a beta of 0.18, suggesting that its stock price is 82% less volatile than the S&P 500.

Fortis has a net margin of 14.11% compared to Fortis' net margin of 13.81%. Fortis' return on equity of 9.45% beat Hydro One's return on equity.

Company Net Margins Return on Equity Return on Assets
Hydro One13.81% 9.45% 3.53%
Fortis 14.11%7.38%3.02%

Fortis has higher revenue and earnings than Hydro One. Fortis is trading at a lower price-to-earnings ratio than Hydro One, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hydro OneC$7.94B3.04C$1.10BC$1.8321.98
FortisC$11.32B2.41C$1.53BC$3.1317.70

Hydro One pays an annual dividend of C$1.26 per share and has a dividend yield of 3.1%. Fortis pays an annual dividend of C$2.36 per share and has a dividend yield of 4.3%. Hydro One pays out 68.9% of its earnings in the form of a dividend. Fortis pays out 75.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Hydro One currently has a consensus target price of C$39.83, suggesting a potential downside of 0.96%. Fortis has a consensus target price of C$57.38, suggesting a potential upside of 3.58%. Given Hydro One's higher probable upside, analysts plainly believe Fortis is more favorable than Hydro One.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hydro One
0 Sell rating(s)
8 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.11
Fortis
1 Sell rating(s)
6 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

Summary

Fortis beats Hydro One on 10 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FTS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FTS vs. The Competition

MetricFortisUtilities IndustryUtilities SectorTSE Exchange
Market CapC$27.31BC$19.54BC$12.23BC$5.21B
Dividend Yield4.25%5.22%3.98%5.60%
P/E Ratio17.70120.9281.1424.43
Price / Sales2.4134.0726.132,257.67
Price / Cash65.80109.9518.1077.63
Price / Book1.331.681.883.16
Net IncomeC$1.53BC$1.22BC$595.25MC$285.64M
7 Day Performance-0.95%0.38%-0.44%0.14%
1 Month Performance3.63%4.08%5.13%3.42%
1 Year Performance-5.56%1.83%3.73%24.66%

Fortis Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
H
Hydro One
0.5818 of 5 stars
C$40.63
0.0%
C$39.56
-2.6%
+3.1%C$24.34BC$7.84B22.457,044News Coverage
EMA
Emera
1.115 of 5 stars
C$48.91
+1.9%
C$54.09
+10.6%
-12.3%C$14.00BC$7.56B13.707,366
BIP.UN
Brookfield Infrastructure Partners
0.3226 of 5 stars
C$40.95
-1.9%
C$40.00
-2.3%
-17.6%C$18.90BC$18.90B95.23N/A
BEP.UN
Brookfield Renewable Partners
0.3538 of 5 stars
C$36.45
-2.4%
C$38.00
+4.3%
-10.6%C$10.43BC$5.20B-57.86N/ADividend Announcement
News Coverage
BEPC
Brookfield Renewable
0 of 5 stars
42.15
-1.7%
N/A-8.4%$7.57B$4.55B-30.321,890
CUP.U
Caribbean Utilities
0.8415 of 5 stars
C$13.99
-0.1%
C$12.50
-10.7%
+4.3%C$532.88MC$287.22M13.99226News Coverage
CU
Canadian Utilities
1.6956 of 5 stars
C$32.04
+0.6%
C$35.43
+10.6%
-16.0%C$6.55BC$3.80B13.759,018News Coverage
BIPC
Brookfield Infrastructure
0 of 5 stars
46.41
-1.3%
N/A-23.5%$6.12B$2.91B8.961,700News Coverage
AQN
Algonquin Power & Utilities
0.0976 of 5 stars
C$8.86
-0.7%
C$7.08
-20.1%
-20.5%C$6.11BC$2.70B221.503,946
NPI
Northland Power
3.9856 of 5 stars
C$21.83
0.0%
C$31.79
+45.6%
-18.6%C$5.58BC$2.23B-30.321,150Analyst Revision

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This page (TSE:FTS) was last updated on 5/22/2024 by MarketBeat.com Staff

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