QQQ   353.15 (+1.24%)
AAPL   180.57 (+1.55%)
MSFT   325.26 (+0.58%)
META   264.58 (+0.37%)
GOOGL   122.14 (-0.29%)
AMZN   124.25 (+2.49%)
TSLA   234.86 (+4.58%)
NVDA   385.10 (+2.76%)
NIO   7.79 (+0.39%)
BABA   86.14 (+1.01%)
AMD   121.05 (+2.73%)
T   16.07 (-0.25%)
F   13.58 (-0.07%)
MU   65.32 (-2.59%)
CGC   0.69 (-4.14%)
GE   106.06 (-0.02%)
DIS   92.53 (+0.01%)
AMC   4.68 (-1.06%)
PFE   39.09 (+0.51%)
PYPL   64.24 (+0.31%)
NFLX   409.37 (+2.40%)
QQQ   353.15 (+1.24%)
AAPL   180.57 (+1.55%)
MSFT   325.26 (+0.58%)
META   264.58 (+0.37%)
GOOGL   122.14 (-0.29%)
AMZN   124.25 (+2.49%)
TSLA   234.86 (+4.58%)
NVDA   385.10 (+2.76%)
NIO   7.79 (+0.39%)
BABA   86.14 (+1.01%)
AMD   121.05 (+2.73%)
T   16.07 (-0.25%)
F   13.58 (-0.07%)
MU   65.32 (-2.59%)
CGC   0.69 (-4.14%)
GE   106.06 (-0.02%)
DIS   92.53 (+0.01%)
AMC   4.68 (-1.06%)
PFE   39.09 (+0.51%)
PYPL   64.24 (+0.31%)
NFLX   409.37 (+2.40%)
QQQ   353.15 (+1.24%)
AAPL   180.57 (+1.55%)
MSFT   325.26 (+0.58%)
META   264.58 (+0.37%)
GOOGL   122.14 (-0.29%)
AMZN   124.25 (+2.49%)
TSLA   234.86 (+4.58%)
NVDA   385.10 (+2.76%)
NIO   7.79 (+0.39%)
BABA   86.14 (+1.01%)
AMD   121.05 (+2.73%)
T   16.07 (-0.25%)
F   13.58 (-0.07%)
MU   65.32 (-2.59%)
CGC   0.69 (-4.14%)
GE   106.06 (-0.02%)
DIS   92.53 (+0.01%)
AMC   4.68 (-1.06%)
PFE   39.09 (+0.51%)
PYPL   64.24 (+0.31%)
NFLX   409.37 (+2.40%)
QQQ   353.15 (+1.24%)
AAPL   180.57 (+1.55%)
MSFT   325.26 (+0.58%)
META   264.58 (+0.37%)
GOOGL   122.14 (-0.29%)
AMZN   124.25 (+2.49%)
TSLA   234.86 (+4.58%)
NVDA   385.10 (+2.76%)
NIO   7.79 (+0.39%)
BABA   86.14 (+1.01%)
AMD   121.05 (+2.73%)
T   16.07 (-0.25%)
F   13.58 (-0.07%)
MU   65.32 (-2.59%)
CGC   0.69 (-4.14%)
GE   106.06 (-0.02%)
DIS   92.53 (+0.01%)
AMC   4.68 (-1.06%)
PFE   39.09 (+0.51%)
PYPL   64.24 (+0.31%)
NFLX   409.37 (+2.40%)
TSE:FTS

Fortis (FTS) Competitors

C$57.35
+0.20 (+0.35%)
(As of 06/8/2023 ET)
Compare
Today's Range
C$57.07
C$57.45
50-Day Range
C$56.79
C$61.55
52-Week Range
C$48.45
C$62.52
Volume
2.72 million shs
Average Volume
1.94 million shs
Market Capitalization
C$27.79 billion
P/E Ratio
19.51
Dividend Yield
3.94%
Price Target
C$58.65

FTS vs. H, BIP.UN, EMA, BEP.UN, BEPC, AQN, NPI, BIPC, CPX, and KWH.UN

Should you be buying Fortis stock or one of its competitors? The main competitors of Fortis include Hydro One (H), Brookfield Infrastructure Partners (BIP.UN), Emera (EMA), Brookfield Renewable Partners (BEP.UN), Brookfield Renewable (BEPC), Algonquin Power & Utilities (AQN), Northland Power (NPI), Brookfield Infrastructure (BIPC), Capital Power (CPX), and Crius Energy Unt (KWH.UN). 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 better stock? We will contrast the two companies based on the strength of their institutional ownership, risk, media sentiment, valuation, community ranking, profitability, analyst recommendations, earnings and dividends.

Fortis received 235 more outperform votes than Hydro One when rated by MarketBeat users. Likewise, 69.33% of users gave Fortis an outperform vote while only 66.85% of users gave Hydro One an outperform vote.

CompanyUnderperformOutperform
Hydro OneOutperform Votes
486
66.85%
Underperform Votes
241
33.15%
FortisOutperform Votes
721
69.33%
Underperform Votes
319
30.67%

In the previous week, Hydro One had 1 more articles in the media than Fortis. MarketBeat recorded 3 mentions for Hydro One and 2 mentions for Fortis. Fortis' average media sentiment score of 0.45 beat Hydro One's score of -0.07 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
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 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

20.9% of Hydro One shares are held by institutional investors. Comparatively, 55.0% of Fortis shares are held by institutional investors. 47.2% of Hydro One shares are held by company insiders. Comparatively, 0.1% of Fortis shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Hydro One currently has a consensus target price of C$38.28, indicating a potential upside of 2.16%. Fortis has a consensus target price of C$58.65, indicating a potential upside of 2.52%. Given Fortis' stronger consensus rating and higher probable upside, analysts clearly believe Fortis is more favorable than Hydro One.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hydro One
1 Sell rating(s)
6 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.86
Fortis
1 Sell rating(s)
4 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.14

Hydro One has a net margin of 13.09% compared to Fortis' net margin of 12.85%. Hydro One's return on equity of 9.10% beat Fortis' return on equity.

Company Net Margins Return on Equity Return on Assets
Hydro One 13.09% 9.10% 3.66%
Fortis 12.85% 7.28% 3.03%

Hydro One has a beta of 0.25, indicating that its stock price is 75% less volatile than the S&P 500. Comparatively, Fortis has a beta of 0.17, indicating that its stock price is 83% less volatile than the S&P 500.

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$7.81 billion2.87C$1.02 billionC$1.7121.91
FortisC$11.53 billion2.40C$1.42 billionC$2.9419.43

Hydro One pays an annual dividend of C$1.19 per share and has a dividend yield of 3.2%. Fortis pays an annual dividend of C$2.26 per share and has a dividend yield of 4.0%. Hydro One pays out 69.6% of its earnings in the form of a dividend. Fortis pays out 76.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Summary

Fortis beats Hydro One on 11 of the 20 factors compared between the two stocks.


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.
Skip Chart

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.
Skip Chart

FTS vs. The Competition

MetricFortisUtilities IndustryUtilities SectorTSE Exchange
Market CapC$27.67BC$11.91BC$13.08BC$4.57B
Dividend Yield3.94%4.45%3.93%5.07%
P/E Ratio19.43174.1095.2723.09
Price / Sales2.4039.311,190.601,330.52
Price / Cash65.80134.3925.5678.71
Price / Book1.411.572.023.63
Net IncomeC$1.42BC$799.35MC$443.97MC$334.92M
7 Day Performance0.56%2.12%1.85%3.89%
1 Month Performance-6.79%2.06%-1.59%-0.86%
1 Year Performance-7.54%-1.60%-7.74%8.63%

Fortis Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
H
Hydro One
1.2113 of 5 stars
C$37.18
-2.3%
C$38.28
+3.0%
+8.5%C$22.26BC$7.81B21.746,260Dividend Increase
News Coverage
BIP.UN
Brookfield Infrastructure Partners
0.9445 of 5 stars
C$48.92
-0.4%
C$45.50
-7.0%
-38.1%C$22.44BC$15.23B444.73N/A
EMA
Emera
1.2327 of 5 stars
C$55.46
-1.6%
C$61.00
+10.0%
-11.2%C$15.05BC$8.01B13.057,122Analyst Downgrade
BEP.UN
Brookfield Renewable Partners
1.0556 of 5 stars
C$42.49
-0.4%
C$37.50
-11.7%
-6.1%C$11.70BC$4.93B-59.01N/A
BEPC
Brookfield Renewable
0 of 5 stars
47.10
-1.3%
N/A+1.5%$8.11B$3.96B4.251,890
AQN
Algonquin Power & Utilities
0.7344 of 5 stars
C$11.57
-0.4%
C$9.50
-17.9%
-36.6%C$7.97BC$2.81B-115.703,951
NPI
Northland Power
2.7014 of 5 stars
C$29.25
-0.1%
C$44.45
+52.0%
-25.5%C$7.38BC$2.38B10.641,150Dividend Announcement
BIPC
Brookfield Infrastructure
0 of 5 stars
63.49
+0.8%
N/A-27.0%$7.02B$1.92B4.461,700
CPX
Capital Power
1.9147 of 5 stars
C$45.67
+0.2%
C$52.10
+14.1%
-0.7%C$5.34BC$3.48B20.21773
KWH.UN
Crius Energy Unt
0 of 5 stars
C$8.80
+0.1%
N/AN/AC$498.13MC$1.21B-40.37N/AHigh Trading Volume

Related Companies and Tools

This page (TSE:FTS) was last updated on 6/8/2023 by MarketBeat.com Staff

My Account -