TSE:FTS Fortis (FTS) Stock Price, News & Analysis → The Military's $700M 'AI Software Bullet' (From Behind the Markets) (Ad) Free FTS Stock Alerts C$53.25 -0.44 (-0.82%) (As of 06/17/2024 ET) Add Compare Share Share Today's RangeC$53.08▼C$53.7450-Day RangeC$51.32▼C$56.1952-Week RangeC$49.82▼C$57.93Volume1.57 million shsAverage Volume1.68 million shsMarket CapitalizationC$26.25 billionP/E Ratio17.01Dividend Yield4.43%Price TargetC$57.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get Fortis alerts: Email Address Fortis MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside7.7% UpsideC$57.38 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.29 out of 5 stars 1.0 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageFortis has only been the subject of 3 research reports in the past 90 days.Read more about Fortis' stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for FTS. Previous Next 1.7 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthFortis does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Fortis is 75.40%. Payout ratios above 75% are not desirable because they may not be sustainable.Read more about Fortis' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FTS. Previous Next 2.0 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 1 news article for Fortis this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -84% compared to the previous 30 days.MarketBeat Follows5 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Fortis insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.04% of the stock of Fortis is held by insiders.Percentage Held by Institutions58.04% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Fortis' insider trading history. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 17.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 17.01, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.08.Price to Earnings Growth RatioFortis has a PEG Ratio of 2.80. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Fortis' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Prosper Trading AcademyBeta testers blew this thing upThis AI trading tool is probably unlike anything you've ever seen before… It scans the entire market and finds hot stocks that you probably have never even heard of… …it recommends the best potential strategy to use on the names it finds (with historical data to prove it)Click Here To Read More About This Game Changing AI Tool About Fortis Stock (TSE:FTS)Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 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 five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.Read More FTS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTS Stock News HeadlinesMay 29, 2024 | msn.comWant Decades of Passive Income? 2 Stocks to Buy Right NowMay 28, 2024 | msn.comFortis lines up Rs 1,300 cr capex to expand existing hospitalsMay 26, 2024 | msn.comHere’s the Average RRSP Balance at Age 71 in CanadaMay 24, 2024 | msn.comSafe and Sound Stocks for Canadians: My Top 5 ChoicesMay 21, 2024 | finance.yahoo.comFortis Inc. (TSE:FTS) is favoured by institutional owners who hold 54% of the companyMay 2, 2024 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Fortis (FTS) and Brookfield Infrastructure (BIP)May 2, 2024 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Fortis (FTS) and Centerpoint Energy (CNP)May 2, 2024 | finance.yahoo.comFortis Inc. (NYSE:FTS) Q1 2024 Earnings Call TranscriptMay 1, 2024 | seekingalpha.comFortis Non-GAAP EPS of C$0.93May 1, 2024 | msn.comFTS Stock Earnings: Fortis Beats EPS, Misses Revenue for Q1 2024May 1, 2024 | marketwatch.comFortis 1Q Profit RisesMay 1, 2024 | sfgate.comFortis: Q1 Earnings SnapshotMay 1, 2024 | msn.comHere Is the Best Way to Start Investing With $1,000 Right NowApril 30, 2024 | msn.comHere’s the Average CPP Disability Benefit in 2024April 30, 2024 | ca.finance.yahoo.comWant $2,000/Year in Passive Income? Invest $26.8K in this Canadian StockApril 29, 2024 | msn.com1 Top Dividend Stock Down 10% to Buy Right NowApril 28, 2024 | msn.com3 Safe Dividend Stocks to Own for the Next 10 YearsApril 25, 2024 | theglobeandmail.comClosing Bell: Fortis Inc First Pref Ser G flat on Thursday (FTS-PR-G)April 25, 2024 | msn.comAI-powered app to assist people with mental health issues: Fortis HealthcareApril 24, 2024 | msn.com‘Look, Listen & Link’: Fortis launches comprehensive mental healthcare vertical; Highlights need for psychological first aidApril 22, 2024 | ca.finance.yahoo.com3 Top Dividend Stocks to Buy Hand Over FistApril 15, 2024 | msn.comHere’s the Average CPP Benefit at Age 65 in 2024April 1, 2024 | theglobeandmail.comTwo ways for dumpster-diving investors to play an old standby sector now fallen on hard timesMarch 31, 2024 | msn.comHow to Earn Safe Dividends With Just $10,000March 28, 2024 | msn.comPassive Income: 2 Safe Dividend Stocks to Own for the Next 10 YearsSee More Headlines Receive FTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fortis and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/01/2024Ex-Dividend for 6/1 Dividend5/16/2024Dividend Payable6/01/2024Today6/18/2024Next Earnings (Estimated)8/07/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorUtilities Industry Utilities - Regulated Electric Sub-IndustryN/A Current SymbolTSE:FTS CUSIPN/A CIKN/A Webwww.fortisinc.com Phone+1-709-7372800FaxN/AEmployees9,598Year FoundedN/APrice Target and Rating Average Stock Price TargetC$57.38 High Stock Price TargetC$61.50 Low Stock Price TargetC$50.00 Potential Upside/Downside+7.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.13 Trailing P/E Ratio17.01 Forward P/E Ratio16.60 P/E Growth2.8Net IncomeC$1.53 billion Net Margins14.11% Pretax MarginN/A Return on Equity7.38% Return on Assets3.02% Debt Debt-to-Equity Ratio128.89 Current Ratio0.60 Quick Ratio0.36 Sales & Book Value Annual SalesC$11.32 billion Price / Sales2.32 Cash FlowC$0.81 per share Price / Cash Flow65.80 Book ValueC$41.62 per share Price / Book1.28Miscellaneous Outstanding Shares493,000,000Free FloatN/AMarket CapC$26.25 billion OptionableNot Optionable Beta0.18 Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. David Gerard Hutchens (Age 57)President, CEO & Director Comp: $6.06MMs. Jocelyn H. Perry (Age 53)Executive VP & CFO Comp: $2.14MMr. Gary J. Smith (Age 62)Executive Vice President of Operations & Innovation Comp: $1.86MMr. James R. ReidExecutive VP of Sustainability & Chief Legal OfficerMr. Stuart R. Lochray (Age 51)Senior Vice President of Capital Markets & Business Development Comp: $1.23MMr. Kevin D. WoodburyVice President of Innovation & TechnologyMs. Keri L. GlitchChief Information Officer & VPMs. Stephanie A. AmaimoVice President of Investor RelationsMs. Karen M. McCarthy BPRM.Ed, Vice President of Communications and Government RelationsMs. Tanya Nicole FinlayVice President of People & CultureMore ExecutivesKey CompetitorsHydro OneTSE:HEmeraTSE:EMACaribbean UtilitiesTSE:CUP.UCrius Energy UntTSE:KWH.UNBrookfield Infrastructure PartnersTSE:BIP.UNView All CompetitorsInsidersBrian SlocumBought 1,888 shares on 3/5/2024Total: C$73,971.65 ($39.18/share)Margarita DilleyBought 960 shares on 2/29/2024Total: C$37,027.20 ($38.57/share)Ronald HinsleySold 972 sharesTotal: C$37,706.21 ($38.79/share)Julie DobsonBought 3 shares on 2/26/2024Total: C$116.13 ($38.71/share)View All Insider Transactions Should I Buy Fortis Stock? FTS Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Fortis Inc.: Fortis Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance. The company has a stable dividend history, making it an attractive option for income-seeking investors. Fortis Inc. has a solid track record of successfully completing acquisitions, which could lead to further expansion and increased market share. Recent regulatory approvals for key projects have positioned Fortis Inc. for future growth and profitability. With a current stock price trading at a reasonable valuation compared to its industry peers, Fortis Inc. presents a potential value opportunity for investors. Cons Investors should be bearish about investing in Fortis Inc. for these reasons: Fortis Inc. operates in a highly regulated industry, subjecting the company to potential regulatory risks that could impact its operations and financial performance. The company's heavy reliance on debt financing may pose a risk, especially in a rising interest rate environment. Market competition and changing consumer preferences could challenge Fortis Inc.'s market position and profitability in the long term. External factors such as economic downturns or natural disasters could affect Fortis Inc.'s operations and financial stability. Investors should carefully monitor Fortis Inc.'s debt levels and capital structure to assess the company's financial health and risk profile. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Fortis pros and cons to contact@marketbeat.com. FTS Stock Analysis - Frequently Asked Questions Should I buy or sell Fortis stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTS, but not buy additional shares or sell existing shares. View FTS analyst ratings or view top-rated stocks. What is Fortis' stock price target for 2024? 8 equities research analysts have issued 12-month target prices for Fortis' shares. Their FTS share price targets range from C$50.00 to C$61.50. On average, they expect the company's share price to reach C$57.38 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View analysts price targets for FTS or view top-rated stocks among Wall Street analysts. How have FTS shares performed in 2024? Fortis' stock was trading at C$54.51 at the beginning of 2024. Since then, FTS stock has decreased by 2.3% and is now trading at C$53.25. View the best growth stocks for 2024 here. When is Fortis' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our FTS earnings forecast. How were Fortis' earnings last quarter? Fortis Inc. (TSE:FTS) announced its quarterly earnings results on Wednesday, May, 1st. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm earned $3.12 billion during the quarter, compared to the consensus estimate of $3.34 billion. Fortis had a net margin of 14.11% and a trailing twelve-month return on equity of 7.38%. How often does Fortis pay dividends? What is the dividend yield for Fortis? Fortis announced a quarterly dividend on Thursday, May 16th. Stockholders of record on Saturday, June 1st will be paid a dividend of 0.59 per share on Saturday, June 1st. This represents a $2.36 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Thursday, May 16th. Read our dividend analysis for FTS. Is Fortis a good dividend stock? Fortis (TSE:FTS) pays an annual dividend of C$2.36 per share and currently has a dividend yield of 4.25%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for FTS. What other stocks do shareholders of Fortis own? Based on aggregate information from My MarketBeat watchlists, some companies that other Fortis investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), TELUS (T), BCE (BCE), Bank of Montreal (BMO), Emera (EMA), TC Energy (TRP) and Canadian National Railway (CNR). How do I buy shares of Fortis? Shares of FTS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:FTS) was last updated on 6/18/2024 by MarketBeat.com Staff From Our PartnersBigger Than NVIDIA?With NVIDIA flying high, everyone is looking for the next breakout stock. But right now... 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