Equities Analysts Set Expectations for Fortis Q3 Earnings

Fortis Inc. (NYSE:FTS - Free Report) - Stock analysts at Raymond James lowered their Q3 2025 earnings per share (EPS) estimates for shares of Fortis in a research note issued to investors on Monday, February 17th. Raymond James analyst T. Genzebu now expects that the utilities provider will post earnings per share of $0.56 for the quarter, down from their prior estimate of $0.58. Raymond James has a "Market Perform" rating on the stock. The consensus estimate for Fortis' current full-year earnings is $2.35 per share.

Fortis (NYSE:FTS - Get Free Report) last released its earnings results on Friday, February 14th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. Fortis had a net margin of 14.12% and a return on equity of 7.09%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the company posted $0.72 EPS.

Separately, Jefferies Financial Group began coverage on Fortis in a research note on Thursday, February 13th. They issued a "hold" rating on the stock. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to data from MarketBeat.com, Fortis presently has a consensus rating of "Hold".

Fortis Trading Up 0.7 %

NYSE FTS traded up $0.29 during trading hours on Wednesday, hitting $44.07. The company's stock had a trading volume of 335,522 shares, compared to its average volume of 615,155. The stock has a fifty day moving average of $42.38 and a 200 day moving average of $43.57. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.30. Fortis has a twelve month low of $36.86 and a twelve month high of $46.06. The firm has a market capitalization of $22.00 billion, a P/E ratio of 18.67, a PEG ratio of 3.96 and a beta of 0.50.

Institutional Investors Weigh In On Fortis

Several large investors have recently bought and sold shares of FTS. Public Employees Retirement System of Ohio increased its position in shares of Fortis by 0.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 293,656 shares of the utilities provider's stock valued at $12,198,000 after buying an additional 2,628 shares in the last quarter. Vise Technologies Inc. acquired a new position in Fortis in the fourth quarter valued at about $216,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Fortis by 114.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 341,377 shares of the utilities provider's stock worth $14,167,000 after purchasing an additional 182,101 shares during the period. Twinbeech Capital LP acquired a new stake in shares of Fortis during the fourth quarter worth about $302,000. Finally, Two Sigma Investments LP bought a new position in shares of Fortis during the 4th quarter valued at about $289,000. Institutional investors own 57.77% of the company's stock.

Fortis Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Friday, May 16th will be paid a dividend of $0.4324 per share. This represents a $1.73 annualized dividend and a yield of 3.93%. The ex-dividend date is Friday, May 16th. Fortis's payout ratio is 71.61%.

Fortis Company Profile

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.