Fortis Inc. (TSE:FTS - Get Free Report) announced a quarterly dividend on Tuesday, February 18th, TickerTech Dividends reports. Shareholders of record on Saturday, March 1st will be paid a dividend of 0.615 per share on Saturday, March 1st. This represents a $2.46 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, February 18th.
Fortis Stock Down 0.7 %
Shares of FTS traded down C$0.46 during trading hours on Thursday, hitting C$62.05. The stock had a trading volume of 3,569,712 shares, compared to its average volume of 1,704,568. The company has a debt-to-equity ratio of 142.31, a current ratio of 0.74 and a quick ratio of 0.36. The firm has a 50 day simple moving average of C$60.79 and a 200-day simple moving average of C$60.70. The firm has a market capitalization of C$30.70 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 3.01 and a beta of 0.23. Fortis has a 1-year low of C$51.02 and a 1-year high of C$64.39.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Jefferies Financial Group set a C$67.00 target price on Fortis and gave the company a "hold" rating in a research note on Thursday, February 13th. Scotiabank raised their price target on shares of Fortis from C$63.00 to C$66.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their price target on shares of Fortis from C$65.00 to C$69.00 in a research report on Tuesday. Raymond James raised their price target on shares of Fortis from C$61.00 to C$62.50 in a research report on Tuesday. Finally, CIBC raised their price target on shares of Fortis from C$64.00 to C$65.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$62.45.
Check Out Our Latest Stock Analysis on FTS
Insiders Place Their Bets
In other Fortis news, Senior Officer Jocelyn Perry sold 11,809 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of C$63.19, for a total value of C$746,178.83. Insiders own 0.04% of the company's stock.
About Fortis
(
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Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S.
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