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NYSE:FTS

Fortis (FTS) Stock Price, News & Analysis

Fortis logo
$45.16 +0.34 (+0.76%)
(As of 05:16 PM ET)

About Fortis Stock (NYSE:FTS)

Key Stats

Today's Range
$44.83
$45.31
50-Day Range
$42.57
$45.80
52-Week Range
$36.86
$46.06
Volume
347,198 shs
Average Volume
716,499 shs
Market Capitalization
$22.46 billion
P/E Ratio
18.97
Dividend Yield
4.01%
Price Target
N/A
Consensus Rating
Strong Sell

Company Overview

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.

Fortis Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
49th Percentile Overall Score

FTS MarketRank™: 

Fortis scored higher than 49% of companies evaluated by MarketBeat, and ranked 70th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Fortis are expected to grow by 3.88% in the coming year, from $2.32 to $2.41 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Fortis is 18.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.15.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Fortis is 18.97, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 102.12.

  • Price to Earnings Growth Ratio

    Fortis has a PEG Ratio of 4.09. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Fortis has a P/B Ratio of 1.38. 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.
  • Percentage of Shares Shorted

    1.98% of the outstanding shares of Fortis have been sold short.
  • Short Interest Ratio / Days to Cover

    Fortis has a short interest ratio ("days to cover") of 16.1, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Fortis has recently increased by 36.15%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Fortis is a leading dividend payer. It pays a dividend yield of 4.07%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Fortis does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Fortis is 76.05%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Fortis will have a dividend payout ratio of 75.10% in the coming year. This indicates that Fortis may not be able to sustain their current dividend.

  • Read more about Fortis' dividend.
  • Percentage of Shares Shorted

    1.98% of the outstanding shares of Fortis have been sold short.
  • Short Interest Ratio / Days to Cover

    Fortis has a short interest ratio ("days to cover") of 16.1, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Fortis has recently increased by 36.15%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Fortis has a news sentiment score of 0.87. 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 higher news sentiment than the 0.72 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Fortis this week, compared to 6 articles on an average week.
  • Search Interest

    19 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Fortis insiders have not sold or bought any company stock.

  • Percentage Held by Institutions

    57.77% 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.
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FTS Stock Analysis - Frequently Asked Questions

Fortis' stock was trading at $41.13 at the start of the year. Since then, FTS shares have increased by 9.8% and is now trading at $45.16.
View the best growth stocks for 2024 here
.

Fortis Inc. (NYSE:FTS) announced its earnings results on Tuesday, November, 5th. The utilities provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.26. The utilities provider had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.01 billion. Fortis had a net margin of 14.06% and a trailing twelve-month return on equity of 7.03%.

Top institutional shareholders of Fortis include Toronto Dominion Bank (1.13%), National Bank of Canada FI (1.04%), CIBC Asset Management Inc (0.79%) and Connor Clark & Lunn Investment Management Ltd. (0.75%).

Shares of FTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortis investors own include Waste Connections (WCN), American Water Works (AWK), AUO (AUOTY), DiamondRock Hospitality (DRH), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

Ex-Dividend for 9/1 Dividend
8/20/2024
Dividend Payable
9/01/2024
Last Earnings
11/05/2024
Ex-Dividend for 12/1 Dividend
11/18/2024
Today
11/22/2024
Dividend Payable
12/01/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/14/2025

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Utilities
Employees
9,600
Year Founded
N/A

Profitability

Net Income
$1.17 billion
Pretax Margin
18.97%

Debt

Sales & Book Value

Annual Sales
$8.53 billion
Cash Flow
$4.95 per share
Book Value
$32.78 per share

Miscellaneous

Free Float
N/A
Market Cap
$22.29 billion
Optionable
Optionable
Beta
0.47
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This page (NYSE:FTS) was last updated on 11/22/2024 by MarketBeat.com Staff
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