NYSE:FTS Fortis (FTS) Stock Price, News & Analysis $44.59 -0.67 (-1.48%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$44.46▼$45.3450-Day Range$38.61▼$45.2552-Week Range$36.30▼$45.34Volume838,030 shsAverage Volume729,837 shsMarket Capitalization$22.08 billionP/E Ratio19.22Dividend Yield3.81%Price Target$49.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSustainabilityTrends Get Fortis alerts: Email Address Fortis MarketRank™ Stock AnalysisAnalyst RatingReduce1.50 Rating ScoreUpside/Downside9.9% Upside$49.00 Price TargetShort InterestBearish3.12% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.20Upright™ Environmental ScoreNews Sentiment0.77Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth3.88%From $2.32 to $2.41 Per ShareSee 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.3.12 out of 5 starsUtilities Sector58th out of 93 stocksElectric Services Industry30th out of 46 stocks 0.8 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.Amount of Analyst CoverageFortis has received no research coverage in the past 90 days.Read more about Fortis' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted3.12% of the outstanding shares of Fortis have been sold short.Short Interest Ratio / Days to CoverFortis has a short interest ratio ("days to cover") of 25.6, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently increased by 15.03%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 3.91%, 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 73.28%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Fortis will have a dividend payout ratio of 70.54% next year. This indicates that Fortis will be able to sustain or increase its dividend.Read more about Fortis' dividend. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFortis has received a 47.26% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Main electricity grid operation services for electricity produced by waste", "Local electricity grid operation services for electricity produced by waste", "Main electricity grid operation services for electricity produced by renewable energy sources", and "Local electricty grid operation services for electricty produced by renewable energy sources" products. See details.Environmental SustainabilityThe Environmental Impact score for Fortis is -3.20. Previous Next 3.8 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.77. 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 0.57 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Fortis this week, compared to 5 articles on an average week.Search Interest11 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 22% compared to the previous 30 days.MarketBeat Follows4 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is an increase of 33% 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 Institutions57.77% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Fortis is 19.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 19.22, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 89.11.Price to Earnings Growth RatioFortis has a PEG Ratio of 3.16. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.31. 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 True Gold RepublicChina Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… . Click here now to get your free 'De-Dollarization' Guide. About Fortis Stock (NYSE: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 HeadlinesSeptember 6 at 8:17 AM | msn.com2 Top Canadian Stocks for the Rest of 2024September 6 at 8:17 AM | msn.com3 Top Canadian Dividend Stocks for Stress-Free Passive IncomeSeptember 7, 2024 | Paradigm Press (Ad)Kamala’s Dirty Election Move… RevealedAccording to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move… September 5 at 6:03 PM | globenewswire.comFortis Inc. Announces Pricing of Senior Unsecured NotesAugust 31, 2024 | 247wallst.com4 Dividend Kings Passive Income Investors Love as Interest Rates PlungeAugust 28, 2024 | americanbankingnews.comFortis (NYSE:FTS) Sets New 1-Year High at $44.21August 27, 2024 | fool.caDividend Investors: Top Canadian Utility Stocks for AugustAugust 22, 2024 | 247wallst.comPassive Income Matters: These 3 Stocks Are Perennial Dividend Growers Worth BuyingSeptember 7, 2024 | Paradigm Press (Ad)Kamala’s Dirty Election Move… RevealedAccording to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move… August 22, 2024 | seekingalpha.comFortis: 'Hold' Despite The OutperformanceAugust 21, 2024 | 247wallst.com3 Dividend Stocks Retirees and Yield Lovers Should OwnAugust 15, 2024 | theglobeandmail.comClosing Bell: Fortis Inc Pref Ser K up on Wednesday (FTS-PR-K)August 14, 2024 | marketwatch.comFortis Inc. stock remains steady Wednesday, underperforms marketAugust 12, 2024 | finance.yahoo.comFortis Insiders Added CA$1.86m Of Stock To Their HoldingsAugust 11, 2024 | ca.finance.yahoo.comIf You’d Invested $5,000 in Fortis Stock in 2014, Here’s How Much You’d Have TodayAugust 9, 2024 | marketwatch.comFortis Inc. stock rises Thursday, still underperforms marketAugust 6, 2024 | marketwatch.comFortis Inc. stock outperforms market despite losses on the dayAugust 4, 2024 | investing.comFortis Inc Pref H (FTS_ph)See 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 Earnings7/31/2024Ex-Dividend for 9/1 Dividend8/20/2024Dividend Payable9/01/2024Today9/07/2024Next Earnings (Estimated)10/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Electric services Sub-IndustryUtilities Current SymbolNYSE:FTS CUSIPN/A CIK1058084 Webwww.fortisinc.com Phone(709) 737-2800Fax709-737-5307Employees9,600Year FoundedN/APrice Target and Rating Average Stock Price Target$49.00 High Stock Price Target$61.00 Low Stock Price Target$37.00 Potential Upside/Downside+9.9%Consensus RatingReduce Rating Score (0-4)1.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.32 Trailing P/E Ratio19.22 Forward P/E Ratio19.22 P/E Growth3.16Net Income$1.17 billion Net Margins13.90% Pretax Margin18.97% Return on Equity7.04% Return on Assets2.34% Debt Debt-to-Equity Ratio1.26 Current Ratio0.69 Quick Ratio0.58 Sales & Book Value Annual Sales$11.39 billion Price / Sales1.94 Cash Flow$5.01 per share Price / Cash Flow8.90 Book Value$33.99 per share Price / Book1.31Miscellaneous Outstanding Shares495,191,000Free FloatN/AMarket Cap$22.08 billion OptionableOptionable Beta0.47 Reduce the RiskMarket downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.Get This Free Report Key ExecutivesMr. David Gerard Hutchens (Age 57)President, CEO & Director Comp: $4.43MMs. Jocelyn H. Perry (Age 53)Executive VP & CFO Comp: $1.56MMr. Gary J. Smith (Age 62)Executive Vice President of Operations & Innovation Comp: $1.36MMr. James R. ReidExecutive VP of Sustainability & Chief Legal OfficerMr. Stuart R. Lochray (Age 51)Senior Vice President of Capital Markets & Business Development Comp: $900.78kMr. 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 CompetitorsEnterprise Products PartnersNYSE:EPDConstellation EnergyNASDAQ:CEGAmerican Electric PowerNASDAQ:AEPEnergy TransferNYSE:ETTC EnergyNYSE:TRPView All CompetitorsInstitutional OwnershipClearbridge Investments LLCSold 50,671 shares on 8/27/2024Ownership: 0.609%Truist Financial CorpBought 1,691 shares on 8/21/2024Ownership: 0.006%Creative PlanningSold 2,552 shares on 8/16/2024Ownership: 0.009%Northwestern Mutual Wealth Management Co.Sold 1,103 shares on 8/16/2024Ownership: 0.001%Ninepoint Partners LPSold 1,703 shares on 8/15/2024Ownership: 0.016%View All Institutional 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. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries, providing a stable and essential service to customers. Recent developments show that Fortis Inc. has been expanding its customer base, which can lead to increased revenue and growth potential. With a focus on renewable energy and sustainability, Fortis Inc. is well-positioned to benefit from the global shift towards clean energy sources. Fortis Inc. has a strong track record of dividend payments, making it an attractive option for income-seeking investors. The current stock price of Fortis Inc. is favorable for investors looking to enter the market at a reasonable valuation. Cons Investors should be bearish about investing in Fortis Inc. for these reasons: Fortis Inc. operates in a regulated industry, which can lead to limitations on pricing and profitability. Despite recent expansions, Fortis Inc. faces competition from other utility companies in its operating regions, which could impact market share and growth prospects. Changes in government regulations or policies related to the energy sector could affect Fortis Inc.'s operations and financial performance. Investing in utility companies like Fortis Inc. may not offer the same level of growth potential as other industries with higher volatility. Market conditions and economic factors can influence the stock price of Fortis Inc., leading to fluctuations in investment returns. 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 Thursday, August 22, 2024. Please send any questions or comments about these Fortis pros and cons to contact@marketbeat.com. FTS Stock Analysis - Frequently Asked Questions How have FTS shares performed this year? Fortis' stock was trading at $41.13 at the beginning of the year. Since then, FTS stock has increased by 8.4% and is now trading at $44.59. View the best growth stocks for 2024 here. How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) announced its quarterly earnings results on Wednesday, July, 31st. The utilities provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The utilities provider had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Fortis had a trailing twelve-month return on equity of 7.04% and a net margin of 13.90%. Who are Fortis' major shareholders? Top institutional shareholders of Fortis include TD Asset Management Inc (2.45%), 1832 Asset Management L.P. (1.86%), Toronto Dominion Bank (1.83%) and Cibc World Market Inc. (1.59%). How do I buy shares of Fortis? 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. What other stocks do shareholders of Fortis own? Based on aggregate information from My MarketBeat watchlists, some other companies that Fortis investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Micron Technology (MU) and NIC (EGOV). This page (NYSE:FTS) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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