NYSE:FTS Fortis (FTS) Stock Price, News & Analysis $44.76 -0.12 (-0.27%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSustainabilityTrends About Fortis Stock (NYSE:FTS) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Fortis alerts:Sign Up Key Stats Today's Range$44.51▼$44.9650-Day Range$42.75▼$45.8052-Week Range$36.86▼$46.06Volume569,603 shsAverage Volume708,540 shsMarket Capitalization$22.16 billionP/E Ratio18.96Dividend Yield4.04%Price TargetN/AConsensus RatingStrong Sell Company OverviewFortis 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… Unlock the Secret to Earning Consistent Income from Stocks Under $30! (Ad)Are you ready to transform your investment strategy and generate a steady monthly income? We’re excited to offer you our exclusive report, "Options Trading Strategy: 2 (Surprisingly) Low-Cost Stocks Primed for Generating Monthly Income," FREE!👉 Yes, I Want the Free Report! 👈 Fortis Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks70th Percentile Overall ScoreFTS MarketRank™: Fortis scored higher than 70% of companies evaluated by MarketBeat, and ranked 55th out of 95 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's OpinionN/AAnalyst RatingN/A Consensus RatingThere is not enough analysis data for Fortis.Read more about Fortis' stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth3.40% Earnings GrowthEarnings for Fortis are expected to grow by 3.40% in the coming year, from $2.35 to $2.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 18.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 18.96, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.18.Price to Earnings Growth RatioFortis has a PEG Ratio of 3.83. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.37. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.62% 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 12.6, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently decreased by 19.78%, indicating that investor sentiment is improving significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 3.85%, 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 78.02%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Fortis will have a dividend payout ratio of 74.49% next year. This indicates that Fortis will be able to sustain or increase its dividend.Read more about Fortis' dividend. Sustainability and ESG3.7 / 5Environmental Score-3.20 Percentage of Shares Shorted1.62% 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 12.6, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently decreased by 19.78%, indicating that investor sentiment is improving significantly. News and Social Media3.3 / 5News Sentiment0.93 News SentimentFortis has a news sentiment score of 0.93. 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 0.50 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Fortis this week, compared to 5 articles on an average week.Search Interest18 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 100% 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 300% compared to the previous 30 days. Company Ownership0.8 / 5Insider TradingN/A 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. 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 FTS Stock News HeadlinesRRSP Investors: 3 Top TSX Stocks With Great Records of Dividend GrowthOctober 17 at 3:25 PM | fool.caBetter Utility Stock for Canadians: Fortis or Hydro One?October 16 at 8:50 AM | msn.comThis man predicted today’s most valuable companies more than a decade ago.How could it be that one analyst called the rise of Apple, Microsoft, Nvidia, and many of today’s best performing stocks more than a decade ago? Some might say it was luck… Others will say he was in the right place at the right time. But looking back, this analyst has made some incredible calls over his career… In fact, right now, he’s the #1 ranked stock picker in North America… To earn that title he’s beat out more than 16,000 stock market professionals. So how does one man accomplish all that? If you were to ask him, he’d give the credit to his stock rating system…. A system that has a history of predicting which stocks could soon rise by 100% or more…October 17, 2024 | DTI (Ad)Retirees: Focus on Dividend Growth With These 3 StocksOctober 11, 2024 | 247wallst.comFortis Inc. to Hold Teleconference on November 5 to Discuss Third Quarter 2024 ResultsOctober 7, 2024 | globenewswire.comFortis Raises Its Dividend and Forecasts Many More to ComeOctober 7, 2024 | baystreet.caIs Fortis or BCE Inc Stock a Better Buy for Passive Income?October 1, 2024 | msn.comMaintaining Hold Position on Fortis: Balanced Growth and Valuation OutlookSeptember 27, 2024 | markets.businessinsider.comSee More Headlines FTS Stock Analysis - Frequently Asked Questions How have FTS shares performed this year? Fortis' stock was trading at $41.13 on January 1st, 2024. Since then, FTS shares have increased by 8.8% and is now trading at $44.7550. View the best growth stocks for 2024 here. How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) issued its earnings results on Wednesday, July, 31st. The utilities provider reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The utilities provider earned $1.95 billion during the quarter, compared to analysts' expectations 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 investors of Fortis include QV Investors Inc. (0.20%), Value Partners Investments Inc. (0.02%), Creative Planning (0.01%) and Addison Capital Co (0.01%). 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 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 Last Earnings7/31/2024Ex-Dividend for 9/1 Dividend8/20/2024Dividend Payable9/01/2024Today10/17/2024Next Earnings (Confirmed)11/05/2024Ex-Dividend for 12/1 Dividend11/18/2024Dividend Payable12/01/2024Fiscal 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/AProfitability EPS (Most Recent Fiscal Year)$2.32 Trailing P/E Ratio18.97 Forward P/E Ratio19.05 P/E Growth3.83Net 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 / Sales1.95 Cash Flow$5.11 per share Price / Cash Flow8.76 Book Value$32.78 per share Price / Book1.37Miscellaneous Outstanding Shares495,191,000Free FloatN/AMarket Cap$22.16 billion OptionableOptionable Beta0.47 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report This page (NYSE:FTS) was last updated on 10/17/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredCrypto’s next big bull run?Juan Villaverde may be America’s top crypto expert. And he says something big is coming for crypto – on Nov...Weiss Ratings | SponsoredRetire off just one stock ticker?ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT m...Behind the Markets | SponsoredMan who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… ...Paradigm Press | SponsoredWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. 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