TSE:FTS Fortis (FTS) Stock Price, News & Analysis C$58.95 -0.22 (-0.37%) (As of 08/27/2024 ET) Add Compare Share Share Today's RangeC$58.72▼C$59.2050-Day RangeC$52.33▼C$60.0852-Week RangeC$49.82▼C$60.37Volume2.89 million shsAverage Volume1.65 million shsMarket CapitalizationC$29.19 billionP/E Ratio18.48Dividend Yield4.00%Price TargetC$58.90 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get Fortis alerts: Email Address Fortis MarketRank™ Stock AnalysisAnalyst RatingHold2.13 Rating ScoreUpside/Downside0.1% DownsideC$58.90 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.40Based on 10 Articles This WeekInsider TradingSelling SharesC$1.19 M Sold Last QuarterProj. Earnings GrowthN/ASee 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.2.08 out of 5 stars 2.1 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.Amount of Analyst CoverageFortis has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Fortis' stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for FTS. Previous Next 2.5 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 3.94%, 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 73.98%. This payout ratio is at a healthy, sustainable level, below 75%.Read more about Fortis' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FTS. Previous Next 2.4 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.40. 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 news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Fortis this week, compared to 4 articles on an average week.Search Interest11 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Fortis insiders have sold 3,139.29% more of their company's stock than they have bought. Specifically, they have bought C$36,659.00 in company stock and sold C$1,187,493.00 in company stock.Percentage Held by InsidersOnly 0.04% of the stock of Fortis is held by insiders.Percentage Held by Institutions57.86% 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 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 18.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 18.48, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 89.54.Price to Earnings Growth RatioFortis has a PEG Ratio of 2.80. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.38. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingNew Wealth Shift Creates Potential 10x Opportunity in Next 18 MonthsFamous Tech Billionaires Endorse America’s New Money A radical new type of money is about to upend our entire financial system. That’s why billionaires and blue-chip companies are allocating millions, even billions of dollars, in anticipation of its arrival. For regular investors, there’s a chance to potentially make 10x returns in just 18 months if you make the right moves today.Find out how here. About Fortis Stock (TSE: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 HeadlinesAugust 27 at 4:17 AM | insidertrades.comInsider Selling: Fortis Inc. (TSE:FTS) Senior Officer Sells 19,972 Shares of StockAugust 27 at 10:15 PM | americanbankingnews.comNational Bankshares Increases Fortis (TSE:FTS) Price Target to C$62.00August 28, 2024 | Behind the Markets (Ad)Elon Musk’s Urgent WarningElon Musk warned, "We need to do something... or the dollar will be worth nothing." That's why I rushed to get you this FREE report.August 27 at 8:42 PM | finance.yahoo.comFortis Inc (FTS-PG.TO)August 26 at 2:22 PM | msn.comWant Fast-Growing Passive Income? Here Are 3 Long-Term Dividend StocksAugust 24, 2024 | msn.com3 Top-Performing TSX Dividend Stocks to Buy Right NowAugust 24, 2024 | msn.comShould You Really Worry About the CRA Coming After You for Day Trading Taxes?August 20, 2024 | americanbankingnews.comFortis Inc. (TSE:FTS) Receives C$58.17 Average Target Price from BrokeragesAugust 28, 2024 | Behind the Markets (Ad)Elon Musk’s Urgent WarningElon Musk warned, "We need to do something... or the dollar will be worth nothing." That's why I rushed to get you this FREE report.August 18, 2024 | theglobeandmail.comFortis: Stocks Overvalued by Analyst Consensus on TSX (FTS)August 18, 2024 | americanbankingnews.comFortis Inc. (FTS) to Issue Quarterly Dividend of $0.59 on September 1stAugust 17, 2024 | nz.finance.yahoo.comFortis Inc (12F.SG)August 12, 2024 | msn.com1 Dividend Stock I’d Buy Over Fortis StockAugust 3, 2024 | marketwatch.comFortis Inc. stock rises Friday, outperforms marketAugust 1, 2024 | markets.businessinsider.comEntergy Corp Q2 Profit Decreases, But Beats EstimatesAugust 1, 2024 | marketwatch.comFortis Inc. stock rises Wednesday, still underperforms marketJuly 31, 2024 | markets.businessinsider.comHess Corporation Q2 Profit Increases, Beats EstimatesJuly 31, 2024 | msn.comFortis piles on more profits in Q2 2024See 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 Ex-Dividend for 6/1 Dividend5/16/2024Dividend Payable6/01/2024Last Earnings7/31/2024Ex-Dividend for 9/1 Dividend8/20/2024Today8/27/2024Dividend Payable9/01/2024Next Earnings (Estimated)10/25/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorUtilities Industry Utilities - Regulated Electric Sub-IndustryN/A Current SymbolTSE:FTS CUSIPN/A CIKN/A Webwww.fortisinc.com Phone+1-709-7372800FaxN/AEmployees9,598Year FoundedN/APrice Target and Rating Average Stock Price TargetC$58.90 High Stock Price TargetC$63.00 Low Stock Price TargetC$50.00 Potential Upside/Downside-0.1%Consensus RatingHold Rating Score (0-4)2.13 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.19 Trailing P/E Ratio18.48 Forward P/E Ratio18.24 P/E Growth2.8Net IncomeC$1.56 billion Net Margins14.35% Pretax MarginN/A Return on Equity7.44% Return on Assets3.09% Debt Debt-to-Equity Ratio128.59 Current Ratio0.69 Quick Ratio0.36 Sales & Book Value Annual SalesC$11.39 billion Price / Sales2.56 Cash FlowC$0.90 per share Price / Cash Flow65.80 Book ValueC$42.66 per share Price / Book1.38Miscellaneous Outstanding Shares495,200,000Free FloatN/AMarket CapC$29.19 billion OptionableNot Optionable Beta0.22 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. David Gerard Hutchens (Age 57)President, CEO & Director Comp: $6.06MMs. Jocelyn H. Perry (Age 53)Executive VP & CFO Comp: $2.14MMr. Gary J. Smith (Age 62)Executive Vice President of Operations & Innovation Comp: $1.86MMr. James R. ReidExecutive VP of Sustainability & Chief Legal OfficerMr. Stuart R. Lochray (Age 51)Senior Vice President of Capital Markets & Business Development Comp: $1.23MMr. 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 CompetitorsHydro OneTSE:HEmeraTSE:EMACaribbean UtilitiesTSE:CUP.UCrius Energy UntTSE:KWH.UNBrookfield Infrastructure PartnersTSE:BIP.UNView All CompetitorsInsidersJames ReidSold 19,972 sharesTotal: C$1.19 M ($59.46/share)James ReidBought 700 shares on 6/19/2024Total: C$36,659.00 ($52.37/share)Brian SlocumBought 1,888 shares on 3/5/2024Total: C$73,971.65 ($39.18/share)Margarita DilleyBought 960 shares on 2/29/2024Total: C$37,027.20 ($38.57/share)Ronald HinsleySold 972 sharesTotal: C$37,706.21 ($38.79/share)View All Insider 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. has a consistent track record of beating analyst earnings estimates, indicating strong financial performance. Recent analyst reports have raised price targets for Fortis Inc., suggesting positive sentiment and potential for stock price appreciation. Fortis Inc. has a stable dividend history, providing investors with a reliable income stream. The company has a relatively low beta of 0.18, indicating lower volatility compared to the overall market. Fortis Inc. has a healthy return on equity of 7.38%, demonstrating efficient use of shareholder equity. Cons Investors should be bearish about investing in Fortis Inc. for these reasons: Fortis Inc. has a high debt-to-equity ratio of 128.89, which may pose risks in terms of financial leverage. Despite positive analyst sentiment, Fortis Inc.'s stock price has experienced fluctuations, potentially leading to short-term uncertainty for investors. The company's price-to-earnings ratio of 18.50 is higher than the industry average, indicating the stock may be overvalued. Fortis Inc.'s price-to-earnings-growth ratio of 2.80 suggests that the stock may be relatively expensive compared to its earnings growth potential. Investors should consider the current stock price of C$59.01 and evaluate whether it aligns with their investment strategy and risk tolerance. 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 Sunday, August 25, 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 C$54.51 at the beginning of the year. Since then, FTS shares have increased by 8.1% and is now trading at C$58.95. View the best growth stocks for 2024 here. How were Fortis' earnings last quarter? Fortis Inc. (TSE:FTS) issued its earnings results on Wednesday, July, 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.71 billion. Fortis had a net margin of 14.35% and a trailing twelve-month return on equity of 7.44%. How do I buy shares of Fortis? Shares of FTS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.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 Enbridge (ENB), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), TELUS (T), BCE (BCE) and Bank of Montreal (BMO). This page (TSE:FTS) was last updated on 8/28/2024 by MarketBeat.com Staff From Our PartnersIs This the End of the Dow? (See Proof)Major Financial System Upgrade to Hit Like a Shockwave A radical new upgrade to our entire financial system...Banyan Hill Publishing | SponsoredDo NOT Day Trade (Do THIS instead)Forget day trading (especially in markets like these). Trade OVERNIGHT instead! I've uncovered a shockin...Monument Traders Alliance | SponsoredGrab this ETF paying a huge 22% dividendImagine a world where you don't have to stress about inflation eroding your savings... Where your paycheck ...Investors Alley | SponsoredThe #1 Crypto for AIWe’ve issued an urgent landmark trade alert for a new crypto wonder. 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