NYSE:FTS Fortis (FTS) Stock Price, News & Analysis $44.90 -0.44 (-0.97%) (As of 09/18/2024 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 Key Stats Today's Range$44.81▼$45.3950-Day Range$39.51▼$45.6552-Week Range$36.30▼$45.83Volume335,786 shsAverage Volume721,692 shsMarket Capitalization$22.23 billionP/E Ratio19.35Dividend Yield3.79%Price Target$49.00Consensus RatingSell 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… This diversified cannabis pioneer could make huge moves soon (Ad)The cannabis industry seems deeply saturated, so how do you know where to best invest your money? Let’s start with diversification and experience. Founded in 2005, this company serves a diverse and expansive customer base with more than 8,000 retail locations, including licensed cannabis dispensaries, smoke shops, and specialty retailers. Learn more here. Fortis Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 74th PercentileFortis scored higher than 74% of companies evaluated by MarketBeat, and ranked 46th out of 97 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion0.7 / 5Analyst RatingSell Consensus RatingFortis has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.Amount of Analyst CoverageFortis has only been the subject of 1 research reports in the past 90 days.Read more about Fortis' stock forecast and price target. Earnings and Valuation1.9 / 5Proj. Earnings Growth3.88% 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 19.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.39.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 19.35, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.02.Price to Earnings Growth RatioFortis has a PEG Ratio of 3.21. 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 Shorted2.11% 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 17.5, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently decreased by 32.54%, indicating that investor sentiment is improving significantly. Dividend3.3 / 5Dividend StrengthStrong Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 3.78%, 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. Sustainability and ESG3.7 / 5Environmental Score-3.20 Percentage of Shares Shorted2.11% 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 17.5, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently decreased by 32.54%, indicating that investor sentiment is improving significantly. News and Social Media2.8 / 5News Sentiment1.04 News SentimentFortis has a news sentiment score of 1.04. 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 0.53 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Fortis this week, compared to 5 articles on an average week.Search InterestOnly 9 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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. FTS Stock News HeadlinesBoost Your Passive Income With 4 Reliable TSX Dividend StocksSeptember 18 at 7:42 PM | ca.finance.yahoo.comCapital Growth Plus Dividends: 3 Hidden Gems to Buy NowSeptember 17 at 12:04 PM | ca.finance.yahoo.comThis diversified cannabis pioneer could make huge moves soonThe cannabis industry seems deeply saturated, so how do you know where to best invest your money? Let’s start with diversification and experience. Founded in 2005, this company serves a diverse and expansive customer base with more than 8,000 retail locations, including licensed cannabis dispensaries, smoke shops, and specialty retailers. September 18, 2024 | Greenlane (Ad)Scotiabank, Exchange Income, Granite REIT Reach 52-Week Highs on NewsSeptember 17 at 12:04 PM | baystreet.caEndorfy Fortis 5 CPU Cooler Review: Quiet, Great Cooling And Just $42September 16 at 5:10 PM | forbes.comWill the CPP Still Exist When You Retire?September 16 at 5:10 PM | fool.caInvesting in Fortis (TSE:FTS) five years ago would have delivered you a 34% gainSeptember 14, 2024 | sg.finance.yahoo.comFortis (NYSE:FTS) Lifted to Strong Sell at UBS GroupSeptember 13, 2024 | americanbankingnews.comSee More Headlines FTS Stock Analysis - Frequently Asked Questions How have FTS shares performed this year? Fortis' stock was trading at $41.13 at the beginning of 2024. Since then, FTS stock has increased by 9.2% and is now trading at $44.90. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The utilities provider had revenue of $1.95 billion for the quarter, compared to the consensus estimate 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). Company Calendar Last Earnings7/31/2024Ex-Dividend for 9/1 Dividend8/20/2024Dividend Payable9/01/2024Today9/18/2024Next 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+9.1%Consensus RatingSell Rating Score (0-4)1.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.32 Trailing P/E Ratio19.35 Forward P/E Ratio19.35 P/E Growth3.21Net 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$4.96 per share Price / Cash Flow9.05 Book Value$32.78 per share Price / Book1.37Miscellaneous Outstanding Shares495,191,000Free FloatN/AMarket Cap$22.23 billion OptionableOptionable Beta0.47 Should I Buy Fortis Stock? FTS Pros and Cons Explained 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. Fortis Bull Case 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. Fortis Bear Case 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. This page (NYSE:FTS) was last updated on 9/18/2024 by MarketBeat.com Staff From Our PartnersThis diversified cannabis pioneer could make huge moves soonThe cannabis industry seems deeply saturated, so how do you know where to best invest your money? Let’s start ...Greenlane | SponsoredTim 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 | SponsoredUnlock the Secret to Easy Wins with Iron CondorsDiscover the power of Iron Condor trades – a low-risk, high-reward strategy that allows you to profit consiste...Netpicks | SponsoredSell NVDA Now?Guess who's selling NVDA next The most successful hedge fund in history quietly sold 500,000 shares. 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