NYSE:FTS Fortis (FTS) Stock Price, News & Analysis $44.62 -0.28 (-0.62%) (As of 09/19/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSustainabilityTrends Get Fortis alerts: Email Address 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$44.46▼$44.9250-Day Range$39.51▼$45.6552-Week Range$36.30▼$45.83Volume792,595 shsAverage Volume721,365 shsMarket Capitalization$22.09 billionP/E Ratio19.23Dividend Yield3.81%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… Who are Nvidia’s New Silent Partners? (Ad)Nvidia knows it can’t stand still as AI continues to grow at an exponential rate. That’s why CEO Jensen Huang consistently has his company ahead of the curve when it comes to artificial intelligence. Nvidia’s added $2 trillion in market cap in 2024.I call these Nvidia’s “Silent Partners.” Fortis Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 77th PercentileFortis scored higher than 77% of companies evaluated by MarketBeat, and ranked 46th out of 94 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 19.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 19.23, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.48.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 1.36. 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 Media3.4 / 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 0.50 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 13 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 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. 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 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 Crypto Is Set to Explode in SeptemberWith thousands of cryptocurrencies out there, it's crucial to focus on the ONE that has the potential to make HUGE gains. Now, I'm about to reveal the #1 crypto for September 2024. September 20, 2024 | Crypto 101 Media (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, 2024 | forbes.comWill the CPP Still Exist When You Retire?September 16, 2024 | 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 start of the year. Since then, FTS stock has increased by 8.5% and is now trading at $44.6150. View the best growth stocks for 2024 here. How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) issued its quarterly earnings results on Wednesday, July, 31st. The utilities provider reported $0.49 EPS for the quarter, beating 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 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 Payable9/01/2024Today9/20/2024Next 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+9.8%Consensus RatingSell Rating Score (0-4)1.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.32 Trailing P/E Ratio19.23 Forward P/E Ratio19.23 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 / Sales1.94 Cash Flow$4.93 per share Price / Cash Flow9.05 Book Value$32.78 per share Price / Book1.36Miscellaneous Outstanding Shares495,191,000Free FloatN/AMarket Cap$22.09 billion OptionableOptionable Beta0.47 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? 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