NYSE:FTS Fortis (FTS) Stock Price, News & Analysis $44.82 +0.11 (+0.25%) (As of 11/21/2024 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$44.34▼$44.8450-Day Range$42.57▼$45.8052-Week Range$36.86▼$46.06Volume164,190 shsAverage Volume718,133 shsMarket Capitalization$22.29 billionP/E Ratio18.83Dividend Yield4.06%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… Democrats Sold Out the American Dream - Are you ready? (Ad)There's a massive housing crisis looming, and nobody on Main Street knows it yet... The Democrats sold out the American Dream - and now, millions of Americans are locked out of the housing market, forced to become "permanent renters."Click here to see exactly what you need to do >>> Fortis Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks49th Percentile Overall ScoreFTS MarketRank™: Fortis scored higher than 49% of companies evaluated by MarketBeat, and ranked 74th out of 92 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 Growth3.88% 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 18.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.83.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 18.83, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.87.Price to Earnings Growth RatioFortis has a PEG Ratio of 4.09. 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 Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted1.98% 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 16.1, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently increased by 36.15%, indicating that investor sentiment is decreasing significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.06%, 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 76.47%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Fortis will have a dividend payout ratio of 75.52% in the coming year. This indicates that Fortis may not be able to sustain their current dividend.Read more about Fortis' dividend. Sustainability and ESG3.7 / 5Environmental Score-3.20 Percentage of Shares Shorted1.98% 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 16.1, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently increased by 36.15%, indicating that investor sentiment is decreasing 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 0.70 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Fortis this week, compared to 6 articles on an average week.Search Interest19 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 HeadlinesBest Beginner-Friendly Stocks to Buy Now in CanadaNovember 21 at 5:06 PM | msn.comA Look At The Intrinsic Value Of Fortis Inc. (TSE:FTS)November 21 at 5:06 PM | finance.yahoo.comWhat This Post-Election Shift Means for Your InvestmentsThe election may be over, but its impact on financial markets is only beginning. New trends are emerging, bringing both challenges and opportunities for investors. Many of these changes are flying under the radar, yet they have the potential to reshape the financial landscape for years to come. Understanding how these shifts could affect your wealth—and what steps to take—has never been more important.November 22, 2024 | InvestorPlace (Ad)Fortis partners Xina AI to transform restaurant ordering processNovember 18, 2024 | msn.comTFSA Investors: 3 Dividend Stocks to Buy and Hold ForeverNovember 17, 2024 | fool.caFortis Inc. stock rises Tuesday, still underperforms marketNovember 12, 2024 | marketwatch.com1 Dividend Stock That Could Create $5,000 in Tax-Free Passive Income in 10 YearsNovember 12, 2024 | msn.comEarnings Report: Fortis Inc. Missed Revenue Estimates By 6.4%November 7, 2024 | finance.yahoo.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 shares have increased by 9.0% and is now trading at $44.8150. View the best growth stocks for 2024 here. How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) released its quarterly earnings results on Tuesday, November, 5th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.26. The utilities provider had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.01 billion. Fortis had a net margin of 14.06% and a trailing twelve-month return on equity of 7.03%. Who are Fortis' major shareholders? Fortis' top institutional shareholders include Toronto Dominion Bank (1.13%), National Bank of Canada FI (1.04%), CIBC Asset Management Inc (0.79%) and Connor Clark & Lunn Investment Management Ltd. (0.75%). 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 Ex-Dividend for 9/1 Dividend8/20/2024Dividend Payable9/01/2024Last Earnings11/05/2024Ex-Dividend for 12/1 Dividend11/18/2024Today11/21/2024Dividend Payable12/01/2024Fiscal Year End12/31/2024Next Earnings (Estimated)2/14/2025Get 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)$2.38 Trailing P/E Ratio18.83 Forward P/E Ratio19.32 P/E Growth4.09Net Income$1.17 billion Net Margins14.06% Pretax Margin18.97% Return on Equity7.03% Return on Assets2.33% Debt Debt-to-Equity Ratio1.26 Current Ratio0.69 Quick Ratio0.58 Sales & Book Value Annual Sales$8.53 billion Price / Sales2.61 Cash Flow$4.95 per share Price / Cash Flow9.05 Book Value$32.78 per share Price / Book1.37Miscellaneous Outstanding Shares497,290,000Free FloatN/AMarket Cap$22.29 billion OptionableOptionable Beta0.47 Unlock the Potential in Options TradingOptions trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.Get This Free Report This page (NYSE:FTS) was last updated on 11/22/2024 by MarketBeat.com Staff From Our Partners[625,000% Gain] – Are You Ready for the Next Altcoin Boom?All of our key indicators are flashing the same signal: an altcoin season is fast approaching. And if you k...Crypto Swap Profits | SponsoredWhat Comes Next Could Be a Once-in-a-Lifetime OpportunityA wave of technological and financial transformation is reshaping the investment landscape. For those who unde...InvestorPlace | SponsoredThe AI Crash Begins November 30thMost AI stocks are doomed. I’m not an AI hater. 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