Fortis (FTS) Stock Price, News & Analysis

Company Overview

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.

Key Stats

• Today's Range: C$68.12 to C$69.70
• 50-Day Range: C$63.96 to C$68.79
• 52-Week Range: C$57.50 to C$69.70
• Volume: 2.01 million shs
• Average Volume: 1.65 million shs
• Market Capitalization: C$34.03 billion
• P/E Ratio: 20.42
• Dividend Yield: 3.58%
• Price Target: C$66.35
• Consensus Rating: Hold

Fortis Stock Analysis - MarketRank™

Fortis scored higher than 33% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Fortis has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 1 buy rating, 5 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Fortis has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortis is 20.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortis is 20.42, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 19.95.

Price to Earnings Growth Ratio

Fortis has a PEG Ratio of 3.01. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Fortis has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for FTS.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Fortis 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 Growth

Fortis does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Fortis is 73.02%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for FTS.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.61

News Sentiment

Fortis has a news sentiment score of 0.61. 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 lower news sentiment than the 0.76 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Fortis this week, compared to 4 articles on an average week.

Search Interest

17 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.

MarketBeat Follows

Only 2 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 Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Fortis insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.04% of the stock of Fortis is held by insiders.

Percentage Held by Institutions

57.37% of the stock of Fortis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FTS Stock Analysis - Frequently Asked Questions

How have FTS shares performed this year?

Fortis' stock was trading at C$59.73 at the start of the year. Since then, FTS stock has increased by 15.2% and is now trading at C$68.79.

How were Fortis' earnings last quarter?

Fortis Inc. (TSE:FTS) announced its quarterly earnings results on Tuesday, November, 5th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. Fortis had a trailing twelve-month return on equity of 7.48% and a net margin of 14.53%.

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.

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), TELUS (T), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), BCE (BCE) and Bank of Montreal (BMO).

Company Calendar

• Last Earnings: 11/05/2024
• Ex-Dividend for 6/1 Dividend: 5/16/2025
• Record date for 6/1 Dividend: 6/01/2025
• Dividend Payable: 6/01/2025
• Today: 8/02/2025
• Ex-Dividend for 9/1 Dividend: 8/19/2025
• Record date for 9/1 Dividend: 9/01/2025
• Dividend Payable: 9/01/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Regulated Electric
• Sub-Industry: N/A
• Current Symbol: TSE:FTS
• CIK: N/A
• Web: www.fortisinc.com
• Phone: +1-709-7372800
• Fax: N/A
• Employees: 9,600
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Fortis: C$66.35
• High Price Target: C$74.00
• Low Price Target: C$60.00
• Potential Upside/Downside: -3.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.30
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): C$3.37
• Trailing P/E Ratio: 20.42
• Forward P/E Ratio: 20.58
• P/E Growth: 3.01
• Net Income: C$1.66 billion
• Net Margins: 14.53%
• Pretax Margin: N/A
• Return on Equity: 7.48%
• Return on Assets: 3.09%

Debt

• Debt-to-Equity Ratio: 142.31
• Current Ratio: 0.74
• Quick Ratio: 0.36

Sales & Book Value

• Annual Sales: C$11.41 billion
• Price / Sales: 2.98
• Cash Flow: C$1.05 per share
• Price / Cash Flow: 65.80
• Book Value: C$49.16 per share
• Price / Book: 1.40

Miscellaneous

• Outstanding Shares: 494,710,305
• Free Float: N/A
• Market Cap: C$34.03 billion
• Optionable: Not Optionable
• Beta: 0.23