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Fortis (FTS) Competitors

Fortis logo
C$60.01 +0.71 (+1.20%)
(As of 12/20/2024 05:17 PM ET)

FTS vs. H, EMA, CUP.U, KWH.UN, BIP.UN, BEP.UN, CPX, BEPC, BIPC, and CU

Should you be buying Fortis stock or one of its competitors? The main competitors of Fortis include Hydro One (H), Emera (EMA), Caribbean Utilities (CUP.U), Crius Energy Unt (KWH.UN), Brookfield Infrastructure Partners (BIP.UN), Brookfield Renewable Partners (BEP.UN), Capital Power (CPX), Brookfield Renewable (BEPC), Brookfield Infrastructure (BIPC), and Canadian Utilities (CU). These companies are all part of the "utilities" sector.

Fortis vs.

Fortis (TSE:FTS) and Hydro One (TSE:H) are both large-cap utilities companies, but which is the superior investment? We will compare the two businesses based on the strength of their media sentiment, analyst recommendations, institutional ownership, dividends, community ranking, earnings, risk, valuation and profitability.

Fortis has higher revenue and earnings than Hydro One. Fortis is trading at a lower price-to-earnings ratio than Hydro One, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
FortisC$11.39B2.61C$1.56BC$3.1918.81
Hydro OneC$8.11B3.27C$1.12BC$1.8723.64

Fortis has a beta of 0.23, indicating that its stock price is 77% less volatile than the S&P 500. Comparatively, Hydro One has a beta of 0.34, indicating that its stock price is 66% less volatile than the S&P 500.

Fortis has a net margin of 14.35% compared to Hydro One's net margin of 13.85%. Hydro One's return on equity of 9.61% beat Fortis' return on equity.

Company Net Margins Return on Equity Return on Assets
Fortis14.35% 7.44% 3.09%
Hydro One 13.85%9.61%3.57%

Fortis currently has a consensus target price of C$60.33, suggesting a potential upside of 0.54%. Hydro One has a consensus target price of C$43.00, suggesting a potential downside of 2.74%. Given Fortis' higher probable upside, equities analysts clearly believe Fortis is more favorable than Hydro One.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Fortis
3 Sell rating(s)
6 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.67
Hydro One
0 Sell rating(s)
8 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Fortis pays an annual dividend of C$2.46 per share and has a dividend yield of 4.1%. Hydro One pays an annual dividend of C$1.26 per share and has a dividend yield of 2.9%. Fortis pays out 77.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Hydro One pays out 67.4% of its earnings in the form of a dividend.

Fortis received 236 more outperform votes than Hydro One when rated by MarketBeat users. Likewise, 66.94% of users gave Fortis an outperform vote while only 64.16% of users gave Hydro One an outperform vote.

CompanyUnderperformOutperform
FortisOutperform Votes
723
66.94%
Underperform Votes
357
33.06%
Hydro OneOutperform Votes
487
64.16%
Underperform Votes
272
35.84%

In the previous week, Fortis had 1 more articles in the media than Hydro One. MarketBeat recorded 3 mentions for Fortis and 2 mentions for Hydro One. Fortis' average media sentiment score of 0.37 beat Hydro One's score of 0.10 indicating that Fortis is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Fortis
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hydro One
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

57.4% of Fortis shares are owned by institutional investors. Comparatively, 22.1% of Hydro One shares are owned by institutional investors. 0.0% of Fortis shares are owned by company insiders. Comparatively, 47.1% of Hydro One shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Summary

Fortis beats Hydro One on 11 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FTS vs. The Competition

MetricFortisUtilities IndustryUtilities SectorTSE Exchange
Market CapC$29.72BC$17.74BC$13.72BC$6.05B
Dividend Yield3.98%5.47%4.10%5.43%
P/E Ratio18.81134.7095.0326.16
Price / Sales2.6139.8723.331,327.99
Price / Cash65.80153.6918.2982.04
Price / Book1.411.662.193.07
Net IncomeC$1.56BC$945.95MC$629.73MC$294.08M
7 Day Performance-0.41%-0.25%-1.92%-2.47%
1 Month Performance-4.11%-0.41%-2.56%-0.78%
1 Year Performance11.88%4.85%1.51%34.57%

Fortis Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FTS
Fortis
0.7596 of 5 stars
C$60.01
+1.2%
C$60.33
+0.5%
+12.0%C$29.72BC$11.39B18.819,600High Trading Volume
H
Hydro One
0.7759 of 5 stars
C$44.20
-0.5%
C$43.00
-2.7%
+14.3%C$26.50BC$8.11B23.7650,000
EMA
Emera
1.4016 of 5 stars
C$54.59
-0.1%
C$57.10
+4.6%
+10.0%C$15.74BC$7.35B21.277,120News Coverage
CUP.U
Caribbean Utilities
N/AC$14.01
-1.6%
C$14.00
-0.1%
+32.3%C$537.56MC$287.75M13.74226
KWH.UN
Crius Energy Unt
N/AC$8.80
+0.1%
N/AN/AC$498.13MC$1.21B-40.37N/AHigh Trading Volume
BIP.UN
Brookfield Infrastructure Partners
0.1831 of 5 stars
C$46.14
-0.9%
C$34.00
-26.3%
+12.1%C$21.30BC$19.78B-258.5644,000
BEP.UN
Brookfield Renewable Partners
1.064 of 5 stars
C$34.01
+0.3%
C$40.00
+17.6%
-6.8%C$9.69BC$5.48B-38.97N/APositive News
CPX
Capital Power
2.801 of 5 stars
C$62.40
-0.3%
C$56.78
-9.0%
+70.4%C$8.11BC$3.88B12.39737Analyst Forecast
Analyst Revision
News Coverage
BEPC
Brookfield Renewable
N/A42.34
flat
N/A+7.1%$7.61B$4.71B7.451,890
BIPC
Brookfield Infrastructure
N/A57.17
-1.2%
N/A+17.0%$7.55B$3.28B4.301,700Positive News
CU
Canadian Utilities
0.4553 of 5 stars
C$35.56
+0.4%
C$36.80
+3.5%
+10.7%C$7.29BC$3.74B17.899,018

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This page (TSE:FTS) was last updated on 12/21/2024 by MarketBeat.com Staff
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