NYSE:FTS Fortis (FTS) Stock Price, News & Analysis → “The Stock Market’s Bull Run is Far from Over” -Barrons (From Vertical Research Advisory) (Ad) Free FTS Stock Alerts $39.50 +0.13 (+0.33%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$39.34▼$39.5550-Day Range$38.49▼$40.4952-Week Range$36.30▼$46.28Volume762,427 shsAverage Volume738,530 shsMarket Capitalization$19.38 billionP/E Ratio17.17Dividend Yield4.43%Price Target$55.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipShort InterestSocial MediaSustainability Get Fortis alerts: Email Address Fortis MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside39.6% Upside$55.13 Price TargetShort InterestHealthy1.62% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.20Upright™ Environmental ScoreNews Sentiment0.24Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth1.27%From $2.37 to $2.40 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.63 out of 5 starsUtilities Sector16th out of 90 stocksElectric Services Industry7th out of 40 stocks 3.0 Analyst's Opinion Consensus RatingFortis has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $55.13, Fortis has a forecasted upside of 39.6% from its current price of $39.50.Amount of Analyst CoverageFortis has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.62% 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 9.2.Change versus previous monthShort interest in Fortis has recently decreased by 23.38%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.51%, 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 76.09%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Fortis will have a dividend payout ratio of 72.92% next year. This indicates that Fortis will be able to sustain or increase its dividend. Previous Next 3.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFortis has received a 47.26% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Natural gas distribution services", "Main electricity grid operation services for electricity produced by waste", "Local electricity grid operation services for electricity produced by waste", "Main electricity grid operation services for electricity produced by renewable energy sources", and "Local electricty grid operation services for electricty produced by renewable energy sources" products. See details.Environmental SustainabilityThe Environmental Impact score for Fortis is -3.20. Previous Next 1.8 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.24. 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 0.47 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Fortis this week, compared to 5 articles on an average week.Search Interest35 people have searched for FTS on MarketBeat in the last 30 days. This is an increase of 30% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Fortis to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 0.8 Company Ownership 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Fortis are expected to grow by 1.27% in the coming year, from $2.37 to $2.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 17.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 17.17, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 76.04.Price to Earnings Growth RatioFortis has a PEG Ratio of 2.92. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsCentral Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.Find out how you can protect yourself now >>> About Fortis Stock (NYSE:FTS)Fortis 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 FTS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTS Stock News HeadlinesMarch 27, 2024 | finance.yahoo.comFTS: What does Argus have to say about FTS?March 27, 2024 | seekingalpha.comFortis: The Sub-Par Performance Continues Due To ValuationMarch 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 26, 2024 | fool.caBetter Stock: Fortis vs EnbridgeMarch 22, 2024 | msn.comHere’s the Average CPP Benefit at Age 60 in 2024March 21, 2024 | finance.yahoo.comFortis' (TSE:FTS) Returns Have Hit A WallMarch 13, 2024 | ca.finance.yahoo.comUTA Accused of Fraud, Breach of Contract by MediaLink CEO Michael Kassan (EXCLUSIVE)March 13, 2024 | ca.news.yahoo.comAfter depressed stock prices this fiscal year, Petco CEO Ron Coughlin steps downMarch 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 13, 2024 | ca.finance.yahoo.comNasdaq slips as growth stocks retreat ahead of economic dataMarch 12, 2024 | msn.comFortis Is a Dividend Behemoth to Buy Right NowMarch 11, 2024 | globenewswire.comFortis Inc. Releases 2024 Climate ReportMarch 8, 2024 | msn.comMarried Canadians: Are You Missing This Crucial Tax Break?March 8, 2024 | msn.comIf You’d Invested $1,000 in Fortis Stock in 2014, This Is How Much You Would Have TodayMarch 7, 2024 | msn.comWhere to Invest $10,000 in a Bullish MarketMarch 6, 2024 | msn.com3 Reasons to Buy and Hold Fortis StockMarch 6, 2024 | msn.comRevealed: 1 Canadian Utility Stock That Looks Severely UndervaluedFebruary 29, 2024 | fool.caTFSA Passive Income: Is Fortis Stock a Buy Now?February 25, 2024 | msn.com3 Dividend Stocks You Can Safely Hold for DecadesFebruary 24, 2024 | theglobeandmail.comFortis: Top 10 Undervalued Large Cap Stocks on TSX (FTS)February 17, 2024 | msn.comMumbai News: Fortis Hospital In Mulund Marks Completion Of 100 Bone Marrow TransplantsFebruary 10, 2024 | insidermonkey.comFortis Inc. (NYSE:FTS) Q4 2023 Earnings Call TranscriptFebruary 10, 2024 | finance.yahoo.comFour Days Left Until Fortis Inc. (TSE:FTS) Trades Ex-DividendFebruary 10, 2024 | seekingalpha.comFortis Inc. 2023 Q4 - Results - Earnings Call PresentationFebruary 9, 2024 | marketwatch.comFortis Profit Rises in 4QFebruary 9, 2024 | financialpost.comFortis Inc. Files 2023 Year-End Disclosure DocumentsFebruary 8, 2024 | finance.yahoo.comFortis Inc. Announces Second Quarter Dividends – 2024See More Headlines 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 Company Calendar Last Earnings2/09/2024Ex-Dividend for 3/1 Dividend2/15/2024Dividend Payable3/01/2024Today3/29/2024Next Earnings (Estimated)5/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Electric services Sub-IndustryN/A 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$55.13 High Stock Price Target$62.00 Low Stock Price Target$37.00 Potential Upside/Downside+39.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.30 Trailing P/E Ratio17.17 Forward P/E Ratio16.67 P/E Growth2.92Net Income$1.17 billion Net Margins13.22% Pretax Margin17.97% Return on Equity7.00% Return on Assets2.32% Debt Debt-to-Equity Ratio1.27 Current Ratio0.67 Quick Ratio0.58 Sales & Book Value Annual Sales$8.53 billion Price / Sales2.27 Cash Flow$5.02 per share Price / Cash Flow7.87 Book Value$32.78 per share Price / Book1.21Miscellaneous Outstanding Shares490,620,000Free FloatN/AMarket Cap$19.38 billion OptionableOptionable Beta0.42 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. David Gerard Hutchens (Age 57)President, CEO & Director Comp: $3.54MMs. Jocelyn H. Perry (Age 53)Executive VP & CFO Comp: $1.34MMr. Gary J. Smith (Age 62)Executive Vice President of Operations & Innovation Comp: $1.14MMr. James R. ReidExecutive VP of Sustainability & Chief Legal OfficerMr. Stuart I. LochraySenior Vice President of Capital Markets & Business DevelopmentMr. Kevin D. WoodburyVice President of Innovation & TechnologyMr. Ronald J. HinsleyChief Information Officer & VPMs. Stephanie A. AmaimoVice President of Investor RelationsMs. Karen M. McCarthy BPRM.Ed, Vice President of Communications and Government RelationsMs. Tanya Nicole FinlayVice President of People & CultureMore ExecutivesKey CompetitorsCentrais Elétricas Brasileiras S.A. - EletrobrásNYSE:EBRPPLNYSE:PPLEversource EnergyNYSE:ESCenterPoint EnergyNYSE:CNPFirstEnergyNYSE:FEView All CompetitorsInstitutional OwnershipQuadrature Capital LtdSold 349,400 shares on 3/25/2024Ownership: 0.019%PNC Financial Services Group Inc.Bought 1,023 shares on 3/22/2024Ownership: 0.001%Vanguard Group Inc.Bought 421,120 shares on 3/11/2024Ownership: 4.045%Wellington Management Group LLPSold 49,969 shares on 3/5/2024Ownership: 0.004%Goldman Sachs Group Inc.Bought 818,835 shares on 3/1/2024Ownership: 0.541%View All Institutional Transactions Should I Buy Fortis Stock? FTS Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Fortis Inc.: Fortis Inc. has a stable financial performance with consistent earnings growth, as evidenced by its recent quarterly earnings report where it beat analyst estimates. The company has a strong market capitalization of $19.35 billion, indicating its size and stability in the market. Fortis Inc. has a low beta of 0.42, suggesting that the stock is less volatile compared to the overall market, providing a level of stability for investors. With a current ratio of 0.67 and a quick ratio of 0.58, Fortis Inc. demonstrates good liquidity and ability to meet short-term obligations. Fortis Inc.'s stock price has shown resilience, with a 52-week low of $36.30 and a 52-week high of $46.28, indicating potential for growth. Cons Investors should be bearish about investing in Fortis Inc. for these reasons: Fortis Inc.'s stock performance has shown a slight decline of 0.5%, which may raise concerns about short-term price fluctuations. The company's P/E ratio of 17.15 and P/E/G ratio of 2.92 may indicate that the stock is currently overvalued, potentially limiting immediate upside for investors. Fortis Inc. has a debt-to-equity ratio of 1.27, which suggests a relatively high level of debt compared to equity, posing some financial risk. The company's revenue of $2.12 billion for the quarter fell short of the consensus estimate of $2.39 billion, indicating a potential challenge in revenue generation. While Fortis Inc. has a return on equity of 7.00%, which is a positive indicator, the net margin of 13.22% may be lower than expected for some investors. 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 Monday, March 25, 2024. Please send any questions or comments about these Fortis pros and cons to contact@marketbeat.com. FTS Stock Analysis - Frequently Asked Questions Should I buy or sell Fortis stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTS, but not buy additional shares or sell existing shares. View FTS analyst ratings or view top-rated stocks. What is Fortis' stock price target for 2024? 4 Wall Street research analysts have issued 1 year price objectives for Fortis' shares. Their FTS share price targets range from $37.00 to $62.00. On average, they anticipate the company's share price to reach $55.13 in the next year. This suggests a possible upside of 39.6% from the stock's current price. View analysts price targets for FTS or view top-rated stocks among Wall Street analysts. How have FTS shares performed in 2024? Fortis' stock was trading at $41.13 on January 1st, 2024. Since then, FTS shares have decreased by 4.0% and is now trading at $39.50. View the best growth stocks for 2024 here. Are investors shorting Fortis? Fortis saw a drop in short interest in the month of February. As of February 29th, there was short interest totaling 10,350,000 shares, a drop of 22.4% from the February 14th total of 13,330,000 shares. Based on an average daily volume of 897,400 shares, the short-interest ratio is presently 11.5 days. View Fortis' Short Interest. When is Fortis' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our FTS earnings forecast. How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) posted its earnings results on Friday, February, 9th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The utilities provider had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.39 billion. Fortis had a net margin of 13.22% and a trailing twelve-month return on equity of 7.00%. During the same period in the previous year, the firm posted $0.53 earnings per share. How often does Fortis pay dividends? What is the dividend yield for Fortis? Fortis declared a quarterly dividend on Monday, February 12th. Investors of record on Friday, May 17th will be given a dividend of $0.4382 per share on Saturday, June 1st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from the stock's previous quarterly dividend of $0.44. Read our dividend analysis for FTS. Is Fortis a good dividend stock? Fortis (NYSE:FTS) pays an annual dividend of $1.75 per share and currently has a dividend yield of 4.51%. FTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.09%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FTS will have a dividend payout ratio of 72.92% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for FTS. What ETF holds Fortis' stock? Cizzle Biotechnology holds 791 shares of FTS stock, representing 0.08% of its portfolio. What other stocks do shareholders of Fortis own? Based on aggregate information from My MarketBeat watchlists, some companies that other Fortis investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Micron Technology (MU), NIC (EGOV), Accenture (ACN), Workday (WDAY). Who are Fortis' major shareholders? Fortis' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.04%), Vanguard Group Inc. (4.04%), FIL Ltd (3.97%), TD Asset Management Inc (2.73%), Beutel Goodman & Co Ltd. (1.94%) and 1832 Asset Management L.P. (1.84%). 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. This page (NYSE:FTS) was last updated on 3/29/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders Alliance“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyMost important medical advance in 100 yearsThe Oxford ClubBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fortis Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.