NYSE:FTS Fortis (FTS) Stock Price, News & Analysis → Biden to Launch “FedNOW” [Move Your Money Now] (From Priority Gold) (Ad) Free FTS Stock Alerts $37.65 +0.51 (+1.37%) (As of 04/17/2024 ET) Add Compare Share Share Today's Range$37.06▼$37.7150-Day Range$37.14▼$40.2752-Week Range$36.30▼$46.28Volume1.21 million shsAverage Volume849,284 shsMarket Capitalization$18.56 billionP/E Ratio16.37Dividend Yield4.65%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/Downside46.4% Upside$55.13 Price TargetShort InterestBearish1.79% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.20Upright™ Environmental ScoreNews Sentiment0.67Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth0.42%From $2.39 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.4.05 out of 5 starsUtilities Sector36th out of 96 stocksElectric Services Industry16th out of 39 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.Amount of Analyst CoverageFortis has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted1.79% 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 10.2, which indicates bearish sentiment.Change versus previous monthShort interest in Fortis has recently increased by 11.10%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipFortis is a leading dividend payer. It pays a dividend yield of 4.67%, 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 2.6 News and Social Media Coverage News SentimentFortis has a news sentiment score of 0.67. 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 0.40 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Fortis this week, compared to 5 articles on an average week.Search InterestOnly 21 people have searched for FTS on MarketBeat in the last 30 days. This is a decrease of -34% 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. 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 0.42% in the coming year, from $2.39 to $2.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortis is 16.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Fortis is 16.37, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 78.59.Price to Earnings Growth RatioFortis has a PEG Ratio of 2.62. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortis has a P/B Ratio of 1.15. 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 Wall Street StarThis Apple-like Innovator is Revolutionizing HealthcareAI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.Click here to learn more about the booming eHealth industry 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 HeadlinesApril 15, 2024 | americanbankingnews.comFortis Inc. (NYSE:FTS) Short Interest UpdateApril 11, 2024 | americanbankingnews.comFortis (NYSE:FTS) Downgraded to Sell at StockNews.comApril 17, 2024 | DTI (Ad)Don’t expose yourself to stocks during the weekThe S&P 500 just crossed below the 200 day moving average… The Nasdaq is bleeding out… Are we headed for a recession?! If you’ve been in the stock market the last few months, it hasn’t been fun… But what if I told you there was a way to target “BONUS” income just by doing a unique type of trade over the weekend? When the markets are closed. And volatility is minimal.April 10, 2024 | finance.yahoo.comFortis Capital Advisors Announces Acquisition of ClearPath Financial, LLCApril 10, 2024 | msn.comShould You Contribute to Your RRSP or TFSA First?April 10, 2024 | msn.comBehind Fortis Healthcare's ambitious new journey to solidify its position in India's healthcare industryApril 8, 2024 | msn.comLow Risk Investors: Here’s Why You Should Keep Fortis Stock on Your WatchlistApril 5, 2024 | fool.caThis 4%-Yielding Dividend Stock is a Top Option for Safe IncomeApril 17, 2024 | DTI (Ad)Don’t expose yourself to stocks during the weekThe S&P 500 just crossed below the 200 day moving average… The Nasdaq is bleeding out… Are we headed for a recession?! If you’ve been in the stock market the last few months, it hasn’t been fun… But what if I told you there was a way to target “BONUS” income just by doing a unique type of trade over the weekend? When the markets are closed. And volatility is minimal.April 4, 2024 | msn.comRRSP Wealth Creation: 2 TSX Dividend Stocks to Buy for Total ReturnsApril 4, 2024 | finance.yahoo.comFortis (TSE:FTS) investors are sitting on a loss of 6.3% if they invested a year agoApril 3, 2024 | globenewswire.comFortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2April 2, 2024 | msn.comA Top Defensive Dividend Stock to Ride the Next Market CorrectionMarch 30, 2024 | msn.comFortis Hospital Mulund Launches the First Movement Disorder & DBS Clinic in Central MumbaiMarch 29, 2024 | msn.com3 CRA Benefits Most Canadians Can Grab in 2024March 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 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 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 TodaySee 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 Payable3/01/2024Today4/17/2024Next Earnings (Confirmed)5/01/2024Ex-Dividend for 6/1 Dividend5/16/2024Dividend Payable6/01/2024Fiscal 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+48.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.30 Trailing P/E Ratio16.15 Forward P/E Ratio15.54 P/E Growth2.62Net 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 / Sales2.15 Cash Flow$4.89 per share Price / Cash Flow7.59 Book Value$32.78 per share Price / Book1.13Miscellaneous Outstanding Shares493,010,000Free FloatN/AMarket Cap$18.31 billion OptionableOptionable Beta0.42 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. 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 CompetitorsPPLNYSE:PPLCenterPoint EnergyNYSE:CNPCentrais Elétricas Brasileiras S.A. - EletrobrásNYSE:EBREversource EnergyNYSE:ESNRG EnergyNYSE:NRGView All CompetitorsInstitutional OwnershipAddenda Capital Inc.Bought 42,636 shares on 4/16/2024Ownership: 0.045%Hennessy Advisors Inc.Sold 7,900 shares on 4/16/2024Ownership: 0.024%DGS Capital Management LLCBought 831 shares on 4/15/2024Ownership: 0.002%Miller Howard Investments Inc. NYSold 64,511 shares on 4/12/2024Ownership: 0.004%Pacifica Partners Inc.Sold 355 shares on 4/12/2024Ownership: 0.002%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 a consistent track record of earnings growth, providing investors with a reliable income stream. Recent insider buying activity by institutional investors like Baillie Gifford & Co. indicates confidence in the company's future prospects, which can be a positive signal for potential investors. Fortis Inc. has a diversified business model operating in multiple regions, reducing the risk associated with geographic concentration. The company's stock price has shown resilience and stability, with a market capitalization of $18.71 billion, indicating a strong position in the market. Fortis Inc.'s focus on renewable energy sources such as solar and wind capacity aligns with the growing global trend towards sustainable energy solutions, potentially attracting environmentally conscious investors. Cons Investors should be bearish about investing in Fortis Inc. for these reasons: Fortis Inc. operates in a highly regulated industry, subject to government policies and regulations that could impact the company's operations and profitability. The company's debt-to-equity ratio of 1.27 indicates a relatively high level of leverage, which may pose risks during economic downturns or rising interest rates. Fortis Inc.'s P/E ratio of 16.50 and P/E/G ratio of 2.74 suggest that the stock may be currently overvalued compared to its growth prospects, potentially limiting upside potential for investors. Despite the stable performance, Fortis Inc. faces competition from other utility companies and potential disruptions in the energy sector, which could impact its market position and profitability. The company's beta of 0.42 indicates lower volatility compared to the market, which may result in slower price movements and potentially lower returns for investors seeking higher-risk investments. 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 Thursday, April 11, 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Fortis in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 12 month price objectives for Fortis' stock. Their FTS share price targets range from $37.00 to $62.00. On average, they predict the company's share price to reach $55.13 in the next twelve months. This suggests a possible upside of 46.4% 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 at the beginning of the year. Since then, FTS shares have decreased by 8.5% and is now trading at $37.6450. View the best growth stocks for 2024 here. Are investors shorting Fortis? Fortis saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 8,810,000 shares, an increase of 11.1% from the March 15th total of 7,930,000 shares. Based on an average daily trading volume, of 863,700 shares, the short-interest ratio is currently 10.2 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 can I listen to Fortis' earnings call? Fortis will be holding an earnings conference call on Wednesday, May 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 289-819-1325 with passcode "46112#". How were Fortis' earnings last quarter? Fortis Inc. (NYSE:FTS) announced its quarterly earnings data on Friday, February, 9th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. The utilities provider had revenue of $2.12 billion for the quarter, compared to the consensus estimate 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 business earned $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. Stockholders of record on Friday, May 17th will be paid 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 4.66%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change 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 4.67%. 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 ETFs hold Fortis' stock? ETFs with the largest weight of Fortis (NYSE:FTS) stock in their portfolio include Invesco International Dividend Achievers ETF (PID), DJ Brookfield Global Infrastructure ETF (TOLZ), iShares Global Utilities ETF (JXI), JPMorgan BetaBuilders Canada ETF (BBCA) and Vanguard International Dividend Appreciation ETF (VIGI).Cizzle Biotechnology (CIZ). 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 variety of institutional and retail investors. Top institutional investors include Addenda Capital Inc. (0.05%), Hennessy Advisors Inc. (0.02%), Nexus Investment Management ULC (0.02%), Miller Howard Investments Inc. NY (0.00%), Cardinal Capital Management Inc. (0.00%) and Pacifica Partners Inc. (0.00%). 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 4/17/2024 by MarketBeat.com Staff From Our Partners[Urgent!] Generational Wealth GameplanCrypto 101 MediaDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe “Perfect Storm” for GoldGold Safe ExchangeThe "Smart Money" Is Ready for May 1st Are You?Stansberry ResearchTop 5 AI Stocks to Buy for 2024Market Moving TrendsTop 5 Tech Stocks to Buy for 2024Daily Market AlertsOptions trading has suddenly become more reliable.Eagle PublishingYou won't believe what Citigroup just did to it's depositorsAmerican Alternative 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.