FY2025 Earnings Estimate for Fortis Issued By Raymond James

Fortis Inc. (NYSE:FTS) – Raymond James decreased their FY2025 earnings estimates for shares of Fortis in a research note issued to investors on Tuesday, November 5th. Raymond James analyst D. Quezada now forecasts that the utilities provider will post earnings of $2.39 per share for the year, down from their prior forecast of $2.40. Raymond James currently has a “Market Perform” rating on the stock. The consensus estimate for Fortis’ current full-year earnings is $2.32 per share. Raymond James also issued estimates for Fortis’ Q4 2025 earnings at $0.65 EPS.

Other equities analysts also recently issued reports about the stock. StockNews.com upgraded shares of Fortis from a “sell” rating to a “hold” rating in a report on Sunday, August 4th. Bank of America began coverage on shares of Fortis in a report on Friday, September 20th. They set an “underperform” rating on the stock. Finally, UBS Group raised shares of Fortis to a “strong sell” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Fortis Stock Performance

Shares of NYSE:FTS opened at $44.18 on Friday. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 3.98 and a beta of 0.47. Fortis has a 12 month low of $36.86 and a 12 month high of $46.06. The firm’s 50-day moving average is $44.45 and its 200 day moving average is $41.97. The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26.

Fortis (NYSE:FTS) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.26. The firm 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 return on equity of 7.03%. During the same period in the previous year, the firm posted $0.63 EPS.

Institutional Investors Weigh In On Fortis

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in Fortis by 123.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 666 shares of the utilities provider’s stock valued at $26,000 after buying an additional 368 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Fortis in the 2nd quarter worth approximately $32,000. Bessemer Group Inc. lifted its position in shares of Fortis by 53.6% in the 1st quarter. Bessemer Group Inc. now owns 992 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 346 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Fortis in the 1st quarter worth approximately $69,000. Finally, Cromwell Holdings LLC lifted its position in shares of Fortis by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 1,837 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 630 shares during the period. 57.77% of the stock is owned by hedge funds and other institutional investors.

Fortis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Monday, November 18th will be given a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 5.57%. This is a boost from Fortis’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, November 18th. Fortis’s payout ratio is 76.05%.

About Fortis

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.