Fortis (NYSE:FTS) Lowered to Sell Rating by Wall Street Zen

Fortis (NYSE:FTS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

FTS has been the topic of a number of other research reports. Scotiabank reaffirmed a “sector perform” rating on shares of Fortis in a research report on Friday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Fortis in a research note on Tuesday, October 21st. BMO Capital Markets restated a “market perform” rating on shares of Fortis in a report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Fortis in a research report on Friday. Finally, National Bank Financial reissued a “sector perform” rating on shares of Fortis in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Fortis Trading Up 1.3%

Shares of Fortis stock opened at $56.82 on Friday. The stock has a 50 day moving average of $52.41 and a 200 day moving average of $51.20. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.54 and a current ratio of 0.66. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 4.39 and a beta of 0.50. Fortis has a fifty-two week low of $42.95 and a fifty-two week high of $57.01.

Fortis (NYSE:FTS) last posted its earnings results on Thursday, February 12th. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.54 billion. Fortis had a return on equity of 7.23% and a net margin of 14.24%.During the same quarter in the previous year, the business earned $0.83 earnings per share. As a group, research analysts predict that Fortis will post 2.35 earnings per share for the current year.

Institutional Trading of Fortis

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new position in Fortis in the first quarter valued at $311,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Fortis by 19.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 565,150 shares of the utilities provider’s stock valued at $25,760,000 after purchasing an additional 90,776 shares in the last quarter. US Bancorp DE raised its position in Fortis by 2.0% in the 2nd quarter. US Bancorp DE now owns 18,070 shares of the utilities provider’s stock valued at $862,000 after purchasing an additional 359 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Fortis by 47.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,250 shares of the utilities provider’s stock valued at $489,000 after buying an additional 3,293 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Fortis during the second quarter worth about $632,000. Hedge funds and other institutional investors own 57.77% of the company’s stock.

Key Stories Impacting Fortis

Here are the key news stories impacting Fortis this week:

• Positive Sentiment: Q4 earnings call highlighted “strong growth and strategic investments,” management commentary emphasized ongoing regulated growth drivers and execution of utility projects — supportive for long-term regulated cash flow expectations. Fortis Inc (FTS) Q4 2025 Earnings Call Highlights: Strong Growth and Strategic Investments …
• Positive Sentiment: Company unveiled a record $28.8 billion capital plan for its utility portfolio and reported higher 2025 net earnings — the large multi-year capex plan signals growth in rate base and future regulated earnings. Fortis Posts Higher 2025 Earnings and Unveils Record $28.8 Billion Capital Plan
• Positive Sentiment: Board declared the quarterly common dividend (annualized yield ~4.6%) and set record/ex-dividend dates — supports income investors and underscores management’s commitment to shareholder distributions. Fortis Inc. Announces Second Quarter Dividends – 2026
• Neutral Sentiment: Fortis filed audited 2025 year-end financial and regulatory disclosure documents (designated news releases) and published the earnings press release and slide deck — important for transparency but routine for a regulated utility. Fortis Inc. Files 2025 Year-End Disclosure Documents
• Negative Sentiment: While EPS of $0.65 beat consensus (~$0.62), revenue missed materially ($2.13B actual vs. $2.54B expected) and quarterly EPS declined year‑over‑year — a near-term warning on topline/utility recoveries that could pressure short-term sentiment. Fortis Q4 earnings and conference call

About Fortis

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.