Fortis/FTS

$37.82

0.48%
-
1D1W1MYTD1YMAX

About Fortis

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. The Company's regulated utility businesses includes ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which primarily includes Tucson Electric Power Company (TEP), UNS Electric, Inc. and UNS Gas, Inc.; CH Energy Group, Inc, which primarily includes Central Hudson Gas and Electric Corporation; FortisBC Energy Inc.; FortisAlberta Inc. and FortisBC Inc. The Company’s non-regulated businesses include energy infrastructure and corporate and other.

Ticker

FTS

Sector

Utilities

Trading on

NYSE

Industry

Electric Utilities

CEO

David Hutchens

Employees

9,598

Headquarters

St. johns, Canada

Fortis Metrics

BasicAdvanced
$25.53B
Market cap
16.71
P/E ratio
$3.10
EPS
0.18
Beta
$2.29
Dividend rate
4.56%
Dividend yield
$25.53B
0.18308
$62.00
$49.82
1.61M
$2.29
0.675
0.58
128.221
139.451
74.83%
2.53%
2.63%
7.67%
3%
16.709
2.217
1.276
3.268
3.73%
4.42%
4.56%
4.29%
11.49%
8.83%
6.02%
5.65%

What the Analysts think about Fortis

Analyst Ratings

Majority rating from 15 analysts.
Hold

Price Targets

Average projection from 12 analysts.
11.13% upside
High $45.04
Low $36.32
$37.82
Current price
$42.03
Average price target

Fortis Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
13.79% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
CA$2.89B
6.11%
Net income
CA$398M
-3.16%
Profit margin
13.79%
-8.74%

Fortis Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 2.25%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
CA$0.91
CA$0.62
CA$0.84
CA$0.72
-
Expected
CA$0.82
CA$0.61
CA$0.82
CA$0.70
CA$0.89
Surprise
11.34%
0.88%
3.07%
2.25%
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Fortis stock?

Fortis (FTS) has a market cap of $25.53B as of April 18, 2024.

What is the P/E ratio for Fortis stock?

The price to earnings (P/E) ratio for Fortis (FTS) stock is 16.71 as of April 18, 2024.

Does Fortis stock pay dividends?

Yes, the Fortis (FTS) stock pays dividends to shareholders. As of April 18, 2024, the dividend rate is $2.285 and the yield is 4.56%. Fortis has a payout ratio of 74.83% on a trailing twelve-month basis.

When is the next Fortis dividend payment date?

The next Fortis (FTS) dividend payment is scheduled for June 01, 2024.

What is the beta indicator for Fortis?

Fortis (FTS) has a beta rating of 0.18. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Fortis stock price target?

The target price for Fortis (FTS) stock is $42.03, which is 11.54% above the current price of $37.68. This is an average based on projections from 12 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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