Fortis/$FTS

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About Fortis

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.

Ticker

$FTS
Sector

Primary listing

NYSE

Industry

Electric Utilities

Headquarters

Saint John's, Canada

Employees

9,800

ISIN

CA3495531079

Fortis Metrics

BasicAdvanced
$24B
19.51
$2.42
0.35
$1.74
3.73%

What the Analysts think about Fortis

Analyst ratings (Buy, Hold, Sell) for Fortis stock.

Bulls say / Bears say

Fortis Inc. reported strong financial results for 2023, with annual net earnings of $1.5 billion and adjusted net earnings per share increasing to $3.09 from $2.78 in 2022. (nasdaq.com)
The company achieved 50 consecutive years of dividend increases, demonstrating a strong commitment to returning value to shareholders. (nasdaq.com)
Fortis has set a $25 billion capital plan for 2024-2028, aiming for a 6.3% average annualized rate base growth, indicating a robust growth strategy. (globenewswire.com)
Wolfe Research downgraded Fortis shares to an 'Underperform' rating with a price target of $38, citing valuation concerns despite the company's regulatory achievements. (investing.com)
Fortis carries a significant debt burden, which could be a point of concern for investors looking at the company's financial resilience. (investing.com)
Analysts have expressed concerns about Fortis's below-average EPS growth, which is concerning given its current premium valuation. (tipranks.com)
Data summarised monthly by Lightyear AI. Last updated on 8 Jul 2025.

Fortis Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Fortis Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
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 sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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