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Fortis ( (TSE:FTS) ) has provided an update.
Fortis Inc. reported its third quarter 2025 results, highlighting a net earnings of $409 million, a decrease from the previous year due to costs associated with asset dispositions. The company announced a new five-year capital plan of $28.8 billion, aimed at supporting a 7% rate base growth, and increased its fourth quarter dividend by 4.1%. The sale of its utility in Turks and Caicos and assets in Belize in September and October 2025 respectively, will strengthen its balance sheet and provide funding flexibility.
The most recent analyst rating on (TSE:FTS) stock is a Sell with a C$69.00 price target. To see the full list of analyst forecasts on Fortis stock, see the TSE:FTS Stock Forecast page.
Spark’s Take on TSE:FTS Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTS is a Outperform.
Fortis’ strong financial performance and positive earnings call outlook are the most significant factors driving the score. The company’s strategic focus on sustainability and capital investments supports long-term growth. However, high leverage and cash flow challenges pose risks. Technical indicators suggest the stock is overbought, which could lead to short-term volatility.
To see Spark’s full report on TSE:FTS stock, click here.
More about Fortis
Fortis Inc. is a diversified leader in the North American regulated electric and gas utility industry.
Average Trading Volume: 1,332,193
Technical Sentiment Signal: Buy
Current Market Cap: C$35.25B
For detailed information about FTS stock, go to TipRanks’ Stock Analysis page.