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Fortis Inc (FTS)
NYSE:FTS
Fortis (FTS) Stock Price & Analysis
538 Followers
FTS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$35.52 - $44.40
Previous Close$39.1
Volume974.57K
Average Volume (3M)872.92K
Market Cap
$19.26B
Enterprise Value$41.86B
Total Cash (Recent Filing)C$625.00M
Total Debt (Recent Filing)C$29.99B
Price to Earnings (P/E)17.0
Beta0.49
Next Earnings
May 01, 2024EPS Estimate
$0.65Next Dividend Ex-Date
May 16, 2024Dividend Yield4.38%
Share Statistics
EPS (TTM)2.29
Shares Outstanding490,600,000
10 Day Avg. Volume763,007
30 Day Avg. Volume872,919
Standard Deviation0.05
R-Squared0.24
Alpha0.00029
Financial Highlights & Ratios
Price to Book (P/B)4.24
Price to Sales (P/S)1.67
Price to Cash Flow (P/CF)8.80
P/FCF Ratio37.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$40.80Price Target Upside4.19% Upside
Rating ConsensusHold
Number of Analyst Covering8
Fortis News
PremiumCompany Announcements
Fortis Inc. Announces Upcoming Q1 Results and Meeting
PremiumCompany Announcements
Fortis Inc. Announces Upcoming Q1 Results and Shareholders MeetingPremiumCompany Announcements
Fortis Announces Strong 2023 Performance and Sustainability ProgressBulls Say, Bears Say
Bulls Say
Earnings PerformanceFTS achieved a notable increase in earnings per share, indicating robust financial health and potentially signaling a promising direction for future profits.
Project DevelopmentFTS is poised for growth with the planned development of tranche 1 projects, showcasing strategic flexibility and foresight in managing capital expenditures.
Regulatory AdvantageThe approved increase in equity for FTS places its electric and gas utilities at a competitive advantage, potentially leading to stronger financial stability and investor confidence.
Bears Say
Credit RatingS&P Global placed FTS on negative watch due to growing wildfire risk in western Canada, which could indicate potential future financial risks.
Earnings GrowthProspectively more modest 3-4% EPS growth in the long term as rate base growth is the top upside driver.
Legal And Regulatory RisksThe court challenge to the Iowa right of first refusal (ROFR) remains pending in Iowa, adding uncertainty to the segment.
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Ownership Overview
1.18% Insiders
3.97% Mutual Funds
9.40% Other Institutional Investors
85.45% Public Companies and
Individual Investors
FTS FAQ
What was Fortis Inc’s price range in the past 12 months?
Fortis Inc lowest stock price was $35.52 and its highest was $44.40 in the past 12 months.
What is Fortis Inc’s market cap?
Currently, no data Available
When is Fortis Inc’s upcoming earnings report date?
Fortis Inc’s upcoming earnings report date is May 01, 2024 which is in 6 days.
How were Fortis Inc’s earnings last quarter?
Fortis Inc released its earnings results on Feb 09, 2024. The company reported $0.522 earnings per share for the quarter, beating the consensus estimate of $0.509 by $0.012.
Is Fortis Inc overvalued?
According to Wall Street analysts Fortis Inc’s price is currently Undervalued.
Does Fortis Inc pay dividends?
Fortis Inc pays a Quarterly dividend of $0.43 which represents an annual dividend yield of 4.38%. See more information on Fortis Inc dividends here
What is Fortis Inc’s EPS estimate?
Fortis Inc’s EPS estimate is $0.65.
How many shares outstanding does Fortis Inc have?
Fortis Inc has 493,004,760 shares outstanding.
What happened to Fortis Inc’s price movement after its last earnings report?
Fortis Inc reported an EPS of $0.522 in its last earnings report, beating expectations of $0.509. Following the earnings report the stock price went up 0.312%.
Which hedge fund is a major shareholder of Fortis Inc?
Currently, no hedge funds are holding shares in FTS
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Fortis Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$40.80 (4.19% Upside)
$40.80 (4.19% Upside)
Blogger Sentiment
Bullish
FTS Sentiment 90%
Sector Average 73%
Sector Average 73%
Insider Transactions
Bought Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 7.2%
Last 30 Days ▼ 7.2%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-7.77%
12-Months-Change
Fundamentals
Return on Equity
7.32%
Trailing 12-Months
Asset Growth
5.16%
Trailing 12-Months
Company Description
Fortis Inc
Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated. The Regulated Utilities segment comprises of ITC which contains mainly of the electric transmission operations of the ITC regulated operating subsidiaries; UNS Energy that offers vertically integrated utility services; Central Hudson which provides regulated electric and gas T&D utility services; FortisBC Energy that distributes natural gas in British Columbia; FortisAlberta which involves in the ownership and operation of regulated electricity distribution facilities; FortisBC Electric includes the ownership of hydroelectric generating plants, high voltage transmission lines, and a large network of distribution assets; and Other Electric that contains utilities in the eastern Canada and Caribbean. The Non-Regulated segment consists of energy Infrastructure which is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and a gas storage facility in British Columbia; and Corporate & Other that includes expenses and revenue items not specifically related to business operations. The company was founded in 1885 and is headquartered in St. John's, Canada.
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FTS Company Deck
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FTS Earnings Call
Q4 2024
0:00 / 0:00
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FTS Stock 12 Months Forecast
Average Price Target
$40.80
▲(4.19% Upside)
Technical Analysis
Best Analysts Covering FTS
1 Year
1 Year Success Rate
9/10 ratings generated profit
1 Year Average Return
+10.21%
reiterated a buy rating 9 months ago
Copying David Quezada's trades and holding each position for 1 Year would result in 90.00% of your transactions generating a profit, with an average return of +10.21% per trade.
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