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Fortis ( (TSE:FTS) ) has provided an update.
On February 11, 2026, Fortis Inc., a diversified North American regulated electric and gas utility, reported that it generated 2024 revenue of $12 billion and held $75 billion in total assets as of September 30, 2025. The St. John’s-based company serves customers in five Canadian provinces, ten U.S. states and the Caribbean, and its shares trade on the TSX and NYSE under the symbol FTS.
On the same date, Fortis announced that its board declared second-quarter 2026 dividends on multiple series of First Preference Shares and a dividend of $0.64 per common share, payable on June 1, 2026 to shareholders of record on May 15, 2026. The dividends, designated as eligible for federal and provincial tax credit purposes, underscore the utility’s continued emphasis on returning capital to shareholders, reinforcing its profile as a stable, income-oriented investment in the regulated utilities space.
The most recent analyst rating on (TSE:FTS) stock is a Sell with a C$67.00 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 Neutral.
Fortis’ overall score is driven by solid financial performance and a positive earnings call outlook, tempered by technical analysis indicating bearish momentum. The valuation is reasonable, but not enough to significantly boost the score. The company’s strategic investments and dividend growth are positive, but cash flow challenges and regulatory issues present risks.
To see Spark’s full report on TSE:FTS stock, click here.
More about Fortis
Fortis Inc. is a diversified North American regulated electric and gas utility with 2024 revenue of $12 billion and total assets of $75 billion as of September 30, 2025. The corporation employs about 9,600 people and provides utility services across five Canadian provinces, ten U.S. states and the Caribbean, with its shares listed on the TSX and NYSE under the symbol FTS.
The company’s broad geographic footprint and regulated focus underpin a stable earnings and cash flow profile, which supports ongoing capital investment and consistent shareholder returns. Its dual listing in Canada and the U.S. positions Fortis to attract a wide base of income-oriented investors in the North American utilities sector.
Average Trading Volume: 1,838,714
Technical Sentiment Signal: Buy
Current Market Cap: C$37.38B
For a thorough assessment of FTS stock, go to TipRanks’ Stock Analysis page.