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Fortis ( (TSE:FTS) ) just unveiled an update.
Fortis Inc. announced the results of its Series H and Series I preference share conversions. A total of 11,298 Series H Shares were converted into Series I Shares, and 248,830 Series I Shares were converted into Series H Shares. Following these conversions, Fortis has 7,902,614 Series H Shares and 2,097,386 Series I Shares outstanding. The Series H Shares will offer a fixed dividend rate of 4.183 percent, while the Series I Shares will provide a floating dividend rate initially set at 4.103 percent, adjusted quarterly. These changes reflect Fortis’s ongoing financial strategies and may impact investor decisions regarding dividend returns.
The most recent analyst rating on (TSE:FTS) stock is a Hold with a C$59.00 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 Inc. shows strong financial health with robust revenue growth and profitability, supported by effective operational efficiency. The technical analysis indicates a neutral to slightly positive trend, while valuation metrics are reasonable with an attractive dividend yield. The earnings call was positive, highlighting strong investment and growth plans, despite some challenges. A recent corporate event further strengthens financial stability, contributing positively to the overall score.
To see Spark’s full report on TSE:FTS stock, click here.
More about Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $75 billion as of March 31, 2025. The corporation’s 9,800 employees serve utility customers in five Canadian provinces, ten U.S. states, and three Caribbean countries. Fortis shares are listed on the TSX and NYSE under the symbol FTS.
YTD Price Performance: 14.42%
Average Trading Volume: 1,871,685
Technical Sentiment Signal: Buy
Current Market Cap: C$33.63B
Find detailed analytics on FTS stock on TipRanks’ Stock Analysis page.