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Fortis Inc (TSE:FTS)
TSX:FTS
Holding TSE:FTS?
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FTS Stock Chart & Stats
Day’s Range― - ―
52-Week RangeC$51.02 - C$63.75
Previous CloseN/A
Volume207.63K
Average Volume (3M)1.35M
Market Cap
$30.24B
Enterprise ValueC$65.14B
Total Cash (Recent Filing)$269.00M
Total Debt (Recent Filing)$21.34B
Price to Earnings (P/E)18.8
Beta0.46
Next Earnings
Feb 14, 2025EPS Estimate
0.81Next Dividend Ex-Date
Feb 18, 2025Dividend Yield4.11%
Share Statistics
EPS (TTM)3.23
Shares Outstanding497,300,000
10 Day Avg. Volume1,455,774
30 Day Avg. Volume1,345,151
Standard Deviation0.04
R-Squared0.10
Alpha0.00368
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.65
Price to Cash Flow (P/CF)5.70
P/FCF Ratio199.80
Enterprise Value/Market Cap2.15
Enterprise Value/Revenue5.69
Enterprise Value/Gross Profit5.66
Enterprise Value/Ebitda12.81
Forecast
1Y Price Target
C$65.85Price Target Upside7.99% Upside
Rating ConsensusHold
Number of Analyst Covering8
Fortis News
PremiumCompany Announcements
Fortis Inc. to Announce 2024 Financial Results in February
PremiumCompany Announcements
Fortis Inc. Announces Board of Directors Changes
PremiumCompany Announcements
Fortis Inc. Announces $500 Million Share Distribution Plan
PremiumCompany Announcements
Fortis Renews Equity Program for Financial Flexibility
PremiumCompany Announcements
Fortis Announces 2025 First Quarter Dividend Details
Bulls Say, Bears Say
Bulls Say
Capital ExpenditureFortis's increase in its five-year capital expenditures plan to C$26 billion boosts the growth projection for its rate base to 6.5%.
Financial PerformanceSolid Q3 results for FTS indicate progress towards the projected earnings per share of C$3.20.
Investment OpportunitiesITC's US$200 million transmission interconnection opportunity related to the Big Cedar Industrial Center enhances future growth potential.
Bears Say
Earnings GrowthThe expected rate base growth is projected to result in below-average earnings per share growth due to financing dilution.
Regulatory ImpactThe FERC order to revise the base return on equity of ITC's MISO utilities has led to the recognition of a significant regulatory liability, impacting financial stability.
ValuationShares trade at a roughly 5% price-to-earnings multiple premium compared to U.S. electric peers.
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Options Prices
Currently, No data available
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Ownership Overview
0.11% Insiders
3.59% Mutual Funds
― Other Institutional Investors
86.75% 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 C$51.02 and its highest was C$63.75 in the past 12 months.
What is Fortis Inc’s market cap?
Fortis Inc’s market cap is $30.24B.
When is Fortis Inc’s upcoming earnings report date?
Fortis Inc’s upcoming earnings report date is Feb 14, 2025 which is in 14 days.
How were Fortis Inc’s earnings last quarter?
Fortis Inc released its earnings results on Nov 05, 2024. The company reported C$0.85 earnings per share for the quarter, beating the consensus estimate of C$0.823 by C$0.027.
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 C$0.615 which represents an annual dividend yield of 4.11%. See more information on Fortis Inc dividends here
What is Fortis Inc’s EPS estimate?
Fortis Inc’s EPS estimate is 0.81.
How many shares outstanding does Fortis Inc have?
Fortis Inc has 497,300,000 shares outstanding.
What happened to Fortis Inc’s price movement after its last earnings report?
Fortis Inc reported an EPS of C$0.85 in its last earnings report, beating expectations of C$0.823. Following the earnings report the stock price went up 3.007%.
Which hedge fund is a major shareholder of Fortis Inc?
Currently, no hedge funds are holding shares in TSE:FTS
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Fortis Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
C$65.85 (7.99% Upside)
C$65.85 (7.99% Upside)
Blogger Sentiment
Bullish
TSE:FTS Sentiment 71%
Sector Average 74%
Sector Average 74%
Insider Transactions
Sold Shares
Worth $1.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.17%
12-Months-Change
Fundamentals
Return on Equity
7.39%
Trailing 12-Months
Asset Growth
5.15%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with strong financial performance and an increased capital expenditure plan. Key highlights included a dividend increase and significant growth opportunities in Arizona and MISO projects. However, there were challenges such as increased finance costs and regulatory issues impacting MISO ROE.Read More>---
FTS Stock 12 Month Forecast
Average Price Target
C$65.85
▲(7.99% Upside)
Technical Analysis
Enbridge
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Brookfield Renewable Partners
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Canadian Utilities A
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Algonquin Power & Utilities
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Emera
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Best Analysts Covering FTS
1 Year
1 Year Success Rate
14/17 ratings generated profit
1 Year Average Return
+8.41%
reiterated a sell rating 3 months ago
Copying Ross Fowler's trades and holding each position for 1 Year would result in 82.35% of your transactions generating a profit, with an average return of +8.41% per trade.
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