Fortis Inc. (TSX: FTS)
Canada
· Delayed Price · Currency is CAD | Market Cap | 26.32B |
| Revenue (ttm) | 11.52B |
| Net Income (ttm) | 1.57B |
| Shares Out | 493.00M |
| EPS (ttm) | 3.10 |
| PE Ratio | 17.22 |
| Forward PE | 16.16 |
| Dividend | 2.34 (4.37%) |
| Ex-Dividend Date | May 16, 2024 |
| Volume | 1,310,777 |
| Open | 53.65 |
| Previous Close | 53.72 |
| Day's Range | 53.29 - 53.90 |
| 52-Week Range | 49.82 - 62.00 |
| Beta | 0.18 |
| Analysts | n/a |
| Price Target | 57.03 (+6.84%) |
| Earnings Date | May 1, 2024 |
About Fortis
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectr... [Read more]
Financial Performance
In 2023, Fortis's revenue was 11.52 billion, an increase of 4.29% compared to the previous year's 11.04 billion. Earnings were 1.57 billion, an increase of 12.84%.
Financial StatementsNews
Advisory: Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2
ST. JOHN'S, Newfoundland and Labrador, April 24, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2024 financial results on Wednesday...
UAE fintech firm Fortis raises $20mln in Series A funding to fuel expansion
The investment round was led by Opportunity Venture (Asia), a limited partnership fund based in Hong Kong
Fortis Inc. to Hold Teleconference on May 1 to Discuss First Quarter 2024 Results and Hold Annual and Special Meeting on May 2
ST. JOHN'S, Newfoundland and Labrador, April 03, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2024 financial results on Wednesday...
Fortis: The Sub-Par Performance Continues Due To Valuation
Fortis stock underperforms, but clear pathway for growth in U.S. transmission sector. Read an analysis of FTS stock and why we rate it a hold.
Fortis Inc. Releases 2024 Climate Report
ST. JOHN'S, Newfoundland and Labrador, March 11, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today released its 2024 Climate Report. This report builds on our ...
Fortis bosses fight to void $7.25m Portsea purchase
The unwinding of the post-pandemic boom market for holiday properties has triggered a stand-off between luxury Sydney developers and the vendor of a prime Victorian site.
Empowering Shareholders with Growth: Fortis Enhances Performance and Reports Rising Profits
By the close of today, March 01, 2024, Fortis (NYSE: FTS) will issue a dividend payout of $0.59 per share, resulting in an annualized dividend yield of 4.45%. Only those investors who owned the stock...
Fortis Inc. Files 2023 Year-End Disclosure Documents
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21,...
Fortis Non-GAAP EPS of C$0.72
Fortis Inc. Reports Fourth Quarter & Annual 2023 Results
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21,...
Earnings Scheduled For February 9, 2024
Companies Reporting Before The Bell • TELUS (NYSE: TU) is expected to report quarterly earnings at $0.23 per share on revenue of $5.24 billion. • Canopy Gwth (NASDAQ: CGC) is likely to report quarte...
Fortis Inc. Announces Second Quarter Dividends – 2024
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21,...
Advisory: Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results
ST. JOHN'S, Newfoundland and Labrador, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2023 financial results on Friday, February 9, 2024...
Fortis Inc. to Hold Teleconference and Webcast on February 9 to Discuss 2023 Annual Results
ST. JOHN'S, Newfoundland and Labrador, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2023 financial results on Friday, February 9, 2024...
Fortis: Preferred Shares Deliver Yield And Outperform Common
On our last update, we gave buy rating to preferred shares for Fortis and stuck with hold for common. Read why the preferreds have a hold rating now here.
72-yr-old from Kolkata state's 1st Covid casualty in 4 months
Bengal records its first Covid death in four months, a 72-year-old Kolkata resident with multiple comorbidities admitted at CMRI in a serious condition with severe cardiac issues and septic shock. The...
Fortis declares CAD 0.59 dividend
Fortis (FTS) declares CAD 0.59/share quarterly dividend, in line with previous. Forward yield 4.24% Payable March 1; for shareholders of record Feb. 16; ex-div
Fortis Inc. Announces First Quarter Dividends – 2024
This news release constitutes a "designated news release" for the purposes of the Corporation's prospectus supplement dated September 19, 2023 to its short form base shelf prospectus dated November 21...
Fortis Inc. Announces Closing of Offering of Senior Unsecured Notes
Not for distribution to U.S. news wire services or dissemination in the United States. This news release constitutes a "designated news release" for the purposes of the Corporation's prospectus supple...
Fortis Inc. Announces Pricing of Senior Unsecured Notes
Not for distribution to U.S. news wire services or dissemination in the United States. This news release constitutes a "designated news release" for the purposes of the Corporation's prospectus supple...
Fortis: An Update On One Of The Larger Canadian Utilities, Maintain 'Hold'
Fortis' valuation is currently high, trading at an 18.9x P/E ratio, which is considered expensive for a utility. Find out why FTS stock is a Hold.
Fortis Inc. Completes Sale of Aitken Creek Natural Gas Storage Facilities in British Columbia
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21,...
Fortis (FTS) Q3 Earnings and Revenues Beat Estimates
Fortis (FTS) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.54 per share a year ago.
Fortis Non-GAAP EPS of C$0.84
Fortis Inc. surpasses expectations with a Q3 Non-GAAP EPS of $0.84, beating estimates by $0.24, according to their recent press release.
Fortis Inc. Releases Third Quarter 2023 Results
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis' short form base shelf prospectus dated November 21...