Fortis Inc. (FTS)
Market Cap | 19.74B |
Revenue (ttm) | 8.06B |
Net Income (ttm) | 970.80M |
Shares Out | 482.20M |
EPS (ttm) | 2.03 |
PE Ratio | 20.17 |
Forward PE | 18.94 |
Dividend | $1.59 (3.92%) |
Ex-Dividend Date | Feb 14, 2023 |
Volume | 601,500 |
Open | 39.72 |
Previous Close | 39.72 |
Day's Range | 39.64 - 40.93 |
52-Week Range | 34.76 - 51.66 |
Beta | 0.17 |
Analysts | Hold |
Price Target | 43.74 (+6.87%) |
Earnings Date | May 3, 2023 |
About FTS
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 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 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 2022, Fortis's revenue was 11.04 billion, an increase of 16.88% compared to the previous year's 9.45 billion. Earnings were 1.33 billion, an increase of 8.04%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for FTS stock is "Hold." The 12-month stock price forecast is $43.74, which is an increase of 6.87% from the latest price.
News

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Fortis (FTS) Meets Q4 Earnings Estimates
Fortis (FTS) delivered earnings and revenue surprises of 0% and 13.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Fortis Inc. Files 2022 Year-End Disclosure Documents
ST. JOHN'S, Newfoundland and Labrador, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today filed its audited Consolidated Financial Statements and relat...

Fortis Inc. Reports Fourth Quarter & Annual 2022 Results
ST. JOHN'S, Newfoundland and Labrador, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric...

Fortis Inc. Announces Second Quarter Dividends - 2023
ST. JOHN'S, Newfoundland and Labrador, Feb. 09, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends:

Fortis (FTS) Reports Next Week: Wall Street Expects Earnings Growth
Fortis (FTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Advisory: Fortis Inc. to Hold Teleconference on February 10 to Discuss 2022 Annual Results
ST. JOHN'S, Newfoundland and Labrador, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2022 financial results on Friday, February 10, 202...

Fortis Inc. to Hold Teleconference on February 10 to Discuss 2022 Annual Results
ST. JOHN'S, Newfoundland and Labrador, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2022 financial results on Friday, February 10, 202...

UniSource Seeks Updated Electric Rates in 2024 to Support Reliable Service
TUCSON, Ariz.--(BUSINESS WIRE)--UniSource Energy Services is seeking updated electric rates that would take effect in early 2024, its first such request in seven years.

Fortis Inc. Announces First Quarter Dividends - 2023
ST. JOHN'S, Newfoundland and Labrador, Nov. 17, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends:

Fortis (FTS) Surpasses Q3 Earnings and Revenue Estimates
Fortis (FTS) delivered earnings and revenue surprises of 8% and 15.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Fortis Inc. Releases Third Quarter 2022 Results and New Five-Year Capital Outlook
ST. JOHN'S, Newfoundland and Labrador, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric...

Advisory: Fortis Inc. to Hold Teleconference on October 28 to Discuss Third Quarter 2022 Results and Five-Year Capital Outlook
ST. JOHN'S, Newfoundland and Labrador, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2022 financial results and new five-...

Analysts Estimate Fortis (FTS) to Report a Decline in Earnings: What to Look Out for
Fortis (FTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fortis Inc. Announces Quarterly Dividend Increase Marking 49 Consecutive Years of Increases
ST. JOHN'S, Newfoundland and Labrador, Sept. 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) declared a common share dividend of $0.5...

Fortis Inc. to Hold Teleconference on October 28 to Discuss Third Quarter 2022 Results and Five-Year Capital Outlook
ST. JOHN'S, Newfoundland and Labrador, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2022 financial results and new five...

Fortis (FTS) Lags Q2 Earnings Estimates
Fortis (FTS) delivered earnings and revenue surprises of -8.33% and 12.36%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Jo Mark Zurel to Succeed Douglas J. Haughey as Chair of the Board of Fortis Inc. Effective January 1, 2023
ST. JOHN'S, Newfoundland and Labrador, July 28, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today announced that Douglas J. Haughey w...

Fortis Inc. Releases Second Quarter 2022 Results and 2022 Sustainability Report
ST. JOHN'S, Newfoundland and Labrador, July 28, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric...

Fortis Inc. Announces Third Quarter Dividends - 2022
ST. JOHN'S, Newfoundland and Labrador, July 27, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the ...

Advisory: Fortis Inc. to Hold Teleconference on July 28 to Discuss Second Quarter 2022 Results
ST. JOHN'S, Newfoundland and Labrador, July 21, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2022 financial results on Thursday,...

Fortis Inc. to Hold Teleconference on July 28 to Discuss Second Quarter 2022 Results
ST. JOHN'S, Newfoundland and Labrador, June 30, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2022 financial results on Thursday,...

TEP Seeks New 2023 Rates to Support Reliable Service, Cleaner Energy
TUCSON, Ariz.--(BUSINESS WIRE)--Tucson Electric Power (TEP) is seeking updated rates in late 2023 to support safe, reliable service and its transition to cleaner energy.

Fortis Inc. Announces Redemption Price of Its 2.85% Senior Unsecured Notes Due December 12, 2023
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