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Fortis Inc. (FTS)

Stock Price: $40.56 USD 0.34 (0.85%)
Updated Aug 10, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 18.84B
Revenue (ttm) 6.50B
Net Income (ttm) 938.24M
Shares Out 464.60M
EPS (ttm) 1.73
PE Ratio 23.45
Forward PE 20.75
Dividend $1.43
Dividend Yield 3.53%

Stock Quote

Trading Day Aug 10, 2020
Last Price $40.56
Previous Close $40.22
Change ($) 0.34
Change (%) 0.85%
Day's Open 40.48
Day's Range 40.01 - 40.59
Day's Volume 171,453
52-Week Range 28.59 - 44.72

More Stats

Market Cap 18.84B
Enterprise Value 36.95B
Earnings Date (est) n/a
Ex-Dividend Date May 14, 2020
Shares Outstanding 464.60M
Float 463.74M
EPS (basic) n/a
EPS (diluted) 1.73
FCF / Share -1.87
Dividend $1.43
Dividend Yield 3.53%
Earnings Yield 4.27%
FCF Yield n/a
Payout Ratio 95.90%
Shares Short 1.96M
Short Ratio 4.76
Short % of Float n/a
Beta 0.08
PE Ratio 23.45
Forward PE 20.75
P/FCF Ratio n/a
PS Ratio 2.90
PB Ratio 1.39
Revenue 6.50B
Operating Income 1.86B
Net Income 938.24M
Free Cash Flow -869.12M
Net Cash -18.10B
Net Cash / Share -38.97
Gross Margin 44.45%
Operating Margin 28.62%
Profit Margin 13.70%
FCF Margin -13.36%
ROA 2.95%
ROE 7.04%
ROIC 2.40%
Key stats in USD, based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (16)

Buy 9
Overweight 1
Hold 5
Underweight 1
Sell 0

Analyst Consensus: Buy

Price Target

$43.34*
(6.85% upside)
Low
35.8
Current: $40.56
High
47.6
Target: 43.34
*Average 12-month USD price target from 15 stock analysts.

Financial Performance

Financial numbers in millions CAD.

Financial Overview

Year20192018201720162015
Revenue8,7838,3908,3016,8386,757
Revenue Growth4.68%1.07%21.4%1.2%-
Gross Profit3,8113,6083,6902,4662,292
Operating Income3,0382,3652,5111,4831,419
Net Income1,7221,1661,028660805
Shares Outstanding438421401285-
Earnings Per Share3.782.592.311.892.59
EPS Growth45.95%12.12%22.22%-27.03%-
Dividend Per Share1.721.341.250.30-
Dividend Growth28.59%7.05%320.2%--
Operating Cash Flow2,6632,6042,7561,8841,673
Capital Expenditures-3,618-3,112-2,922-2,011-2,184
Free Cash Flow-955-508-166-127-511
Cash & Equivalents370332327269242
Total Debt23,14024,78722,06622,75912,192
Net Cash / Debt-22,770-24,455-21,739-22,490-11,950
Assets53,40453,05147,82247,90428,804
Liabilities33,29134,59531,07331,45418,451
Book Value18,53116,53315,00314,5979,880
Numbers in millions CAD, except per-share numbers.

Company Profile

Company Details

Full Name Fortis Inc.
Country Canada
Employees 9,000
CEO Barry V. Perry

Stock Information

Ticker Symbol FTS
Stock Exchange New York Stock Exchange
Sector Utilities
Industry Utilities—Regulated Electric
Unique Identifier NYSE: FTS

Description

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 429,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,143 megawatts (MW), including 59 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,041,000 residential, commercial and industrial and transportation customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 568,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 140 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 269,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.