Fortis Inc. (FTS)

NYSE: FTS · IEX Real-Time Price · USD
40.77
-0.04 (-0.10%)
May 17, 2024, 4:00 PM EDT - Market closed
-0.10%
Market Cap 20.14B
Revenue (ttm) 8.32B
Net Income (ttm) 1.12B
Shares Out 493.01M
EPS (ttm) 2.30
PE Ratio 17.74
Forward PE 17.55
Dividend $1.73 (4.25%)
Ex-Dividend Date May 16, 2024
Volume 276,872
Open 40.82
Previous Close 40.81
Day's Range 40.41 - 40.93
52-Week Range 36.30 - 43.84
Beta 0.18
Analysts Buy
Price Target 61.25 (+50.23%)
Earnings Date May 1, 2024

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 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]

Sector Utilities
Founded 1885
Employees 9,200
Stock Exchange NYSE
Ticker Symbol FTS
Full Company Profile

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 1.51 billion, an increase of 13.23%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for FTS stock is "Buy." The 12-month stock price forecast is $61.25, which is an increase of 50.23% from the latest price.

Price Target
$61.25
(50.23% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity Plan

ST. JOHN'S, Newfoundland and Labrador, May 02, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual and Special Meeting of ...

16 days ago - GlobeNewsWire

Fortis Inc. Releases First Quarter 2024 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...

17 days ago - GlobeNewsWire

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...

24 days ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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 ...

2 months ago - GlobeNewsWire

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,...

3 months ago - GlobeNewsWire

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,...

3 months ago - GlobeNewsWire

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,...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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,...

7 months ago - GlobeNewsWire

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...

7 months ago - GlobeNewsWire

Advisory: Fortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 Results

ST. JOHN'S, Newfoundland and Labrador, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2023 financial results on Friday, Oc...

7 months ago - GlobeNewsWire

Fortis Inc. to Hold Teleconference and Webcast on October 27 to Discuss Third Quarter 2023 Results

ST. JOHN'S, Newfoundland and Labrador, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its third quarter 2023 financial results on Friday, O...

8 months ago - GlobeNewsWire

Fortis Inc. Establishes At-The-Market Equity Program

ST. JOHN'S, Newfoundland and Labrador, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced today that it has established an at-the-market equity pr...

8 months ago - GlobeNewsWire

Fortis Inc. Announces New $25 Billion Five Year Capital Outlook and 4.4% Increase in Fourth Quarter Dividend Marking 50 Years of Dividend Increases

ST. JOHN'S, Newfoundland and Labrador, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electri...

8 months ago - GlobeNewsWire

Advisory: Fortis Inc. to Hold Investor Day in St. John's, Newfoundland and Labrador on September 19

ST. JOHN'S, Newfoundland and Labrador, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will hold its 2023 Investor Day on Tuesday, September 19, 2023 in ...

8 months ago - GlobeNewsWire

Fortis Inc. To Hold Investor Day in St. John's, Newfoundland and Labrador on September 19

ST. JOHN'S, Newfoundland and Labrador, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced it will hold its 2023 Investor Day on Tuesday, September ...

10 months ago - GlobeNewsWire

Fortis Inc. Releases Second Quarter 2023 Results and Sustainability Update Report

ST. JOHN'S, Newfoundland and Labrador, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric...

10 months ago - GlobeNewsWire

Fortis Inc. Announces Third Quarter Dividends – 2023

ST. JOHN'S, Newfoundland and Labrador, Aug. 01, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends:

10 months ago - GlobeNewsWire

Advisory: Fortis Inc. to Hold Teleconference and Webcast on August 2 to Discuss Second Quarter 2023 Results

ST. JOHN'S, Newfoundland and Labrador, July 25, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2023 financial results on Wednesday...

10 months ago - GlobeNewsWire

Fortis Inc. to Hold Teleconference and Webcast on August 2 to Discuss Second Quarter 2023 Results

ST. JOHN'S, Newfoundland and Labrador, July 05, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its second quarter 2023 financial results on Wednesday...

11 months ago - GlobeNewsWire