Fortis Inc. (FTS)

NYSE: FTS · IEX Real-Time Price · USD
40.93
+1.21 (3.05%)
Mar 24, 2023, 4:00 PM EDT - Market closed
3.05%
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]

Sector Utilities
Founded 1885
Employees 9,100
Stock Exchange NYSE
Ticker Symbol FTS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$43.74
(6.87% upside)
Analyst Consensus: Hold
Stock Forecasts

News

3 Dividend Champions for Long-Term Income

Income investors value reliability and consistency, as well as high dividend yields. Some stocks provide a combination of these factors, such as the Dividend Champions — stocks that have raised their ...

Other symbols: OZKSYK
1 week ago - InvestorPlace

3 Dividend-Paying Growth Stocks to Load Up On Right Now

Companies with high dividend yields can imply relatively high risk. However, companies that grow their dividends over time tend to provide fundamental growth that supports such dividend hikes.

Other symbols: OXYQSR
1 week ago - InvestorPlace

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?

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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...

1 month ago - GlobeNewsWire

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:

1 month ago - GlobeNewsWire

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.

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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.

4 months ago - Business Wire

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:

4 months ago - GlobeNewsWire

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?

5 months ago - Zacks Investment Research

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...

5 months ago - GlobeNewsWire

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-...

5 months ago - GlobeNewsWire

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.

5 months ago - Zacks Investment Research

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...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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?

8 months ago - Zacks Investment Research

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...

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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 ...

8 months ago - GlobeNewsWire

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,...

8 months ago - GlobeNewsWire

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,...

9 months ago - GlobeNewsWire

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.

10 months ago - Business Wire

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

Not for distribution to United States news wire services or dissemination in the United States.

10 months ago - GlobeNewsWire