Fortis Inc. (FTS)

NYSE: FTS · IEX Real-Time Price · USD
50.42
-0.36 (-0.71%)
May 25, 2022 4:00 PM EDT - Market closed
Market Cap24.10B
Revenue (ttm)7.73B
Net Income (ttm)973.02M
Shares Out477.91M
EPS (ttm)2.02
PE Ratio25.00
Forward PE22.73
Dividend$2.41 (4.78%)
Ex-Dividend DateMay 16, 2022
Volume587,546
Open50.73
Previous Close50.78
Day's Range50.32 - 50.83
52-Week Range43.12 - 51.66
Beta0.11
AnalystsHold
Price Target48.47 (-3.9%)
Earnings DateMay 4, 2022

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...

IndustryElectric Utilities
Founded1885
CEOH. Stanley Marshall
Employees9,100
Stock ExchangeNYSE
Ticker SymbolFTS
Full Company Profile

Financial Performance

In 2021, Fortis's revenue was 9.45 billion, an increase of 5.74% compared to the previous year's 8.94 billion. Earnings were 1.29 billion, an increase of 1.57%.

Financial numbers in millions CADFinancial Statements

Analyst Forecast

According to 22 analysts, the average rating for FTS stock is "Hold." The 12-month stock price forecast is 48.47, which is a decrease of -3.87% from the latest price.

Price Target
$48.47
(-3.87% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Fortis Inc. Announces Pricing of Senior Unsecured Notes

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

1 week ago - GlobeNewsWire

Got $5,000? Buy and Hold These 3 Dividend Growth Stocks for the Long Haul

If you invest in these stocks, it's likely your dividend income will increase over the years.

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2 weeks ago - The Motley Fool

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

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

2 weeks ago - GlobeNewsWire

Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay and Amendment of Employee...

ST. JOHN'S, Newfoundland and Labrador, May 05, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual and Special Meeting of Sh...

2 weeks ago - GlobeNewsWire

Fortis Announces Executive Changes

ST. JOHN'S, Newfoundland and Labrador, May 05, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today announced the retirement of Nora Duke, EVP, Sustainability and C...

3 weeks ago - GlobeNewsWire

Fortis (FTS) Q1 Earnings and Revenues Top Estimates

Fortis (FTS) delivered earnings and revenue surprises of 1.64% and 9.42%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Fortis Inc. Releases First Quarter 2022 Results and Announces Net-Zero Target

ST. JOHN'S, Newfoundland and Labrador, May 04, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric an...

3 weeks ago - GlobeNewsWire

Advisory: Fortis Inc. to Hold Teleconference on May 4 to Discuss First Quarter 2022 Results and Hold Annual and Speci...

ST. JOHN'S, Newfoundland and Labrador, April 28, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2022 financial results on Wednesday, ...

3 weeks ago - GlobeNewsWire

Fortis (FTS) Earnings Expected to Grow: Should You Buy?

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.

4 weeks ago - Zacks Investment Research

Fortis Inc. to Hold Teleconference on May 4 to Discuss First Quarter 2022 Results and Hold Annual and Special Meeting...

ST. JOHN'S, Newfoundland and Labrador, April 06, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its first quarter 2022 financial results on Wednesday, ...

1 month ago - GlobeNewsWire

Tucson Electric Power to Issue All-Source Request for Proposals for Additional Energy Resources

TUCSON, Ariz.--(BUSINESS WIRE)--Tucson Electric Power (TEP) will seek new wind and solar generation, energy storage systems and other resources such as energy efficiency with an All-Source Request for P...

1 month ago - Business Wire

UniSource to Issue All-Source Request for Proposals for Additional Energy Resources

TUCSON, Ariz.--(BUSINESS WIRE)--UniSource Energy Services will seek new wind and solar generation, energy storage systems and other resources such as energy efficiency with an All-Source Request for Pro...

1 month ago - Business Wire

Fortis Inc. Releases TCFD and Climate Assessment Report

ST. JOHN'S, Newfoundland and Labrador, March 09, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has made significant progress on its commitment as a Task Force for ...

2 months ago - GlobeNewsWire

Fortis Inc. Files 2021 Year-End Disclosure Documents

ST. JOHN'S, Newfoundland and Labrador, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today filed its audited Consolidated Financial Statements and related...

3 months ago - GlobeNewsWire

Fortis Inc. Reports 2021 Results

ST. JOHN'S, Newfoundland and Labrador, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric a...

3 months ago - GlobeNewsWire

Fortis Inc. Announces Second Quarter Dividends - 2022

ST. JOHN'S, Newfoundland and Labrador, Feb. 10, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends:

3 months ago - GlobeNewsWire

Advisory: Fortis Inc. to Hold Teleconference on February 11 to Discuss 2021 Annual Results

ST. JOHN'S, Newfoundland and Labrador, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2021 annual financial results on Friday, February 11...

3 months ago - GlobeNewsWire

Archaea Energy Announces Expansion of Commercial Partnership with FortisBC via New 20-Year Renewable Natural Gas Agre...

HOUSTON--(BUSINESS WIRE)--Archaea Energy Inc. (“Archaea” or “the Company”) (NYSE: LFG), an industry-leading renewable natural gas (“RNG”) company, announced today that it is expanding its commercial par...

Other symbols:LFG
3 months ago - Business Wire

Fortis Inc. to Hold Teleconference on February 11 to Discuss 2021 Annual Results

ST. JOHN'S, Newfoundland and Labrador, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2021 annual financial results on Friday, February 11...

4 months ago - GlobeNewsWire

2 Canadian Utilities for High Levels of Income

Lots of attention is paid to companies in the U.S. with a long track record of dividend growth, but there are many companies that are headquartered in Canada with impressive growth streaks of their own.

4 months ago - GuruFocus

3 Low Price-to-Median-Price-Sales Value Stocks

When looking for bargains, investors may want to consider the following three companies, as their stocks have low price-to-median-price-sales values when compared to the average of the S&P 500 (which st...

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5 months ago - GuruFocus

Gary Smith Appointed Executive Vice President, Operations and Innovation

ST. JOHN'S, Newfoundland and Labrador, Nov. 19, 2021 (GLOBE NEWSWIRE) -- David Hutchens, President and CEO, Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today appointed Gary Smith to the ...

6 months ago - GlobeNewsWire

Fortis Inc. Announces First Quarter Dividends - 2022

ST. JOHN'S, Newfoundland and Labrador, Nov. 18, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has declared the following dividends:

6 months ago - GlobeNewsWire

Fortis Inc. Participating in COP26 Climate Change Conference Recommits to Cleaner Energy Future on Energy Day

GLASGOW, Scotland, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) today reconfirmed its commitment to a cleaner energy future as part of its attendance at ...

6 months ago - GlobeNewsWire

Fortis (FTS) Meets Q3 Earnings Estimates

Fortis (FTS) delivered earnings and revenue surprises of 0.00% and 4.36%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research