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Fortis TSX:FTS.PRI Stock Report

Last Price

CA$16.50

Market Cap

CA$29.8b

7D

-1.8%

1Y

11.1%

Updated

22 Dec, 2024

Data

Company Financials +

My Notes

Capture your thoughts, links and company narrative

Fortis Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Fortis
Historical stock prices
Current Share PriceCA$16.50
52 Week HighCA$17.75
52 Week LowCA$14.80
Beta0.25
1 Month Change1.91%
3 Month Change-1.79%
1 Year Change11.11%
3 Year Change3.77%
5 Year Change28.30%
Change since IPO-1.20%

Recent News & Updates

Recent updates

Shareholder Returns

FTS.PRICA Electric UtilitiesCA Market
7D-1.8%-1.5%-2.6%
1Y11.1%20.1%15.2%

Return vs Industry: FTS.PRI underperformed the Canadian Electric Utilities industry which returned 20.1% over the past year.

Return vs Market: FTS.PRI underperformed the Canadian Market which returned 15.2% over the past year.

Price Volatility

Is FTS.PRI's price volatile compared to industry and market?
FTS.PRI volatility
FTS.PRI Average Weekly Movement1.7%
Electric Utilities Industry Average Movement2.6%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market2.9%

Stable Share Price: FTS.PRI has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: FTS.PRI's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18859,600Dave Hutchenswww.fortisinc.com

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 hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada.

Fortis Inc. Fundamentals Summary

How do Fortis's earnings and revenue compare to its market cap?
FTS.PRI fundamental statistics
Market capCA$29.84b
Earnings (TTM)CA$1.59b
Revenue (TTM)CA$11.44b

18.8x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FTS.PRI income statement (TTM)
RevenueCA$11.44b
Cost of RevenueCA$6.36b
Gross ProfitCA$5.09b
Other ExpensesCA$3.50b
EarningsCA$1.59b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.20
Gross Margin44.46%
Net Profit Margin13.90%
Debt/Equity Ratio129.8%

How did FTS.PRI perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

73%

Payout Ratio

Does FTS.PRI pay a reliable dividends?

See FTS.PRI dividend history and benchmarks
When do you need to buy FTS.PRI by to receive an upcoming dividend?
Fortis dividend dates
Ex Dividend DateFeb 18 2025
Dividend Pay DateMar 01 2025
Days until Ex dividend57 days
Days until Dividend pay date68 days

Does FTS.PRI pay a reliable dividends?

See FTS.PRI dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 20:41
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fortis Inc. is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Daniel FordBarclays
Ross Allen FowlerBarclays