FTS Stock Overview
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
Fortis Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$37.64 |
| 52 Week High | CA$46.28 |
| 52 Week Low | CA$36.30 |
| Beta | 0.18 |
| 1 Month Change | -4.88% |
| 3 Month Change | -5.64% |
| 1 Year Change | -15.24% |
| 3 Year Change | -16.19% |
| 5 Year Change | 2.76% |
| Change since IPO | 16.47% |
Recent News & Updates
Recent updates
Fortis: The Sub-Par Performance Continues Due To Valuation
Mar 27Fortis: Preferred Shares Deliver Yield And Outperform Common
Jan 10Fortis: An Update On One Of The Larger Canadian Utilities, Maintain 'Hold'
Nov 06Fortis: 8-9% Yielding Preferred Shares Offer A Lower Risk Prospect Vs. Common Shares
Aug 23Fortis: A Stable High-Yielding Utility That Is Too Expensive
Jun 06Fortis Q4 Earnings Preview
Feb 09Fortis: A Dividend King In The Making
Jan 17Fortis Warrants A Valuation Update After A 14% Drop - Close To A 'Buy'
Nov 08Fortis Q3 2022 Earnings Preview
Oct 27Fortis raises dividend 5.6% to CAD 0.565/share
Sep 28Fortis subsidiary launches senior notes offering
Sep 08Fortis: Completion Of Energy Projects Will Likely Push The Price Up
Aug 29Fortis declares CAD 0.535 dividend
Jul 28Fortis: Strong Renewable Ambitions And Financials But Appears Overpriced
May 24Fortis: I Remain At 'Hold', But There Is A Potential Upside At 18X P/E
Mar 01Fortis: A Solid Dividend Investment
Oct 18Fortis Is A Dividend Grower With More Upside
Jul 17Fortis Q1 2021 Earnings Preview
May 04Fortis Is A Fantastic Investment - But Not Now
Apr 30Fortis (FTS) Presents At 2020 Wells Fargo Midstream and Utility Symposium Conference - Slideshow
Dec 15Fortis (FTS) Presents At Wolfe Research Meetings: EEI 55th Financial Virtual Conference - Slideshow
Nov 22Dividend Watch: Fortis Is A Top Income Stock
Nov 19Fortis Q3 2020 Earnings Preview
Oct 29Shareholder Returns
| FTS | US Electric Utilities | US Market | |
|---|---|---|---|
| 7D | -1.5% | -0.9% | -3.7% |
| 1Y | -15.2% | -6.4% | 20.5% |
Return vs Industry: FTS underperformed the US Electric Utilities industry which returned -7.7% over the past year.
Return vs Market: FTS underperformed the US Market which returned 20.2% over the past year.
Price Volatility
| FTS volatility | |
|---|---|
| FTS Average Weekly Movement | 2.1% |
| Electric Utilities Industry Average Movement | 2.9% |
| Market Average Movement | 6.0% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: FTS has not had significant price volatility in the past 3 months.
Volatility Over Time: FTS's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1885 | 9,598 | Dave Hutchens | www.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
| FTS fundamental statistics | |
|---|---|
| Market cap | US$18.33b |
| Earnings (TTM) | US$1.09b |
| Revenue (TTM) | US$8.34b |
17.0x
P/E Ratio2.2x
P/S RatioIs FTS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FTS income statement (TTM) | |
|---|---|
| Revenue | CA$11.52b |
| Cost of Revenue | CA$6.66b |
| Gross Profit | CA$4.86b |
| Other Expenses | CA$3.35b |
| Earnings | CA$1.51b |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
May 01, 2024
| Earnings per share (EPS) | 3.05 |
| Gross Margin | 42.17% |
| Net Profit Margin | 13.08% |
| Debt/Equity Ratio | 127.1% |
How did FTS perform over the long term?
See historical performance and comparisonDividends
4.6%
Current Dividend Yield74%
Payout RatioDoes FTS pay a reliable dividends?
See FTS dividend history and benchmarks| Fortis dividend dates | |
|---|---|
| Ex Dividend Date | May 16 2024 |
| Dividend Pay Date | Jun 01 2024 |
| Days until Ex dividend | 27 days |
| Days until Dividend pay date | 43 days |
Does FTS pay a reliable dividends?
See FTS dividend history and benchmarks