Fortis Inc. (FTS)

CA — Utilities Sector
Peers:   CMS  AEE  PNW  MGEE  EVRG  LNT  CNP  FE  EIX  PEG  ETR 

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Key Metrics & Ratings

  • symbol FTS
  • Rev/Share 23.4419
  • Book/Share 52.3546
  • PB 1.3336
  • Debt/Equity 1.4255
  • CurrentRatio 0.7588
  • ROIC 0.0399

 

  • MktCap 32270811748.56
  • FreeCF/Share -2.5365
  • PFCF -25.4301
  • PE 18.6809
  • Debt/Assets 0.4605
  • DivYield 0.0369
  • ROE 0.074

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 4
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation FTS TD Securities -- Buy -- -- June 27, 2025
Initiation FTS Desjardins -- Hold -- -- May 6, 2025
Initiation FTS Jefferies -- Hold -- -- Feb. 13, 2025
Resumed FTS BofA Securities -- Underperform -- -- Sept. 20, 2024

News

Fortis Inc. Announces Second Quarter Dividends – 2025
FTS
Published: February 13, 2025 by: GlobeNewsWire
Sentiment: Neutral

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024.

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image for news Fortis Inc. Announces Second Quarter Dividends – 2025

About Fortis Inc. (FTS)

  • IPO Date 2010-01-05
  • Website https://www.fortisinc.com
  • Industry Regulated Electric
  • CEO David Gerard Hutchens
  • Employees 9800

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 hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.