Fortis Inc. (FTS)

CA — Utilities Sector
Peers: FE  ES  AEE  EBR-B  DTE  PPL  CMS  EBR  DTW 

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Key Metrics & Ratings

  • symbol FTS
  • Rev/Share 23.7318
  • Book/Share 51.1573
  • PB 1.5158
  • Debt/Equity 1.4311
  • CurrentRatio 0.5787
  • ROIC 0.0413

 

  • MktCap 36047504286.72
  • FreeCF/Share -3.4199
  • PFCF -21.0681
  • PE 20.1413
  • Debt/Assets 0.4645
  • DivYield 0.0343
  • ROE 0.0756

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 4
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade FTS Desjardins Hold Buy -- -- Aug. 5, 2025
Upgrade FTS CIBC Neutral Sector Outperform -- -- July 21, 2025
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. Shareholders Approve Election of Directors, Appointment of Auditors, and Say on Pay
FTS
Published: May 08, 2025 by: GlobeNewsWire
Sentiment: Neutral

ST. JOHN'S, Newfoundland and Labrador, May 08, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual Meeting of Shareholders held today. Shareholders voted in favour of all items of business before the meeting, including electing the nominated directors, appointing Deloitte LLP as the Corporation's auditors, and approving the non-binding advisory vote regarding the Corporation's approach to executive compensation.

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image for news Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, and Say on Pay
What The Smartest Canadian Investors Hold In Their Dividend Growth Portfolios
ENB, FTS, RY
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Neutral

Fortis is a classic utility offering its customers transmission and distribution of electricity and natural gas. Fortis faces headwinds from its capital-intensive business model and reliance on regulatory approvals. Royal Bank is the largest Canadian Bank by market cap and offers a wide variety of products and services.

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image for news What The Smartest Canadian Investors Hold In Their Dividend Growth Portfolios
Is Fortis (FTS) Stock Outpacing Its Utilities Peers This Year?
FTS
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Positive

Here is how Fortis (FTS) and Iberdrola S.A. (IBDRY) have performed compared to their sector so far this year.

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image for news Is Fortis (FTS) Stock Outpacing Its Utilities Peers This Year?
Fortis Inc. (FTS) Q1 2025 Earnings Call Transcript
FTS
Published: May 07, 2025 by: Seeking Alpha
Sentiment: Neutral

Fortis Inc. (NYSE:FTS ) Q1 2025 Earnings Conference Call May 7, 2025 8:30 AM ET Company Participants David Hutchens - President, Chief Executive Officer Jocelyn Perry - Executive Vice President, Chief Financial Officer Linda Apsey - Chief Executive Officer, ITC Holdings Corp. Roger Dall'Antonia - President, Chief Executive Officer, FortisBC Stephanie Amaimo - Vice President, Investor Relations Conference Call Participants Rob Hope - Scotiabank Maurice Choy - RBC Ben Pham - BMO Mark Jarvi - CIBC Jamieson Ward - Jefferies Patrick Kenny - National Bank Financial Ross Fowler - Bank of America Richard Sunderland - JP Morgan Operator Thank you …

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image for news Fortis Inc. (FTS) Q1 2025 Earnings Call Transcript
Fortis (FTS) Beats Q1 Earnings Estimates
FTS
Published: May 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortis (FTS) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.69 per share a year ago.

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image for news Fortis (FTS) Beats Q1 Earnings Estimates
Fortis Inc. Releases First Quarter 2025 Results
FTS
Published: May 07, 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. Releases First Quarter 2025 Results
Buy 3 "Safer" Dividend Kings Of 25 From May's 55
ADM, ADP, BDX, BKH, CDUAF, CWT, ED, FRT, FTS, HRL, KO, KVUE, MO, MSEX, NFG, NWN, PEP, PPG, RLI, SCL, SWK, SYY, TGT, UBSI, UVV
Published: May 06, 2025 by: Seeking Alpha
Sentiment: Positive

The May collection of Dividend Kings grew to 55, with Automatic Data Processing and RLI Corporation joining, despite two companies dropping off for not increasing dividends. Six top-yield Dividend Kings, including Altria and Canadian Utilities, are now fairly priced, with annual dividends from $1K investments exceeding their single-share prices. Analysts predict net gains of 14.7% to 56.86% for the top ten Dividend Kings by yield for the coming year, based on target prices. Among the 55 Dividend Kings, 16 show negative free cash flow margins, making them cash-poor and unsafe for investment.

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image for news Buy 3 "Safer" Dividend Kings Of 25 From May's 55
Fortis (FTS) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
FTS
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortis (FTS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Fortis (FTS) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
2025 Dividend Kings: Weathering Tariff Volatility Better Than The Market
ABM, ABT, ADM, AWR, BDX, BKH, CDUAF, CWT, ED, FTS, FUL, GPC, HRL, JNJ, KO, LANC, LOW, MO, MSEX, NDSN, NFG, NUE, NWN, PEP, PPG
Published: April 23, 2025 by: Seeking Alpha
Sentiment: Positive

The Dividend Kings are outperforming the S&P 500 in 2025 by 8.94%. Top performers include National Fuel & Gas (+28.88%), Consolidated Edison (+28.10%), and Middlesex Water Company (+21.00%). Promising Dividend Kings identified in March showed relative outperformance, averaging -3.15% vs. -8.16% for SPY.

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image for news 2025 Dividend Kings: Weathering Tariff Volatility Better Than The Market
Is Fortis (FTS) Outperforming Other Utilities Stocks This Year?
FTS
Published: April 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Here is how Fortis (FTS) and Iberdrola S.A. (IBDRY) have performed compared to their sector so far this year.

Read More
image for news Is Fortis (FTS) Outperforming Other Utilities Stocks This Year?
Fortis (FTS) is a Great Momentum Stock: Should You Buy?
FTS
Published: April 21, 2025 by: Zacks Investment Research
Sentiment: Positive

Does Fortis (FTS) have what it takes to be a top stock pick for momentum investors? Let's find out.

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image for news Fortis (FTS) is a Great Momentum Stock: Should You Buy?
Fortis (FTS) Upgraded to Buy: Here's Why
FTS
Published: April 21, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortis (FTS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

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image for news Fortis (FTS) Upgraded to Buy: Here's Why
Fortis Inc. Announces Closing of Offering of Senior Unsecured Notes
FTS
Published: March 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

Not for distribution to U.S. news wire services or dissemination in the United States. This news release constitutes a "designated news release" for the purposes of the Corporation's 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 Closing of Offering of Senior Unsecured Notes
Our 4 Favorite High-Yield Dividend Kings You Can Buy Now and Hold Forever
FTS, MO, PEP, UBSI
Published: February 20, 2025 by: 24/7 Wall Street
Sentiment: Positive

Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%.

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image for news Our 4 Favorite High-Yield Dividend Kings You Can Buy Now and Hold Forever
Fortis, Inc. (FTS) Q4 2024 Earnings Call Transcript
FTS
Published: February 14, 2025 by: Seeking Alpha
Sentiment: Neutral

Fortis, Inc. (NYSE:FTS ) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Stephanie Amaimo - VP, IR David Hutchens - President and CEO Jocelyn Perry - EVP and CFO Linda Apsey - CEO, ITC Holdings Corp. Roger Dall'Antonia - President and CEO, FortisBC Conference Call Participants Robert Hope - Scotiabank Maurice Choy - RBC Capital Markets Mark Jarvi - CIBC Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Operator Thank you for standing by. This is Betsy, the conference operator.

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image for news Fortis, Inc. (FTS) Q4 2024 Earnings Call Transcript
Fortis Inc. Files 2024 Year-End Disclosure Documents
FTS
Published: February 14, 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. Files 2024 Year-End Disclosure Documents
Fortis Inc. Reports Fourth Quarter & Annual 2024 Results
FTS
Published: February 14, 2025 by: GlobeNewsWire
Sentiment: Neutral

This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement

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image for news Fortis Inc. Reports Fourth Quarter & Annual 2024 Results
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.