Fortis (FTS) - Stock Price & Dividends

Exchange: Toronto Exchange • Country: Canada • Currency: CAD • Type: Common Stock • ISIN: CA3495531079

Electricity, Natural Gas

Fortis Inc. is a leading electric and gas utility company that operates in Canada, the United States, and the Caribbean. With a rich history dating back to 1885, the company has grown to become a significant player in the energy sector.

In Arizona, Fortis Inc. generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona, and 103,000 retail customers in Mohave and Santa Cruz counties. The company's generating capacity in the region stands at 3,408 megawatts (MW), which includes 68 MW of solar capacity and 250 MW of wind capacity.

Fortis Inc. also sells wholesale electricity to other entities in the western United States, and owns gas-fired and hydroelectric generating capacity totaling 65 MW. In British Columbia, Canada, the company distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers.

In addition to its operations in Arizona and British Columbia, Fortis Inc. owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta. The company also owns four hydroelectric generating facilities with a combined capacity of 225 MW, and provides operation, maintenance, and management services to five hydroelectric generating facilities.

Fortis Inc. has a significant presence in the Caribbean, distributing electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW, and on Prince Edward Island with a generating capacity of 90 MW. The company also provides integrated electric utility service to approximately 69,000 customers in Ontario, approximately 275,000 customers in Newfoundland and Labrador, approximately 34,000 customers on Grand Cayman, Cayman Islands, and approximately 17,000 customers on certain islands in Turks and Caicos.

The company's international footprint extends to Belize, where it holds long-term contracted generation assets consisting of three hydroelectric generating facilities with a combined capacity of 51 MW. Fortis Inc. also owns and operates the Aitken Creek natural gas storage facility.

Fortis Inc.'s extensive network of infrastructure includes approximately 90,500 circuit kilometers (km) of distribution lines and approximately 51,600 km of natural gas pipelines. Headquartered in St. John's, Canada, the company is committed to providing reliable and sustainable energy solutions to its customers.

Drawdown (Underwater) Chart

Drawdown / Underwater Chart for Fortis (FTS) - Stock Price & Dividends

Overall Trend and Yearly Seasonality

Drawdown / Underwater Chart for Fortis (FTS) - Stock Price & Dividends

FTS Stock Overview

Market Cap in USD 19,952m
Sector Utilities
Industry Utilities - Regulated Electric
GiC SubIndustry Electric Utilities
TER 0.00%
IPO / Inception

FTS Stock Ratings

Growth 5y 31.2
Fundamental -19.9
Dividend 7.78
Rel. Performance vs Sector -1.12
Analysts -
Fair Price Momentum 49.73 CAD
Fair Price DCF -

FTS Dividends

Yield 12m 4.43%
Yield on Cost 5y 5.37%
Dividends CAGR 5y 4.56%
Payout Consistency 100.0%

FTS Growth Ratios

Growth 12m -0.76%
Growth Correlation 12m 7%
Growth Correlation 3m 34%
CAGR 5y 3.91%
CAGR/Mean DD 5y 0.53
Sharpe Ratio 12m -0.38
Alpha vs SP500 12m -16.63
Beta vs SP500 5y weekly 0.48
ValueRay RSI 13.65
Volatility GJR Garch 1y 16.39%
Price / SMA 50 -2.15%
Price / SMA 200 -1%
Current Volume 4723.9k
Average Volume 20d 1710.9k

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What is the price of FTS stocks?
As of June 22, 2024, the stock is trading at CAD 52.70 with a total of 4,723,927 shares traded.
Over the past week, the price has changed by -1.84%, over one month by -5.69%, over three months by -0.65% and over the past year by -2.50%.
What are the forecast for FTS stock price target?
According to ValueRays Forecast Model, FTS Fortis will be worth about 53.7 in June 2025. The stock is currently trading at 52.70. This means that the stock has a potential upside of +1.92%.
Issuer Forecast Upside
Wallstreet Target Price 58.1 10.2
Analysts Target Price - -
ValueRay Target Price 53.7 1.92