Desjardins assumed coverage on shares of Fortis (NYSE:FTS) in a research report sent to investors on Friday morning. The brokerage issued a buy rating on the stock.

Separately, National Bank Financial reiterated a sector perform market weight rating on shares of Fortis in a research note on Monday, November 7th.

Shares of Fortis (NYSE:FTS) opened at 30.44 on Friday. The firm has a market cap of $12.17 billion and a price-to-earnings ratio of 21.93. The stock’s 50 day moving average price is $31.38 and its 200 day moving average price is $32.17. Fortis has a 12 month low of $24.63 and a 12 month high of $34.66.

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The company also recently declared a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 18th will be given a dividend of $0.298 per share. The ex-dividend date of this dividend is Wednesday, November 16th.

5 Day Chart for NYSE:FTS

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