Fortis (TSE:FTS) had its price target decreased by BMO Capital Markets from C$49.00 to C$48.00 in a report published on Tuesday.

Shares of FTS stock opened at C$42.48 on Tuesday. Fortis has a 52 week low of C$39.38 and a 52 week high of C$48.73.

Fortis (TSE:FTS) last posted its quarterly earnings data on Tuesday, July 31st. The company reported C$0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.57. The business had revenue of C$1.95 billion during the quarter, compared to the consensus estimate of C$2.06 billion. Fortis had a return on equity of 8.20% and a net margin of 16.89%.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Tuesday, August 21st were issued a $0.425 dividend. The ex-dividend date was Monday, August 20th. This represents a $1.70 dividend on an annualized basis and a yield of 4.00%.

About Fortis

Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 422,000 retail customers in southeastern Arizona; and 96,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 2,834 megawatts (MW), including 64 MW of solar capacity.

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Analyst Recommendations for Fortis (TSE:FTS)

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