Coleford Investment Management Ltd. Acquires Shares of 207,565 Fortis $FTS

Coleford Investment Management Ltd. bought a new position in shares of Fortis (NYSE:FTS) in the third quarter, HoldingsChannel reports. The institutional investor bought 207,565 shares of the utilities provider’s stock, valued at approximately $10,516,000. Fortis makes up about 2.5% of Coleford Investment Management Ltd.’s holdings, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of FTS. West Family Investments Inc. acquired a new position in shares of Fortis in the second quarter valued at about $249,000. Aviso Financial Inc. boosted its holdings in Fortis by 7.0% in the 2nd quarter. Aviso Financial Inc. now owns 101,518 shares of the utilities provider’s stock valued at $4,846,000 after purchasing an additional 6,682 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of Fortis by 42.4% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 794,320 shares of the utilities provider’s stock worth $37,955,000 after purchasing an additional 236,347 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Fortis by 172.5% during the second quarter. XTX Topco Ltd now owns 32,997 shares of the utilities provider’s stock worth $1,575,000 after purchasing an additional 20,889 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Fortis by 5.9% in the second quarter. Legal & General Group Plc now owns 6,224,022 shares of the utilities provider’s stock valued at $296,614,000 after buying an additional 345,633 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

More Fortis News

Here are the key news stories impacting Fortis this week:

• Positive Sentiment: Q4 earnings call highlighted “strong growth and strategic investments,” management commentary emphasized ongoing regulated growth drivers and execution of utility projects — supportive for long-term regulated cash flow expectations. Fortis Inc (FTS) Q4 2025 Earnings Call Highlights: Strong Growth and Strategic Investments …
• Positive Sentiment: Company unveiled a record $28.8 billion capital plan for its utility portfolio and reported higher 2025 net earnings — the large multi-year capex plan signals growth in rate base and future regulated earnings. Fortis Posts Higher 2025 Earnings and Unveils Record $28.8 Billion Capital Plan
• Positive Sentiment: Board declared the quarterly common dividend (annualized yield ~4.6%) and set record/ex-dividend dates — supports income investors and underscores management’s commitment to shareholder distributions. Fortis Inc. Announces Second Quarter Dividends – 2026
• Neutral Sentiment: Fortis filed audited 2025 year-end financial and regulatory disclosure documents (designated news releases) and published the earnings press release and slide deck — important for transparency but routine for a regulated utility. Fortis Inc. Files 2025 Year-End Disclosure Documents
• Negative Sentiment: While EPS of $0.65 beat consensus (~$0.62), revenue missed materially ($2.13B actual vs. $2.54B expected) and quarterly EPS declined year‑over‑year — a near-term warning on topline/utility recoveries that could pressure short-term sentiment. Fortis Q4 earnings and conference call

Wall Street Analyst Weigh In

FTS has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Fortis in a research report on Thursday, January 22nd. Wall Street Zen downgraded Fortis from a “hold” rating to a “sell” rating in a research note on Saturday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Fortis in a research note on Tuesday, October 21st. Scotiabank restated a “sector perform” rating on shares of Fortis in a research report on Friday. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Fortis in a research report on Friday. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.00.

Fortis Stock Up 1.3%

FTS stock opened at $56.82 on Friday. The firm has a 50-day moving average price of $52.41 and a 200-day moving average price of $51.20. Fortis has a 12 month low of $42.95 and a 12 month high of $57.01. The company has a current ratio of 0.66, a quick ratio of 0.54 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $28.83 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 4.39 and a beta of 0.50.

Fortis (NYSE:FTS) last released its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Fortis had a net margin of 14.24% and a return on equity of 7.23%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the company earned $0.83 EPS. As a group, equities research analysts anticipate that Fortis will post 2.35 EPS for the current fiscal year.

Fortis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.56 annualized dividend and a dividend yield of 4.5%. Fortis’s dividend payout ratio (DPR) is 75.83%.

Fortis Company Profile

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.