Fortis Inc. (FTS.TO) – What Are Investment Firms Thinking About This Stock?

Shares of Fortis Inc. (TSE:FTS) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$79.23.

A number of research analysts have weighed in on FTS shares. Desjardins set a C$85.00 target price on shares of Fortis and gave the company a “buy” rating in a research note on Tuesday, October 27th. Barclays decreased their price target on shares of Fortis from C$82.00 to C$76.00 and set an “overweight” rating for the company in a research note on Wednesday, September 30th. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of Fortis from C$82.00 to C$78.00 in a report on Tuesday, September 22nd.

Fortis Stock Performance

FTS opened at C$81.97 on Monday. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.56 and a quick ratio of 0.36. Fortis has a fifty-two week low of C$69.06 and a fifty-two week high of C$83.75. The firm has a market capitalization of C$41.88 billion, a PE ratio of 24.11, a P/E/G ratio of 3.01 and a beta of 0.34. The company’s 50-day moving average is C$76.79 and its 200 day moving average is C$77.58.

Fortis (TSE:FTS) last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.78 earnings per share (EPS) for the quarter. Fortis had a net margin of 14.72% and a return on equity of 7.43%. The firm had revenue of C$2.93 billion for the quarter. As a group, research analysts predict that Fortis will post 3.34 earnings per share for the current fiscal year.

Fortis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Fortis’s dividend payout ratio (DPR) is currently 74.56%.

About Fortis

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.