Fortis (TSE:FTS) Issues Quarterly Earnings Results

Fortis (TSE:FTS) announced its quarterly earnings results on Tuesday. The company reported C$0.92 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$3.12 billion during the quarter. Fortis had a net margin of 15.04% and a return on equity of 7.57%.

Fortis Trading Up 1.7%

FTS opened at C$85.03 on Thursday. Fortis has a twelve month low of C$69.06 and a twelve month high of C$85.19. The company has a quick ratio of 0.36, a current ratio of 0.69 and a debt-to-equity ratio of 146.51. The company has a fifty day moving average of C$77.25 and a 200-day moving average of C$77.76. The stock has a market cap of C$43.44 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 3.01 and a beta of 0.34.

Fortis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Fortis’s dividend payout ratio is currently 74.56%.

More Fortis News

Here are the key news stories impacting Fortis this week:

• Positive Sentiment: Higher earnings and a larger dividend: Fortis reported Q3 earnings of C$0.92 per share and revenue of C$3.12 billion, with profit higher year over year. It also raised its quarterly dividend by 4%, extending its dividend-growth streak to 53 years. Fortis Reports Higher Earnings and Raises Quarterly Dividend
• Positive Sentiment: Longer-term growth outlook: The company’s C$32.2 billion, five-year capital plan targets 7.5% annual rate-base growth. Fortis also expects to grow its dividend by 4%–6% annually through 2031, giving investors visibility into planned expansion and dividend growth. Fortis outlines capital plan and dividend-growth outlook
• Positive Sentiment: Some analysts see further upside: TD and Desjardins raised their price targets to C$90 and maintained or assigned Buy ratings, indicating potential upside from the reported C$85.03 share price. TD analyst recommendations
• Neutral Sentiment: More cautious target changes: BMO raised its target to C$85 while keeping a Market Perform rating; National Bank raised its target to C$84 and kept Sector Perform. These changes reflect limited anticipated upside at the cited share price. BMO raises price target, keeps Market Perform rating
• Negative Sentiment: One downgrade tempers optimism: Raymond James cut its rating from Outperform to Market Perform, despite raising its price target to C$86.50. The move signals a more restrained view of near-term performance. Raymond James analyst recommendations

Analysts Set New Price Targets

FTS has been the topic of several analyst reports. Canadian Imperial Bank of Commerce reduced their price objective on shares of Fortis from C$82.00 to C$78.00 in a research note on Tuesday, September 22nd. TD increased their price objective on Fortis from C$87.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial lowered Fortis from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$85.50 to C$86.50 in a research report on Wednesday. BMO Capital Markets lifted their target price on Fortis from C$81.00 to C$85.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Barclays reduced their price target on Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 30th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$81.95.

Fortis Company Profile

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.