Based on an average trading volume of 352,400 shares, the days-to-cover ratio is presently 9.6 days.
It also owns and operates transmission and distribution lines; and natural gas pipelines. The utilities provider earned $1.50 billion during the quarter, compared to the consensus estimate of $1.54 billion.

This is a boost from Fortis's previous quarterly dividend of $0.35. The dividend payout ratio of Fortis is 75.52%. Based on aggregate information from My MarketBeat watchlists, some companies that other Fortis investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Micron Technology (MU), NIC (EGOV), Accenture (ACN), Honeywell International (HON) and Workday (WDAY). We use cookies to understand how you use our site and to improve your experience. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Fortis Inc (NYSE:FTS) announced its quarterly earnings results on Thursday, July, 30th. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Source: Kantar Media, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Based on earnings estimates, Fortis will have a dividend payout ratio of 67.44% next year. The utilities provider reported $0.40 EPS for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.02.

Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. If you wish to go to ZacksTrade, click OK. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. In the past three months, Fortis insiders have not sold or bought any company stock.

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. The ex-dividend date of this dividend is Tuesday, November 17th. Additionally, it provides integrated electric utility service to approximately 176,000 customers in British Columbia; approximately 268,000 customers in Newfoundland and Labrador; approximately 30,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility.
Change value during other periods is calculated as the difference between the last trade and the most recent settle. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Interested parties can register for or listen to the call using this link or dial in at Not Available. In addition, it owns and operates the electricity distribution system that serves approximately 564,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities.

It operates primarily in Canada, United States and Caribbean.

Click here to watch the full series. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 268,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 81,000 customers through generating facilities with a combined capacity of 145 MW. The P/E ratio of Fortis is 20.76, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 21.67. The Zacks Rank has been called the Billion Dollar Secret. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The scores are based on the trading styles of Value, Growth, and Momentum. As of September 15th, there was short interest totaling 3,370,000 shares, an increase of 15.0% from the August 31st total of 2,930,000 shares. © American Consumer News, LLC dba MarketBeat® 2010-2020. also free. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Zacks Rank Education -- Learn more about the Zacks Rank Identify stocks that meet your criteria using seven unique stock screeners. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Research, Inc. nor its Information Providers can guarantee the accuracy, View Fortis' Short Interest. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Plus, FTS info will be updated daily in your Zacks.com Portfolio Tracker . Fortis has a market capitalization of $19.11 billion and generates $6.62 billion in revenue each year. NYSE and AMEX data is at least 20 minutes delayed. The utilities provider earns $1.30 billion in net income (profit) each year or $1.92 on an earnings per share basis. High institutional ownership can be a signal of strong market trust in this company. Zacks Ranks stocks can, and often do, change throughout the month. Zacks Sector Rank Education -- Learn more about the Zacks Sector Rank. Fortis' stock was trading at $38.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Get the latest stock price for Fortis Inc. (FTS), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. The Company offers regulated utilities comprised of electric and gas as well as engages in non-regulated hydroelectric operations. The sector with the worst average Zacks Rank (16 out of 16) would place in the bottom 1%. There may be delays, omissions, or inaccuracies Looking for new stock ideas? Not only does the stock have a high yield, but it also holds the potential for dividend growth. Vote “Outperform” if you believe FTS will outperform the S&P 500 over the long term. The P/E ratio of Fortis is 20.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.54.

There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." See the Full List of Stocks To Beat Earnings. One share of FTS stock can currently be purchased for approximately $41.11. Source: FactSet.

Fortis has only been the subject of 1 research reports in the past 90 days. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. This includes personalizing content and advertising. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Top institutional shareholders include Addenda Capital Inc. (0.17%), QV Investors Inc. (0.11%), Hennessy Advisors Inc. (0.05%), JCIC Asset Management Inc. (0.02%), Forsta AP Fonden (0.02%) and Farmers & Merchants Investments Inc. (0.02%). Get short term trading ideas from the MarketBeat Idea Engine.

Fortis declared a quarterly dividend on Thursday, September 24th. 47.91% of the stock of Fortis is held by institutions. Fortis has only been increasing its dividend for 1 years. We value your privacy. Fortis, Inc. is engaged in electric and gas utility business. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Sign-up to receive the latest news and ratings for FTS and its competitors with MarketBeat's FREE daily newsletter. This represents a $1.52 dividend on an annualized basis and a yield of 3.69%.

On average, they anticipate Fortis' share price to reach $58.67 in the next twelve months. Receive a free world-class investing education from MarketBeat. . The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 1,030,000 customers in British Columbia, Canada.

See rankings and related performance below. Fortis employs 8,970 workers across the globe. Fortis had a net margin of 13.83% and a return on equity of 6.06%. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. Detailed price information for Fortis Inc (FTS-T) from The Globe and Mail including charting and trades. ZacksTrade and Zacks.com are separate companies. Fortis' management team includes the following people: CA, Exec. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. |  Privacy Policy. Fortis has a P/B Ratio of 1.37. It's packed with all of the company's key stats and salient decision making information.

Zacks Style Scores Education - Learn more about the Zacks Style Scores. International stock quotes are delayed as per exchange requirements. The sector with the best average Zacks Rank would be considered the top sector (1 out of 16), which would place it in the top 1% of Zacks Ranked Sectors. Management is aiming to increase the dividend payout by … The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

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