Louisbourg Investments Inc. Sells 26,073 Shares of Fortis $FTS

Posted by on Jun 28th, 2026

Louisbourg Investments Inc. decreased its stake in shares of Fortis (NYSE:FTS – Free Report) by 57.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,054 shares of the utilities provider’s stock after selling 26,073 shares during the quarter. Louisbourg Investments Inc.’s holdings in Fortis were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Compound Planning Inc. lifted its position in shares of Fortis by 6.6% during the 3rd quarter. Compound Planning Inc. now owns 4,536 shares of the utilities provider’s stock valued at $230,000 after acquiring an additional 281 shares during the period. JCIC Asset Management Inc. grew its holdings in Fortis by 5.0% in the fourth quarter. JCIC Asset Management Inc. now owns 5,990 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 285 shares during the period. US Bancorp DE grew its holdings in Fortis by 1.7% in the third quarter. US Bancorp DE now owns 18,370 shares of the utilities provider’s stock worth $932,000 after purchasing an additional 300 shares during the period. Public Sector Pension Investment Board increased its stake in Fortis by 0.6% in the second quarter. Public Sector Pension Investment Board now owns 48,548 shares of the utilities provider’s stock valued at $2,313,000 after purchasing an additional 300 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Fortis by 0.8% in the fourth quarter. Wellington Management Group LLP now owns 37,822 shares of the utilities provider’s stock valued at $1,969,000 after purchasing an additional 316 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

Fortis Stock Up 0.8%

Fortis stock opened at $58.20 on Friday. Fortis has a 1-year low of $46.46 and a 1-year high of $58.78. The firm has a market capitalization of $29.63 billion, a price-to-earnings ratio of 23.66 and a beta of 0.43. The firm’s fifty day moving average price is $56.23 and its two-hundred day moving average price is $55.09. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.25.

Fortis (NYSE:FTS – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fortis had a net margin of 14.21% and a return on equity of 7.25%. During the same period last year, the company earned $1.00 earnings per share. On average, equities research analysts predict that Fortis will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FTS has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Fortis in a research report on Tuesday, April 21st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Fortis in a research report on Monday, April 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Fortis in a research note on Thursday, May 7th. TD Securities reiterated a “buy” rating on shares of Fortis in a report on Thursday, May 7th. Finally, Barclays cut their price target on Fortis from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

Get Our Latest Analysis on FTS

Fortis Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fortis (NYSE:FTS)

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