44,701 Shares in Fortis $FTS Bought by Public Employees Retirement System of Ohio

Posted by Stanley Muller on Sep 6th, 2026

Public Employees Retirement System of Ohio acquired a new position in shares of Fortis (NYSE:FTS – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,701 shares of the utilities provider’s stock, valued at approximately $2,560,000.

A number of other institutional investors also recently bought and sold shares of FTS. Trust Co. of Vermont purchased a new stake in shares of Fortis in the second quarter valued at about $26,000. Scarborough Advisors LLC purchased a new position in shares of Fortis during the first quarter worth about $29,000. Aberdeen Wealth Management LLC acquired a new position in Fortis in the 2nd quarter valued at about $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Fortis during the 4th quarter valued at approximately $34,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Fortis by 157.4% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 700 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 428 shares during the last quarter. 57.77% of the stock is currently owned by institutional investors and hedge funds.

Fortis Stock Performance

Shares of FTS stock opened at $55.28 on Friday. The company has a market cap of $28.24 billion, a price-to-earnings ratio of 22.38 and a beta of 0.42. The stock has a 50 day simple moving average of $56.78 and a 200-day simple moving average of $56.61. Fortis has a 12-month low of $48.64 and a 12-month high of $59.40. The company has a current ratio of 0.56, a quick ratio of 0.47 and a debt-to-equity ratio of 1.27.

Fortis (NYSE:FTS – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Fortis had a return on equity of 7.16% and a net margin of 14.17%.The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm earned $0.76 EPS. On average, equities analysts forecast that Fortis will post 2.56 EPS for the current year.

Fortis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a $0.64 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.56 dividend on an annualized basis and a yield of 4.6%. Fortis’s dividend payout ratio (DPR) is 73.68%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FTS. Weiss Ratings reiterated a “buy (b)” rating on shares of Fortis in a research note on Friday, July 17th. Wolfe Research set a $50.00 price target on Fortis in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce downgraded Fortis from an “outperform” rating to a “hold” rating in a report on Friday, July 17th. TD Securities reiterated a “buy” rating on shares of Fortis in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of Fortis from $80.00 to $89.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Fortis has a consensus rating of “Hold” and an average price target of $66.33.

Check Out Our Latest Analysis on FTS

About Fortis

(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.