Fortis (TSE:FTS – Free Report) had its price target increased by BMO Capital Markets from C$81.00 to C$85.00 in a research report report published on Wednesday,BayStreet reports. BMO Capital Markets currently has a market perform rating on the stock.
A number of other research firms have also issued reports on FTS. Canadian Imperial Bank of Commerce decreased their price objective on Fortis from C$82.00 to C$78.00 in a research note on Tuesday, September 22nd. Barclays decreased their price target on shares of Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Finally, Desjardins set a C$85.00 price target on Fortis and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$81.95.
View Our Latest Stock Report on FTS
Fortis Stock Down 1.0%
Shares of FTS traded down C$0.88 during trading hours on Wednesday, reaching C$84.91. The stock had a trading volume of 2,514,880 shares, compared to its average volume of 1,612,690. Fortis has a 12 month low of C$69.06 and a 12 month high of C$86.35. The firm has a 50-day simple moving average of C$77.61 and a 200 day simple moving average of C$77.89. The company has a current ratio of 0.69, a quick ratio of 0.36 and a debt-to-equity ratio of 146.51. The company has a market capitalization of C$43.80 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 3.01 and a beta of 0.49.
Fortis (TSE:FTS – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.92 EPS for the quarter. The business had revenue of C$3.12 billion during the quarter. Fortis had a return on equity of 7.57% and a net margin of 15.04%. Equities research analysts predict that Fortis will post 3.34 earnings per share for the current fiscal year.
Fortis Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, December 1st will be issued a $0.6650 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, November 17th. This is a positive change from Fortis’s previous quarterly dividend of $0.64. Fortis’s dividend payout ratio is 72.73%.
Insider Buying and Selling at Fortis
In related news, insider James Reid sold 25,000 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of C$85.83, for a total transaction of C$2,145,750.00. Following the sale, the insider directly owned 31,419 shares of the company’s stock, valued at C$2,696,692.77. This trade represents a 44.31% decrease in their ownership of the stock. 0.04% of the stock is owned by corporate insiders.
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.
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