Fortis (FTS) – What Are Analysts Thinking About This Stock?

Posted by Francis Steltz on Nov 12th, 2026

Fortis (NYSE:FTS – Get Free Report) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $66.67.

Several equities research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Fortis in a report on Wednesday, October 28th. Barclays downgraded shares of Fortis from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $56.00 to $61.00 in a report on Friday, November 6th. Royal Bank Of Canada lifted their price target on shares of Fortis from $80.00 to $89.00 and gave the company a “sector perform” rating in a report on Monday, August 3rd. BMO Capital Markets restated a “market perform” rating on shares of Fortis in a research report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fortis in a research note on Thursday, October 15th.

Read Our Latest Stock Analysis on FTS

Institutional Investors Weigh In On Fortis

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Fortis by 4.6% in the 1st quarter. Royal Bank of Canada now owns 35,241,451 shares of the utilities provider’s stock valued at $1,966,121,000 after purchasing an additional 1,557,443 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Fortis by 1.4% during the second quarter. TD Waterhouse Canada Inc. now owns 9,436,026 shares of the utilities provider’s stock worth $535,234,000 after purchasing an additional 129,466 shares during the last quarter. Cibc World Market Inc. bought a new stake in shares of Fortis during the second quarter worth $442,633,000. Legal & General Group Plc bought a new stake in shares of Fortis during the second quarter worth $334,727,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Fortis in the second quarter valued at $311,146,000. 57.77% of the stock is currently owned by institutional investors.

Fortis Stock Performance

Shares of NYSE:FTS opened at $59.08 on Friday. The business’s fifty day moving average price is $55.53 and its two-hundred day moving average price is $56.18. Fortis has a fifty-two week low of $49.99 and a fifty-two week high of $61.71. The stock has a market capitalization of $30.47 billion, a price-to-earnings ratio of 23.05 and a beta of 0.42. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.69 and a quick ratio of 0.61.

Fortis (NYSE:FTS – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Fortis had a return on equity of 7.37% and a net margin of 14.66%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.27 billion. As a group, analysts predict that Fortis will post 2.58 EPS for the current fiscal year.

Fortis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be paid a C$0.67 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from Fortis’s previous quarterly dividend of C$0.64. The ex-dividend date is Tuesday, November 17th. Fortis’s dividend payout ratio is presently 71.65%.

Fortis Company Profile

(Get Free Report)

Fortis Inc. is a Canadian utility company that owns and operates regulated electric and natural gas businesses. Its activities include electricity generation, transmission and distribution, as well as natural gas distribution and energy infrastructure services. The company serves customers across Canada, the United States and the Caribbean through a group of regional utilities. Its operations include electric utilities and natural gas businesses serving communities in provinces such as British Columbia and Newfoundland and Labrador, as well as U.S. states including Arizona and New York.