Fortis (TSE:FTS) Sets New 52-Week High – Still a Buy?

Posted by Francis Steltz on Jun 18th, 2026

Fortis Inc. (TSE:FTS – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$80.79 and last traded at C$80.77, with a volume of 103112 shares trading hands. The stock had previously closed at C$80.22.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. National Bank Financial upped their price objective on shares of Fortis from C$75.00 to C$82.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. TD upped their price objective on shares of Fortis from C$83.00 to C$84.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays decreased their target price on shares of Fortis from C$84.00 to C$83.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Raymond James Financial boosted their target price on shares of Fortis from C$78.50 to C$80.50 and gave the company an “outperform” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$79.32.

Check Out Our Latest Stock Analysis on Fortis

Fortis Trading Down 0.9%

The company has a 50 day moving average of C$77.59 and a 200-day moving average of C$75.44. The company has a debt-to-equity ratio of 145.23, a quick ratio of 0.36 and a current ratio of 0.49. The stock has a market cap of C$40.35 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 3.01 and a beta of 0.43.

Fortis (TSE:FTS – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$0.99 earnings per share (EPS) for the quarter. Fortis had a net margin of 14.75% and a return on equity of 7.51%. The company had revenue of C$3.40 billion for the quarter. On average, research analysts anticipate that Fortis Inc. will post 3.3419913 earnings per share for the current year.

Fortis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, June 1st were given a $0.64 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.2%. Fortis’s dividend payout ratio is currently 74.04%.

Insider Activity at Fortis

In other Fortis news, insider James Reid sold 421 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$79.05, for a total value of C$33,280.05. Following the sale, the insider directly owned 31,283 shares of the company’s stock, valued at approximately C$2,472,921.15. This represents a 1.33% decrease in their position. Corporate insiders own 0.04% of the company’s stock.

About Fortis

(Get Free Report)

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.