Fortis (NYSE:FTS) Receives Consensus Recommendation of “Hold” from Brokerages

Posted by on Jul 30th, 2026

Shares of Fortis (NYSE:FTS – Get Free Report) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $61.00.

A number of equities analysts have recently weighed in on FTS shares. Wall Street Zen downgraded Fortis from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Canadian Imperial Bank of Commerce lowered Fortis from an “outperform” rating to a “hold” rating in a report on Friday, July 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Fortis in a research report on Friday, July 17th. BMO Capital Markets restated a “market perform” rating on shares of Fortis in a research note on Thursday, May 7th. Finally, TD Securities reaffirmed a “buy” rating on shares of Fortis in a research report on Thursday, May 7th.

View Our Latest Stock Analysis on FTS

Hedge Funds Weigh In On Fortis

Several institutional investors have recently added to or reduced their stakes in FTS. TD Waterhouse Canada Inc. boosted its stake in Fortis by 4.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,138,553 shares of the utilities provider’s stock valued at $266,942,000 after acquiring an additional 204,151 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Fortis by 40.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 175,760 shares of the utilities provider’s stock valued at $9,150,000 after acquiring an additional 50,632 shares during the period. Vanguard Group Inc. increased its stake in shares of Fortis by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 24,129,958 shares of the utilities provider’s stock worth $1,254,541,000 after purchasing an additional 536,118 shares during the last quarter. Ninety One UK Ltd increased its stake in shares of Fortis by 34.6% during the 4th quarter. Ninety One UK Ltd now owns 127,809 shares of the utilities provider’s stock worth $6,654,000 after purchasing an additional 32,842 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Fortis by 39.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,088,628 shares of the utilities provider’s stock worth $60,720,000 after purchasing an additional 305,450 shares during the last quarter. Institutional investors own 57.77% of the company’s stock.

Fortis Stock Down 1.2%

Fortis stock opened at $57.62 on Thursday. Fortis has a fifty-two week low of $48.53 and a fifty-two week high of $59.40. The stock has a market cap of $29.43 billion, a PE ratio of 23.42 and a beta of 0.43. The firm’s 50-day simple moving average is $56.98 and its 200 day simple moving average is $56.14. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.41 and a current ratio of 0.49.

Fortis (NYSE:FTS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. Fortis had a net margin of 14.21% and a return on equity of 7.25%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business posted $1.00 EPS. Research analysts predict that Fortis will post 2.58 EPS for the current fiscal year.

About Fortis

(Get 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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Analyst Recommendations for Fortis (NYSE:FTS)

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