Fortis Inc Stock Today

FTS Stock  USD 39.10  0.09  0.23%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 39

 
High
 
Low
Below Average
Fortis is selling for under 39.10 as of the 24th of April 2024; that is 0.23 percent up since the beginning of the trading day. The stock's lowest day price was 38.96. Fortis has about a 39 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Fortis Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain
Utilities
IPO Date
4th of January 2016
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It also owns and operates approximately 90,200 circuit Kilometers of distribution lines and approximately 50,500 km of natural gas pipelines. The company has 493 M outstanding shares of which 8.81 M shares are currently shorted by investors with about 6.77 days to cover. More on Fortis Inc

Fortis Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fortis' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortis or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Fortis' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortis' managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOBarry Perry
Business ConcentrationElectric Utilities, Utilities - Regulated Electric, Utilities, NYSE Composite, VN All Shares, VN Index, SP TSX Composite, Thomson Reuters Canada, VN100, VN Mid Cap, Utilities, Electric Utilities, Utilities—Regulated Electric, Utilities (View all Sectors)
Excise Tax ActivitiesCoal
Average Analyst Recommendation
Analysts covering Fortis report their recommendations after researching Fortis' financial statements, talking to executives and customers, or listening in on Fortis' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Fortis Inc. The Fortis consensus assessment is calculated by taking the average forecast from all of the analysts covering Fortis.
Financial Strength
Based on the key indicators related to Fortis' liquidity, profitability, solvency, and operating efficiency, Fortis Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Fortis Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.02780.0239
Fairly Up
Pretty Stable
Asset Turnover0.310.1747
Way Up
Slightly volatile
Gross Profit Margin0.490.6726
Way Down
Slightly volatile
Net Debt30.9 B29.4 B
Sufficiently Up
Slightly volatile
Total Current Liabilities6.3 BB
Sufficiently Up
Slightly volatile
Non Current Liabilities Total38.5 B36.6 B
Sufficiently Up
Slightly volatile
Total Assets69.2 B65.9 B
Sufficiently Up
Slightly volatile
Total Current Assets4.2 BB
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities3.7 B3.5 B
Sufficiently Up
Slightly volatile
Fortis' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Fortis' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fortis' financial leverage. It provides some insight into what part of Fortis' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Fortis' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Fortis deploys its capital and how much of that capital is borrowed.
Liquidity
Fortis cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 30.03 B in debt with debt to equity (D/E) ratio of 1.27, which is OK given its current industry classification. Fortis Inc has a current ratio of 0.61, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Fortis until it has trouble settling it off, either with new capital or with free cash flow. So, Fortis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortis Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortis to invest in growth at high rates of return. When we think about Fortis' use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(185.25 Million)
Fortis Inc (FTS) is traded on New York Stock Exchange in USA. It is located in Fortis Place, St. John's, NF, Canada, A1E 0E4 and employs 9,598 people. Fortis is listed under Electric Utilities category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 19.23 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortis's market, we take the total number of its shares issued and multiply it by Fortis's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Fortis Inc runs under Electric Utilities sector within Utilities industry. The entity has 493 M outstanding shares of which 8.81 M shares are currently shorted by investors with about 6.77 days to cover. Fortis Inc has about 395 M in cash with 3.54 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82.
Check Fortis Probability Of Bankruptcy
Ownership Allocation
Fortis Inc retains a total of 493 Million outstanding shares. Over half of Fortis' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Fortis. Please watch out for any change in the institutional holdings of Fortis Inc as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Fortis Ownership Details

Fortis Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Fortis jumping above the current price in 90 days from now is about 51.19%. The Fortis Inc probability density function shows the probability of Fortis stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Fortis has a beta of 0.9411. This usually indicates Fortis Inc market returns are related to returns on the market. As the market goes up or down, Fortis is expected to follow. Additionally, fortis Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 39.1HorizonTargetOdds Above 39.1
48.19%90 days
 39.10 
51.19%
Based on a normal probability distribution, the odds of Fortis to move above the current price in 90 days from now is about 51.19 (This Fortis Inc probability density function shows the probability of Fortis Stock to fall within a particular range of prices over 90 days) .

Fortis Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Fortis that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Fortis' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Fortis' value.
InstituionRecorded OnShares
Bank Of Nova Scotia2023-12-31
7.2 M
Legal & General Group Plc2023-12-31
6.9 M
Cibc World Markets Inc.2023-12-31
6.6 M
Connor Clark & Lunn Inv Mgmt Ltd2023-12-31
5.3 M
Goldman Sachs Group Inc2023-12-31
5.3 M
Td Waterhouse Canada Inc2023-12-31
3.8 M
Public Sector Pension Investment Board0031-12-31
3.4 M
Cibc Global Asset Management Inc2023-12-31
3.2 M
Norges Bank2023-12-31
2.9 M
Royal Bank Of Canada2023-12-31
32.2 M
Bank Of Montreal2023-12-31
27.3 M
View Fortis Diagnostics

Fortis Historical Income Statement

Fortis Inc Income Statement is one of the three primary financial statements used for reporting Fortis's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Fortis Inc revenue and expense. Fortis Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Fortis' Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 4.9 B in 2024, whereas Tax Provision is likely to drop slightly above 293.3 M in 2024. View More Fundamentals

Fortis Stock Against Markets

Picking the right benchmark for Fortis stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fortis stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fortis is critical whether you are bullish or bearish towards Fortis Inc at a given time. Please also check how Fortis' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fortis without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Stock Screener Now

   

Stock Screener

Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
All  Next Launch Module

Fortis Corporate Directors

Fortis corporate directors refer to members of a Fortis board of directors. The board of directors generally takes responsibility for the Fortis' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Fortis' board members must vote for the resolution. The Fortis board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Julie DobsonIndependent DirectorProfile
Lawrence BorgardIndependent DirectorProfile
Joseph WelchNon - Independent DirectorProfile
Jo ZurelIndependent DirectorProfile

How to buy Fortis Stock?

Before investing in Fortis, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fortis. To buy Fortis stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fortis. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Fortis stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Fortis Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Fortis Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Fortis Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Fortis Stock please use our How to Invest in Fortis guide.

Already Invested in Fortis Inc?

The danger of trading Fortis Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fortis is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fortis. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fortis Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Fortis Inc is a strong investment it is important to analyze Fortis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortis' future performance. For an informed investment choice regarding Fortis Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Fortis Stock analysis

When running Fortis' price analysis, check to measure Fortis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortis is operating at the current time. Most of Fortis' value examination focuses on studying past and present price action to predict the probability of Fortis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis' price. Additionally, you may evaluate how the addition of Fortis to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Is Fortis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortis. If investors know Fortis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.013
Dividend Share
2.285
Earnings Share
2.25
Revenue Per Share
23.683
Quarterly Revenue Growth
(0.09)
The market value of Fortis Inc is measured differently than its book value, which is the value of Fortis that is recorded on the company's balance sheet. Investors also form their own opinion of Fortis' value that differs from its market value or its book value, called intrinsic value, which is Fortis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortis' market value can be influenced by many factors that don't directly affect Fortis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.