Fortis Inc Stock Today
| FTS Stock | CAD 53.65 0.28 0.52% |
Performance2 of 100
| Odds Of DistressLess than 11
|
Fortis is selling at 53.65 as of the 25th of April 2024; that is 0.52 percent increase since the beginning of the trading day. The stock's open price was 53.37. Fortis has less than a 11 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Fortis Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of May 2022 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Utilities |
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 7.4 M shares are currently shorted by private and institutional investors with about 6.09 days to cover all short positions. 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 |
| CEO | Barry Perry | ||||
| Business Concentration | Electric Utilities, Utilities - Regulated Electric, Utilities, Utilities, Electric Utilities, Utilities—Regulated Electric, Utilities (View all Sectors) | ||||
| Excise Tax Activities | Coal | ||||
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.
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Fortis Inc (FTS) is traded on Toronto Exchange in Canada 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 current market capitalization of 26.31 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 operates under Electric Utilities sector and is part of Utilities industry. The entity has 493 M outstanding shares of which 7.4 M shares are currently shorted by private and institutional investors with about 6.09 days to cover all short positions.
Fortis Inc has accumulated about 209 M in cash with 3.67 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.71.
Check Fortis Probability Of Bankruptcy
Ownership AllocationFortis 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
Contingent on a normal probability distribution, the odds of Fortis jumping above the current price in 90 days from now is about 16.23%. The Fortis Inc probability density function shows the probability of Fortis stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Fortis has a beta of 0.5037. This usually indicates as returns on the market go up, Fortis average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fortis Inc will be expected to be much smaller as well. 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.
Based on a normal probability distribution, the odds of Fortis to move above the current price in 90 days from now is about 16.23 (This Fortis Inc probability density function shows the probability of Fortis Stock to fall within a particular range of prices over 90 days) .
Fortis Inc Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Fortis market risk premium is the additional return an investor will receive from holding Fortis long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fortis. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Fortis' alpha and beta are two of the key measurements used to evaluate Fortis' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.612 | |||
| Standard Deviation | 0.7707 | |||
| Variance | 0.5939 | |||
| Risk Adjusted Performance | (0) |
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?
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| 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 Dobson | Independent Director | Profile | |
| Lawrence Borgard | Independent Director | Profile | |
| Joseph Welch | Non - Independent Director | Profile | |
| Jo Zurel | Independent Director | Profile |
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 board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.
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