Fortis (FTS) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Fortis (TSE: FTS):

• 2/18/2025 – Fortis had its price target raised by analysts at CIBC from C$64.00 to C$65.00.
• 2/18/2025 – Fortis had its price target raised by analysts at Raymond James from C$61.00 to C$62.50.
• 2/18/2025 – Fortis had its price target raised by analysts at Royal Bank of Canada from C$65.00 to C$69.00.
• 2/13/2025 – Fortis had its price target raised by analysts at Scotiabank from C$63.00 to C$66.00. They now have a “sector perform” rating on the stock.
• 2/13/2025 – Fortis was given a new C$67.00 price target on by analysts at Jefferies Financial Group Inc.. They now have a “hold” rating on the stock.
• 1/8/2025 – Fortis had its price target raised by analysts at CIBC from C$63.00 to C$64.00. They now have a “neutral” rating on the stock.

Fortis Stock Up 0.7 %

Shares of FTS traded up C$0.41 on Tuesday, reaching C$63.15. The company’s stock had a trading volume of 64,733 shares, compared to its average volume of 1,693,609. The stock has a market capitalization of C$31.24 billion, a PE ratio of 18.74, a PEG ratio of 3.01 and a beta of 0.23. The firm has a fifty day moving average of C$60.93 and a 200-day moving average of C$60.82. Fortis Inc. has a twelve month low of C$51.02 and a twelve month high of C$64.39. The company has a current ratio of 0.74, a quick ratio of 0.36 and a debt-to-equity ratio of 142.31.

Fortis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 16th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 3.90%. Fortis’s dividend payout ratio is currently 73.02%.

Insider Activity at Fortis

In related news, Senior Officer Jocelyn Perry sold 11,809 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of C$63.19, for a total transaction of C$746,178.83. 0.04% of the stock is owned by insiders.

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.