Fortis Earnings: Capital Investment Opportunities Extend Growth Outlook
Fortis reported third-quarter operating earnings of CAD 0.92 per share, compared with CAD 0.87 in the same year-ago period.
Fortis Inc FTS
Bulls Say, Bears Say
Bulls
Fortis owns a portfolio of stable rate-regulated utilities in diverse geographies, offering a strong base for consistent earnings and dividend growth.
Bears
Canadian regulators generally set customer rates based on lower allowed returns than in the US.
News
Fortis Inc. Releases Third Quarter 2026 Results, New Five-Year Capital Outlook and 4% Increase in Fourth Quarter Dividend
Advisory: Fortis Inc. to Hold Teleconference and Webcast on November 3 to Discuss Third Quarter 2026 Results and New Five-Year Capital Outlook
Fortis Inc. to Hold Teleconference and Webcast on November 3 to Discuss Third Quarter 2026 Results and New Five-Year Capital Outlook
Fortis Inc. Announces Pricing of Fixed-to-Fixed Rate Junior Subordinated Notes
Fortis 2Q Earnings Rise on Higher Base Rates, Electricity Sales
Central Hudson Gas & Electric, JCP&L Issue Outage Updates
Fortis Quarterly Earnings Up Slightly
Fortis on Track for Record High Close — Data Talk
Trading Information
- Previous Close Price
- CA$84.43
- Day Range
- CA$84.20–85.57
- 52-Week Range
- CA$69.06–86.35
- Bid/Ask
- CA$84.95 / CA$85.24
- Shares Outstanding
- 515.80M
- Market Cap
- CA$43.89B
- Volume/Avg
- 2M / 2M
Key Statistics
- Price/Earnings (Normalized)
- 23.70
- Price/Sales
- 3.46
- Dividend Yield (Trailing)
- 3.01%
- Dividend Yield (Forward)
- 3.13%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 3.01%
Company Profile
Fortis owns and operates eight transmission and distribution utility subsidiaries in Canada and the United States, serving 3.5 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Stock Style Box
- Large Value
- Total Number of Employees
- 9,900
- Website
- https://www.fortisinc.com
Competitors
Valuation
Metric | FTS | H | AEP |
|---|---|---|---|
Price/Earnings (Normalized) | 23.70 | 24.46 | 20.78 |
Price/Book Value | 1.81 | 2.60 | 2.15 |
Price/Sales | 3.46 | 3.54 | 2.99 |
Price/Cash Flow | 9.73 | 12.57 | 9.29 |
Price/Earnings
FTS
H
AEP
Financial Strength
Metric | FTS | H | AEP |
|---|---|---|---|
Quick Ratio | 0.47 | 0.64 | 0.29 |
Current Ratio | 0.69 | 0.69 | 0.51 |
Interest Coverage | 2.55 | 3.25 | 2.63 |
Quick Ratio
FTS
H
AEP
Profitability
Metric | FTS | H | AEP |
|---|---|---|---|
Return on Assets (Normalized) | 2.69% | 3.81% | 2.99% |
Return on Equity (Normalized) | 9.00% | 11.92% | 11.14% |
Return on Invested Capital (Normalized) | 5.31% | 6.62% | 6.63% |
Return on Assets
FTS
H
AEP
Utilities - Regulated Electric Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| NextEra Energy Inc NEE | LOCK|t#jDkF$J | LOCK|v?tF | $179B | |||
| Southern Co SO | LOCK|rC>BkX#H | LOCK|Y?YY | $109B | |||
| Duke Energy Corp DUK | LOCK|?#zz%^# | LOCK|#z>Kd | $101B | |||
| National Grid PLC ADR NGG | LOCK|^xWs$bw | LOCK|<cQ>k | $85B | |||
| American Electric Power Co Inc AEP | LOCK|T#smR<% | LOCK|&@L$ | $70B | |||
| Dominion Energy Inc D | LOCK|<>^?&T | LOCK|KzG& | $60B | |||
| Entergy Corp ETR | LOCK|$%b&?s% | LOCK|%Km!T | $53B | |||
| Xcel Energy Inc XEL | LOCK|M#@Tj&T | LOCK|Mc%hD | $52B | |||
| Exelon Corp EXC | LOCK|J@Y@%>Q | LOCK|&>!DG | $48B | |||
| Consolidated Edison Inc ED | LOCK|?FT!mj! | LOCK|j& | $45B |
United States