Fortis' Tilbury Expansion Supports Additional Growth in British Columbia
Fortis manages regulated electric and gas utilities and independent transmission assets across the US and Canada.
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 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
-
Fortis Quarterly Earnings Lifted by Base Rate Growth Across Its Utilities
-
Fortis Raises Dividend, Lays Out Expanded Capital Plan After Rise in Quarterly Revenue
-
Fortis on Track for Record High Close — Data Talk
Trading Information
- Previous Close Price
- CA$75.17
- Day Range
- CA$74.36–75.27
- 52-Week Range
- CA$69.06–83.75
- Bid/Ask
- CA$74.85 / CA$75.40
- Shares Outstanding
- 510.90M
- Market Cap
- CA$38.35B
- Volume/Avg
- 888,380 / 1M
Key Statistics
- Price/Earnings (Normalized)
- 21.57
- Price/Sales
- 3.08
- Dividend Yield (Trailing)
- 3.41%
- Dividend Yield (Forward)
- 3.41%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 3.41%
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
|
AEP
|
H
|
|---|---|---|---|
Price/Earnings (Normalized) | 21.57 | 19.98 | 21.63 |
Price/Book Value | 1.62 | 2.03 | 2.36 |
Price/Sales | 3.08 | 2.86 | 3.22 |
Price/Cash Flow | 8.77 | 8.91 | 11.14 |
Price/Earnings
FTS
AEP
H
Financial Strength
|
Metric
|
FTS
|
AEP
|
H
|
|---|---|---|---|
Quick Ratio | 0.30 | 0.28 | 0.81 |
Current Ratio | 0.56 | 0.50 | 0.88 |
Interest Coverage | 2.54 | 2.61 | 3.31 |
Quick Ratio
FTS
AEP
H
Profitability
|
Metric
|
FTS
|
AEP
|
H
|
|---|---|---|---|
Return on Assets (Normalized) | 2.66% | 2.92% | 3.87% |
Return on Equity (Normalized) | 8.87% | 10.77% | 12.03% |
Return on Invested Capital (Normalized) | 5.27% | 6.47% | 6.66% |
Return on Assets
FTS
AEP
H
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|sSSwRmR | LOCK|X>Gj& | $159B | |||
| Southern Co
SO
| LOCK|#&Dw%T> | LOCK|YQ%n^ | $96B | |||
| Duke Energy Corp
DUK
| LOCK|^&<!@Lv | LOCK|!cc?? | $89B | |||
| National Grid PLC ADR
NGG
| LOCK|Fdc@%<? | LOCK|?W!D | $76B | |||
| American Electric Power Co Inc
AEP
| LOCK|Y<!Zwgg | LOCK|K$??V | $65B | |||
| Dominion Energy Inc
D
| LOCK|xc@wXH | LOCK|SJ%f | $53B | |||
| Entergy Corp
ETR
| LOCK|>>pY?^ | LOCK|KBZf | $48B | |||
| Xcel Energy Inc
XEL
| LOCK|Hj^W>? | LOCK|<HWZ& | $44B | |||
| Exelon Corp
EXC
| LOCK|$rSSjRs | LOCK|>KN#L | $42B | |||
| Consolidated Edison Inc
ED
| LOCK|!M>?$q@ | LOCK|Ch | $38B |
United States