Symbols / FTS Stock $56.50 +0.37% Fortis Inc.

Utilities • Utilities - Regulated Electric • Canada • NYQ
FTS (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Utilities
Industry Utilities - Regulated Electric
CEO Mr. David Gerard Hutchens
Exch · Country NYQ · Canada
Market Cap 28.77B
Enterprise Value 66.68B
Income 1.71B
Sales 12.17B
FCF (ttm) -2.63B
Book/sh 31.97
Cash/sh 0.72
Employees 9,926
Insider 10d —
IPO Jan 05, 2010
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 73.09%
P/E 22.78
Forward P/E 19.92
PEG 2.89
P/S 2.36
P/B 1.77
P/C —
EV/EBITDA 11.85
EV/Sales 5.48
Quick Ratio 0.25
Current Ratio 0.51
Debt/Eq 134.11
LT Debt/Eq —
EPS (ttm) 2.48
EPS next Y 2.84
EPS Growth 5.00%
Revenue Growth 4.40%
EPS Gr Q/Q 7.00%
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-12
ROA 3.01%
ROE 7.58%
ROIC —
Gross Margin 45.60%
Oper. Margin 28.90%
Profit Margin 14.78%
Shs Outstand 509.13M
Shs Float 505.99M
Insider Own 0.21%
Instit Own 55.67%
Short Float —
Short Ratio 10.09
Short Interest 7.09M
52W High 58.78
vs 52W High -3.88%
52W Low 45.87
vs 52W Low 23.17%
Beta 0.44
Impl. Vol. 35.33%
Rel Volume 0.57
Avg Volume 846.74K
Volume 486.05K
Target (mean) $61.00
Tgt Median $61.00
Tgt Low $51.00
Tgt High $71.00
# Analysts 2
Recom Hold
Prev Close $56.29
Price $56.50
Change 0.37%
About

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$61.00
Mean price target
2. Current target
$56.50
Latest analyst target
3. DCF / Fair value
$-93.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$56.50
Low
$51.00
High
$71.00
Mean
$61.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-28 init Barclays — → Overweight $62
2025-05-08 main RBC Capital Sector Perform → Sector Perform $72
2023-08-24 main Credit Suisse Neutral → Neutral $61
2023-08-03 main Raymond James Outperform → Outperform $62
2023-03-24 reit RBC Capital — → Sector Perform $65
2022-10-19 up Raymond James Market Perform → Outperform $58
2022-07-27 down Edward Jones Buy → Hold —
2022-01-07 down Scotiabank Sector Outperform → Sector Perform —
2021-10-19 down Wolfe Research Peer Perform → Underperform —
2021-06-01 down BMO Capital Outperform → Market Perform $57
2020-06-05 main UBS — → Buy $62
2020-02-14 main Wells Fargo — → Overweight $64
2020-01-30 down CIBC Outperformer → Neutral —
2019-11-22 reit Wells Fargo — → Outperform $59
2019-08-22 down CIBC Outperformer → Neutral —
2019-01-29 down TD Securities Buy → Hold —
2018-05-02 init UBS — → Buy —
2017-02-27 init JP Morgan — → Neutral —
News
RSS: Latest FTS news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 Ball, Tracey Colleen Director of Issuer — 165 $55.77 $9,201
2026-04-01 Blouin, Pierre J Director of Issuer — 148 $55.77 $8,253
2026-04-01 Dobson (Julie A) Director of Issuer — 290 $55.74 $16,163
2026-04-01 Durocher (Lisa) Director of Issuer — 148 $55.77 $8,253
2026-03-23 Tanner (Krista K.) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) — 0 — —
2026-03-02 McCarthy (Karen) Senior Officer of Issuer — 31 $57.06 $1,768
2026-03-02 McCarthy (Karen) Senior Officer of Issuer — 1 $55.92 $55
2026-03-02 O Dea, Regan Senior Officer of Issuer — 648 $57.06 $36,975
2026-03-02 O Dea, Regan Senior Officer of Issuer — 42 $55.92 $2,348
2026-03-02 Perry (Jocelyn H.) Senior Officer of Issuer — 165 $57.06 $9,415
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
12,170.00
+5.75%
11,508.00
-0.08%
11,517.00
+4.29%
11,043.00
Operating Revenue
11,900.00
+5.84%
11,243.00
+0.72%
11,163.00
+2.30%
10,912.00
Cost Of Revenue
3,371.00
+3.76%
3,249.00
-13.84%
3,771.00
-4.58%
3,952.00
Reconciled Cost Of Revenue
3,371.00
+3.76%
3,249.00
-13.84%
3,771.00
-4.58%
3,952.00
Gross Profit
8,799.00
+6.54%
8,259.00
+6.62%
7,746.00
+9.24%
7,091.00
Operating Expense
5,307.00
+6.85%
4,967.00
+6.54%
4,662.00
+7.15%
4,351.00
Other Operating Expenses
3,250.00
+6.91%
3,040.00
+5.23%
2,889.00
+7.68%
2,683.00
Total Expenses
8,678.00
+5.62%
8,216.00
-2.57%
8,433.00
+1.57%
8,303.00
Operating Income
3,492.00
+6.08%
3,292.00
+6.74%
3,084.00
+12.55%
2,740.00
Total Operating Income As Reported
3,492.00
+6.08%
3,292.00
+6.74%
3,084.00
+12.55%
2,740.00
EBITDA
5,889.00
+6.94%
5,507.00
+6.97%
5,148.00
+12.57%
4,573.00
Normalized EBITDA
5,862.00
+6.27%
5,516.00
+7.90%
5,112.00
+10.94%
4,608.00
Reconciled Depreciation
2,057.00
+6.75%
1,927.00
+8.69%
1,773.00
+6.29%
1,668.00
EBIT
3,832.00
+7.04%
3,580.00
+6.07%
3,375.00
+16.18%
2,905.00
Total Unusual Items
27.00
+400.00%
-9.00
-125.00%
36.00
+202.86%
-35.00
Total Unusual Items Excluding Goodwill
27.00
+400.00%
-9.00
-125.00%
36.00
+202.86%
-35.00
Special Income Charges
-32.00
0.00
-100.00%
23.00
0.00
Other Special Charges
—
—
-101.00
-29.49%
-78.00
Net Income
1,799.00
+7.08%
1,680.00
+6.80%
1,573.00
+12.84%
1,394.00
Pretax Income
2,354.00
+8.28%
2,174.00
+5.02%
2,070.00
+14.81%
1,803.00
Net Non Operating Interest Income Expense
-1,435.00
-6.93%
-1,342.00
-9.19%
-1,229.00
-12.65%
-1,091.00
Interest Expense Non Operating
1,478.00
+5.12%
1,406.00
+7.74%
1,305.00
+18.42%
1,102.00
Net Interest Income
-1,435.00
-6.93%
-1,342.00
-9.19%
-1,229.00
-12.65%
-1,091.00
Interest Expense
1,478.00
+5.12%
1,406.00
+7.74%
1,305.00
+18.42%
1,102.00
Interest Income Non Operating
43.00
-32.81%
64.00
-15.79%
76.00
+590.91%
11.00
Interest Income
43.00
-32.81%
64.00
-15.79%
76.00
+590.91%
11.00
Other Income Expense
297.00
+32.59%
224.00
+4.19%
215.00
+39.61%
154.00
Other Non Operating Income Expenses
255.00
+16.44%
219.00
+32.73%
165.00
-12.70%
189.00
Gain On Sale Of Security
59.00
+755.56%
-9.00
-169.23%
13.00
+137.14%
-35.00
Gain On Sale Of Business
-32.00
0.00
-100.00%
23.00
0.00
Tax Provision
393.00
+13.58%
346.00
-3.89%
360.00
+24.57%
289.00
Tax Rate For Calcs
0.00
+4.93%
0.00
-8.53%
0.00
+8.75%
0.00
Tax Effect Of Unusual Items
4.51
+414.79%
-1.43
-122.87%
6.26
+211.86%
-5.60
Net Income Including Noncontrolling Interests
1,961.00
+7.28%
1,828.00
+6.90%
1,710.00
+12.95%
1,514.00
Net Income From Continuing Operation Net Minority Interest
1,799.00
+7.08%
1,680.00
+6.80%
1,573.00
+12.84%
1,394.00
Net Income From Continuing And Discontinued Operation
1,799.00
+7.08%
1,680.00
+6.80%
1,573.00
+12.84%
1,394.00
Net Income Continuous Operations
1,961.00
+7.28%
1,828.00
+6.90%
1,710.00
+12.95%
1,514.00
Minority Interests
-162.00
-9.46%
-148.00
-8.03%
-137.00
-14.17%
-120.00
Normalized Income
1,776.51
+5.27%
1,687.57
+9.35%
1,543.26
+8.42%
1,423.40
Net Income Common Stockholders
1,714.00
+6.72%
1,606.00
+6.64%
1,506.00
+13.23%
1,330.00
Diluted EPS
3.40
+4.94%
3.24
+4.52%
3.10
+11.51%
2.78
Basic EPS
3.40
+4.94%
3.24
+4.52%
3.10
+11.51%
2.78
Basic Average Shares
503.50
+1.72%
495.00
+1.79%
486.30
+1.61%
478.60
Diluted Average Shares
503.70
+1.72%
495.20
+1.79%
486.50
+1.57%
479.00
Diluted NI Availto Com Stockholders
1,714.00
+6.72%
1,606.00
+6.64%
1,506.00
+13.23%
1,330.00
Average Dilution Earnings
0.00
0.00
0.00
0.00
Depreciation Amortization Depletion Income Statement
2,057.00
+6.75%
1,927.00
+8.69%
1,773.00
+6.29%
1,668.00
Depreciation And Amortization In Income Statement
2,057.00
+6.75%
1,927.00
+8.69%
1,773.00
+6.29%
1,668.00
Earnings From Equity Interest
15.00
+7.14%
14.00
+0.00%
14.00
-82.05%
78.00
Preferred Stock Dividends
85.00
+14.86%
74.00
+10.45%
67.00
+4.69%
64.00
Line Item Trend 2023-12-31
Total Assets
65,920.00
Current Assets
4,025.00
Cash Cash Equivalents And Short Term Investments
625.00
Cash And Cash Equivalents
625.00
Receivables
1,627.00
Accounts Receivable
890.00
Gross Accounts Receivable
—
Receivables Adjustments Allowances
-68.00
Other Receivables
—
Taxes Receivable
78.00
Inventory
566.00
Prepaid Assets
150.00
Other Current Assets
1,057.00
Total Non Current Assets
61,895.00
Net PPE
43,436.00
Gross PPE
58,374.00
Accumulated Depreciation
-14,938.00
Construction In Progress
2,581.00
Other Properties
4,930.00
Goodwill And Other Intangible Assets
13,694.00
Goodwill
12,184.00
Other Intangible Assets
1,510.00
Investments And Advances
417.00
Long Term Equity Investment
237.00
Other Investments
180.00
Non Current Deferred Assets
22.00
Other Non Current Assets
293.00
Total Liabilities Net Minority Interest
42,588.00
Current Liabilities
5,964.00
Payables And Accrued Expenses
2,334.00
Payables
2,060.00
Accounts Payable
990.00
Other Payable
507.00
Dividends Payable
295.00
Current Accrued Expenses
274.00
Employee Benefits
609.00
Pensionand Other Post Retirement Benefit Plans Current
28.00
Total Tax Payable
268.00
Income Tax Payable
0.00
Current Debt And Capital Lease Obligation
2,415.00
Current Debt
2,415.00
Other Current Borrowings
2,296.00
Current Deferred Liabilities
263.00
Current Deferred Revenue
263.00
Other Current Liabilities
924.00
Total Non Current Liabilities Net Minority Interest
36,624.00
Long Term Debt And Capital Lease Obligation
27,613.00
Long Term Debt
27,235.00
Long Term Capital Lease Obligation
378.00
Long Term Provisions
287.00
Defined Pension Benefit
472.00
Non Current Pension And Other Postretirement Benefit Plans
527.00
Non Current Deferred Liabilities
4,621.00
Non Current Deferred Revenue
168.00
Non Current Deferred Taxes Liabilities
4,399.00
Other Non Current Liabilities
65.00
Stockholders Equity
21,505.00
Common Stock Equity
19,882.00
Capital Stock
16,731.00
Common Stock
15,108.00
Preferred Stock
1,623.00
Share Issued
490.59
Ordinary Shares Number
490.59
Treasury Shares Number
0.00
Additional Paid In Capital
9.00
Retained Earnings
4,112.00
Gains Losses Not Affecting Retained Earnings
653.00
Minority Interest
1,827.00
Other Equity Adjustments
653.00
Total Equity Gross Minority Interest
23,332.00
Total Capitalization
48,740.00
Working Capital
-1,939.00
Invested Capital
49,532.00
Total Debt
30,028.00
Net Debt
29,025.00
Capital Lease Obligations
378.00
Net Tangible Assets
7,811.00
Tangible Book Value
6,188.00
Current Provisions
—
Derivative Product Liabilities
48.00
Financial Assets
43.00
Interest Payable
274.00
Investmentsin Associatesat Cost
237.00
Line Of Credit
119.00
Other Inventories
96.00
Preferred Shares Number
66.20
Preferred Stock Equity
1,623.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
4,062.00
+4.64%
3,882.00
+9.51%
3,545.00
+15.32%
3,074.00
Cash Flow From Continuing Operating Activities
4,062.00
+4.64%
3,882.00
+9.51%
3,545.00
+15.32%
3,074.00
Net Income From Continuing Operations
1,961.00
+7.28%
1,828.00
+6.90%
1,710.00
+12.95%
1,514.00
Depreciation Amortization Depletion
2,057.00
+6.75%
1,927.00
+8.69%
1,773.00
+6.29%
1,668.00
Depreciation
1,810.00
+6.78%
1,695.00
+9.92%
1,542.00
+5.62%
1,460.00
Amortization Cash Flow
247.00
+6.47%
232.00
+0.43%
231.00
+11.06%
208.00
Depreciation And Amortization
2,057.00
+6.75%
1,927.00
+8.69%
1,773.00
+6.29%
1,668.00
Amortization Of Intangibles
247.00
+6.47%
232.00
+0.43%
231.00
+11.06%
208.00
Other Non Cash Items
-68.00
+29.17%
-96.00
-231.03%
-29.00
-207.41%
27.00
Deferred Tax
315.00
+104.55%
154.00
-43.38%
272.00
+49.45%
182.00
Deferred Income Tax
315.00
+104.55%
154.00
-43.38%
272.00
+49.45%
182.00
Change In Working Capital
-203.00
-394.20%
69.00
+138.12%
-181.00
+42.90%
-317.00
Change In Receivables
-52.00
-2500.00%
-2.00
-101.41%
142.00
+129.65%
-479.00
Changes In Account Receivables
-52.00
-2500.00%
-2.00
-101.41%
142.00
+129.65%
-479.00
Change In Inventory
-45.00
+38.36%
-73.00
-7200.00%
-1.00
+99.35%
-153.00
Change In Prepaid Assets
-12.00
+42.86%
-21.00
-200.00%
-7.00
+68.18%
-22.00
Change In Payables And Accrued Expense
195.00
+69.57%
115.00
+129.49%
-390.00
-186.86%
449.00
Change In Payable
195.00
+69.57%
115.00
+129.49%
-390.00
-186.86%
449.00
Change In Account Payable
195.00
+69.57%
115.00
+129.49%
-390.00
-186.86%
449.00
Change In Other Working Capital
-85.00
+14.14%
-99.00
+1.00%
-100.00
-161.73%
162.00
Change In Other Current Assets
-94.00
-201.08%
93.00
-10.58%
104.00
+133.88%
-307.00
Change In Other Current Liabilities
-110.00
-296.43%
56.00
-21.13%
71.00
+115.15%
33.00
Investing Cash Flow
-5,357.00
+0.70%
-5,395.00
-44.17%
-3,742.00
+7.81%
-4,059.00
Cash Flow From Continuing Investing Activities
-5,357.00
+0.70%
-5,395.00
-44.17%
-3,742.00
+7.81%
-4,059.00
Net PPE Purchase And Sale
-5,942.00
-18.56%
-5,012.00
-25.74%
-3,986.00
-11.12%
-3,587.00
Purchase Of PPE
-5,942.00
-18.56%
-5,012.00
-25.74%
-3,986.00
-11.12%
-3,587.00
Capital Expenditure
-6,234.00
-19.47%
-5,218.00
-25.16%
-4,169.00
-7.87%
-3,865.00
Net Business Purchase And Sale
452.00
0.00
-100.00%
430.00
+530.00%
-100.00
Purchase Of Business
-27.00
0.00
+100.00%
-24.00
+76.00%
-100.00
Net Intangibles Purchase And Sale
-292.00
-41.75%
-206.00
-12.57%
-183.00
+34.17%
-278.00
Purchase Of Intangibles
-292.00
-41.75%
-206.00
-12.57%
-183.00
+34.17%
-278.00
Financing Cash Flow
1,461.00
+37.31%
1,064.00
+73.57%
613.00
-40.77%
1,035.00
Cash Flow From Continuing Financing Activities
1,461.00
+37.31%
1,064.00
+73.57%
613.00
-40.77%
1,035.00
Net Issuance Payments Of Debt
2,313.00
+18.98%
1,944.00
+37.39%
1,415.00
-20.95%
1,790.00
Issuance Of Debt
13,092.00
+11.50%
11,742.00
+17.10%
10,027.00
+3.18%
9,718.00
Repayment Of Debt
-11,164.00
-14.23%
-9,773.00
-15.17%
-8,486.00
-7.32%
-7,907.00
Long Term Debt Issuance
13,092.00
+11.50%
11,742.00
+17.10%
10,027.00
+3.18%
9,718.00
Long Term Debt Payments
-11,164.00
-14.23%
-9,773.00
-15.17%
-8,486.00
-7.32%
-7,907.00
Net Long Term Debt Issuance
1,928.00
-2.08%
1,969.00
+27.77%
1,541.00
-14.91%
1,811.00
Short Term Debt Issuance
—
—
—
—
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
385.00
+1640.00%
-25.00
+80.16%
-126.00
-500.00%
-21.00
Net Common Stock Issuance
60.00
+30.43%
46.00
+6.98%
43.00
-18.87%
53.00
Common Stock Dividend Paid
-788.00
-5.91%
-744.00
-6.13%
-701.00
-4.16%
-673.00
Cash Dividends Paid
-873.00
-6.72%
-818.00
-6.51%
-768.00
-4.21%
-737.00
Net Other Financing Charges
-39.00
+63.89%
-108.00
-40.26%
-77.00
-8.45%
-71.00
Changes In Cash
166.00
+136.97%
-449.00
-207.93%
416.00
+732.00%
50.00
Effect Of Exchange Rate Changes
-19.00
-143.18%
44.00
0.00
-100.00%
28.00
Beginning Cash Position
220.00
-64.80%
625.00
+199.04%
209.00
+59.54%
131.00
End Cash Position
367.00
+66.82%
220.00
-64.80%
625.00
+199.04%
209.00
Free Cash Flow
-2,172.00
-62.57%
-1,336.00
-114.10%
-624.00
+21.11%
-791.00
Interest Paid Supplemental Data
1,469.00
+7.94%
1,361.00
+8.45%
1,255.00
+18.73%
1,057.00
Income Tax Paid Supplemental Data
30.00
—
129.00
+63.29%
79.00
Common Stock Issuance
60.00
+30.43%
46.00
+6.98%
43.00
-18.87%
53.00
Issuance Of Capital Stock
60.00
+30.43%
46.00
+6.98%
43.00
-18.87%
53.00
Preferred Stock Dividend Paid
-85.00
-14.86%
-74.00
-10.45%
-67.00
-4.69%
-64.00
Sale Of Business
479.00
0.00
-100.00%
454.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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