FTS 📈 Fortis - Overview
Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA3495531079
FTS: Electricity, Natural Gas
Fortis Inc. is a diversified electric and gas utility company with operations spanning across Canada, the United States, and the Caribbean. The company's portfolio includes the generation, transmission, and distribution of electricity to a substantial customer base, comprising approximately 447,000 retail customers in southeastern Arizona and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties. This is supported by an aggregate capacity of 3,408 megawatts (MW), which includes 68 MW of solar capacity and 250 MW of wind capacity, underscoring the company's commitment to renewable energy sources.
In addition to its retail customer base, Fortis Inc. also engages in the wholesale sale of electricity to other entities in the western United States, further diversifying its revenue streams. The company's generating capacity is complemented by its ownership of gas-fired and hydroelectric facilities, totaling 65 MW. Moreover, Fortis Inc. distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada, highlighting its significant presence in the gas distribution market.
Fortis Inc.'s operations extend to the ownership and operation of electricity distribution systems serving a sizable customer base, including approximately 592,000 customers in southern and central Alberta. The company also owns four hydroelectric generating facilities with a combined capacity of 225 MW and provides operation, maintenance, and management services to five hydroelectric generating facilities, demonstrating its expertise in hydroelectric power generation. Furthermore, Fortis Inc. 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.
The company's customer base is further expanded by its provision of integrated electric utility services to approximately 69,000 customers in Ontario, approximately 275,000 customers in Newfoundland and Labrador, approximately 34,000 customers on Grand Cayman, Cayman Islands, and approximately 17,000 customers on certain islands in Turks and Caicos. Fortis Inc. also holds long-term contracted generation assets in Belize, consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW, and the Aitken Creek natural gas storage facility, which enhances its position in the regional energy market.
From an infrastructure perspective, Fortis Inc. owns and operates an extensive network of approximately 90,500 circuit kilometers (km) of distribution lines and approximately 51,600 km of natural gas pipelines, facilitating the efficient delivery of electricity and gas to its customers. With a history dating back to 1885, Fortis Inc. is headquartered in St. John's, Canada, and is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol FTS, with its common stock classified under the GICS Sub Industry of Electric Utilities.
Additional Sources for FTS Stock
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
FTS Stock Overview
Market Cap in USD | 22,294m |
Sector | Utilities |
Industry | Utilities - Regulated Electric |
GiC Sub-Industry | Electric Utilities |
IPO / Inception | 2016-01-04 |
FTS Stock Ratings
Growth 5y | 38.7% |
Fundamental | 2.07% |
Dividend | 66.6% |
Rel. Strength Industry | -66.4 |
Analysts | 2.73/5 |
Fair Price Momentum | 41.47 USD |
Fair Price DCF | - |
FTS Dividends
Dividend Yield 12m | 4.17% |
Yield on Cost 5y | 5.13% |
Annual Growth 5y | 4.25% |
Payout Consistency | 96.5% |
FTS Growth Ratios
Growth Correlation 3m | -27.1% |
Growth Correlation 12m | 76.9% |
Growth Correlation 5y | 55.3% |
CAGR 5y | 4.20% |
CAGR/Mean DD 5y | 0.43 |
Sharpe Ratio 12m | 0.22 |
Alpha | -11.01 |
Beta | 0.62 |
Volatility | 20.63% |
Current Volume | 661.4k |
Average Volume 20d | 557.3k |
As of December 21, 2024, the stock is trading at USD 41.72 with a total of 661,400 shares traded.
Over the past week, the price has changed by -1.44%, over one month by -6.67%, over three months by -5.69% and over the past year by +8.58%.
Neither. Based on ValueRay Fundamental Analyses, Fortis is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 2.07 and therefor a neutral outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of FTS as of December 2024 is 41.47. This means that FTS is currently overvalued and has a potential downside of -0.6%.
Fortis has received a consensus analysts rating of 2.73. Therefor, it is recommend to hold FTS.
- Strong Buy: 1
- Buy: 0
- Hold: 10
- Sell: 2
- Strong Sell: 2
According to ValueRays Forecast Model, FTS Fortis will be worth about 44.8 in December 2025. The stock is currently trading at 41.72. This means that the stock has a potential upside of +7.33%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | 43.5 | 4.2% |
Analysts Target Price | 41.4 | -0.7% |
ValueRay Target Price | 44.8 | 7.3% |