(FTS) Fortis - Ratings and Ratios

Fortis Inc. is a leading North American utility company specializing in the generation, transmission, and distribution of electricity and natural gas. The company serves over 3.4 million customers across Canada, the United States, and the Caribbean. Its operations include electricity distribution to 452,000 retail customers in southeastern Arizona, including the Tucson metropolitan area, and natural gas distribution to 1,000,000 customers in British Columbia. Fortis also owns and operates hydroelectric and gas-fired generating facilities with a combined capacity of 225 MW in Alberta and 43 MW in Arizona. Additionally, the company provides electricity to 592,000 customers in southern and central Alberta, 277,000 customers in Newfoundland and Labrador, and 35,000 customers in the Cayman Islands. Its infrastructure includes 91,100 circuit kilometers of distribution lines and 51,700 kilometers of natural gas pipelines.

Fortis Inc. operates in multiple regions, including Ontario, where it serves 70,000 customers, and Prince Edward Island, with a generating capacity of 90 MW. The company also provides electricity to 18,000 customers in Turks and Caicos and owns hydroelectric facilities with a total capacity of 145 MW in Newfoundland and Labrador. Fortis has a long history, dating back to 1885, and is headquartered in St. Johns, Newfoundland and Labrador. The company is listed on the Toronto Stock Exchange under the ticker symbol FTS and is classified under the Electric Utilities sub-industry.

3-Month Forecast: Based on technical and fundamental analysis, Fortis Inc. is expected to maintain its stable performance. The stock is trading at CAD 66.70, with a 20-day moving average of 64.90 and a 50-day moving average of 63.93, indicating a bullish trend. The average true range (ATR) of 1.21 suggests moderate volatility. Fundamentally, the companys market cap of CAD 32,999.94M, P/E ratio of 19.94, and P/B ratio of 1.49 reflect its strong financial position. With a forward P/E of 19.49 and a return on equity (RoE) of 7.06%, Fortis is expected to remain a stable investment with potential for modest growth.

Web URL: https://www.fortisinc.com