Fortis Inc. (FTS.TO) – What Are Brokerages Saying About This Stock?

Fortis Inc. (TSE:FTS) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$79.23.

Several research firms recently commented on FTS. Barclays dropped their target price on Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Desjardins set a C$85.00 target price on shares of Fortis and gave the stock a “buy” rating in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce lowered their target price on Fortis from C$82.00 to C$78.00 in a report on Tuesday, September 22nd.

Fortis Trading Up 0.8%

Shares of TSE:FTS opened at C$81.97 on Monday. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.56 and a quick ratio of 0.36. The business’s 50-day moving average is C$76.79 and its 200 day moving average is C$77.58. Fortis has a 1 year low of C$69.06 and a 1 year high of C$83.75. The firm has a market capitalization of C$41.88 billion, a P/E ratio of 24.11, a P/E/G ratio of 3.01 and a beta of 0.34.

Fortis (TSE:FTS) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.78 EPS for the quarter. Fortis had a return on equity of 7.43% and a net margin of 14.72%. The company had revenue of C$2.93 billion during the quarter. On average, research analysts predict that Fortis will post 3.34 earnings per share for the current fiscal year.

Fortis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.56 annualized dividend and a yield of 3.1%. Fortis’s dividend payout ratio is presently 74.56%.

About Fortis

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.