Fortis Inc (FTS) Insider Sells C$1,557,733.12 in Stock
Fortis Inc (TSE:FTS) insider Nora Duke sold 33,688 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of C$46.24, for a total value of C$1,557,733.12.
Fortis Inc (TSE:FTS) traded up 1.33% during midday trading on Thursday, hitting $46.34. The stock had a trading volume of 1,022,209 shares. The company has a market cap of $19.28 billion and a PE ratio of 22.05. Fortis Inc has a 12-month low of $39.58 and a 12-month high of $46.45. The firm has a 50-day moving average of $44.71 and a 200-day moving average of $42.99.
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A number of brokerages recently commented on FTS. Scotiabank reissued an “outperform” rating and set a C$49.00 price target on shares of Fortis in a research note on Wednesday, May 3rd. CIBC dropped their price target on Fortis from C$48.00 to C$47.00 in a research note on Wednesday, May 3rd. TD Securities reissued a “buy” rating and set a C$48.00 price target on shares of Fortis in a research note on Wednesday, May 3rd. Barclays PLC reissued an “overweight” rating and set a C$48.00 price target on shares of Fortis in a research note on Wednesday, March 29th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a C$44.00 price target on shares of Fortis in a research note on Monday, February 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$48.10.
Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.
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