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Fortis' US Utilities Drive Earnings Growth
Fortis manages regulated electric and gas utilities and independent transmission assets across North America.
Fortis Inc FTS
Bulls Say, Bears Say
Bulls
Fortis operates a stable business profile of regulated operations, offering a strong base for consistent earnings and dividend growth.
Bears
The Canadian regulatory environment offers lower allowed returns than in the US
News
-
Fortis Lays Out Five-Year C$26 Billion Capital Plan, Growth Outlook
-
Fortis Inc. Announces New $26 Billion Five Year Capital Outlook and 4% Increase in Fourth Quarter Dividend
-
Fortis Inc. Provides Standby Commitment to Caribbean Utilities Company, Ltd.
-
Fortis 2Q Profit Rises
-
Fortis Inc. Releases Second Quarter 2024 Results and 2024 Sustainability Report
-
Fortis Inc. Announces Third Quarter Dividends – 2024
-
Advisory: Fortis Inc. to Hold Teleconference on July 31 to Discuss Second Quarter 2024 Results
-
Fortis 1Q Profit Rises
Trading Information
- Previous Close Price
- CAD 60.86
- Day Range
- CAD 60.15–60.60
- 52-Week Range
- CAD 51.02–62.29
- Bid/Ask
- CAD 60.20 / CAD 60.52
- Market Cap
- CAD 29.88 Bil
- Volume/Avg
- 912,212 / 1.6 Mil
Key Statistics
- Price/Earnings (Normalized)
- 19.09
- Price/Sales
- 2.60
- Dividend Yield (Trailing)
- 3.91%
- Dividend Yield (Forward)
- 4.08%
- Total Yield
- 3.91%
Company Profile
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Stock Style Box
- Large Value
- Total Number of Employees
- 9,600
- Website
- https://www.fortisinc.com
Competitors
Valuation
|
Metric
|
FTS
|
AEP
|
H
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.09 | 18.17 | 23.87 |
Price/Book Value | 1.41 | 2.04 | 2.25 |
Price/Sales | 2.60 | 2.71 | 3.30 |
Price/Cash Flow | 7.75 | 8.28 | 12.00 |
Price/Earnings
FTS
AEP
H
Financial Strength
|
Metric
|
FTS
|
AEP
|
H
|
|---|---|---|---|
Quick Ratio | 0.41 | 0.32 | 0.36 |
Current Ratio | 0.69 | 0.65 | 0.40 |
Interest Coverage | 2.55 | 2.34 | 3.12 |
Quick Ratio
FTS
AEP
H
Profitability
|
Metric
|
FTS
|
AEP
|
H
|
|---|---|---|---|
Return on Assets (Normalized) | 2.33% | 2.79% | 3.70% |
Return on Equity (Normalized) | 7.65% | 10.73% | 10.46% |
Return on Invested Capital (Normalized) | 4.80% | 6.00% | 6.28% |
Return on Assets
FTS
AEP
H
Utilities - Regulated Electric Industry Comparables
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1-Day Chart
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United States