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Fortis Inc (FTS)

US · Utilities · Utilities - Regulated Electric

$60.10-1.77%
Last close · 2026-11-06

Latest quarter · ended 2026-09-30

Revenue
$3.02B
Revenue YoY
+2.9%
Net profit
$483.0M
Profit YoY
+12.1%
EPS
$0.66
EPS estimate
$0.63
Net margin
16.0%

EPS came in at 0.66 against a street estimate of 0.63 — a beat of 4.8%.

Key statistics

Market cap
$30.51B
P/E
23.5
Forward P/E
21.6
P/B
1.79
Book value
$32.04
EPS (TTM)
$2.54
Dividend yield
4.19%
52-week high
$60.98
52-week low
$48.77
50-day MA
$54.92
200-day MA
$55.99
Beta
0.43

Analyst view

Analysts rate Fortis Inc a hold (6 buy, 7 hold, 2 sell out of 15) with an average price target of $53.00.

From the latest earnings call · 2026-07-31

CONFIDENT FTS delivered Q2 EPS of $0.78, invested $2.7B YTD, and secured major Tilbury LNG expansion (1B CAD in rate base). Maintains 7% rate base growth and 4–6% dividend growth through 2030. Q2 2026 BC Tilbury 1B expansion is portfolio flagship; Arizona data center load creating USD 1.5–2B opportunity; Midwest transmission projects (USD 3.3–3.8B) progressing. Analysts probed Tilbury timeline (unfirmed), Arizona political risk post-primary (management unconcerned—3 known commissioners remain), and ITC data center pipeline acceleration. Management deferred capex profiles to Q3 refresh, emphasized disciplined balance sheet management, and reiterated zero cost-shift discipline on large loads. 2026-07-31…

Full summary in the app.

Shareholding

Insiders
0.20%
Institutions
59.84%

Largest institutional holders

FundStake
Royal Bank of Canada6.78%
Bank of Montreal4.82%
BMO Capital Markets Corp.4.82%
Fidelity International Ltd3.47%
Vanguard Capital Management, LLC3.01%
TD Asset Management Inc1.91%
TD Waterhouse Canada Inc1.85%
Scotia Capital Inc1.81%

Recent filings & reports

DocumentDate
Quarterly results (6-K) · Q3 2026
OTHER NOTABLE POINTS • Fortis Inc. filed a Form 6-K for November 2026 with the U.S. Securities and Exchange Commission. • The filing includes the co
2026-11-03
Quarterly results (6-K) · Q3 2026
HEADLINE NUMBERS • Third-quarter 2026 revenue was $3,115 million, up from $2,938 million in the third quarter of 2025. • Third-quarter net earnings
2026-11-03
Current report (6-K) · Q4 2026
HEADLINE NUMBERS • The filing is a Form 6-K from Fortis Inc., dated October 5, 2026. • The document itself contains no financial results, operating
2026-10-05
Current report (6-K) · Q3 2026
HEADLINE NUMBERS • Fortis Inc. established a new series of 6.875% fixed-to-fixed rate junior subordinated notes due 2057. • $500,000,000 aggregate p
2026-09-21
Current report (6-K) · Q3 2026
HEADLINE NUMBERS • Fortis proposes to issue US$1,000,000,000 of junior subordinated notes due 2057. • The offering consists of: • US$500,000,000 o
2026-09-10
Current report (6-K) · Q3 2026
HEADLINE NUMBERS • This Form 6-K announces a Fortis Inc. press release dated September 9, 2026. • The filing is for the month of September 2026. •
2026-09-10
Quarterly results (6-K) · Q2 2026
HEADLINE NUMBERS • The document is a Form 6-K filing by Fortis Inc. for July 2026. • It includes Fortis’s investor presentation for its Q2 2026 earn
2026-07-31
Quarterly results (6-K) · Q1 2026
HEADLINE NUMBERS • The document is a Form 6-K filing by Fortis Inc. for May 2026. • It references Fortis’s investor presentation for the first-quart
2026-05-06

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Corporate actions

ActionDetailDate
Dividend$0.48 / share
ex-date Nov 17, 2026 · pay Dec 1, 2026
2026-11-17
Dividend$0.46 / share
ex-date Aug 19, 2026 · pay Sep 1, 2026
2026-08-19
Dividend$0.47 / share
ex-date May 15, 2026 · pay Jun 1, 2026
2026-05-15
Dividend$0.47 / share
ex-date Feb 17, 2026 · pay Mar 1, 2026
2026-02-17
Dividend$0.45 / share
ex-date Nov 17, 2025 · pay Dec 1, 2025
2025-11-17

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Data updated 2026-11-07.