Fortis (FTS.TO) Stock Price

Fortis Price

TSX·CLOSED
78.45CAD-0.40 (-0.51 %)
Market closed

Revenue has compounded at 11.8% per year over the past 19 years to 12.17 B CAD. Earnings per share have grown at 6.3% per year over the last 19 years. Fortis's net margin stands at 14.8%, up from 13.7% several years earlier. Fortis currently offers a dividend yield of about 3.17%. The payout ratio is around 70% of earnings. The dividend has grown at 7.1% per year over the past 19 years. Analysts set a median price target of 79.56 CAD, implying 1.4% above the current price. Of 21 analysts, 9 rate the stock a buy — an overall Hold consensus. The stock trades about 16% above its 52-week low.

Fortis stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Fortis over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Fortis stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Fortis's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Fortis Stock Price History
DateFortis Price
8/6/202678.45 CAD
8/5/202678.85 CAD
8/4/202679.65 CAD
7/31/202679.80 CAD
7/30/202680.55 CAD
7/29/202681.63 CAD
7/27/202682.60 CAD
7/23/202682.53 CAD
7/22/202682.14 CAD
7/21/202681.26 CAD
7/20/202682.00 CAD
7/17/202682.42 CAD
7/16/202682.43 CAD
7/15/202680.81 CAD
7/14/202681.23 CAD
7/13/202681.40 CAD
7/10/202681.23 CAD
7/9/202680.94 CAD
7/8/202681.49 CAD
7/7/202681.67 CAD
7/6/202680.85 CAD
7/3/202681.84 CAD
7/2/202681.64 CAD
6/30/202681.25 CAD
6/29/202682.23 CAD
6/26/202682.57 CAD
6/25/202681.93 CAD
6/24/202681.29 CAD
6/23/202680.55 CAD
6/22/202679.33 CAD
6/19/202679.90 CAD
6/18/202679.72 CAD
6/17/202679.77 CAD
6/16/202680.62 CAD
6/15/202679.62 CAD
6/12/202679.41 CAD
6/11/202679.43 CAD
6/10/202678.75 CAD
6/9/202677.81 CAD
6/8/202676.92 CAD
6/5/202677.64 CAD
6/4/202676.12 CAD
6/3/202676.50 CAD
6/2/202675.99 CAD
6/1/202675.90 CAD
5/29/202676.75 CAD
5/28/202677.68 CAD
5/27/202678.62 CAD
5/26/202678.15 CAD
5/25/202678.02 CAD
5/22/202677.46 CAD
5/21/202677.65 CAD
5/20/202677.30 CAD
5/19/202676.80 CAD
5/15/202675.25 CAD
5/14/202677.41 CAD
5/13/202677.05 CAD
5/12/202677.15 CAD
5/11/202676.89 CAD
5/8/202676.74 CAD
5/7/202676.65 CAD
5/6/202676.62 CAD
5/5/202678.33 CAD
5/4/202677.51 CAD
5/1/202677.74 CAD
4/30/202677.68 CAD
4/29/202676.99 CAD
4/28/202677.28 CAD
4/27/202676.80 CAD
4/24/202677.03 CAD
4/23/202677.49 CAD
4/22/202675.76 CAD
4/21/202676.44 CAD
4/20/202676.96 CAD
4/17/202677.93 CAD
4/16/202677.94 CAD
4/15/202678.15 CAD
4/14/202678.39 CAD
4/13/202678.46 CAD
4/10/202679.72 CAD
4/9/202679.30 CAD
4/8/202679.31 CAD
4/7/202679.58 CAD
4/6/202678.82 CAD
4/2/202679.04 CAD
3/27/202676.99 CAD
3/26/202677.10 CAD
3/25/202676.48 CAD
3/24/202675.84 CAD
3/23/202676.09 CAD
3/20/202675.65 CAD
3/19/202677.22 CAD
3/18/202677.22 CAD
3/17/202679.83 CAD
3/16/202680.15 CAD
3/13/202679.92 CAD
3/12/202679.16 CAD
3/11/202677.92 CAD
3/10/202678.19 CAD
3/9/202678.51 CAD
3/6/202678.53 CAD
3/5/202678.30 CAD
2/26/202677.75 CAD
2/25/202677.97 CAD
2/24/202677.85 CAD
2/23/202678.23 CAD
2/20/202677.00 CAD
2/19/202677.38 CAD
2/18/202677.18 CAD
2/17/202677.71 CAD
2/13/202677.42 CAD
2/12/202676.32 CAD
2/11/202674.20 CAD
2/10/202673.97 CAD
2/9/202673.50 CAD
2/6/202673.83 CAD
2/5/202675.40 CAD
2/4/202674.22 CAD
2/3/202673.77 CAD
2/2/202671.85 CAD
1/30/202672.29 CAD
1/29/202672.33 CAD
1/28/202672.53 CAD
1/27/202672.98 CAD
1/26/202672.25 CAD
1/23/202672.19 CAD
1/22/202672.46 CAD
1/21/202672.28 CAD
1/20/202672.37 CAD
1/19/202672.37 CAD
1/16/202672.23 CAD
1/15/202671.90 CAD
1/14/202672.06 CAD
1/13/202671.25 CAD
1/12/202671.15 CAD
1/9/202671.64 CAD
1/8/202671.71 CAD
1/7/202670.83 CAD
1/6/202671.05 CAD
1/5/202670.43 CAD
1/2/202671.19 CAD
12/31/202571.37 CAD
12/30/202571.39 CAD
12/29/202571.23 CAD
12/24/202570.87 CAD
12/23/202570.87 CAD
12/22/202570.41 CAD
12/19/202570.10 CAD
12/18/202570.88 CAD
12/17/202571.18 CAD
12/16/202570.55 CAD
12/15/202571.05 CAD
12/12/202569.94 CAD
12/11/202569.34 CAD
12/10/202569.08 CAD
12/9/202569.62 CAD
12/8/202570.16 CAD
12/5/202570.82 CAD
12/4/202571.11 CAD
12/3/202571.54 CAD
12/2/202572.36 CAD
12/1/202572.99 CAD
11/28/202573.20 CAD
11/27/202573.22 CAD
11/26/202573.59 CAD
11/25/202573.14 CAD
11/24/202572.56 CAD
11/21/202572.66 CAD
11/20/202572.67 CAD
11/19/202572.18 CAD
11/18/202572.68 CAD
11/17/202573.26 CAD
11/14/202573.35 CAD
11/13/202573.51 CAD
11/12/202573.74 CAD
11/11/202572.64 CAD
11/10/202572.06 CAD
11/7/202571.96 CAD
11/6/202572.06 CAD
11/5/202571.30 CAD
11/4/202570.86 CAD
11/3/202569.99 CAD
10/31/202570.52 CAD
10/30/202570.66 CAD
10/29/202569.66 CAD
10/28/202570.78 CAD
10/27/202571.54 CAD
10/24/202571.96 CAD
10/23/202572.26 CAD
10/22/202573.14 CAD
10/21/202572.42 CAD
10/20/202572.43 CAD
10/17/202572.47 CAD
10/16/202572.12 CAD
10/15/202572.16 CAD
10/14/202571.58 CAD
10/10/202571.46 CAD
10/9/202570.18 CAD
10/8/202570.07 CAD
10/7/202570.27 CAD
10/6/202570.32 CAD
10/3/202570.14 CAD
10/2/202570.08 CAD
10/1/202570.29 CAD
9/30/202570.60 CAD
9/28/202569.72 CAD
9/25/202569.19 CAD
9/24/202569.01 CAD
9/23/202568.21 CAD
9/22/202567.98 CAD
9/19/202567.93 CAD
9/18/202567.38 CAD
9/17/202567.52 CAD
9/16/202567.39 CAD
9/15/202567.97 CAD
9/12/202568.26 CAD
9/11/202568.00 CAD
9/10/202567.94 CAD
9/9/202567.88 CAD
9/8/202567.59 CAD
9/5/202568.18 CAD
9/4/202568.71 CAD
9/3/202568.17 CAD
9/2/202568.27 CAD
8/29/202568.58 CAD
8/28/202568.21 CAD
8/27/202568.95 CAD
8/26/202569.07 CAD
8/25/202569.59 CAD
8/22/202570.08 CAD
8/21/202570.61 CAD
8/20/202570.65 CAD
8/19/202569.66 CAD
8/18/202569.76 CAD
8/15/202570.05 CAD
8/14/202570.25 CAD
8/13/202569.59 CAD
8/12/202569.63 CAD
8/11/202569.82 CAD
Access this data via the Eulerpool API

Fortis Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
11.52 B CAD
3.08 B CAD
1.57 B CAD
Jan 1, 2024
11.51 B CAD
3.29 B CAD
1.68 B CAD
Jan 1, 2025
12.17 B CAD
3.49 B CAD
1.80 B CAD
Jan 1, 2026 (e)
12.65 B CAD
4.76 B CAD
1.82 B CAD
Jan 1, 2027 (e)
13.46 B CAD
5.06 B CAD
1.95 B CAD
Jan 1, 2028 (e)
14.60 B CAD
5.49 B CAD
2.06 B CAD
Jan 1, 2029 (e)
14.26 B CAD
5.36 B CAD
2.18 B CAD
Jan 1, 2030 (e)
14.87 B CAD
5.59 B CAD
2.32 B CAD

Fortis Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 8, 2026, 11:10 PM
 
REVENUEB CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB CAD
EBITB CAD
EBIT MARGIN%
NET INCOMEB CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
6.736.848.308.398.788.949.4511.0411.5211.5112.1712.6513.4614.6014.2614.87
24.551.6521.401.074.681.735.7416.884.29-0.085.753.986.378.49-2.354.29
34.2237.9944.1243.0043.3944.0542.0639.9242.1745.3572.3072.3072.3072.3072.3072.30
2.302.603.663.613.813.943.974.414.865.228.809.159.7310.5610.3110.75
1.431.622.502.373.042.512.472.743.083.293.494.765.065.495.365.59
21.2423.6230.1228.1934.5928.0726.1324.8126.7828.6128.6937.6037.6137.6037.6037.60
0.810.661.031.171.721.271.291.391.571.681.801.821.952.062.182.32
112.40-18.0155.7613.4247.68-26.021.577.7312.846.807.080.897.225.865.876.24
1.401.531.631.721.831.942.052.172.282.392.492.562.692.82
9.378.577.245.526.406.015.675.855.074.394.203.235.084.83
288.60406.90422.50430.10464.60468.20476.10481.10489.28498.39506.59506.59506.59506.59506.59506.59
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Fortis generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Fortis retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Fortis's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Fortis has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Fortis's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Fortis stock margins

The Fortis margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Fortis. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Fortis.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
42.06 %
26.13 %
13.70 %
Jan 1, 2022
39.92 %
24.81 %
12.62 %
Jan 1, 2023
42.17 %
26.78 %
13.66 %
Jan 1, 2024
45.35 %
28.61 %
14.60 %
Jan 1, 2025
72.30 %
28.69 %
14.78 %
Jan 1, 2026 (e)
72.30 %
37.61 %
14.35 %
Jan 1, 2027 (e)
72.30 %
37.61 %
14.46 %
Jan 1, 2028 (e)
72.30 %
37.61 %
14.11 %

Fortis Stock Revenue, EBIT, Earnings per Share

The Fortis earnings per share therefore indicates how much revenue Fortis has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
19.84 CAD
5.19 CAD
2.72 CAD
Jan 1, 2022
22.95 CAD
5.70 CAD
2.90 CAD
Jan 1, 2023
23.54 CAD
6.30 CAD
3.21 CAD
Jan 1, 2024
23.09 CAD
6.61 CAD
3.37 CAD
Jan 1, 2025
24.02 CAD
6.89 CAD
3.55 CAD
Jan 1, 2026 (e)
25.12 CAD
9.39 CAD
3.60 CAD
Jan 1, 2027 (e)
26.72 CAD
9.99 CAD
3.86 CAD
Jan 1, 2028 (e)
28.99 CAD
10.84 CAD
4.09 CAD

Fortis business model & stock analysis

Fortis Inc. is a Canadian energy utility company that operates in the supply of electricity and gas. The company is headquartered in St. John's, Newfoundland and Labrador and is led by Barry V. Perry as President and CEO. The history of Fortis Inc. dates back to 1885 when the St. John's Electric Light Company was founded. Over the following years and decades, there were further acquisitions and mergers of utility companies throughout Canada, including the British Columbia Power Commission and the Maritime Electric Company. Today, Fortis Inc. operates electricity utility companies in Canada, the United States, the Caribbean, and Central America. The company has a broad customer base, serving both residential and commercial customers. Fortis Inc.'s business model is based on providing reliable energy supply through investments in existing infrastructure and expanding their customer base. The company aims to leverage its advantages and expertise in the industry to achieve a stronger presence in the market. Fortis Inc. has four operating segments: electricity, gas, integrated energy supply, and other activities. The electricity segment includes companies that perform electricity generation, transmission, and distribution. The gas segment operates gas supply systems and facilities. The integrated energy supply segment includes companies that are involved in the entire energy chain, from generation to consumption billing. The other activities segment includes financial services and real estate activities. Fortis Inc. offers various products, including electricity, gas, and energy efficiency solutions. The company is actively working on the introduction of clean energy sources that minimize environmental impacts and reduce dependence on fossil fuels. Fortis Inc. is committed to providing reliable and cost-effective services to its customers. The company strives to actively inform and collaborate with its customers and stakeholders to meet their needs and requirements. Overall, Fortis Inc. has established itself as a leading company in the energy industry. With a strong focus on quality, reliability, and commitment to its customers, the company has built a solid foundation for a sustainable and successful future.

Fortis SWOT Analysis

Strengths

Fortis Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong track record of financial performance and stability, which instills confidence in investors and stakeholders. Additionally, Fortis Inc has a diversified portfolio of utility assets across North America, providing a reliable and consistent source of revenue. The company also benefits from a skilled and experienced management team, which guides strategic decision-making and ensures operational efficiency.

Weaknesses

Despite its strengths, Fortis Inc faces certain weaknesses that could hinder its growth potential. One weakness is its dependence on regulatory approvals for rate increases, which can be a time-consuming process and subject to changes in government policies. Another weakness is the company's exposure to fluctuations in energy prices, which can impact profitability. Moreover, Fortis Inc operates in a highly regulated industry, which presents challenges in terms of compliance and adapting to regulatory changes.

Opportunities

Fortis Inc has various opportunities to capitalize on in the market. The growing demand for renewable energy presents an opportunity for the company to expand its clean energy portfolio and cater to environmentally-conscious customers. Additionally, Fortis Inc can explore acquisitions and partnerships to expand its geographic presence and diversify its offerings. Furthermore, advancements in technology offer the potential for operational efficiencies and cost savings, which can enhance the company's competitiveness.

Threats

There are several external threats that Fortis Inc needs to monitor and mitigate. The increasing competition in the utility sector poses a threat to the company's market share and profitability. Economic downturns and financial volatility can also impact consumer spending and affect demand for utility services. Moreover, regulatory changes and shifts in government policies can introduce uncertainties and impact the company's operations. Additionally, natural disasters and extreme weather events can disrupt infrastructure and operations, leading to potential financial losses.

Fortis Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Fortis historical P/E ratio, EBIT multiple, and P/S ratio

Fortis annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Fortis shares outstanding

The number of shares of Fortis was 506.59 M in 2025. This indicates how many shares Fortis is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
476.10 M Stocks
Jan 1, 2022
481.10 M Stocks
Jan 1, 2023
489.28 M Stocks
Jan 1, 2024
498.39 M Stocks
Jan 1, 2025
506.59 M Stocks
Jan 1, 2026 (e)
506.59 M Stocks
Jan 1, 2027 (e)
506.59 M Stocks
Jan 1, 2028 (e)
506.59 M Stocks

Fortis stock splits

In Fortis's history, there have been no stock splits.

Fortis Dividend History

36 years of dividend payments · 19 consecutive increases

YearAnnual DividendYoY ChangePayments
20261.28CADYTD
Feb 17, 20260.64CAD 0.0%1/2
May 15, 20260.64CAD 0.0%2/2
20252.49CAD 4.2%
Feb 18, 20250.62CAD 0.0%1/4
May 16, 20250.62CAD 0.0%2/4
Aug 19, 20250.62CAD 0.0%3/4
Nov 17, 20250.64CAD 4.1%4/4
20242.39CAD 4.4%
20232.28CAD 5.3%
20222.17CAD 5.9%
20212.05CAD 5.8%
20201.94CAD 6.0%
20191.83CAD 5.9%
20181.72CAD 6.2%
20171.63CAD 6.6%

Fortis dividend history and estimates

In 2025, Fortis paid a dividend amounting to 2.49 CAD. Dividend means that Fortis distributes a portion of its profits to its owners.
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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
2.05 CAD
0.00 CAD
Jan 1, 2022
2.17 CAD
0.00 CAD
Jan 1, 2023
2.28 CAD
0.00 CAD
Jan 1, 2024
2.39 CAD
0.00 CAD
Jan 1, 2025
2.49 CAD
0.00 CAD
Jan 1, 2026 (e)
0.64 CAD
1.92 CAD
Jan 1, 2027 (e)
0.00 CAD
2.69 CAD
Jan 1, 2028 (e)
0.00 CAD
2.82 CAD

Fortis dividend payout ratio

In 2025, Fortis had a payout ratio of 69.98%. The payout ratio indicates the percentage of the company's profits that Fortis distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
75.43 %
Jan 1, 2022
74.89 %
Jan 1, 2023
71.07 %
Jan 1, 2024
70.75 %
Jan 1, 2025
69.98 %
Jan 1, 2026 (e)
71.02 %
Jan 1, 2027 (e)
69.57 %
Jan 1, 2028 (e)
69.01 %

Current Fortis forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
4.35 %
Buy
42.86 % (9)
Hold
38.10 % (8)
Sell
19.05 % (4)
12M Price Target
79.56
Last Price
78.45
Currency
CAD
12M Return Potential
1.41 %
LTM Return
0 %

Fortis Analyst Rating Actions

DateFirmActionRatingReliability
5/8/2026
Barclays
Barclays
MaintainedOverweight33
5/8/2025
RBC Capital
RBC Capital
MaintainedSector Perform52
8/24/2023
Credit Suisse
Credit Suisse
MaintainedNeutral
8/3/2023
Raymond James
Raymond James
MaintainedOutperform74
10/19/2022
Raymond James
Raymond James
UpgradeMarket PerformOutperform74
7/27/2022
Edward Jones
Edward Jones
DowngradeBuyHold
1/7/2022
Scotiabank
Scotiabank
DowngradeSector OutperformSector Perform75
10/19/2021
Wolfe Research
Wolfe Research
DowngradePeer PerformUnderperform
6/1/2021
BMO Capital
BMO Capital
DowngradeOutperformMarket Perform
6/5/2020
UBS
UBS
MaintainedBuy51

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Fortis Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/1/20240.84CAD--CAD-2024 Q1
2/8/20240.73CAD--CAD-2023 Q4
7/26/20230.67CAD-2.70 BCAD-2023 Q2
5/2/20230.83CAD-3.05 BCAD-2023 Q1
2/9/20230.73CAD-2.47 BCAD-2022 Q4
10/28/20220.69CAD-2.41 BCAD-2022 Q3
7/28/20220.60CAD-2.29 BCAD-2022 Q2
5/4/20220.79CAD-2.75 BCAD-2022 Q1
2/11/20220.71CAD-2.34 BCAD-2021 Q4
10/29/20210.65CAD-2.19 BCAD-2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the Fortis stock

97/100
97
Environment
99
Social
95
Governance
E

Environment

20
Scope 1 - Direct Emissions8,155,000
Scope 2 - Indirect emissions from purchased energy158,000
Scope 3 - Indirect emissions within the value chain113,390,000
Total CO₂ emissions8,313,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees32
Percentage of women in management
Percentage of Asian employees5
Share of Asian management7
Percentage of Hispanic/Latino employees4
Hispano/Latino Management share7
Percentage of Black employees8
Black Management Share7
Percentage of white employees75
White Management Share76
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Fortis shareholder structure

% Name
4.69615%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.91010%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
3.62911%
RBC Dominion Securities, Inc.
RBC Dominion Securities, Inc.
2.49636%
RBC Global Asset Management Inc.
RBC Global Asset Management Inc.
2.42603%
BMO Asset Management Inc.
BMO Asset Management Inc.
1.86076%
Scotia Capital Inc.
Scotia Capital Inc.
...

Fortis Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.7%
Float Shares
-
Shares Outstanding
-

Fortis Executives and Management Board

25 members · avg. age 61 · 56 % women

DH

Mr. David Hutchens (58)

President, Chief Executive Officer, Director · since 2018

15.72 M CAD

Management

JP

Ms. Jocelyn Perry

Chief Financial Officer, Executive Vice President

3.88 M CAD
GS

Mr. Gary Smith

Executive Vice President - Operations and Technology

3.50 M CAD
JR

Mr. James Reid

Executive Vice President - Sustainability, Chief Legal Officer

3.46 M CAD
SL

Mr. Stuart Lochray (52)

Executive Vice President - Strategy and Business Development

2.33 M CAD
KG

Ms. Keri Glitch

Chief Information Officer, Vice President

KG

Ms. Karen Gosse (54)

Vice President - Finance

Board of Directors

MD

Ms. Margarita Dilley (67)

Independent Director

536,534.00 CAD
JZ

Mr. Jo Zurel (61)

Independent Chairman of the Board

485,436.00 CAD
TB

Ms. Tracey Ball (67)

Independent Director

475,989.00 CAD
GM

Ms. Gianna Manes (60)

Independent Director

376,270.00 CAD
LB

Mr. Lawrence Borgard (63)

Independent Director

366,009.00 CAD
MC

Ms. Maura Clark (66)

Independent Director

355,383.00 CAD

Frequently asked questions about Fortis

The business model of Fortis Inc is focused on the generation, transmission, and distribution of electric power. As a leading North American utility company, Fortis operates through various subsidiaries and serves millions of customers. With a diversified portfolio of energy infrastructure assets, Fortis primarily provides electricity and natural gas to residential, commercial, and industrial customers across Canada, the United States, and the Caribbean. Its business strategy involves investing in regulated utilities and long-term contracted energy infrastructure projects to deliver dependable and sustainable energy solutions. Fortis aims to ensure reliable energy delivery, drive operational excellence, and create long-term value for its shareholders through its robust business model.

Fortis Inc is primarily active in the utility and energy industry.

The main competitors of Fortis Inc in the market include utility companies such as NextEra Energy, Duke Energy, and Dominion Energy. These companies also operate in the energy sector, providing electricity and natural gas services to residential, commercial, and industrial customers. However, Fortis Inc distinguishes itself through its impressive global presence, with operations in Canada, the United States, and the Caribbean. The company's strong financial position, commitment to sustainability, and strategic acquisitions have solidified its position as a leading utility provider. With a focus on delivering reliable energy and customer satisfaction, Fortis Inc remains a formidable player in the market.

Fortis Inc is a renowned Canadian electric utility company. Its history dates back to 1885, when it was established as the St. John's Electric Light Company in Newfoundland and Labrador. Over the years, Fortis Inc expanded its operations through acquisitions and mergers, becoming one of North America's leading utility providers. The company currently supplies electricity and natural gas to over 3 million customers across Canada, the United States, and the Caribbean. With a strong emphasis on sustainability and reliable energy delivery, Fortis Inc has evolved into a trusted name in the utility sector, consistently contributing to the economic growth and well-being of the communities it serves.

Fortis Inc has achieved several significant milestones throughout its history. Some notable accomplishments include the company's expansion into the United States through the acquisition of Central Hudson Gas & Electric Corporation in 2013. Fortis Inc also completed the largest acquisition in its history in 2016, when it acquired ITC Holdings Corp, one of the largest independent transmission companies in the United States. The company has continued to grow and diversify its operations, demonstrating strong financial performance and operational excellence. Fortis Inc has established itself as a leading utility company in North America, providing reliable energy services to millions of customers.

Fortis Inc is primarily present in Canada and the United States.

Fortis Inc represents a commitment to delivering safe, reliable, and sustainable energy. The company's core values include integrity, accountability, and collaboration. Fortis focuses on customer satisfaction, environmental stewardship, and fostering a positive impact on the communities it serves. By investing in innovative technologies and infrastructure, Fortis aims to meet the energy needs of its customers while minimizing its carbon footprint. With a strong focus on corporate social responsibility, Fortis emphasizes transparency, ethical business practices, and creating long-term value for its shareholders. Overall, Fortis Inc strives to be a responsible energy provider that contributes to the well-being of its stakeholders and the planet.

Analysts currently set an average price target of 77.95 CAD for the Fortis stock (median: 79.56 CAD), implying -0.6 % versus the latest price. The consensus is based on 21 analyst ratings.

21 analysts currently rate the Fortis stock: 8 recommend buying, 9 holding and 4 selling. For 2026, analysts expect Fortis to generate revenue of 12.65 B CAD and earnings per share of 3.58 CAD.

Converted at the current exchange rate, the Fortis share trades at 48.66 EUR (78.45 CAD).

The Fortis share (FTS.TO) is listed on 5 stock exchanges, including: NYSE (FTS), Frankfurt (12F.F), München (12F.MU), Düsseldorf (12F.DU), Toronto (FTS.TO).

Fortis Inc is a Canadian company that operates in the energy sector. The company is a leading provider of electricity and gas services in Canada, the United States, and the Caribbean.

The expected revenue of Fortis is 12.65 B CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Fortis is 1.82 B CAD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Fortis is currently 21.89. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Fortis stock.

The price-to-sales ratio (P/S) of Fortis is currently 3.14. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Fortis stock.

The Eulerpool Quality Score for Fortis is 5/10.

The ISIN of Fortis is CA3495531079. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Fortis is 881347. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Fortis is FTS.TO. The ticker symbol is used to trade Fortis shares on the stock exchange.

Over the past 12 months, Fortis paid a dividend of 2.49 CAD . This corresponds to a dividend yield of about 3.17 %. For the coming 12 months, Fortis is expected to pay a dividend of 2.69 CAD.

The current dividend yield of Fortis is 3.17 %.

Fortis pays a dividend, distributed in the months of , , , .

Fortis paid dividends every year for the past 35 years.

For the upcoming 12 months, dividends amounting to 2.69 CAD are expected. This corresponds to a dividend yield of 3.43 %.

Fortis is assigned to the 'Utilities' sector.

To receive the latest dividend of Fortis from amounting to 0.64 CAD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Fortis distributed 2.41 CAD as dividends.

The dividends of Fortis are distributed in CAD.

All fundamentals and in-depth analysis of Fortis

Our stock analysis for Fortis stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Fortis. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.