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Fortis Inc (FTS)

US · Utilities · Utilities - Regulated Electric

$55.76+2.01%
Last close · 2026-10-16

Latest quarter · ended 2026-06-30

Revenue
$2.93B
Revenue YoY
+4.1%
Net profit
$396.0M
Profit YoY
-2.0%
EPS
$0.56
EPS estimate
$0.55
Net margin
13.5%

EPS came in at 0.56 against a street estimate of 0.55 — a beat of 1.8%.

Key statistics

Market cap
$27.93B
P/E
22.2
Forward P/E
19.5
P/B
1.61
Book value
$32.60
EPS (TTM)
$2.46
Dividend yield
4.64%
52-week high
$58.91
52-week low
$47.96
50-day MA
$54.55
200-day MA
$55.61
Beta
0.41

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
57.65%

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
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
Annual report FY2025 (40-F)
HEADLINE NUMBERS • Revenue increased to $12,170 million in 2025 from $11,508 million in 2024. • Net earnings rose to $1,961 million from $1,828 mill
2026-02-12
Quarterly results (6-K) · Q4 2025
HEADLINE NUMBERS • The document is a Form 6-K filing by Fortis Inc. containing its investor presentation for the Q4 2025 earnings conference call. •
2026-02-12

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Corporate actions

ActionDetailDate
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 2026-10-18.