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Fortis Inc. (FTS)

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45.13 +0.12 (+0.27%)
At close: September 24 at 4:00 PM EDT
45.13 0.00 (0.00%)
After hours: September 24 at 5:44 PM EDT
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DELL
  • Previous Close 45.01
  • Open 45.04
  • Bid 44.22 x 1800
  • Ask 45.45 x 1000
  • Day's Range 44.79 - 45.25
  • 52 Week Range 36.30 - 45.83
  • Volume 810,694
  • Avg. Volume 602,487
  • Market Cap (intraday) 22.348B
  • Beta (5Y Monthly) 0.22
  • PE Ratio (TTM) 19.20
  • EPS (TTM) 2.35
  • Earnings Date Oct 25, 2024 - Oct 29, 2024
  • Forward Dividend & Yield 1.75 (3.88%)
  • Ex-Dividend Date Aug 20, 2024
  • 1y Target Est 40.70

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

www.fortisinc.com

9,600

Full Time Employees

December 31

Fiscal Year Ends

Utilities

Sector

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Performance Overview: FTS

Trailing total returns as of 9/24/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

FTS
13.27%
S&P/TSX Composite index
14.28%

1-Year Return

FTS
16.79%
S&P/TSX Composite index
21.09%

3-Year Return

FTS
12.63%
S&P/TSX Composite index
17.06%

5-Year Return

FTS
29.47%
S&P/TSX Composite index
42.00%

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Statistics: FTS

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Valuation Measures

Annual
As of 9/23/2024
  • Market Cap

    22.19B

  • Enterprise Value

    46.35B

  • Trailing P/E

    19.17

  • Forward P/E

    18.32

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    2.63

  • Price/Book (mrq)

    1.43

  • Enterprise Value/Revenue

    5.52

  • Enterprise Value/EBITDA

    11.74

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    14.35%

  • Return on Assets (ttm)

    3.09%

  • Return on Equity (ttm)

    7.44%

  • Revenue (ttm)

    11.39B

  • Net Income Avi to Common (ttm)

    1.56B

  • Diluted EPS (ttm)

    2.35

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    561M

  • Total Debt/Equity (mrq)

    128.59%

  • Levered Free Cash Flow (ttm)

    -382.12M

Research Analysis: FTS

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